Steak ‘n Shake Is Turning Off Some Griddles
In 1934, the casual burger chain Steak ‘n Shake was founded by Gus Belt in Normal, Illinois. The most popular items, you guessed it, were steakburgers and hand-dipped milkshakes. In the beginning, the chain did very well, with restaurants throughout America, Southwest Europe, and the Middle East. Belt’s chain was eventually bought by the owner of Maxim magazine, Sardar Biglari.
Currently, the chain has 628 restaurants, 214 of which are franchised. Even with all of the locations, several dozen of the restaurants are going to be shut down temporarily until they can find a new partner to open them back up in 2020.