Franopolis

    Freddy’s Frozen Custard & Steakburgers

    Franchise research report · reviewed 2026 disclosure data

    Reviewed sources
    Franchising since
    2004
    Source: franchise.org
    Headquarters
    Wichita, KS United States
    Source: franchise.org

    Freddy's Frozen Custard & Steakburgers franchise specializes in freshly prepared steakburgers, crispy shoe string fries, and rich frozen custard with a nostalgi

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    Headline figures

    Freddy’s Frozen Custard & Steakburgers quick facts

    Is Freddy’s Frozen Custard & Steakburgers a franchise?
    Yes. Freddy’s Frozen Custard & Steakburgers offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 542 franchised and 38 company-owned outlets (2026 FDD, Item 20, PDF p. 58).
    How much does it cost to open a Freddy’s Frozen Custard & Steakburgers franchise?
    The Freddy’s Frozen Custard & Steakburgers Franchise Disclosure Document reports separate estimated initial investments by format: $854,834–$2,802,000 for inline no-drive — total estimated initial investment 8 (2026 FDD, Item 7, PDF p. 19); $1,026,334–$2,802,000 for endcap drive — total estimated initial investment 8 (2026 FDD, Item 7, PDF p. 19); $1,586,334–$2,802,000 for standalone drive — total estimated initial investment 8 (2026 FDD, Item 7, PDF p. 19); $2,753,566 for standalone total initial investment high (2025 FDD, Item 7, PDF p. 19); $1,277,598–$2,753,566 for end-cap total initial investment low (2025 FDD, Item 7, PDF p. 19); $2,497,566–$2,753,566 for end-cap total initial investment high (2025 FDD, Item 7, PDF p. 19); $785,936–$2,753,566 for in-line total initial investment low (2025 FDD, Item 7, PDF p. 19); $1,198,665–$2,753,566 for in-line total initial investment high (2025 FDD, Item 7, PDF p. 19); $1,487,598–$2,753,566 for standalone total initial investment low (2025 FDD, Item 7, PDF p. 19). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What is the Freddy’s Frozen Custard & Steakburgers initial franchise fee?
    The disclosed initial franchise fee for a standard single unit is $35,000 (2026 FDD, Item 5, PDF p. 11). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
    What ongoing fees does Freddy’s Frozen Custard & Steakburgers charge?
    The disclosed ongoing royalty is 5% (2026 FDD, Item 6, PDF p. 13). The brand or advertising fund contribution is 0% · low (2025 FDD, Item 6, PDF p. 13). Other recurring fees are listed in Item 6. Details
    Does Freddy’s Frozen Custard & Steakburgers disclose financial performance (Item 19)?
    Yes. The Freddy’s Frozen Custard & Steakburgers FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 46). Figures apply only to the locations and period each one covers. Details
    How many Freddy’s Frozen Custard & Steakburgers locations are there?
    The FDD reports 580 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 58). Existing locations do not indicate territory availability. Details
    Is Freddy’s Frozen Custard & Steakburgers a good franchise to buy?
    Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1The 2026 FDD (Item 7) estimates opening costs separately by format: $854,834 – $2,802,000 (Inline no-drive — TOTAL ESTIMATED INITIAL INVESTMENT 8); $1,026,334 – $2,802,000 (Endcap drive — TOTAL ESTIMATED INITIAL INVESTMENT 8); $1,586,334 – $2,802,000 (Standalone drive — TOTAL ESTIMATED INITIAL INVESTMENT 8); several initial fee options apply.
    2. 2Item 19 covers 76 separate groups: other measures for 3 Company-owned locations; other measures for 4 Company-owned locations; other measures for 28 Company-owned locations; other measures for 35 Company-owned locations; other measures for 39 Franchised locations; other measures for 3 Franchised locations; other measures for 435 Franchised locations; other measures for 477 Franchised locations; other measures for 512 Company35 andfranchise477 locations; other measures for 128 System locations; other measures for 128 System locations; other measures for 128 System locations; other measures for 128 System locations; other measures for 119 Franchised locations; other measures for 512 System locations; other measures for 119 Franchised locations; other measures for 119 Franchised locations; other measures for 120 Franchised locations; other measures for 477 Franchised locations; other measures for 9 Company-owned locations; other measures for 9 Company-owned locations; other measures for 9 Company-owned locations; other measures for 8 Company-owned locations; other measures for 35 Company-owned locations; adjusted operating results for 35 Company-owned Midwest locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and EBITDA and costs for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and EBITDA and costs for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and EBITDA and costs for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and EBITDA and costs for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and EBITDA and costs for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and EBITDA and costs for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 7 Company locations; other measures and costs and EBITDA for 7 Company locations; other measures and costs and EBITDA for 7 Company locations; other measures and costs and EBITDA for 7 Company locations; other measures and costs and EBITDA for 7 Company locations; other measures and costs and EBITDA for 7 Company locations; other measures and EBITDA and costs for 7 Company locations; other measures and costs and EBITDA and revenue for 42 Franchised locations; revenue and other measures and costs and EBITDA for 7 Company locations. They are not combined.
    3. 3Outlets grew by 30 in 2025, to 580 (United States, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    Compare outlet trendsPut Item 20 counts side by side with up to 3 other brands.

    Freddy’s Frozen Custard & Steakburgers head-to-head

    Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.

    Freddy’s Frozen Custard & SteakburgersVSLittle Caesars
    Compare head-to-head
    Freddy’s Frozen Custard & SteakburgersVSWingstop
    Compare head-to-head
    Freddy’s Frozen Custard & SteakburgersVSSubway
    Compare head-to-head
    Freddy’s Frozen Custard & SteakburgersVSSonic Drive-In
    Compare head-to-head

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Range across 3 single-unit formats

    2026 FDD · Item 7

    Formats disclosed in Item 7 (3)

    Each format has its own total. The total depends on the format you choose.

    • Inline no-drive — TOTAL ESTIMATED INITIAL INVESTMENT 8PDF p. 19$854,834 – $2,802,000
    • Endcap drive — TOTAL ESTIMATED INITIAL INVESTMENT 8PDF p. 19$1,026,334 – $2,802,000
    • Standalone drive — TOTAL ESTIMATED INITIAL INVESTMENT 8PDF p. 19$1,586,334 – $2,802,000

    Standard single-unit franchise fee

    2026 FDD · Item 5 · PDF p. 11
    Discounted and multi-unit options are separate; see all fees.

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    Royalty GrossReceiptsMain ongoing fee

    28 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    76 separate populations, shown apart. Revenue is not owner income.

    3 locations

    Other measures · 3 locations

    Who is counted
    Company-owned Endcap
    Period
    Endcap
    Excluded
    Two companypartialyear,43franchisepartialyear(42openings1firetemporary),19franchiseclosures,23nontraditional(1company22franchise) excluded; narrativefranchise475 vs477tables retained.
    Method
    CompanyGAAP unaudited; franchiseroyaltyfinancialreports unverified/unaudited. Grossreceipts includesuncollected,vending,businessinterruption;excludestax,loyaltypoints. SeasonalityApr–Octhigher. Nooverallprofitguarantee.

    These groups are never combined. Adjusted company-owned operating results cannot be divided by franchised revenue to calculate a franchisee profit margin.

    Outlet Changes — Item 20

    How has the outlet count changed?

    United States, as labeled in the FDD · counts as of 2025 of each year.

    2026 FDD · Item 20 · PDF p. 58

    Net +124 outlets, 2022–2025

    045620221,03420231,10020245802025+578+66−520

    Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2026 Item 7 estimate ($854,834 – $2,802,000) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Reported units went from 550 to 580 in 2025. How many new units opened, closed or changed hands?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2026 FDD)

    1. [1]Standard initial franchise fee — Item 5 · PDF p. 11
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Company-owned Endcap · PDF p. 46; PDF p. 47
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Company-owned Inline · PDF p. 46; PDF p. 47
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Company-owned Standalone · PDF p. 46; PDF p. 47
    5. [5]Item 19 — Locations counted not stated in the reviewed record — Company-owned All · PDF p. 46; PDF p. 47
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Franchised Endcap · PDF p. 47
    7. [7]Item 19 — Locations counted not stated in the reviewed record — Franchised Inline · PDF p. 47
    8. [8]Item 19 — Locations counted not stated in the reviewed record — Franchised Standalone · PDF p. 47
    9. [9]Item 19 — Locations counted not stated in the reviewed record — Franchised All · PDF p. 47
    10. [10]Item 19 — Locations counted not stated in the reviewed record — Allsystem · PDF p. 48
    11. [11]Item 19 — Locations counted not stated in the reviewed record — System Topquartile · PDF p. 48
    12. [12]Item 19 — Locations counted not stated in the reviewed record — System 2ndquartile · PDF p. 48
    13. [13]Item 19 — Locations counted not stated in the reviewed record — System 3rdquartile · PDF p. 48
    14. [14]Item 19 — Locations counted not stated in the reviewed record — System Bottomquartile · PDF p. 48
    15. [15]Item 19 — Locations counted not stated in the reviewed record — Franchised Topquartile · PDF p. 48
    16. [16]Item 19 — Locations counted not stated in the reviewed record — System Totalquartile · PDF p. 48
    17. [17]Item 19 — Locations counted not stated in the reviewed record — Franchised 2ndquartile · PDF p. 48
    18. [18]Item 19 — Locations counted not stated in the reviewed record — Franchised 3rdquartile · PDF p. 48
    19. [19]Item 19 — Locations counted not stated in the reviewed record — Franchised Bottomquartile · PDF p. 48
    20. [20]Item 19 — Locations counted not stated in the reviewed record — Franchised Totalquartile · PDF p. 48
    21. [21]Item 19 — Locations counted not stated in the reviewed record — Company-owned Topquartile · PDF p. 49
    22. [22]Item 19 — Locations counted not stated in the reviewed record — Company-owned 2ndquartile · PDF p. 49
    23. [23]Item 19 — Locations counted not stated in the reviewed record — Company-owned 3rdquartile · PDF p. 49
    24. [24]Item 19 — Locations counted not stated in the reviewed record — Company-owned Bottomquartile · PDF p. 49
    25. [25]Item 19 — Locations counted not stated in the reviewed record — Company-owned Totalquartile · PDF p. 49
    26. [26]Item 19 — Locations counted not stated in the reviewed record — Company35fullyear · PDF p. 49
    27. [27]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant1 · PDF p. 52
    28. [28]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant2 · PDF p. 52
    29. [29]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant3 · PDF p. 52
    30. [30]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant4 · PDF p. 52
    31. [31]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant5 · PDF p. 52
    32. [32]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant6 · PDF p. 52
    33. [33]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant7 · PDF p. 52
    34. [34]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant8 · PDF p. 52
    35. [35]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant9 · PDF p. 52
    36. [36]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant10 · PDF p. 52
    37. [37]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant11 · PDF p. 52
    38. [38]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant12 · PDF p. 52
    39. [39]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant13 · PDF p. 52
    40. [40]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant14 · PDF p. 52
    41. [41]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant15 · PDF p. 52
    42. [42]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant16 · PDF p. 53
    43. [43]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant17 · PDF p. 53
    44. [44]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant18 · PDF p. 53
    45. [45]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant19 · PDF p. 53
    46. [46]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant20 · PDF p. 53
    47. [47]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant21 · PDF p. 53
    48. [48]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant22 · PDF p. 53
    49. [49]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant23 · PDF p. 53
    50. [50]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant24 · PDF p. 53
    51. [51]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant25 · PDF p. 53
    52. [52]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant26 · PDF p. 53
    53. [53]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant27 · PDF p. 53
    54. [54]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant28 · PDF p. 53
    55. [55]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant29 · PDF p. 53
    56. [56]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant30 · PDF p. 53
    57. [57]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant31 · PDF p. 54
    58. [58]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant32 · PDF p. 54
    59. [59]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant33 · PDF p. 54
    60. [60]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant34 · PDF p. 54
    61. [61]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant35 · PDF p. 54
    62. [62]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant36 · PDF p. 54
    63. [63]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant37 · PDF p. 54
    64. [64]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant38 · PDF p. 54
    65. [65]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant39 · PDF p. 54
    66. [66]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant40 · PDF p. 54
    67. [67]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant41 · PDF p. 54
    68. [68]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant42 · PDF p. 54
    69. [69]Item 19 — Locations counted not stated in the reviewed record — Company endcap/inline anonymousrestaurant1 · PDF p. 55
    70. [70]Item 19 — Locations counted not stated in the reviewed record — Company endcap/inline anonymousrestaurant2 · PDF p. 55
    71. [71]Item 19 — Locations counted not stated in the reviewed record — Company endcap/inline anonymousrestaurant3 · PDF p. 55
    72. [72]Item 19 — Locations counted not stated in the reviewed record — Company endcap/inline anonymousrestaurant4 · PDF p. 55
    73. [73]Item 19 — Locations counted not stated in the reviewed record — Company endcap/inline anonymousrestaurant5 · PDF p. 55
    74. [74]Item 19 — Locations counted not stated in the reviewed record — Company endcap/inline anonymousrestaurant6 · PDF p. 55
    75. [75]Item 19 — Locations counted not stated in the reviewed record — Company endcap/inline anonymousrestaurant7 · PDF p. 55
    76. [76]Item 19 — Locations counted not stated in the reviewed record — Franchised endcap/inline · PDF p. 50
    77. [77]Item 19 — Locations counted not stated in the reviewed record — Company endcap/inline · PDF p. 51
    78. [78]Outlet counts — Item 20, Table 1 · PDF p. 58

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD

    Territory & operations

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025total current assets$13,956
    2025property and equipment, net$34,623
    2025goodwill$161,565
    2025right-of-use assets under operating leases, net$35,566
    2025intangible assets, net$553,318
    2025other assets, net$3,094
    2025total assets$802,122
    2025liabilities and member's$2,699
    2025accrued expenses and other current liabilities$3,771
    2025gift card liabilityMore than one value recorded for this year — open the FDD source before comparing$4,147
    2025current portion of operating lease liabilities$564
    2025current maturities of long-term debt$3,500

    These figures describe the franchisor company, not individual franchise locations.

    What changed from 2025 to 2026

    • Franchise fee: $35,000 → $25
    • System size: 1,100 → 580 units

    SBA-backed loans to franchisees

    Loading…

    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

    Related research

    Brands in the same subcategory first, then the wider industry, ordered by shared business format, overlapping investment range, Item 20 outlet count and search interest. This is not a ranking or recommendation.

    Little CaesarsWingstopSubwaySonic Drive-InFive GuysTaco Bell Corp.

    Head-to-head comparisons

    Freddy’s Frozen Custard & Steakburgers vs Little CaesarsFreddy’s Frozen Custard & Steakburgers vs WingstopFreddy’s Frozen Custard & Steakburgers vs SubwayFreddy’s Frozen Custard & Steakburgers vs Sonic Drive-InFreddy’s Frozen Custard & Steakburgers vs Five GuysFreddy’s Frozen Custard & Steakburgers vs Taco Bell Corp.
    Compare reviewed facts

    At a glance

    Business history

    Not reviewed

    Owner participation

    Not reviewed

    Territory language

    Litigation disclosure

    Not reviewed

    Bankruptcy disclosure

    Not reviewed

    Agreement term

    Not reviewed

    Reader notes on wording

    Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table3 No. and % of Restaurants that Met or Exceeded the Average count — All

      “No. and % of Restaurants that Met or Exceeded the Average 208(48%) 18 (46%) 1 (33%) 228 (48%)”

      Note: The Item 19 lead-in reports 475 franchised restaurants open for all of FY2025, while Tables 3 and 4 show facility totals of 477; the all-franchised population and related all-group metric cannot be settled.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table3 Range of Weekly Gross Receipts — All

      “Range of Weekly Gross Receipts $12,160 - $78,573 $17,763 - $48,940 $23,442 - $29,035 $12,160 - $78,573”

      Note: The Item 19 lead-in reports 475 franchised restaurants open for all of FY2025, while Tables 3 and 4 show facility totals of 477; the all-franchised population and related all-group metric cannot be settled.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table5 system Range of Annual Gross Receipts

      “Range of Annual Gross Receipts $644,497 - $4,164,361”

      Note: The Item 19 lead-in gives 35 company-owned plus 475 full-year franchised restaurants (510 total), while Tables 3–6 use 477 franchised and 512 total; these all-franchise/all-system populations and metrics cannot be resolved from the cited pages.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table5 system Median Annual Gross Receipts

      “Median Annual Gross Receipts $1,859,310”

      Note: The Item 19 lead-in gives 35 company-owned plus 475 full-year franchised restaurants (510 total), while Tables 3–6 use 477 franchised and 512 total; these all-franchise/all-system populations and metrics cannot be resolved from the cited pages.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table4 Range of Annual Gross Receipts — All

      “Range of Annual Gross Receipts $644,497 - $4,164,361 $941,428 - $2,593,813 $1,242,452 - $1,538,855 $644,497 - $4,164,361”

      Note: The Item 19 lead-in gives 35 company-owned plus 475 full-year franchised restaurants (510 total), while Tables 3–6 use 477 franchised and 512 total; these all-franchise/all-system populations and metrics cannot be resolved from the cited pages.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table5 system No. and % of Restaurants that Met or Exceeded the Average percent

      “No. and % of Restaurants that Met or Exceeded the Average 244 (48%)”

      Note: The Item 19 lead-in gives 35 company-owned plus 475 full-year franchised restaurants (510 total), while Tables 3–6 use 477 franchised and 512 total; these all-franchise/all-system populations and metrics cannot be resolved from the cited pages.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table6 System Total — Average

      “Total 512 $1,894,445 $644,497 $4,164,361 $1,859,310 244 / 48%”

      Note: Table 6 total reports 512 locations, but Item 19 narrative reports 35 company-owned plus 475 franchised (510 total), while tables show 477 franchised (512 total). FDD does not resolve this system-total conflict.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table6 System Total — High

      “Total 512 $1,894,445 $644,497 $4,164,361 $1,859,310 244 / 48%”

      Note: Table 6 total reports 512 locations, but Item 19 narrative reports 35 company-owned plus 475 franchised (510 total), while tables show 477 franchised (512 total). FDD does not resolve this system-total conflict.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table6 System Total — Percent ataboveaverage

      “Total 512 $1,894,445 $644,497 $4,164,361 $1,859,310 244 / 48%”

      Note: Table 6 total reports 512 locations, but Item 19 narrative reports 35 company-owned plus 475 franchised (510 total), while tables show 477 franchised (512 total). FDD does not resolve this system-total conflict.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table7 Franchised Total — Median

      “Total 477 $1,859,481 $644,497 $4,164,361 $1,820,745 219 / 47%”

      Note: Table 7 reports 477 franchised restaurants, but the Item 19 narrative reports 475. This unresolved population conflict prevents settling the franchised total-row figures.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table7 Franchised Total — High

      “Total 477 $1,859,481 $644,497 $4,164,361 $1,820,745 219 / 47%”

      Note: Table 7 reports 477 franchised restaurants, but the Item 19 narrative reports 475. This unresolved population conflict prevents settling the franchised total-row figures.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table7 Franchised Total — Sample

      “Total 477 $1,859,481 $644,497 $4,164,361 $1,820,745 219 / 47%”

      Note: Table 7 reports 477 franchised restaurants, but the Item 19 narrative reports 475. This unresolved population conflict prevents settling the franchised total-row figures.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table7 Franchised Total — Percent ataboveaverage

      “Total 477 $1,859,481 $644,497 $4,164,361 $1,820,745 219 / 47%”

      Note: Table 7 reports 477 franchised restaurants, but the Item 19 narrative reports 475. This unresolved population conflict prevents settling the franchised total-row figures.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table4 No. and % of Restaurants that Met or Exceeded the Average percent — All

      “No. and % of Restaurants that Met or Exceeded the Average 208 (48%) 18 (46%) 3 (33%) 228 (48%)”

      Note: The Item 19 lead-in says 475 franchised restaurants were open all of FY2025, while Tables 3 and 4 total 477; this all-franchised population and metric cannot be reconciled from the cited pages.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table6 System Total — Count ataboveaverage

      “Total 512 $1,894,445 $644,497 $4,164,361 $1,859,310 244 / 48%”

      Note: Table 6 total reports 512 locations, but Item 19 narrative reports 35 company-owned plus 475 franchised (510 total), while tables show 477 franchised (512 total). FDD does not resolve this system-total conflict.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table6 System Total — Low

      “Total 512 $1,894,445 $644,497 $4,164,361 $1,859,310 244 / 48%”

      Note: Table 6 total reports 512 locations, but Item 19 narrative reports 35 company-owned plus 475 franchised (510 total), while tables show 477 franchised (512 total). FDD does not resolve this system-total conflict.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table3 Average Weekly Gross Receipts — All

      “Average Weekly Gross Receipts $35,251 $33,932 $26,141 $35,086”

      Note: The Item 19 lead-in says 475 franchised restaurants were open all of FY2025, while Table 3 lists 477 in its facility-type totals; the overall Table 3 population and its related all-group metric cannot be settled from these pages.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table4 Average Annual Gross Receipts — All

      “Average Annual Gross Receipts $1,868,226 $1,798,407 $1,385,497 $1,859,481”

      Note: The Item 19 lead-in says 475 franchised restaurants were open all of FY2025, while Tables 3 and 4 total 477; this all-franchised population and metric cannot be reconciled from the cited pages.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table7 Franchised Total — Count ataboveaverage

      “Total 477 $1,859,481 $644,497 $4,164,361 $1,820,745 219 / 47%”

      Note: Table 7 reports 477 franchised restaurants, but the Item 19 narrative reports 475. This unresolved population conflict prevents settling the franchised total-row figures.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table4 Number of Restaurants — All

      “Number of Restaurants 435 39 3 477”

      Note: The Item 19 lead-in says 475 franchised restaurants were open all of FY2025, while Tables 3 and 4 total 477; this all-franchised population and metric cannot be reconciled from the cited pages.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table3 No. and % of Restaurants that Met or Exceeded the Average percent — All

      “No. and % of Restaurants that Met or Exceeded the Average 208(48%) 18 (46%) 1 (33%) 228 (48%)”

      Note: The Item 19 lead-in reports 475 franchised restaurants open for all of FY2025, while Tables 3 and 4 show facility totals of 477; the all-franchised population and related all-group metric cannot be settled.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table5 system Average Annual Gross Receipts

      “Average Annual Gross Receipts $1,894,445”

      Note: The Item 19 lead-in gives 35 company-owned plus 475 full-year franchised restaurants (510 total), while Tables 3–6 use 477 franchised and 512 total; these all-franchise/all-system populations and metrics cannot be resolved from the cited pages.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table6 System Total — Sample

      “Total 512 $1,894,445 $644,497 $4,164,361 $1,859,310 244 / 48%”

      Note: Table 6 total reports 512 locations, but Item 19 narrative reports 35 company-owned plus 475 franchised (510 total), while tables show 477 franchised (512 total). FDD does not resolve this system-total conflict.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table6 System Total — Median

      “Total 512 $1,894,445 $644,497 $4,164,361 $1,859,310 244 / 48%”

      Note: Table 6 total reports 512 locations, but Item 19 narrative reports 35 company-owned plus 475 franchised (510 total), while tables show 477 franchised (512 total). FDD does not resolve this system-total conflict.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table7 Franchised Total — Low

      “Total 477 $1,859,481 $644,497 $4,164,361 $1,820,745 219 / 47%”

      Note: Table 7 reports 477 franchised restaurants, but the Item 19 narrative reports 475. This unresolved population conflict prevents settling the franchised total-row figures.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table5 system No. and % of Restaurants that Met or Exceeded the Average

      “No. and % of Restaurants that Met or Exceeded the Average 244 (48%)”

      Note: The Item 19 lead-in gives 35 company-owned plus 475 full-year franchised restaurants (510 total), while Tables 3–6 use 477 franchised and 512 total; these all-franchise/all-system populations and metrics cannot be resolved from the cited pages.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table4 Median Annual Gross Receipts — All

      “Median Annual Gross Receipts $1,836,394 $1,763,017 $1,375,095 $1,820,745”

      Note: The Item 19 lead-in gives 35 company-owned plus 475 full-year franchised restaurants (510 total), while Tables 3–6 use 477 franchised and 512 total; these all-franchise/all-system populations and metrics cannot be resolved from the cited pages.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table3 Median Weekly Gross Receipts — All

      “Median Weekly Gross Receipts $34,649 $33,264 $25,945 $34,354”

      Note: The Item 19 lead-in reports 475 franchised restaurants open for all of FY2025, while Tables 3 and 4 show facility totals of 477; the all-franchised population and related all-group metric cannot be settled.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table4 No. and % of Restaurants that Met or Exceeded the Average count — All

      “No. and % of Restaurants that Met or Exceeded the Average 208 (48%) 18 (46%) 3 (33%) 228 (48%)”

      Note: The Item 19 lead-in says 475 franchised restaurants were open all of FY2025, while Tables 3 and 4 total 477; this all-franchised population and metric cannot be reconciled from the cited pages.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table5 system Number of Restaurants

      “Number of Restaurants 512”

      Note: The Item 19 lead-in gives 35 company-owned plus 475 full-year franchised restaurants (510 total), while Tables 3–6 use 477 franchised and 512 total; these all-franchise/all-system populations and metrics cannot be resolved from the cited pages.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table3 No. and % of Restaurants that Met or Exceeded the Average count — Standalone

      “No. and % of Restaurants that Met or Exceeded the Average 208(48%) 18 (46%) 1 (33%) 228 (48%)”

      Note: The Item 19 lead-in says 475 franchised restaurants were open all of FY2025, while Table 3 lists 477 in its facility-type totals; the overall Table 3 population and its related all-group metric cannot be settled from these pages.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table3 Number of Restaurants — All

      “Number of Restaurants 435 39 3 477”

      Note: The Item 19 lead-in says 475 franchised restaurants were open all of FY2025, while Table 3 lists 477 in its facility-type totals; the overall Table 3 population and its related all-group metric cannot be settled from these pages.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table7 Franchised Total — Average

      “Total 477 $1,859,481 $644,497 $4,164,361 $1,820,745 219 / 47%”

      Note: Table 7 reports 477 franchised restaurants, but the Item 19 narrative reports 475. This unresolved population conflict prevents settling the franchised total-row figures.

    • Item 20 · PDF p. 58 · 2026 FDD

      Our summary: Table1 Company-Owned 2025 — Netchange

      “2025 36 38 +2”

      Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.

    • Item 21 · PDF p. 161 · 2025 FDD

      Our summary: 2024 net cash provided by operating activities

      “Net cash provided by operating activities 219,700 206,757”

      Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 161.

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.

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