Parsad Posted September 2, 2009 Share Posted September 2, 2009 Barron's has an article on Sardar, Steak'n Shake and his recent buy. http://online.barrons.com/article/SB125184183921777483.html On another note, one of our partners wanted to buy some underperforming Steak'n Shake restaurants as a lease buyback through a consortium of investors he's involved with. I put him in touch with Steak'n Shake and he spoke to their franchise manager. Our partner told us they have no restaurants they want to part with...company-owned or franchised. I'm guessing the assets for sale are assets they want to get rid of period, but they seem to think that their existing stores (franchised or company-owned) seem to all be completely viable in their own hands. In other words, I wouldn't look to see many more store closings, but more likely expansion of the business. Pretty amazing! I would also expect this quarter's traffic numbers to be on par with last quarter or better. Cheers! Link to comment Share on other sites More sharing options...
Recommended Posts