Steak n Shake customer traffic up in latest quarter
Biglari Holdings Inc., parent of Steak n Shake, said Friday that customer traffic to the restaurant chain grew 2.2 percent during the quarter ended July 4, boosting same-store sales 2.9 percent.
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Steak n Shake woos real estate pros
Steak n Shake made a big splash at the International Council of Shopping Centers deal-making convention in Las Vegas as it pushes an aggressive plan to grow via franchising.
Federal court to hear Steak n Shake franchisee appeal
The case involves an Illinois franchisee of Steak n Shake that successfully sued the company over its mandatory menu and pricing policies. The company’s appeal is set to be heard Wednesday by a federal appeals court in Chicago.
Signature Inns founder plans auto-care franchises
Honest-1 Auto Care hopes to open as many as 20 shops in Indiana over five to seven years and has tapped the founder of the Signature Inns chain to help lead the effort.
First-quarter profit, revenue flat for Noble Roman’s
The pizza franchisor earned $365,079 in the quarter ended March 31. But it continues to see more growth from take-n-bake products in grocery stores.
Noble Roman’s top investor loses Green Mountain chair
Green Mountain Coffee Roasters Inc. has stripped founder Robert P. Stiller of his position as chairman after he sold shares to meet a margin call at a time when the company’s trading policies prohibited such sales.
Popeyes plans new restaurants in Indianapolis area
Atlanta-based restaurant chain discloses most of the seven to nine new restaurants planned this year will be in the Indianapolis area.
Local Golden Corral locations change hands
Six area all-you-can-eat restaurants owned by Cincinnati-based Frisch's Restaurants Inc. will be sold to North Carolina firm.
Purdue graduate takes top job at McDonald’s
McDonald’s Corp. said Chief Operating Officer Don Thompson, who grew up in Indianapolis and graduated from Purdue University, will take over as CEO, becoming the first black chief of the world’s largest restaurant chain.
Annual profit, revenue rise for Noble Roman’s
Noble Roman’s saw royalties and fees from traditional franchises decrease last year, but royalties and fees from non-traditional franchises increased, and the company saw more growth from take-n-bake products.
Mike’s Carwash ownership trial gets under way
The private company and principals Bill and Mike Dahm are defendants in the lawsuit brought by Jerry Dahm, a cousin who once owned 35 percent of the company and claims he was forced to sell his shares at a discounted rate.
Ryan’s, Old Country Buffet parent files for bankruptcy
Buffets Restaurants Holdings, which operates at least three restaurants in the Indianapolis area, has filed for Chapter 11 bankruptcy protection for a second time and plans to close 81 underperforming eateries.
Edible Arrangements franchisee opens third location
Retha Parsley owns three franchises for Edible Arrangements, a fruit-bouquet-delivery business, including a new downtown location that also sells in-store dipped fruit, fruit smoothies and fruit parfaits.
CEO: Steak n Shake poised for global growth
In his annual letter to shareholders, Sardar Biglari says he has commitments for 110 new franchises and thinks the Indianapolis-based restaurant chain could take its concept overseas.
Sky Zone trampoline center bounces into Fishers
Sky Zone, a franchised all-trampoline indoor recreational complex operated by Jeff Mast, opens Monday in Fishers at Cumberland Road and East 121st Street, just south of Interstate 69.
Airport snags growing eyebrow boutique
Simply Eyebrows is joining Indianapolis International’s heralded collection of retailers.
Buffalo Wild Wings franchisee sells 16 area restaurants
The Indianapolis-based Franchisee Group sold the area restaurants to Consolidated Wings Investment LLC in Greenwich, Conn., led by the former president of the Papa John’s pizza chain.
New tenant commits to take former Jillian’s space downtown
Tilted Kilt, a chain of Celtic sports pubs known for its scantily clad, kilt-wearing waitresses, will take over the spot at the northeast corner of Meridian and Georgia streets.
Rally’s planning to add up to 30 local restaurants
The owner of the drive-through focused burger chain Rally’s, which got its start in southern Indiana, hopes to double the number of locations in the Indianapolis area.
Jack in the Box revives local expansion push
The burger chain has applied for zoning approval to build a restaurant near 16th and Meridian streets, just south of CVS drugstore. It would be one of 10 stores it plans to open here.