20 Restaurants And Chains That May Close In 2020

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Steak And Shake

Source: https://www.qsrmagazine.com

The founder Gus Belt was so proud of his prime steak burgers, that he wheeled-in sirloins and T-bones and ground them in full view of his customers. It created a following, and the restaurant grew. But the 85-year old chain can’t seem to “shake” off the blues. It may shock you to realize how many locations have been closed prior to 2020. Shareholders were informed that outdated equipment and poor kitchen design have contributed to a loss of $2.6 million last year. While it was known for its affordable meat options and thick milkshakes in Indiana, it seems that people in Indiana no longer crave for the offerings of Steak and Shake. Over 100 outlets have been closed down.The company says they are “temporarily” closed, but that many? Get real.