Steak n Shake By Biglari vs Ivan Ramen
Franchise Comparison 2026
Both Steak n Shake By Biglari and Ivan Ramen are full-service restaurants franchises. Steak n Shake By Biglari requires an investment of $316K – $2.7M while Ivan Ramen requires $1.0M – $2.0M. 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 Steak n Shake By Biglari A (Top Quintile) and Ivan Ramen F (Bottom Quintile).
| Metric | Steak n Shake By Biglari | Ivan Ramen |
|---|---|---|
| Verdict Grade | ATop QuintileTop Quintile | FBottom QuintileBottom Quintile |
| Investment Range | $316K – $2.7M | $1.0M – $2.0M |
| Franchise Fee | $25K | $35K |
| Royalty Rate | 4.0% | 5.0% |
| Average Revenue (Item 19) | $1.8M | N/A |
| SBA Charge-Off Rate | 0.0% (12 loans) | N/A |
| Total Units | 406 | 1 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 1939 | 2021 |
| FDD Year | 2025 | 2025 |
Investment Range
$316K – $2.7M
$1.0M – $2.0M
Franchise Fee
$25K
$35K
Royalty Rate
4.0%
5.0%
Average Revenue (Item 19)
$1.8M
N/A
SBA Charge-Off Rate
0.0% (12 loans)
N/A
Total Units
406
1
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
1939
2021
FDD Year
2025
2025