Shake Shack

“Well, what we had done was to offer to give all of our profits back to the Madison Square Park Conservancy, and that was pretty easy because we lost about 5000 bucks that first year.”

“Today they're grossing on average, A little bit more than four million dollars per shack. There's 278 of them in the world.”

“And I just sat down one day, just scribbled on a piece of paper the menu, and the menu I scribbled that day is kind of 95% what we serve at Shake Shack to this day”

“Whoever wrote the rule that it has to be one plus one plus zero, and what we found is that it was not as fast as fast food, but it was a lot faster than a full-service restaurant, and it was not as inexpensive as fast food, but it was a lot less expensive than…”

“That one Shake Shack in the original Shake Shack in Madison Square Park Pays in rent, depending on the year, anywhere between half a million and a million dollars per year right back into the park.”

“You know, we were serving over a thousand people every single day and learning, learning the business, learning how to do it.”

“There's about 70% of the cost taken out. There's not a, if you look at any Shake Shack, there's not a chef or three sous chefs or a pastry chef or a maitre d' or a reservationist or a florist or a linen company, and I, you know, that's probably only half the c…”

“To this day, our leadership team almost all came from our fine dining restaurants”

“Within 36 hours of understanding the government had run out of money, the company and its board made the decision to return it, and it was the first of any public company to do so, and that actually began a cascade of, What I'm told is well, well north of two …”

“The most successful quick service restaurant in the world in terms of the yield sales per square foot is Chick-fil-A. They beat everybody. Shake Shack, In-N-Out, McDonald's, even though they don't have as many locations, a typical Chick-fil-A does about eight …”