Beloved Burger Chain Steak 'n Shake Continues Its Closing Spree

The burger chain has been closing locations for years.

To make matters worse, not all of Steak 'n Shake's 493 restaurants are currently operational. Of the brand's 172 company-owned restaurants, 36 were closed as of March 31 this year, according to the Biglari report. Steak 'n Shake has contracted to sell seven of those 36 stores and listed another 17 with real estate brokers for lease or sale. Biglari said it plans to refranchise the remaining closed stores.

It remains unclear if Steak 'n Shake will be able to avoid even more restaurant closures in the future, but in the meantime, the brand isn't compromising on its ambitious goals to be the best in the business. "Our aim is to be the most productive, hospitable restaurant company in the industry," Biglari said in the letter to shareholders.Zoe Strozewski is a News Writer for Eat This, Not That! A Chicago native who now lives in New Jersey, she graduated from Kean University in 2020 with a bachelor’s degree in journalism.

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