Shake Shack logo

Shake Shack

Top 500 #48Modern Fast Casual BurgersNYSE: SHAK
420 Units•HQ: New York, NY•Est. 2004•Official Website •Verified: Sep 10, 2026 06:49:05 UTC

“Stand for Something Good”

Key Institutional Metrics

Verified commercial performance, store unit economics, and official regulatory disclosures

Systemwide SalesANNUAL
$2B
↑+2.5% 3-Yr CAGR

Total annual gross sales across all US franchised & company stores combined.

Source: CA DFPI / FDDFY2025
Total Store Fleet
420 Units
92% Franchised•8% Company

Standardized brick-and-mortar store count with verified GPS coordinates.

Source: Brand Directory2026
Store Volume (AUV)
$4.72M
Top 25%: $6.42M

Annual average sales for a single mature franchised store location.

Source: FTC Item 192025
Royalty & CapitalITEM 5/6/7
4.5% Royalty
Ad Fund: 3%

Initial investment: $2.20M – $4.80M.

Source: FDD Item 72025

Executive Intelligence Brief

Official Site

Shake Shack (NYSE: SHAK) is a publicly traded enterprise founded in 2004 and headquartered in New York, NY. Ranked #48 in US restaurant systemwide sales, it stands as a premier flagship in the Modern Fast Casual Burgers category, maintaining a physical footprint of 420 store locations (92% franchised). The brand generates an average unit volume (AUV) of $4.72M per store, backed by enterprise in-store technology and multi-platform digital delivery distribution.

Modern Fast Casual BurgersLimited-Service (LSR)92% Franchised
Ownership StructurePublic
HeadquartersNew York, NY
Founded2004 (22 yrs)
Executive LeadershipRob Lynch
Live Disclosures & Wire1 Active Records
expansion1d ago
El Pollo Loco hires Shake Shack vet as COO

figure div img src="https://imgproxy.divecdn.com/3_hWBg5er9Cs-VXwSCmKOG7Nx4WyY2eAh9ms9IDcd8E/g:ce/rs:fill:1600:900:1/Z3M6Ly9kaXZlc2l0ZS1zdG9yYWdlL2RpdmVpbWFnZS9leHRlcmlvci1hbmdsZS10b3JyYW5jZS1jYS5qcGc=.webp"/ /div /figure p Damon Thomas joins the chain as operations chief alongside Tara Hinkle, who is now the chain’s chief development officer, to support expansion into New York and beyond. /p

Source: Restaurant DiveRead on Restaurant Dive

Commercial Index

100% VERIFIED
FDD Item 19 Filing Indexed (2025)
Geocoded Locations420 Units
POS ArchitectureNCR
Delivery Multi-HomingDoorDash · Uber Eats
SBA Solvency RatingLow Risk (2.8% default)
API Standardx402 / REST / MCP
View JSON

Three Pillars of Commercial Health

Standardized unit economics based on FDD Item 19 filings and SBA lending solvency benchmarks

Unit Profitability
Tier-1
Average Unit Sales$4.72M
Store EBITDA Margin15.5%
Food & Paper Cost31.5%
Labor Cost Ratio29%
Commercial Economics Insight:Shake Shack maintains standardized unit economics typical of Tier-1 Modern Fast Casual Burgers franchise networks with disciplined prime cost management.
System Expansion
+2.5% CAGR
Systemwide Sales$2B
Net Additions+13 Units
3-Yr Unit CAGR2.5%
International Share8%
Expansion & Scale Insight:Targeted footprint expansion in high-density suburban corridors and digital drive-thru pickup configurations.
Franchisee Solvency
Low Risk
SBA Default Rate2.8%
Capital Payback3.9 Yrs
Agreement Term10 Yrs
Renewal Rate94.5%
Lender Risk & Solvency:Historical SBA loan performance reflects solid debt service coverage (DSCR > 1.35x) across seasoned multi-unit operators.

5-Year Performance & Footprint Trend

Historical progression of total units, average unit volume (AUV), and systemwide sales

$3.96M
2020
$4.3M
2021
$4.53M
2022
$4.67M
2023
$4.72M
2024
2024 Total Fleet420 Units
2024 Average AUV$4.72M / yr
2024 System Sales$2B

Developer & Agent Endpoint

curl -s "https://franchisedata.io/api/brands/shake-shack/locations?limit=25"

Queries up to 50 store locations with GPS coordinates, POS hardware, delivery links, and operational status. Supports ?state=CA, ?city=..., ?zip=..., ?drive_thru=true.