Ivan Ramen vs Steak n Shake By Biglari
Franchise Comparison 2026
Both Ivan Ramen and Steak n Shake By Biglari are full-service restaurants franchises. Ivan Ramen requires an investment of $1.0M – $2.0M while Steak n Shake By Biglari requires $316K – $2.7M. Steak n Shake By Biglari discloses average revenue of $1.8M; Ivan Ramen does not report Item 19 data. Steak n Shake By Biglari has SBA lending data on file with a 0.0% charge-off rate. FranchiseVerdict rates Ivan Ramen F (Bottom Quintile) and Steak n Shake By Biglari A (Top Quintile).
| Metric | Ivan Ramen | Steak n Shake By Biglari |
|---|---|---|
| Verdict Grade | FBottom QuintileBottom Quintile | ATop QuintileTop Quintile |
| Investment Range | $1.0M – $2.0M | $316K – $2.7M |
| Franchise Fee | $35K | $25K |
| Royalty Rate | 5.0% | 4.0% |
| Average Revenue (Item 19) | N/A | $1.8M |
| SBA Charge-Off Rate | N/A | 0.0% (12 loans) |
| Total Units | 1 | 406 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2021 | 1939 |
| FDD Year | 2025 | 2025 |
Investment Range
$1.0M – $2.0M
$316K – $2.7M
Franchise Fee
$35K
$25K
Royalty Rate
5.0%
4.0%
Average Revenue (Item 19)
N/A
$1.8M
SBA Charge-Off Rate
N/A
0.0% (12 loans)
Total Units
1
406
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2021
1939
FDD Year
2025
2025