QSR June 2023

Do you want to be an OWNER? total investment 10k • Go into business for yourself, not by yourself • Average owner earned over six figures* • Ability to demonstrate the gold standard in service

*Based on the average annual earnings of 82 Steak ʻn Shake Franchise Partner Program franchisee outlets opened and operating for 12-months or more during the two-year period ending December 29,2021, as published in our April 29, 2022 Franchise Disclosure Document. Of these 82 outlets, 34 (40.6%) met or exceeded $136,933 annual average earnings. However, your individual results may vary and there is no assurance that you will do as well.

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