UPDATE: Why are Peoria Steak n’ Shake restaurants closing?

PEORIA, Ill. (WEEK) — Half of Peoria’s Steak n’ Shake restaurants are among the slew of the burger chain’s locations closing across the country.

The Steak n’ Shake location at 7715 N. University in North Peoria closed in late January for remodeling. However, few signs of work are evident at the location as of late April. A few weeks ago, a second Steak n’ Shake at 5036 N. Big Hollow also closed for remodeling.

Both locations are listed as “temporarily closed” on Steak n’ Shake’s website.

Locations at the Shoppes at Grand Prairie and 3315 N. University remain open, as well as locations in East Peoria, Morton, Pekin, Bloomington, Normal and Galesburg.

Via social media, the company said that it has “temporarily closed select locations and they will reopen under new franchise agreements” in response to queries about the two closed Peoria locations.

Last August, Steak n’ Shake announced it would seek to franchise more than 400 existing, company-run restaurants for a down payment of $10,000. As part of the franchising program, applicants must complete a six-month training course with Steak n’ Shake.

Unlike many chain restaurants, Steak n’ Shake owns and operates many of its locations. It is unclear which locations are owned and operated by Steak n’ Shake itself in the Peoria area. Peoria County property tax records suggest Steak n’ Shake owns both University locations outright, while the other two buildings appear to be under different ownership. It is unclear if the company operates those other two locations.

The first Steak n’ Shake opened in Normal in 1934. The company later relocated its corporate headquarters to Indianapolis.

Tim Shelley

Tim Shelley

Social Media & Digital Content Manager
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