Jan. 11--Steak 'n Shake is planning to open its first Chicago location, at 1322 S. Halsted St., according to the office of Ald. Patrick Thompson, 11th Ward.
Thompson announced the news on Facebook last week by posting the chain's logo and writing: "Coming soon to Halsted and Maxwell."
That location is close to the University of Illinois at Chicago campus.
The alderman's office said Thursday there's no word yet on when the restaurant would open. Representatives of Steak 'n Shake couldn't be reached for comment Thursday.
Steak 'n Shake was founded in Normal, Ill. in 1934, according to its Facebook page. It has several locations in the suburbs but none yet within Chicago city limits.
Steak 'n Shake is owned by Biglari Holdings, a Texas-based firm that also owns the restaurant chain Western Sizzlin and Maxim magazine, among other subsidiaries.
As of Sept. 30, Steak 'n Shake had 417 company-operated restaurants and 199 franchised locations, according to a Biglari Holdings quarterly earnings filing in November.
Steak 'n Shake business brought in about $202 million in revenue before income tax for the fiscal quarter ending Sept. 30, according to the filing. That's a decrease of about 2 percent from $206.2 million in the same period a year ago.
Steak 'n Shake customer traffic was down 6.7 percent in the quarter, according to the filing.
Biglari also reported an earnings loss of about $3.2 million before income taxes on the Steak 'n Shake business for the quarter.
Eater Chicago first reported the planned opening.
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