Nov 25, 2009
Sardar Biglari: The Restaurant Investor
Max Olson of has put together a great article that chronicles the career of Sardar Biglari, CEO of Steak N Shake (NYSE:). Be sure to read the :
From little more than a $1.8 million stake in a small chain of buffets, Sardar Biglari was now managing a holding company with a market value of more than $340 million. Though the company will likely end up growing through busi- nesses outside the restaurant industry, the Steak n Shake brand will continue to be its figurehead. And whether or not they thrive depends on if they can keep cus- tomers coming in the door. If the success of McDonald’s and In-N-Out Burger are any indication, a well-run restaurant chain like Steak n Shake can be both popular and profitable.
The Steak n Shake Company is now on solid footing. But the actual turna- round, one that may leave the company unrecognizable from its prior form, has just begun. “Naturally,” says Biglari, “we have a fairly lengthy journey before reach- ing our goals. We will do what it takes to prevail.”
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