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In August 2018, Steak &lsquo;n Shake announced plans to temporarily close and refranchise all 413 of their corporate-owned stores <a href="https://www.qsrmagazine.com/finance/steak-n-shakes-temporary-closures-rise-103?utm_campaign=20190806&amp%3Butm_medium=email&amp%3Butm_source=jolt&utm_source=1851franchise.com&utm_medium=article&utm_campaign=steak-n-shake-temporarily-shutters-over-100-stores-in-refranchising-plans-2710654" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">according to a report in QSR Magazine</a>. Following Chick-fil-A&rsquo;s model of single-unit, operator-run stores, the brand was offering franchise ownership for only $10,000 with a 15% sales lease and 50/50 profit split. The parent company Biglari Holdings has attributed recent decreases in net sales to these temporary store closures, but the brand is also lagging in both same-store sales and comps.&nbsp;

According to Steak &lsquo;n Shake CEO Sardar Biglari, the brand is trying to avoid absentee owners in order to maintain quality standards across the board. &ldquo;We limit a franchisee to a single location, based on the belief that focus, along with passion, determination, and persistence, will translate into excellent employee and customer satisfaction,&rdquo; said Biglari. As of June 30, 213 of the brand&rsquo;s stores are franchised while 307 are company run. The number of temporarily closed company-owned stores has risen to 103.&nbsp; 
Read the full story <a href="https://docs.google.com/document/d/17eX5yMJ5FnHYD9v9-_NMuuo4RjKy3E4QIUZ44JUrgR0/edit?usp=sharing&utm_source=1851franchise.com&utm_medium=article&utm_campaign=steak-n-shake-temporarily-shutters-over-100-stores-in-refranchising-plans-2710654" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">here.</a>

Steak ‘n Shake Temporarily Shutters Over 100 Stores in Refranchising Plans

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The total up-and-running location count has fallen from 626 to 520 since December 31, 2018. 


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Steak ‘n Shake Temporarily Shutters Over 100 Stores in Refranchising Plans

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