Steak 'n Shake
Steak 'n Shake is a Restaurant - QSR/Fast Food concept with 391 stores in 391 shopping centers across 23 states. As of October 11, 2026 they opened 1 and closed 2 locations in the last 12 months, a net change of −1. Typical site: 2,000–3,000 SF. Across their fleet, locations have a median 10-minute drive-time population of 41,378 with a median household income of $74,928 and a median age of 39, according to Brandmarch. Similar brands: Culver's, White Castle, and Five Guys.
Stores
In 391 properties
Site Submittals
Coming soon
Competitive Intelligence
New in the last 3 months
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Recent activity
Dates shown here are when each event was detected. Actual event may have occurred up to 30 days earlier. Next digest sends Sunday.
Waukee, IA · Opened ~Jan 2026 · Detected Feb 12
Las Vegas, NV · Closed ~Oct 2025 · Detected Nov 7, 2025
Sevierville, TN · Closed ~Oct 2025 · Detected Nov 7, 2025
About Steak 'n Shake
Iconic American Brand Pioneering the Franchise Partnership Model Steak 'n Shake, a classic American brand founded in 1934, is actively pursuing a National Expansion strategy through its innovative Franchise Partnership Program. By significantly reducing upfront capital requirements, the brand is revitalizing its portfolio of over 500 locations and aggressively seeking new operators for both existing turn-key sites and new developments. Backed by Biglari Holdings, Steak 'n Shake has transitioned to a debt-free status and modernized its operations with self-service kiosks and a streamlined service model to enhance unit economics. Ideal for Anchor Tenant positions in high-traffic corridors, the concept thrives in freestanding and end-cap formats, offering a premium burger and milkshake experience that drives consistent footfall day and night.
Similar brands activity
Recent openings, closures, and announcements from brands similar to Steak 'n Shake.