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| Brand | Steak n Shake By Biglari Full-Service Restaurants Remove | Ivan Ramen Full-Service Restaurants Remove |
|---|---|---|
| Vitals | ||
Investment range | $316K – $2.7M | $1.0M – $2.0M |
Liquid capital | $15K – $20K | $150K – $300K |
Franchise fee | $25K | $35K |
Royalty rate | 4.0% | 5.0% |
Ad fund rate | 1.0% | 1.5% |
| Performance | ||
Avg gross sales | $1.8M | N/A |
Median gross sales | $1.7M | N/A |
Avg owner earnings Metric varies by brand. Check type below | $386K | N/A |
Earnings metric | Net Income | Not classified |
| Risk | ||
Rating | ATop Quintile | FBottom Quintile |
Risk score | 5 / 100 | 100 / 100 |
SBA charge-off rate | 0.0% | N/A |
SBA loans on record | 12 | N/A |
| Scale | ||
Total units | 406 | 1 |
Net change (latest yr) | N/A | N/A |
Turnover rate | 9.6% | 100.0% |
| Contract | ||
Initial term (years) | 10 | 10 |
Renewal term (years) | 5 | 10 |
Initial training (hrs) | 250 | 106 |
| Contacts | ||
Franchisee phones | 92 | 3 |
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