Steak ‘n Shake, a popular fast food chain, offers various senior discounts to customers over the age of 50. As of February 11, 2021, the restaurant has updated its senior discounts policy. The Steak ‘n Shake Rewards app allows members to earn rewards, order ahead, pay, find locations, and receive exclusive offers.
Stake ‘n Shake also provides a 10 percent discount on Monday and Tuesday for customers over 50. This offer is available nationwide and can be used at participating locations. Customers aged 55 and older can enjoy delicious shakes and burgers at half price during happy hour.
Some of the best senior discounts include deals on Krispy Kreme donuts, hotels, train tickets, Amazon Prime memberships, and eyeglasses. For those over 50, Steak ‘n Shake offers a 10 percent discount on Monday and Tuesday. Other restaurants offering senior discounts include Sonic, which offers a 10 off or free drink for customers aged 60 or older.
In addition to these discounts, Steak ‘n Shake also offers a senior meal deal from 2pm to 5pm on weekdays. Some of the restaurants that offer senior discounts include Steak ‘n Shake, which offers 10 off food and non-alcoholic beverages, AARP Membership, Subway, and Taco Bell.
In summary, Steak ‘n Shake offers various senior discounts to customers over the age of 50, including a 10 percent discount on Monday and Tuesday at participating locations. These discounts provide a great way to save money and enjoy delicious meals at Steak ‘n Shake.
📹 We Finally Know Why Steak ‘N Shake Is So Cheap
As inflation continues to rise, consumers are left with fewer cheap options when it comes to grabbing a quick bite. You may even …
Is 55 years old considered senior?
Being a senior citizen is not a specific age, but it typically begins at age 55. By age 65, retirement from work is the most common age for senior citizens. However, an increasing number of senior citizens are working after 65, making retirement no longer a key factor in becoming a senior. Senior citizen discounts exist in various sectors, including fast food restaurants, sit-down restaurants, grocery stores, airfare, sports tickets, hotel accommodations, movie theater tickets, hair salons, tire service centers, and cell phone companies. Additionally, members of the American Association of Retired Persons (AARP) can receive members-only discounts on various items.
These discounts are provided to help seniors afford essentials and extras, as they are on fixed incomes with limited assets. Companies offer these discounts to help seniors live a healthy, happy life in retirement, ensuring they can afford both essentials and extras.
Does Starbucks have senior discounts?
While Starbucks occasionally offers discounts to patrons over the age of 65, it is not a guaranteed benefit. Admission to Phipps Conservatory and Botanical Gardens in Pittsburgh is offered at a reduced rate to individuals aged 65 and above. Napa Valley Wine Tours offers discounts on select wine tours, which may be an optimal choice for those seeking to experience the region’s finest wines.
What age do you get a senior discount in California?
Retirement benefits are categorized into three categories: qualifying for senior benefits, spending retirement savings, and taking required minimum distributions from retirement accounts. At age 65, individuals qualify for Medicare, while Social Security benefits can begin as early as 62 or as late as 70. Senior discounts begin at some retailers and restaurants for those 55 or older. Anyone 50 or older is eligible to become an AARP member. Retirement accounts are designed to encourage long-term savings, but early withdrawals can result in a 10 penalty.
When you reach a certain age, you must take the required minimum distributions from retirement accounts, known as RMDs, which must be taken each year after age 72. Once you reach 72, you may view yourself as a senior citizen because you must start taking RMDs from your retirement account.
Do airlines offer senior citizen discounts?
Senior airfare discounts are becoming less common, but some airlines still offer them, with the most common being a 10% discount on the full fare price of a flight for passengers aged 50-65. However, these discounts may be skewed by rising flight prices. Some airlines that offer senior fares include Air France, American Airlines, British Airways, Delta, and United Airlines. Air France offers senior fares for passengers 60 years of age or older within France, while American Airlines offers senior citizen fares for some domestic flights for seniors aged 65 or older.
British Airways partners with the AARP, offering up to $400 off certain flights for AARP members through Oct. 31, 2015. Delta offers senior discounts on certain itineraries, but they are not available online. United Airlines offers senior citizen discounts in certain markets, and travelers should contact their reservations department to check eligibility.
Is a 45 year old a senior?
In the United States, a senior citizen is defined as anyone of retirement age or 62 or older, with Medicaid typically requiring a minimum age of 65. As the COVID-19 pandemic has impacted the model of assisted living, Silverbell Homestead has been innovative in addressing new challenges. They have implemented new precautions to protect seniors’ health and well-being while ensuring their autonomy.
A senior citizen for assisted living residency varies depending on their age. If someone is past age 62 with early dementia or a stroke, they qualify for assisted living care. If they are older than 80 with no cognitive deficits but physical limitations to daily living tasks, they are considered a senior citizen in need of an assisted living facility. Silverbell Homestead has been at the forefront of innovation in addressing the changing needs of seniors and providing the best possible care.
Does Walmart Plus have a senior discount?
Walmart does not offer age-specific discounts for seniors or veterans, but they offer various ways to save while shopping in person or online. They offer tough-to-beat everyday prices, a free app for easy shopping and prescription filling, and instant alerts about sales or deals. Walmart+ membership offers free grocery delivery and other money-saving perks, making it easier for seniors to find the best deals at the big-box retailer.
Why do airlines ask if you are a senior citizen?
Air France offers discounts for senior citizens aged 60 and above, with age proof required for boarding flights. Senior citizens can make changes to certain conditions without additional charges and receive up to 30 off. They can also order ‘My Senior Pass’ from their website. American Airlines also offers discounts for senior citizens aged 65 and older on certain international routes. To view these discounts, use the Advanced Search feature on their website.
AARP members can join after turning 50, which offers perks like saving up to $200 on trans-Atlantic flights with British Airways, provided round-trip flights from U. S gateways to the United Kingdom. This discount applies to passengers traveling with an AARP member.
How much is senior citizen discount?
The example provided violates the Rules and Regulations implementing RA No. 9994 and RR No. 7-2010, as amended by RR No. 8-2010. The discount granted to Senior Citizens should not be less than 20 and should be based on the selling price, exclusive of VAT. The 20 discount and VAT exemption apply to set meals purchased by Senior Citizens, provided they are limited to a single-serving meal with beverage for an individual senior citizen.
If the set meal is shared with Non-Senior Citizens, the value of the food purchase attributable to the senior citizen can be computed using the formula in Circular A1. If a senior citizen orders various dine-in foods and takes home the leftovers, the order is subject to the 20 discount.
What discounts can I get when I turn 55?
Senior discounts are available at various retail stores, including Goodwill, Hallmark, iParty, Kohl’s, and Kohl’s. These discounts are valid for older adults, veterans, and low-income individuals, and can vary by location. Some stores, like Kohl’s, offer discounts on specific days of the week. Some wireless providers also offer special discounts for seniors, such as $15 per month cell phone plans. It’s important to check with local stores to confirm discount availability. As of 2024, many businesses have stopped offering senior discounts, but they still provide discounts for older adults, veterans, and low-income individuals.
How old do you have to be to get a senior discount at mcdonalds?
McDonald’s typically offers a reduction in price on small beverages for customers who are at least 55 years of age. It should be noted, however, that these discounts may not be available at all locations and that age verification may be required.
What is the age of senior citizen?
The 1961 Income-tax Act categorizes resident individuals into three groups: those aged 60 or older, senior citizens aged 60 to 80, and super senior citizens aged 80 or more. These individuals are categorized into three groups: resident senior citizens (up to 60 years), senior citizens (60 to 80 years), and super senior citizens (over 80 years). The article provides a brief explanation of the income tax provisions applicable to these groups.
📹 Steak ‘n Shake Franchise only $10,000 – What’s the Catch?
For only $10000 you can own your own Steak ‘n Shake Franchise and be guaranteed $100k in your first year. What is the catch?
Just an update on the new Shake making process. It’s much much slower. It’s a soft serve machine that was poorly designed. We had the machine for two weeks and the syrup stopped working on one side and the other side stopped freezing the soft serve. It also automatically pours based on weight instead of just using a pull handle. It basically pours a random amount of soft serve overflowing most of the time. The station itself use to have 32 tins to work with keep in mind we have over 60 flavors of shakes. They reduced tin space to 5 tin holders and added a tiny little sprayer that takes forever to clean the tins out. There is also no space to place any Shake glasses and the whole set up is cluttered and frustrating. The old set up I could make about 40 shakes in 20 minutes with the new process it take the same amount of time to make 12 shakes. The only problem with the old Shake making process was the freezer temperature being too cold and freezing the shake base making it impossible to scoop. It should be at 15 degrees and it was always at -10 degrees. They have a loan on these Shake machines for $50,000 each and they cannot make the payments on them. If you franchised one of these you yourself would only make $1500 per week if you had an extremely busy restaurant. Not worth it in my opinion
I live in Indy, where S&S is based, and a friend use to work in the executive suite for that company.. When BigLiar took over, clandestinely, it all went to s**t.. This new franchise model is a last ditch effort to save a sinking ship.. This is not an opportunity worth anyone’s time.. Accurate review, Robert!
I am a former GM for this company, this whole Franchise Partner program is a pipe dream for people new to the organization. Experienced/talented GM’s, assuming they haven’t quit because of how poor the company is doing, can barely pull this off. The standards Sardar expects are outrageous, 6-8 months to turn a troubled store around to “gold standard” is going to be nearly impossible for someone brand new. That person will likely be walking into a understaffed restaurant, with underpaid staff and they will be almost certainly working 24/7 to keep the restaurant open. I left the organization from burn out of being in the industry. Could I have got to the Franchise Partner level? Certainly, but after 12 years with the company, the extra effort was not something I wanted to do. I am a computer programming now… that’s how burned out I was.
I used to work at the one in my area and we had pretty good reviews. My customers were for the most part always happy and if not I did what I could to make the customer happy. The problem is the whole 24 hour gig. If they were open until 1-2am then that would be so much better. The menu is also pretty expansive and if they would just cut it down to 3 or 4 signature burgers, a chicken fingers meal, their shakes and some form of 4 or 5 dollar meal box (pretty much every other fast food franchise has one) then I could see them being able to survive.
So if a franchise is turned around and starts making large profit then the sTAKE & Shank can opt out of the contract at any time and take full ownership as long as they give you up to a six week notice? I’d rather make a deal with the MOB and all I had to do to get away from the MOB is torch the place and walk away with the insurance money.
I stopped in one of the closed locations earlier this week (Englewood, OH). I noted the following: 1) Although the store is closed, ALL of the signage is still out as if it were opened. Imagine how many potential customers will be ticked off after leaving the interstate looking for the restaurant. 2) These locations are shuttered. Any franchisee will have to hire a completely new staff and try to get them up to speed with extensive training. From past experience in the food service industry, that is a serious commitment. 3) The fact that the restaurant must be open for 24 hours a day would be a serious impediment to me. First, there are very few locations where that would be financially feasible (i.e., near an interstate, etc. Second, your store is a criminal’s ATM as you will have more cash than convenience stores.
It’s so easy to be overly optimistic when starting your new business. I got into vending machines. The new technology is really nice and I assumed people would go for the healthier options. Boy was i wrong. People (mostly kids) want the same things they are used to: candy bars, doritos, mountain dew. Sometimes the kids will hit the machine if something gets hung up. You had to order new stock, write off expired stock, go to the various locations and restock things. It got out of control. The hardest part was finding a good location. Those usually were already taken by the pros, selling their garbage. The company i bought the machines from went bankrupt. It seems like a few companies started to compete in making new vending machines and not everybody was a winner. The company that made the machines came out the big winner. Now i’m into digital marketing and selling shovels to miners instead of ming for gold myself. No risk or overhead. I just offer my services. I don’t have to be a salesman i just tell them what i can do for them.
Steak ‘n Shake was my first job. I worked there from 07 to 10’. Let me tell you back then at least at my store, they took customer service very seriously. I was a waitress and if you ever got even one call to corporate you were at risk of getting fired. Now the last three years the location that I used to work at and all local locations to me went to hell. The managers didn’t care. The staff was all kids who were rude, and too busy on their phones or talking with friends to do their jobs. I was amazed at the difference. Not to mention there supposed to be 24 hours and the last several years 1/2 of the time at night they would be closed down cause they ” got a truck in”. Give me a break. When I worked there we never closed except every 3 months for 1 night for cleaning the hoods. It truly was a hard job and it was awful. I’ll never forget having to make 50 shakes by myself at night and wait on everyone alone. Just myself and a drive through person who was also the cook. Such a horrible experience. They should just close down permanently. Their reputation is ruined and it’s their own fault
When you go to Steak & Shake you know what you are getting going in, you are getting a $4 double Steak Burger and fries. As fas as customer service goes that comes down to management not training employees. We have a Freddies in my town that is packed all the time and it cost about twice as much to eat there as it does S&S, I believe if there was a S&S in my town it would be packed 7 days a week. But they don’t want to build new restaurants they want you to run already failing locations that are probably in bad areas that have a ton of other competition.
Former GM for SnS here. I’d be very wary of any dealings with Biglari. A couple of examples to get a feel for his business practices. In a phone conference on the last day of the quarter he changed the standards for bonuses retroactively for the whole quarter. Not just an extension of goals, but a completely new set of standards. Stated reason was too many GMs would get the bonus. Another conference call said that there would no longer be pay increases for managers or staff. Any staff making over minimum wage would have their pay cut to minimum wage. This was said to be due to financial troubles. Within a couple weeks Biglari quadrupled his salary.
This was very helpful, thank you! I saw their franchise ad and considered it, but thought “Are they desperate for money?” Well, according to what the CEO makes, it’s a “No thank you” for me. The greed in this world is beyond belief. I’m not going to play your Captain Save-a-ho manager to help you make millions while I scram to fix your milkshake machine and slip and slide on grease 50+ hours a week and not see a dime until 1 year. FOH.
franchise city is not a negative website at all! FC is a realistic website! hey Franchise City, love your work and wondering if you guys can do a article for what seems to be trending on FB these days and that’s selling stuff on Amazon. I’ve seen about a few dozen articles from different ppl doing “workshops” on teaching ppl how to do it and i just think there is more to it than what they advertise. They say you can make over 300K a year selling stuff on Amazon, some claiming they make 800-900K a year and they wanna teach the “secrets”. Call me greedy, selfish or just a bad person overall but if I knew of an untapped business that’s making me 300K a yr, the last thing I’d do is share my method with millions of ppl. I mean, why invite competition? plz do a article on this type of business. thanks
S&S nor ChikFila are true franchises, the “franchise fee” is to be a glorified manager. If you pass away, the business reverts back to corporate ownership, it CANNOT be left as an asset to your heirs. This is pure tomfoolery.. Not for a actual businessowner who’d want to purchase multiple locations and manage the business as a pure owner. Corporate requires you to slave away AT THE LOCATION like an EMPLOYEE. A true business owner KNOWS the system but experiences revenue PASSIVELY. Dont fall for the banana in the tailpipe guys, take that 10k and start your own business. ✌🏽💯
Their business model makes it difficult to be successful. People are used to how fast they can get food at places like McDonald’s. The sns setup means it is going to take a lot longer to prepare food. The one near my house has a very slow drive thru and so commonly gets your order wrong I just quit using it. Chik fil a does have good service but they have been very smart with their menu. They are able to prepare this food much quicker and more consistently than sns
That was good and thorough. There’s much more to consider, but the fundamentals are everything. Too many 1st (and 2nd) timers believe they are going to be the outliers and this dispels a lot of the dreaming without being pessimistic. Some would be amazed at the amount of work to run a simple hot dog stand. Thus, the lure of franchises with established brands, procedures and success formulas that the average new business owner would not think of right away. Many states have laws requiring the franchisor to submit its franchise agreement (circular) for the record, because so, so many people have lost money or didn’t understand the agreement. I can go on for days, but I’ll just say that this is a very insightful article that can help a lot of people. Read those Franchise Agreements! Good post Sir.
people not knowing negatives is worse for them and many do not see it so showing and explaining it is actually 10x better than giving them false hope of making billions on something they will not make much at. you provide a service telling people truth good and bad of it anyone who listens can see that and those that do not see it well they are tuned into one side more than the other and need to be able to see both aspects. Thanks for sharing the wisdom.
Anyone that didn’t already assume all this has no business running a restaurant anyway. If they were doing great they wouldn’t be handing over the keys to a million dollar restaurant for 10k. Only a very experienced restaurant leader that is capable of turning a business around and putting in the work can pull this off. Also like he said, it would still be very tough because I’d almost guarantee the Steak ‘n Shake corporate is not going to be very supportive in doing what it takes financially to upgrade the atmosphere and equipment of a run down restaurant.
This is the reason that makes me not to get into any business or buy a fanchise before going through Franchise city!. Always love your articles and the honest reviews!. As a research scientist and detailed and analysis oriented, I would say your analysis is really amazing!. Once I am financially ready I will get in touch!
I highly recommend to go into a SNS and work there as an employee and observe what’s going on for several weeks/month to see if it’s worth $10k into something your not certain about and if don’t work out you can quit and still have your $10k. Pay of the cash flow coming in and what’s going out on bills and supplies.
Just a update on my recent trip to a stake and shake in Nashville Tennessee, apparently they have got rid of all the waiters in a attempt to save money on that part, the store is now a self Serve keos, (no one to take orders in person) and they now call out your number of your order and you come pick up. A lot of this is most likely due to post COVID situation, but I feel like it’s for the best, it cuts down on floor traffic and saves the company money on employment,
Their customer service is their biggest reason for their downfall in my opinion. I’ve visited three different locations and had a bad experience (long wait times and messed up orders) at each one. At the location near Richmond, VA, I ordered a burger with no mayo based sauce included (Note: Being I have an egg allergy and informed the waiter) and sure enough it was brought to my table with the mayo based sauce included. I informed the waiter of the issue and she went to have the order corrected. I must have waited almost a half an hour for the sandwich to come back out. By the time that happened my friend who I was there with was practically finished with his meal. The catch is there was practically no other patrons in the restaurant except for maybe 4 people tops. Thinking it was just a fluke or that one location, I decided to give it another try being the food (Cajun burger) was pretty good so I went to another location in Homestead, PA. I stopped in the location to order a meal to go at the front counter. The waitress was relatively nice and I order a burger without mayonaise and informed the waiter not to include it because I have an egg allergy. The waiter noted it on the order and even informed the cook behind her to not include mayonaise on the burger. Food came out in a somewhat reasonable time but sure enough the burger had mayonaise on it. I take the container back to the counter and inform the waitress that the order had mayo on it which I specifically requested to not include.
In general, I like the Franchise City articles and find the insights to be very helpful. This one is no exception. Although it doesn’t come out and say Steak ‘n Shake should be avoided, it clearly gives the viewer the impression that this could be a very unwise and costly investment. What confuses me however, is if Steak ‘n Shake is so bad, then why does Franchise City highlight it as one of the “Examples of Franchises We Represent” in its on online brochure which can be downloaded from its website (see page 11 of 19)?
Having experienced managers may or may not be good. I have known a few and while some are very diligent others are lazy, have a bad attitude, use the waitresses as their own “flower “garden” in short are walking business disasters. My wife and I love steak N shake food but rarely go there due to horrible service and they do not have a clean feel. A new candidate may do better if they are diligent and ethical but it would be a high hill to climb. Very risky.
When i was a child my family ate a steak and shake all the time. I’m 38 to give a little context. The last several times i went it was horrible and the restaurants where dirty. I probably haven’t been to a steak n shake in 10 years at least. The one nearest me in Evansville Indiana closed a year or so ago.
We called him BigLiar. He made sweeping changes by importing cheap Canadian beef . He cheapened the brand, and lost loyal customers. He demoted some of the best managers. He closed the commissary in 2010 for a 3 year deal with Sysco (Sygma). Once the sweet deal was up, he had no bargaining chip to keep foodservice costs down. When the commissary was in operation, if an outside foodservice company tried to raise their prices, we would just say no, we’ll just deliver it with our own trucks and drivers. You should have given a little more background on Bigliar, that alone would keep people from wasting their money. His wealth comes from his daddy, and his daddy’s wealth came from US taxpayers. His daddy was a general in the Iranian army that defected. He was actually given a bs job. I can’t remember the title, but he was paid to go from store to store which required a security detail since there was still a bounty on his head. I doubt driving around the midwest in brand new Mercedes with 6-8 secret service types was cheap. Bigliar is probably one of the most arrogant people that I’ve ever had to listen to. He would do conference calls, he would never come to the commissary and lie to us face to face. When he was called a Wannabe Buffett, he thought they were comparing him to Warren.
Thanks for discussing this topic…you have a new subscriber! While I think they have a good burger, and fantastic shakes, SnS never did catch on in North Texas. I think site selection might have played a factor. They built one in Dallas next to Valley View Mall, but along a secondary corridor…store closed years ago, and mall is being redeveloped. I noticed one in Tyler last year…new store, near a University of Texas satellite campus, but located along a secondary corridor (and was closed). Fast-food/QSR is a challenging sector…you have to be in a good, accessible spot, menu has to be priced correctly ($1 menu has been popular over the last 10 years), and then you hope you can earn $0.10 per every dollar in sales!
The franchisee builds up the location. The franchisee is earning 50% of profits along with a salary I assume. Steak ‘n Shake sees the turnaround, changes the agreement and fires the franchisee. They then take the location and turn it into a corporate location. Insert manager who makes $38,000. It is a finesse along with $10,000 in upfront cash to pay that loan.
It strikes me that the best way to turn around those stores through a franchised model would be with the ownership being vested in a worker-owned cooperative franchisee. With $10K as the minimum investment, each individual worker would be on the hook for a relatively small portion of that franchise fee. I mean most fast feeders have somewhere between 30 and 60 staff members at any given time, so the investment would be between $170 and $335 per worker give or take a few bucks either way. If the cooperative raised some additional operating capital from the local community which lost its restaurant because it was closed by the corporate parent, by using the Crowdfund Act exemption from securities registration under the JOBS ACT to secure say $100K in operating capital to be paid back to the community-based investors as a bond financing, there is a high degree of likelihood that those stores could be turned around. We don’t have any Steak N Shakes in my community, but when I visit relatives in the midwest, I know I have enjoyed the food at the Steak N Shake I visited in their town. Their burgers and fries are the closest thing to an In N Out Burger I’ve found east of the Mississippi, and In N Out is the best burger joint in America. FULL STOP!
I work for one of the large food delivery companies and S & S wait times to pick up food is atrocious. It seem like they only start the orders once you arrive hence many customer complaints. They also have a very unfriendly staff. Every time I get a order from them now I just decline it. They are not worth it to get negative ratings.
Prior to the current management, SnS was a destination restaurant chain, providing a great dining and nolstalgic experience. They were also cash cows- you made money turning on the lights in the morning! But when an organization is centered around an individual (whose name is plastered on the Marquee, menus, and on the wall as you enter)- that culture and business model becomes unsustainable. Horrible to see a legacy die a slow death!
Steak and shake kills it in my town. Here in S.W Mo seam to be well run and very busy, but the cost of labor is about to go up dramatically before long and with such low profit margins in the food industry it will really hurt a lot of mom and pop business. Can you say 10.00 value meal. Look up the Big mack index.
No! Now because of the shut down, my boss had to fire our overnight crew (that’s me!) Because she doesn’t own enough of the company to allow is to keep our jobs and corporate FORCED her to lay us off. Now she’s struggling to keep business afloat. And NOW, theyre Talking about getting rid of the dine in, which defeats tye purpose of being a server! Have fun with that, I just want to go back to work, SNS, but corporate needs to do better!
At my last visit, a very tattooed girl was my waitress. I was with friends she knew and she sat with us on duty for a very long time. One employee was asleep in a booth. I never saw SnS as much more than a glorified McDonald’s. I gave them several chances to impress me. It never happened. What a shame.
SnS customer service is AWFUL! Went in once and had to sit at the counter because it was so packed. They made my order to go, not to eat in. Burger was wrong as well. I told the manager they did not listen to one thing I asked for. Since then have been back and while not that bad, still awful service.
Sad to hear, not because I had any plans of opening a franchise, let alone a Steak and Shake, but I used to like the restaurant and it doesn’t sound like it’s going to be around much longer. Back in the ’90’s any beach trip I took to Tampa Florida always included trips to Steak and Shake. I suppose there are plenty of people who have bought franchises and have operated them successfully but they never made much sense to me, they’re like a lazy way out. If person thinks they’re a business person, or truly is, why buy into someone else’s business dream? If you’re a real business person you come up with your own company and dream and make it happen. Run and operate your business, instead of having someone else tell you how to, where you have to buy supplies and products, and even what prices you have to charge, not to mention pay fees to them to do so.. The problem with most franchises, especially this one from the sound of it is, the owner is more concerned with raking in the dough for himself than really giving a damn about the business. Pathetically, that is what has happened to most of our big businesses anymore. Once the investment crowd started buying them out and taking them over the main focus became maximizing executive pay and investor returns. Screw the workers, put as little money as possible back into the business, and even screw the customers. A sure fire way to run a company into the ground, but if you do it right you can make a killing. Real business people create, build, and grow, they have a true passion, and like the old saying, you have to spend money to make money.
I have always felt they need to go back to the board n change some things that is not playing by right now ive always wanted to own one but i wanted a new better steak n shake into the future they need updates on things and restaurants too many new restaurants that have there original style and making more than them that is sad cant be picking when you not in the lead
Knowledge is power. The people crying about this website being “negative” are the same people who think free speech is selective. The same people who think remaking The Ghost Busters with an all female cast was a “good idea”. They insist on being ignorant and lack any form of critical thinking. Oh and they pretty much throw commitment, creativity and hard work out the window.
I am thinking about a new type of restaurants : eating-spots, in eating-spots, food keeps changing, chefs also rotate. this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days. menu is influenced by the live input of the people via an app.
love the article,but…i want to add something. I have ate at several and they all were busy, sometimes waiting for a seat,..and great service. Maybe some(or several) just had horrible managers or owner. The local one here in sedalia mo, is usually hopping. I’m sure they’re making money. I know when we go there i shell out probably $30-40 for my family. Yeah, kinda pricy,…but shakes ARE the best around.I read several of the ones available are quite honestly franchise owners who bail. I do love perusal all of your vids, but i dont see any of the bad stuff here or at other ones i’ve been at. I think it’s a case of some, or many soooo bad or bad location that not even Chef Ramsey could help….
Geat article up front is the key and when you try the franchise no one is gonna tell you why you shouldn’t only why you should. My question is for someone starting and willing to put the efforts into turning the reviews around on there franchise. Would it be a good one yr start to double there 10,000 and will 10,000 be all they would have to pay do they need more money for renovation and up keep or would it be heres my ten and now wheres my location and would it be ready
Woooow… i just saw one store in a great location, i thought…mmmmm… 10k? Great location what could go wrong??? I felt, there has to be more to the story it seems too good to be true… sad that the owner is only concerned about his huge compensating package while the rest suffer… this is a loosing battle.
Steak n Shake very well may have closed those locations to remove under performers off the balance sheets. They then could raise capital by selling the 200 units which could net $2 million. The strategy seems similar to selling hard assets only to lease them back and isn’t indicative of those closed locations being broken. They just night not fit within their new standards.
I’ve only ever patronized one Steak-n-Shake, but my experience encapsulates everything said here. When the location opened up years ago the service was exceptionally good, so good in fact that I would recommend that Steak-n-Shake to my friends. It was a very popular place to eat, and almost always busy. Then something changed. Service became slow, then horrible. I was eating at the counter one day, and observed a cook pick up a burger that had fallen on the floor, and put it on the grill. I notified the manager immediately and some other customer was spared. My impression though, was that the restaurant was understaffed, and those working there were lazy and/or not well trained. whether high turnover was high turnover due to low wages or a change in management I can’t say, but before long I could see just driving past that the parking lot stayed mostly empty. That unit in Robinson Township PA, is now one of the closed locations, with a sign out front proclaiming it a franchise opportunity. I’m sorry, but the corporation has already poisoned the market for it’s brand in that area. I think they’d have better luck putting a new name on the franchise stores, in order to disassociate from the name Steak-n-Shake.
I worked for S&S way back in the 1970’s. Then, the stores had the original architecture, a very limited menu, and curb service. The food quality was excellent too. I eventually worked my way up to “relief manager”, which was basically assistant to the assistant manager. It was a salaried position, so I never got any money for overtime. However, one night I had to call in sick, and guess what – they docked me a day’s pay. Upon receiving my paycheck, I handed in my keys and walked out. I still eat at S&S once in a while, because I still think the food is very good. However, service is very spotty. Some stores are consistently excellent, others are a mess. It will be a shame if they go under, but like the guy in “Office Space” said, “people can get a cheeseburger anywhere”.
I looked at the companies website and menu. Then compared it to habit, in and out and five guys. Steak ‘n Shake menu is not people friendly. It doesn’t look relaxing and inviting to grab food. It has a lot of options that no one knows who have tried it. This is the time for them to build a relationship with the people at home wanting to go grab a bite to eat. Time for their Public Relations family of 5, a family of 2, and a valedictorian who did not get a chance to graduate to build up their YouTube website with family, growing people in the community. They could do daily Mukbanks with their hamburgers and shake. They could turn this around with good food and family.
Biglari Holdings Inc. is the strangest company. The only way I can explain what business they are in is the CEO must have won them in poker games. 2 unrelated restaurants, a men’s mag (whatever that means now),a trucker’s insurance company and some sort of oil company in Louisiana. FWIW The food and service have always been good at any Steak ‘n Shake I have been to. Western Sizzlin’ was great before the new owners. Now there aren’t any near me. I suspect if you took over a run down S’nS, replaced the worn out equipment, retrained the employees and made it the best one in the chain they would kick you out (looks like they can do that for any reason they want) and then make it a corporate owned store again.
25 years in restaurants and SnS was the last straw. I could go on and on about…. no work life balance, very slim bottom lines at best, no corporate support just impossible goals, the decline in work ethics, absolutely horrid drama driven customers, the runaway increase of costs and the decrease in benefits.
They can’t even afford to give any of their employees raises anymore and lowered the amount they are hiring people at to $9.50 an hour, 50 cent decrease from a few months ago. Most stores aren’t 24/7 anymore as of this month, probably because they only see $100 in sales over night & most stores can only afford to pay 2-3 people to work the graveyard shift. The only big thing the stores have going for them is selling milk shakes for the cheapest prices in the country from 2-5 M-F. Steak N Shake will close in the next few years, or months with out a doubt.
I like that are you do is present the facts and let people see what they are getting into before they let their emotions make a terrible decision… It sounds to me from this article… That is soon as you turn that one franchise around. They could easily come in and say oh thank you for your hard work have a nice day we’ll take it from here and then you’re fucked
Im a SNS manager and franchising these places is NOT a good idea. Everything is broken, none of the stores are making money, split a 50% profit? The company has lost money for 10 quarters…. damage is done. Coming back will be hard. If you franchisr, your pay is going towards repairs and you may get paid after a year or two.
So give $10’000, take the training course, and get the guaranteed $100’000. That doesn’t sound bad to me. After 1 year I can just close the place and give it back to SteaknShake. I can cite many reasons to close it down like non-support from parent company, equipment too expensive, medical leave, etc. I mean am I missing something? If you’ve got a guaranteed $100’000 after a year, why not do it? Can someone reply if I’m seeing something wrong? Thank you.
The quality of Steak and Shake is not what it used to be. Which is the main reason customer visits are down. One time you will receive 5 star service. Then the next will be 1 star. My local Steak and Shake is a perfect example of this trend. Sad to see a brand that used to shine slowly die off into nothing… Will they fold? Yes, unless they focus more on the customer experience. And quality of the food they serve.
Me and a friend went to a steak and shake on Capital Circle in Tallahassee Florida one evening around 9pm. There was a total of 5 customers already in the restaurant. Waitress came over, we made our order, and 50 minutes later, still hadn’t gotten our food. We got up and left. BOTTOMLINE…SERVICE WAS HORRIBLE AND I WILL NEVER GO TO steak and shake AS LONG AS I LIVE!