Crab N Spice vs Steak N Shake
Franchise Comparison 2026
Both Crab N Spice and Steak N Shake are full-service restaurants franchises. Crab N Spice requires an investment of $396K – $892K while Steak N Shake requires $259K – $998K. Steak N Shake has SBA lending data on file with a 15.2% charge-off rate. FranchiseVerdict rates Crab N Spice A (Strongest tier) and Steak N Shake B (Above average).
| Metric | Crab N Spice | Steak N Shake |
|---|---|---|
| Verdict Grade | AStrongest tierStrongest tier | BAbove averageAbove average |
| Investment Range | $396K – $892K | $259K – $998K |
| Franchise Fee | $20K | $10K |
| Royalty Rate | 6.0% | Not a simple percentage royalty. Franchise Partner pays a "System Fee" equal to the Established Percentage (up to 15%) of monthly Gross Receipts minus equipment rental and Admin Services Fee, plus an "Additional System Fee" equal to 50% of the Restaurant's monthly Net Profit; franchisee retains a contractual Minimum Profit ($1,000/month) plus 50% of Net Profit as "Additional Profit." |
| Average Revenue (Item 19) | N/A | N/A |
| SBA Charge-Off Rate | Limited data | 15.2% (38 loans) |
| Total Units | 9 | 387 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2019 | 1939 |
| FDD Year | 2025 | 2026 |
Investment Range
$396K – $892K
$259K – $998K
Franchise Fee
$20K
$10K
Royalty Rate
6.0%
Not a simple percentage royalty. Franchise Partner pays a "System Fee" equal to the Established Percentage (up to 15%) of monthly Gross Receipts minus equipment rental and Admin Services Fee, plus an "Additional System Fee" equal to 50% of the Restaurant's monthly Net Profit; franchisee retains a contractual Minimum Profit ($1,000/month) plus 50% of Net Profit as "Additional Profit."
Average Revenue (Item 19)
N/A
N/A
SBA Charge-Off Rate
Limited data
15.2% (38 loans)
Total Units
9
387
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2019
1939
FDD Year
2025
2026