Steak n’ Shake in College Town SnS statesboro front 3

Reference ID#: 1085
Industry: Food/Beverage
Location:

Financial Information

Asking Price: $495,000
Annual Receipts:
Cash Flow:
Sellers Discretionary Earnings
FF&E: $150,000
Inventory: $8000
Real Estate Available? No
Value of Real Estate

Business Summary

This Steak n’ Shake business was opened in 2012 and is well located in the very popular college town of Statesboro, Georgia. This restaurant is visible from the freeway, surrounded by many national tenants, and 2.5 miles from Georgia Southern University making it very convenient to serve its 28,000 hungry students. This freestanding restaurant is 3,512 sq. ft with ample parking. The modern décor and excellent condition of this Steak n’ Shake are visually appealing to restaurant guests. This location offers drive-thru and dine-in service, seating up to 90 customers at one time. Steak n’ Shake is famously known for its steak burgers and hand-dipped milkshakes. The Steak n’ Shake concept continues to grow strong, serving the country’s best, freshest, and tastiest burgers and shakes. Franchise History: Steak 'n Shake, a classic American brand, was founded in 1934 in Normal, Illinois by Gus Belt who pioneered the concept of premium burgers and milkshakes. For over 80 years, the company’s name has been symbolic of its heritage. The word “steak” stood for steakburger. The term “shake” stood for hand-dipped milkshakes. Gus was determined to serve his customers the finest burgers and shakes in the business. To prove his point that his burgers were exceptionally prime, he would wheel in a barrel of steaks (including round, sirloin, and T-bones) and grind the meat into burgers right in front of the guests. Hence arose the origin of their famous slogan, “In Sight It Must Be Right." Today, Steak 'n Shake remains the “better burger” leader, serving premium 100% beef steakburgers, hand-dipped milkshakes, thin crispy fries, and more. Steakburgers are made without preservatives or artificial ingredients, topped with fresh produce, and always hand-crafted to order.

Facilities

The business is located is a 3,512 sq. ft. freestanding building with a drive thru. The building is in excellent condition with modern decor.

General Information

Franchise: Yes
Homebased: No
Relocatable: No
Year Established: 2012
Year Acquired: 2018
Number of Employees: 25

For more information, please contact us at 1 (888) 415-5118.