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Biglari Holdings Inc., through its subsidiaries, operates and franchises restaurants in the United States. It owns, operates, and franchises restaurants under restaurant concepts, including Steak n Shake, a classic American brand serving premium burgers and milk shakes; and Western, which offers signature steak dishes and other classic American menu items, as well operates other concepts…More, Great American Steak & Buffet, and Wood Grill Buffet consisting of hot and cold food buffet style dining. As of December 31, 2014, the company operated 417 Steak n Shake company-operated restaurants and 128 franchised units; and 4 Western company-operated restaurants and 68 franchised units.