Chef Anthony Russo, CEO/founder of Russo’s New York Pizzeria and Italian Kitchen, grew up going to his grandmother’s house every Sunday in a small New Jersey town. By Cindy Charette
At Daily Jam, the innovative brunch concept that serves omelettes, pancakes, breakfast sandwiches and more, you’ll find seven different types of mimosas. Infused with strawberry and basil, or steeped in grapefruit and sage, the flavorful champagne-based beverages are made with locally sourced fruits and other high-quality ingredients. By Jessica Jones
— Strong Unit Economics
— New Growth Trajectory
— The debt-free company launches a new era of growth
INDIANAPOLIS — Steak n Shake announced today that it is opening 12 new restaurants by the end of the first quarter of 2021. This is in addition to the 33 restaurants Steak n Shake opened in the fourth quarter of 2020. The company is on a growth trajectory, with robust new unit economics. The company recently became debt-free, making Steak n Shake one of the strongest companies in the restaurant industry.
Steak n Shake had previously closed restaurants that did not deliver excellent customer service. With the advent of its new owner-operator model, Steak n Shake intends to award every restaurant to an operator who provides legendary customer service. Unlike a typical franchising opportunity, which could cost over $2 million, Steak n Shake’s program requires that an aspiring owner-operator invest a total of $10,000 and demonstrate exemplary service as an operator. Steak n Shake is making the American Dream a reality for those with talent and passion.
In 2020, Steak n Shake owner-operators earned, on average, $161,000 in their first year. Some are on their way to earning over $300,000. Today, there are 100 owner-operators, and each one is a true American success story. Steak n Shake encourages every general manager in the hospitality industry to apply if they are interested in working for themselves. (To apply, please visit steaknshakefranchise.com)
Says Steak n Shake CEO Sardar Biglari, “By paving the way for franchise partners to live the American Dream, we are providing them an opportunity to attain financial liberty. A salient point for those who become America’s ablest restaurant operators is that neither birth nor pedigree, ethnicity nor religion is an obstacle to success. A franchise partnership is a passport that cannot be purchased but only earned. It takes talent along with the passion to serve others, a rare combination that is woven into the character of each individual we accept.” He adds, “Doubtless, a good number of our partners will become millionaires. But make no mistake: We are not minting millionaires but are merely providing the means — they are earning every penny.”
“I made back my initial investment in the first month of being a franchise partner,” says Press McDonald of St. Louis, MO. “It was the best investment of my life. Other franchises have such a high barrier to entry that, as an aspiring entrepreneur, it feels impossible. Steak n Shake gives people like me a chance, and today I earn in two months at Steak n Shake what I made in a year at my previous job.”
Steak n Shake is also investing significant sums to remodel all of its restaurants. Over the course of the last twelve months, the company has fixed its unit economics. As the originator of the Steakburger and a legendary milkshake, it is poised to grow throughout the United States. Steak n Shake owns much of its real estate and is aided by the inherent advantage of being owned by a strong parent company, Biglari Holdings.
About Steak n Shake Inc.
Steak n Shake, born in 1934 on Route 66, is as American as apple pie. It is the originator of the Steakburger and a legendary milkshake, which together have been the company’s gustatory stars for 87 years…and counting. With over 500 locations across the globe, Steak n Shake is the recipient of numerous awards, including the Nation’s Restaurant News Golden Chain Award and Zagat’s #1 Voted Milkshake. Steak n Shake Inc. is a wholly owned subsidiary of Biglari Holdings Inc. For more information, please visit steaknshake.com and follow us on Instagram, Facebook, and Twitter @steaknshake.
Although Berekk Blackwell is the president of Daily Jam, he cannot help but think back to what drew him in initially as a customer. According to Blackwell, Daily Jam had a good reputation in the community, possibly due in part to the undeniably warm, happy, and contagious vibe customers felt once inside. By Cindy Charette
Daily Jam is best described as a beloved neighborhood destination for breakfast, brunch and lunch favorites, as well as an integral part of its community. In fact, one of the six equally important core values embedded into the franchise culture is serving and contributing to the community, said Daily Jam president Berekk Blackwell. And that has never seemed more relevant than during the pandemic. By Cindy Charette
We’re living through difficult, if not disturbing, times. Many businesses across the globe are struggling, none more so than those in the restaurant industry. With this backdrop, Daily Jam remains focused on its mission “to be fully committed to our community.” By Mike Grecky
There is a noticeable difference with Island Fin Poké’s fresh, healthy, and cutting-edge Hawaiian-style poke bowls, explains Founder and CEO Mark Setterington. While he thinks that he may be biased because Island Fin Poké is his “baby,” he hears such positive remarks from guests on a daily basis as well. By Cindy Charette
Richmond Pita Pit Grand Opening is Friday with $5 Pitas, Serving Fresh-Grilled Flavor-Filled™ Food to VCU Students and the Downtown Areas
RICHMOND, Va. — Virginia Commonwealth University (VCU) students have a new place to work and eat in downtown Richmond as Jordan Anderson prepares for the grand opening of his very own Pita Pit, the alternative fast-food option that’s healthy and flavorful. The grand opening will take place Friday, February 28th at the restaurant location: 815 W. Cary Street near the VCU campus.
Anderson knew he wanted to open a business ever since watching CBS’s Undercover Boss. “I remember thinking it’s something I could do one day,” he said in an interview on his opening day.
The downtown Richmond area and VCU campus will enjoy $5 pitas all day February 28th to celebrate. “I’m also employing a lot of students,” said Anderson, “they are great ambassadors who support a healthy lifestyle. Go Rams!”
Consumer eating trends have shifted toward healthier options and Pita Pit has created an entire culture and proven franchise system to meet the growing demand. Pita Pit franchising is a great way to become part of the booming restaurant industry.
The fresh made-to-order pitas are completely customizable and Anderson couldn’t choose one favorite. Instead, he said he loves the gyro and chicken pesto. He added that Pita Pit includes Mediterranean options without pine nuts which is great for those with allergies.
I have fond memories of eating at the Pita Pit in my hometown of Mason City, Iowa so this is a dream come true,” said Anderson. “The Pita Pit franchise model gives me all the tools I need to be successful.”
About Pita Pit
Since opening its first restaurant in the U.S. in 1999, Pita Pit Inc. has continued to grow as one of the healthiest restaurant franchises in the country. Offering a healthier and more flavorful alternative to traditional fast-food, Pita Pit’s made-to-order pitas feature a customizable mix of freshly grilled protein, vegetables, cheeses and zesty sauces all flavorfully rolled into a delicious pita or salad. The company was founded in Ontario, Canada in 1995 and now boasts more than 580 locations across 11 countries, in 2019 Pita Pit landed on Entrepreneur Magazine’s Franchise 500 list. Learn more at www.pitapit.com.