Is a Steak n Shake Franchise Worth It?
A data-driven verdict based on FDD analysis and real SBA loan outcomes.
❌
Verdict: High Risk
- High SBA default rate (19.2%)
- Negative unit growth (-2.2%)
The Numbers
Franchise Fee:
$10K
Total Investment:
$184K – $1.0M
Royalty Rate:
1.0%
Median Revenue (Item 19):
$137K
1-Year Unit Growth:
-2.2%
SBA Default Rate:
19.2%
What Franchisees Are Saying
Reddit
See what franchisees are saying about Steak n Shake on Reddit
Potential Red Flags
- High SBA default rate (19.2%)
- Negative unit growth (-2.2%)
Always perform your own due diligence and consult with a qualified franchise attorney.
Bottom Line
Based on the data, Steak n Shake presents a High Risk opportunity for a franchise buyer. We recommend a full FDD analysis for a deeper dive.
Get the Full AI-powered FDD Analysis
Unlock a complete risk score, financial benchmarks, custom attorney questions, and scenario modeling for Steak n Shake.
Analyze Your FDD →