Steak 'n' Shake going out of business?

Brian D. · 03-27-2019, 10:46 AM

Around here, they (after giving employees three hours' warning) shut down all their locations at 8pm. Sign on the door stated they were converting them all from company to franchisee stores. From here in Cincytucky, all the way to north of Dayton, Ohio.

I did some news digging. Doesn't sound like they have the franchisees lined up, or even on the horizon anyplace. I really feel bad for the employees, but sudden shutdowns like that seem to be standard practice in their industry. Darn shame, I really liked grabbing breakfast or lunch at the one closest to my house.

mosesbotbol · 03-27-2019, 01:25 PM

I wonder if they own or lease most of their locations?

Are there franchise SnS businesses that are already operational in other locales?

The Poet · 03-27-2019, 07:04 PM

If you google this, you will find stories stating the closures are temporary as they transition from a corporate-owned company to a franchise business model. One report I saw said you could "own" your local place with a franchise fee of only $10,000, plus a commitment to 6 months of training. Considering, that sounds like a bargain.

hudd · 03-27-2019, 07:40 PM

One on west side of Hamilton closed up a couple months ago. Went by the other day and their remodeling it.

icehog3 · 03-28-2019, 02:10 AM

Quote:

Originally Posted by The Poet

If you google this, you will find stories stating the closures are temporary as they transition from a corporate-owned company to a franchise business model. One report I saw said you could "own" your local place with a franchise fee of only $10,000, plus a commitment to 6 months of training. Considering, that sounds like a bargain.

It really does, if I knew anything at all about the food business, there's one a mile from my house. But I don't know squat about it.

elderboy02 · 03-28-2019, 08:33 AM

I was never a fan. The one by my house always had a ton of critical health code violations

mosesbotbol · 03-29-2019, 12:01 PM

Never been to one or if I had; that is how memorable it was...

icehog3 · 03-29-2019, 03:06 PM

Quote:

Originally Posted by mosesbotbol

Never been to one or if I had; that is how memorable it was...

Loved it when I was a little kid, there weren't any in Detroit, but we would always go to one in Clearwater Florida when we'd visit my grandparents. Definitely doesn't hold the same attraction as an adult.

03-27-2019, 10:46 AM	#1
Brian D. Have My Own Room Join Date: Jan 2009 First Name: Brian Location: SW Ohio Posts: 1,617 Trading: (1)	Steak 'n' Shake going out of business? Around here, they (after giving employees three hours' warning) shut down all their locations at 8pm. Sign on the door stated they were converting them all from company to franchisee stores. From here in Cincytucky, all the way to north of Dayton, Ohio. I did some news digging. Doesn't sound like they have the franchisees lined up, or even on the horizon anyplace. I really feel bad for the employees, but sudden shutdowns like that seem to be standard practice in their industry. Darn shame, I really liked grabbing breakfast or lunch at the one closest to my house. __________________ Any gathering that includes Elderboy02 is "NKA"-- --No Ketchup Allowed.

03-27-2019, 01:25 PM	#2
mosesbotbol That's a Corgi Join Date: Oct 2008 First Name: Moses Location: Boston Posts: 6,171 Trading: (6)	Re: Steak 'n' Shake going out of business? I wonder if they own or lease most of their locations? Are there franchise SnS businesses that are already operational in other locales? __________________ Port Wine & Claret \| British Cars \| Welsh Corgi's

03-27-2019, 07:04 PM	#3
The Poet Il megglior fabbro Join Date: Jun 2009 First Name: Thomas Location: Hickory, NC Posts: 8,420 Trading: (2)	Re: Steak 'n' Shake going out of business? If you google this, you will find stories stating the closures are temporary as they transition from a corporate-owned company to a franchise business model. One report I saw said you could "own" your local place with a franchise fee of only $10,000, plus a commitment to 6 months of training. Considering, that sounds like a bargain. __________________ Ninety percent of everything is crap - Theodore Sturgeon.

03-27-2019, 07:40 PM	#4
hudd Still Watching My Back Join Date: Mar 2013 Posts: 210 Trading: (0)	Re: Steak 'n' Shake going out of business? One on west side of Hamilton closed up a couple months ago. Went by the other day and their remodeling it.

03-28-2019, 08:33 AM	#6
elderboy02 Lets Go Buckeyes! Join Date: Oct 2008 First Name: Dan Location: Cincinnati, OH Posts: 12,508 Trading: (133)	Re: Steak 'n' Shake going out of business? I was never a fan. The one by my house always had a ton of critical health code violations

03-29-2019, 12:01 PM	#7
mosesbotbol That's a Corgi Join Date: Oct 2008 First Name: Moses Location: Boston Posts: 6,171 Trading: (6)	Re: Steak 'n' Shake going out of business? Never been to one or if I had; that is how memorable it was... __________________ Port Wine & Claret \| British Cars \| Welsh Corgi's