Steak n Shake shuts its doors

Staff Written Community

By Tia Lynn Ivey

managing editor 

Thirty-three people lost their jobs in Madison last Saturday when the local Steak ‘n Shake restaurant located at 2011 Eatonton Road shut its doors.

According to Steak ‘n Shake General Manager Stedman Taylor of Rutledge, employees received little notice of the closure.

The restaurant’s Madison real estate is owned by Steak ‘n Shake franchisee Madison SNS, LLC, according to property records. 

  Taylor who began working at the restaurant nine months said several local businesses have contacted him about job openings for employees. “It means a lot that the community is reaching out,” said Taylor, a Morgan County High School graduate and 2008 Class President.

The Steak N’ Shake, located at 2011 Eatonton Road in Madison, opened over five years ago in December of 2013. Owner Benjamin Carter Jr., an Atlanta-based developer with family roots in Madison, opened the popular burger-chain to much local public fanfare. Carter could not be reached for comment as of press time on Tuesday, April 30.. Prior to closing, the restaurant’s most recent health inspection score was 98A. 

Elsewhere, some 31 franchisor or corporate-owned Steak ‘n Shake locations were closed in several states in March, according to reporting in Restaurant Business Magazine. The article said some of those locations, owned by San Antonio-based investment firm Biglari Holdings, were closed to prepare them for franchisees to take over ownership of the restaurants.

Restaurant industry trade magazine QSR recently reported the chain’s same store sales declined 5.1 percent last year – marking three consecutive years of negative sales reports.

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