The Shake Shack franchise cost is high because the brand does not offer traditional franchising. Shake Shack only expands through company-owned stores and licensed partners. For licensed locations, the estimated initial investment ranges from $2 million to $3.5 million per location, depending on size and location. This cost includes construction, equipment, design, permits, and opening expenses. Licensed partners must also show strong financial capacity, usually with a net worth of $10 million or more and proven experience in operating premium food brands. Shake Shack focuses on long-term brand control rather than selling standard franchises.