Franchise FAQ

how much for a freddys steakburger franchise

by Dr. Jarrod Lebsack Published 1 year ago Updated 1 year ago
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How much does a Freddy's Frozen Custard & Steakburgers franchise cost?

  • Initial Franchise Fee: $30,000
  • Total Investment: $760,752 to $1,140,226
  • Working Capital: $10,000 to $50,000
  • Royalty Fee: 4.5%

How Much Does a Freddy's Franchise Cost
Franchise Cost
A franchise fee is a fee or charge that one party, known as the franchisee, pays another party, known as the franchisor, for the right to enter in a franchise agreement.
https://en.wikipedia.org › wiki › Franchise_fee
? To buy a Freddy's franchise, prospective Franchise Owners can expect an initial investment of $641k – $2.1M, as well as an initial franchise fee of $25K. There is also an ongoing royalty fee of 4.5% and an ad royalty fee of . 375%.

Full Answer

Is Freddy's steakburgers a franchise?

About Freddy's Freddy's Frozen Custard & Steakburgers is a leading fast-casual franchise concept with more than 440 locations across 36 states nationwide.

Who is the owner of Freddy's?

Freddy's Frozen Custard & Steakburgers® was co-founded in 2002 by brothers Bill and Randy Simon with their friend and business partner, Scott Redler.

How much is a Freddy's California burger?

Freddy's Menu & Prices (Updated: October 2022)FoodPriceTriple Steakburger – Combo$8.39Double Steakburger California Style$6.09Double Steakburger California Style – Combo$8.09Single Steakburger California Style$4.3991 more rows

How many Freddy's locations are there?

There are 459 Freddy's stores in the United States as of September 23, 2022. The state with the most number of Freddy's locations in the US is Texas, with 64 stores, which is about 14% of all Freddy's stores in the US.

Why are Freddy's burgers so thin?

Scott Redler - co-founder, FredHead and original grill master says: “Our steakburgers are made with thin, crispy edges and cooked-to-order so that when our Guests take their first bite, steam rises from the center of the burger.”

What kind of meat does Freddy's use?

A real Freddy's burger is made with 85 percent lean ground beef.

What kind of concrete does freddys have?

Now let's talk about frozen custard concretes: our concretes are made with Freddy's fresh frozen custard and blended with mix-ins like chocolate fudge, caramel, candy pieces, nuts or fruit (30 toppings to choose from!).

Does freddys do drug test?

Do you drug test? No drug test for employment.

Does Freddy's serve Coke or Pepsi?

For soda, Freddy's carries Pepsi products.

Is Culver's the same as Freddy's?

Culver's, another beloved Wisconsin-based burgers-and-custard chain, has more than twice as many locations as Freddy's, but they're only in 24 states. Unexpectedly high quality is built into pretty much every Freddy's franchise, the model of which is the sole reason Freddy's can do what it does in so many places.

What are the 3 pillars of Freddy's?

Freddy's franchises can now be found in 33 states. To ensure success for every restaurant, Dull focuses on three pillars of excellence: cleanliness, quality and hospitality.

What is Freddy's custard made of?

Our custard has more eggs and a minimum of 10% butter fat. It's churned in a special machine that reduces air bubbles and ice crystals, creating a texture denser than that of traditional ice cream or soft serve. The result is a rich and creamy treat for everyone to enjoy!

Where is Freddy's headquarters?

Wichita, KSFreddy's Frozen Custard & Steakburgers / Headquarters

What are the 3 pillars of Freddy's?

Freddy's franchises can now be found in 33 states. To ensure success for every restaurant, Dull focuses on three pillars of excellence: cleanliness, quality and hospitality.

When was the owner of Freddy's born?

He was born in 1925 and grew up the youngest of nine siblings on his family farm near Colwich.

Where did Freddy's restaurant originated from?

Wichita, KSHow did the company get its start? Freddy Simon, a 92-year-old World War II veteran, and his two sons Bill and Randy, along with myself, co-founded the restaurant in Wichita, KS during 2002. Freddy is the namesake whose tradition of service and values are the inspiration for the restaurant concept.

How much does it cost to start Freddy's Franchise?

Opening Freddy's franchise requires an initial investment of $577,968 - $1,986,361.

How many Freddy's Franchise locations are there?

Currently, Freddy's has more than 297 franchise locations worldwide.

What is Freddy famous for??

Freddy's is known for Frozen custard and Steakburgers.

Why Freddy's?

Everyone, including Franchise Owners, gets Freducated on everything from food prep to how to deliver our honest hospitality for a world-class Freddy’s experience every time.

Legacy Vendors

Partnerships are important to us, and we’ve worked with nearly all of the same vendors since our beginning. Every vendor is a partner and extension of our Freddy’s Family. Nobody does it like Freddy’s & it shows.

Guests can't get enough Freddy's

We’re known for our cooked-to-order steakburgers, Vienna ® Beef hot dogs, crispy shoestring fries, Freddy’s Famous Fry Sauce ® and rich & creamy frozen custard that is freshly churned throughout the day in each restaurant. Our simple menu drives our $1.53M AUV with a steady stream from lunch, dinner, mid-day and late-night desserts.

Legacy Vendors

We’re known for our cooked-to-order steakburgers, Vienna ® Beef hot dogs, crispy shoestring fries, Freddy’s Famous Fry Sauce ® and rich & creamy frozen custard that is freshly churned throughout the day in each restaurant. Our simple menu drives our $1.53M AUV with a steady stream from lunch, dinner, mid-day and late-night desserts.

Own the brand people know & love. A lot

You know you’ve got strong brand awareness and love when your loyal Guests are called FredHeads ™. By leveraging industry leading technology and data science, FredHeads ™ are returning to Freddy’s at an increased frequency and with a higher check average.

Awards and Accolades

In addition to being recognized by Forbes as the best franchise to buy, Freddy's Frozen Custard and Steakburgers has also made appearances on:

Franchisee Testimonial

I shared my franchising story with my family. They loved our culture and fast-casual concept so much, they invested in their own Freddy’s. That’s where most of our system growth comes from. It’s that fantastic.

Freddys Frozen Custard Ongoing Costs and Fees

Royalty: 4,5% of all Gross Receipts. Payable the 3rd day after the end of each consecutive week during each 28-day operating period.

Conclusion

From the financials to the number of restaurants they have it does look like a promising venture for new business owners. There is an almost guarantee from the graphs that you will profit from the restaurant and that it will stay open. The fast-casual restaurant industry A particular form or branch of economic or commercial activity.

Company Overview

Co-founded in 2002 by Scott Redler and Bill, Randy and Freddy Simon, Freddy's Frozen Custard & Steakburgers opened its first location in Wichita, Kansas, offering steakburgers, hot dogs, shoestring fries, and frozen custard that is freshly churned throughout the day. Today, more than 300 Freddy's restaurants serve 31 states across the U.S.

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Freddy's Frozen Custard & Steakburgers franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Franchise 500 Ranking History

Compare where Freddy's Frozen Custard & Steakburgers landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Freddy's Frozen Custard & Steakburgers ranked on other franchise lists? Find out below.

Standalone With Drive-Thru

A Standalone Restaurant typically requires approximately 3,000 to 3,600 square feet of internal space and typically occupies a parcel with an approximate total area of 0.8 to 1.0 acres. Standalone Restaurants typically have seating for 110 to 120 guests.

End Cap With Drive-Thru

An End Cap Restaurant typically requires 2,400 to 3,400 square feet of internal space with a drive-thru window and seating for 80 to 110 guests.

In-Line No Drive-Thru

An In-Line Restaurant typically requires 2,400 to 3,000 square feet without a drive thru and has seating for 65 to 100 guests.

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