Franopolis

    Franchise opportunities compared

    Steak n Shake Enterprises Traditional Franchise Program vs Steak n Shake Franchise Partner Program

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Steak n Shake Enterprises Traditional Franchise Program discloses more than one business format, so the investment range spans formats; the full report breaks them out.
    • Item 19 figures cover the location groups each FDD names (Steak n Shake Enterprises Traditional Franchise Program: 8, Steak n Shake Franchise Partner Program: 2). Different groups are not directly comparable.
    DisclosureSNSteak n Shake Enterprises Traditional Franchise ProgramSNSteak n Shake Franchise Partner Program
    Financial commitment
    Estimated initial investment (Item 7)
    $316,000 – $2,656,425
    2026 FDD · Item 7
    $259,336
    Total Estimated Initial Investment for a free-standing or in-line Restaurant: $259,336 to $997,942
    2026 FDD · Item 7 · PDF p. 26
    Standard initial franchise fee (Item 5)
    Not available
    No single standard fee identified
    $10,000
    2026 FDD · Item 5 · PDF p. 16
    Royalty (Item 6)
    $5.00
    Royalty and System Fee & License Fee
    2026 FDD · Item 6 · PDF p. 19
    Not available
    No reviewed royalty record
    Brand / advertising fund (Item 6)
    $50
    Custom Marketing Services: $50 to $135 per hour
    2026 FDD · Item 6 · PDF p. 21
    $10
    Marketing monthly maximum gross receipts
    2026 FDD · Item 6 · PDF p. 16
    System scale & health
    Total outlets (Item 20)
    Not available
    No reviewed outlet counts
    Not available
    No reviewed outlet counts
    Net outlet change (Item 20)
    Not available
    Only one year reported
    Not available
    Only one year reported
    Outlet exits (Item 20)
    Not available
    No complete exit records for a year
    Not available
    No complete exit records for a year
    Franchising since (Item 1)
    Not available
    Not in reviewed records
    Not available
    Not in reviewed records
    Franchisor founded (Item 1)
    Not available
    Not in reviewed records
    Not available
    Not in reviewed records
    Performance (Item 19)
    Financial performance (Item 19), by location group
    Locations counted not stated in the reviewed record — Traditional Franchise Restaurants
    59 outlets
    other Traditional Franchise Restaurants sample size · 2026 FDD · Item 19 · PDF p. 75
    Locations counted not stated in the reviewed record — Total Franchise Restaurants
    214 outlets
    other Total Franchise Restaurants sample size · 2026 FDD · Item 19 · PDF p. 75
    Locations counted not stated in the reviewed record — Franchise Partner Restaurants — Quartile 2
    25.5 percent
    other Total Labor Cost as % of Net Sales · 2026 FDD · Item 19 · PDF p. 78
    +5 more groups in the full report
    Locations counted not stated in the reviewed record — 155 full-year Franchise Partners
    $190,637
    other First quartile mean · 2026 FDD · Item 19 · PDF p. 57
    Locations counted not stated in the reviewed record — Franchise Partners overlastfiveyears; sample notspecified
    $286,276
    other Five-year highest annual earnings · 2026 FDD · Item 19 · PDF p. 58

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

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