Shake Shack Franchise Cost, Fees & Revenue 2024

Are you looking to open up a Shake Shack franchise? This reliable and popular fast-food restaurant has become highly sought-after, with people seeking out these delicious milkshakes and burgers.

If you’re interested in franchising Shake Shacks or even just considering it as an opportunity for yourself, this blog post is for you.

Here we provide information about the costs associated with opening a Shake Shack franchise, discuss the benefits of doing so, and explore potential drawbacks to owning such an establishment.

Shake Shack Franchise

Interested In Shake Shack Franchise?

shake-shack-store
Meineke-Franchise

History of Shake Shack

Shake Shack is an American fast-casual restaurant chain founded by Danny Meyer in 2004.

It began as a hot dog cart in Madison Square Park and has since expanded to more than 250 locations across the United States and international outposts in London, Istanbul, Dubai, Toronto, Tokyo, Moscow, and Hong Kong.

In 2004, Shake Shack opened its first location in New York City’s Madison Square Park with Morgan’s Hot Dogs LLC, a stand created by 11-year-old entrepreneur Max Goldberg that was later bought by Danny Meyer.

Meyer wanted to create an environment where people could relax and have fun while enjoying great food and drinks.

Under his leadership, the chain grew exponentially through 2013, when it announced its IPO.

In 2016, the chain opened its first international location in London’s Covent Garden, and since then has added locations in Istanbul, Dubai, Toronto, Tokyo, Moscow, and Hong Kong.

In 2017 they entered into a partnership with UberEATS to expand delivery options to their customers.

The company also produces frozen confections, such as ice cream sandwiches and concrete mixers.

The menu includes burgers, flat-top dogs, crinkle-cut fries, and shakes made from premium ingredients like antibiotic-free beef patties and all-natural sugar cane sodas.

Shake Shack continues to be dedicated to high-quality products combined with an enjoyable atmosphere for customers.


About The Shake Shack

Shake Shack is more than just a regular hamburger establishment; it also provides a fine dining experience costing roughly $5.50 per burger to compensate for higher-quality ingredients and higher wages for its employees.

Even though their menu restricts to only five burgers, they emphasize quality over quantity by offering gourmet burgers free of additives.


Menu Of Shake Shack

Shake Shack has created a delectable menu that keeps consumers returning.

There are hot dogs, beef burgers, fried chicken burgers, and crinkle-cut fries to choose from according to your choice.

On the other hand, Shake Shack knows its unique dessert menu consisting of frozen custard items.

In addition, its standard menu item makes with high-quality ingredients, such as 100 percent Aberdeen Angus beef from grass-fed cows on UK meadows.


Shake Shack Revenue & Profit

Shake Shack does not offer franchising, so there is no information is available regarding its franchised revenue and profit.

However, it made $1.03 billion in the last quarter of 2023, showing an increase of 15.47%.


Does Shake Shack offer Franchising or Licensing Opportunities?

Shake Shack operates differently from a typical franchise model. While they do have partnerships with exclusive operators outside of the U.S. who license and run Shake Shack locations, they do not franchise within the U.S. nor do they have any plans to do so in the future.

Therefore, Shake Shack can be considered a company that utilizes licensing agreements with selected partners rather than a traditional franchise.

Aspiring entrepreneurs in the fast food franchise realm have choices like Steak ‘N Shake, Fatburger Franchise, Slim Chickens Franchise, Culver’s Franchise, and Quizno’s Franchise to consider.


Shake Shack Alternatives

CompanyJollibeeSteak N Shake 
Founded In19781934
Initial Investment$450,000 – $800,000$1,476,250 to $2,420,500
Franchise-FeeN/A$25,000
Total Outlet1300600
Annual Revenue$154 Billion$263.14 Million

Frequently Asked Questions 

Is Shake Shack a Franchise or Corporation?

Currently, Shake Shack doesn’t offer franchises, but some of its units are operated via licensing agreements.

How much does a Shake Shack franchise Cost?

Currently, Shake Shack is not offering a franchise; therefore, no information is available related to the cost of the Shake Shack franchise.

Who is the owner of Shake Shack?

Shake Shack is owned and operated by the Union Square Hospitality Group, founded by renowned restaurateur Danny Meyer.

6 thoughts on “Shake Shack Franchise Cost, Fees & Revenue 2024”

  1. I am very interested in owning a Shake Stack restaurant/pub, i live in Nova Scotia Canada & am a 20 year veteran of the Canadian Armed Forces, Nova Scotia is a very young University province & has a large Immigrant Community, also has a large senior retiree community that attracts a lot of tourists , we can chat some more, i will forward my info to you. Hoping to hear from you.
    Cheers
    Louis DeSouza

    Reply
    • Hi Louis, we do not represent Shake Shack so you’d have to get in touch with the company directly if you want to buy this franchise and find more info.

      Reply
  2. Bonjour je suis retraité et serais intéressé par la franchise shake shack , savoir le prix de franchise, les modalités. Pour la ville de sherbrooke province de Québec, Canada, merci.

    Reply

Leave a Comment