Growing · 14 min
One shop or many?
A busy restaurant can only serve so many people. To grow past that it needs more places: its own, or other people's. Software grows a different way, and that's why it can get so big so fast.
Ticket 01 · The guess
What does a new Shack cost?
Words to know
Sources and every number (2)
Sources
- Shake Shack Inc. annual report (Form 10-K), fiscal 2025 · Shake Shack Inc., filed with the U.S. Securities and Exchange Commission, 2025
- Chipotle Mexican Grill annual report (Form 10-K), fiscal 2025 · Chipotle Mexican Grill, Inc., filed with the U.S. Securities and Exchange Commission, 2025
Every number
- 45 Shacks
sec.gov ·2025 · New Shacks of its own Shake Shack opened in fiscal 2025. - $2.3M
sec.gov ·2025 · Shake Shack's average investment cost for a new Shack of its own, fiscal 2025 (the report says approximately this much). - $1.9M
sec.gov ·2025 · The same average after the money landlords put in for the build-out (tenant improvement allowances), fiscal 2025. - 15–
51 weeks sec.gov ·2025 · How long the Shacks Shake Shack opened in fiscal 2025 took to build, shortest to longest. The longest was held up by landlord and utility company delays. - $148,000
sec.gov ·2025 · Worked out from the annual report and rounded to the nearest thousand: pre-opening costs (training, rent and wages before opening, opening teams) divided by the restaurants opened in 2025.