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    Red Robin Restaurants

    Franchise research report · reviewed 2026 disclosure data

    Researching Red Robin Restaurants franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources

    Red Robin Restaurants franchise specializes in gourmet burgers and bottomless fries, operating as a casual dining destination known for its extensive burger men

    Headline figures

    Quick facts

    How much does it cost to open a Red Robin Restaurants franchise?
    The Red Robin Restaurants Franchise Disclosure Document reports an estimated initial investment of $2,705,000–$5,785,000 (2026 FDD, Item 7, PDF p. 19). This is the franchisor's disclosed estimate, not a quote. Details
    What is the Red Robin Restaurants initial franchise fee?
    The disclosed initial franchise fee for a standard single unit is $35,000 (2026 FDD, Item 5, PDF p. 12). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
    Does Red Robin Restaurants disclose financial performance (Item 19)?
    No. The reviewed Red Robin Restaurants FDD states that it does not make a financial performance representation in Item 19. Details

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

    What the disclosures show

    1. 1Opening costs are estimated at $2,705,000 – $5,785,000 in the 2026 FDD (Item 7); several initial fee options apply.
    2. 2The franchisor makes no financial performance representation in Item 19.

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

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Total estimated initial investment

    2026 FDD · Item 7 · PDF p. 19

    Standard single-unit franchise fee

    2026 FDD · Item 5 · PDF p. 12
    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.

    10 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?

    No financial performance representation in Item 19

    The reviewed 2026 FDD for Red Robin Restaurants has no Item 19 figures on record. Franopolis does not estimate revenue or earnings in their place; ask the franchisor and current owners what unit-level information they can share.

    Outlet Changes — Item 20

    How has the outlet count changed?

    Coverage not stated in the reviewed record · counts as of year end of each year.

    2026 FDD · Item 20 ·

    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 ($2,705,000 – $5,785,000) vary most by market, and why?

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

    • Red Robin Restaurants reports no financial performance figures in Item 19. What information can you share about unit-level results?

    • 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?

    • 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]Estimated initial investment — Item 7 · PDF p. 19
    2. [2]Standard initial franchise fee — Item 5 · PDF p. 12

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

    Territory & operations

    67 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.

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

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025restricted cash$9,615
    2025other assets, net$9,065
    2025accounts payable$31,391
    2025total stockholders' equity-$106,348
    2025cost of sales$283,883
    2025other revenue$6,369
    2025interest-$140
    2025total costs and expenses$1,207,435
    2025interest expense$25,956
    2025total revenues$1,210,225
    2025dilutedMore than one value recorded for this year — open the FDD source before comparing$17,789
    2025foreign currency translation adjustment$2
    2025inventoriesMore than one value recorded for this year — open the FDD source before comparing$134
    2025other, net$927
    2025other operating assets and liabilities, net$1,553
    2025net cash provided byMore than one value recorded for this year — open the FDD source before comparing$37,008
    2025purchases of property, equipment and intangible assets-$30,784
    2025debt issuance costs-$575
    2025proceeds$471
    2025net change in cash and cash equivalents, and restricted cash-$9,862
    2025cash and cash equivalents, and restricted cash, beginning of period$39,401
    2025cash and cash equivalents$19,924
    2025accounts receivable, net$19,441
    2025inventoriesMore than one value recorded for this year — open the FDD source before comparing$25,729
    2025prepaid expenses and other current assetsMore than one value recorded for this year — open the FDD source before comparing$14,234
    2025total current assets$88,943
    2025property and equipment, net$158,105
    2025operating lease assets, net$295,996
    2025intangible assets, net$9,155
    2025assets held for sale$2,263
    2025total assets$563,527
    2025unearned revenueMore than one value recorded for this year — open the FDD source before comparing$27,287
    2025current portion of operating lease liabilities$49,111
    2025accrued liabilities and other$46,801
    2025total current liabilities$198,629
    2025total liabilities$669,875
    2025accumulated other comprehensive income-$60
    2025retained earnings-$176,243
    2025total liabilities and stockholders' equity$563,527
    2025restaurant revenue$1,189,780
    2025franchise revenue$14,076
    2025other operating$213,187
    2025occupancy$103,958
    2025depreciation and amortization$51,120
    2025selling$31,328
    2025incomeMore than one value recorded for this year — open the FDD source before comparing$2,790
    2025total other expenses, net$25,816
    2025incomeMore than one value recorded for this year — open the FDD source before comparing-$23,026
    2025income tax$258
    2025net income-$23,284
    2025basicMore than one value recorded for this year — open the FDD source before comparing-$1
    2025dilutedMore than one value recorded for this year — open the FDD source before comparing-$1
    2025basicMore than one value recorded for this year — open the FDD source before comparing$17,789
    2025other comprehensive income$2
    2025total comprehensive income-$23,282
    2025gift card breakage-$5,243
    2025asset impairment$2,713
    2025gain on sale of property-$1,127
    2025amortization of debt issuance costs$3,764
    2025accounts receivable and other, net$247
    2025prepaid expenses and other current assetsMore than one value recorded for this year — open the FDD source before comparing-$653
    2025operating lease assets, net of liabilities-$6,173
    2025trade accounts payable and accrued liabilities$7,748
    2025unearned revenueMore than one value recorded for this year — open the FDD source before comparing$5,446
    2025proceeds from sales of property and equipment, and other$6,166
    2025net cash provided byMore than one value recorded for this year — open the FDD source before comparing-$24,618
    2025net-$17,000
    2025repayments of borrowings on term loan-$2,770
    2025repayments of finance lease obligations-$1,036
    2025proceeds from borrowings for insurance premium financing$3,540
    2025repayments of insurance premium financing-$4,403
    2025proceeds from issuance of common stock, net of stock issuance costs-$479
    2025net cash provided byMore than one value recorded for this year — open the FDD source before comparing-$22,252
    2025cash and cash equivalents, and restricted cash, end of period$29,539
    2025supplemental disclosure of cash flow information net-$30
    2025interest paid$23,133
    2025accrued purchases of property, equipment and intangible assets$3,296
    2024total current assets$99,434
    2024operating lease assets, net$331,617
    2024accounts payable$29,783
    2024current portion of operating lease liabilities$50,083
    2024total current liabilities$189,552
    2024accumulated other comprehensive income-$62
    2024total stockholders' equity-$84,269
    2024restaurant revenue$1,224,254
    2024total revenues$1,248,560
    2024other revenue$9,365
    2024interest-$727
    2024cost of sales$292,392
    2024basicMore than one value recorded for this year — open the FDD source before comparing-$5
    2024total costs and expenses$1,301,641
    2024income tax-$90
    2024net income-$77,541
    2024accounts receivable and other, net$1,903
    2024asset impairment$32,838
    2024gift card breakage-$7,930
    2024inventoriesMore than one value recorded for this year — open the FDD source before comparing-$220
    2024prepaid expenses and other current assetsMore than one value recorded for this year — open the FDD source before comparing-$597
    2024proceeds from sales of property and equipment, and other$24,287
    2024net cash provided byMore than one value recorded for this year — open the FDD source before comparing-$1,747
    2024repayments of finance lease obligations-$923
    2024proceeds from borrowings for insurance premium financing$4,265
    2024net change in cash and cash equivalents, and restricted cash$7,836
    2024proceeds from issuance of common stock, net of stock issuance costs$7,093
    2024cash and cash equivalents, and restricted cash, end of period$39,401
    2024accrued purchases of property, equipment and intangible assets$2,707
    2024cash and cash equivalents$30,651
    2024accounts receivable, net$19,688
    2024inventoriesMore than one value recorded for this year — open the FDD source before comparing$26,737
    2024prepaid expenses and other current assetsMore than one value recorded for this year — open the FDD source before comparing$13,608
    2024restricted cash$8,750
    2024property and equipment, net$181,224
    2024intangible assets, net$11,064
    2024assets held for sale$4,313
    2024other assets, net$13,662
    2024total assets$641,314
    2024unearned revenueMore than one value recorded for this year — open the FDD source before comparing$27,083
    2024accrued liabilities and other$42,931
    2024total liabilities$725,583
    2024retained earnings-$152,959
    2024total liabilities and stockholders' equity$641,314
    2024franchise revenue$14,941
    2024other operating$216,242
    2024occupancy$103,359
    2024depreciation and amortization$57,729
    2024selling$36,719
    2024incomeMore than one value recorded for this year — open the FDD source before comparing-$53,081
    2024interest expense$25,277
    2024total other expenses, net$24,550
    2024incomeMore than one value recorded for this year — open the FDD source before comparing-$77,631
    2024dilutedMore than one value recorded for this year — open the FDD source before comparing-$5
    2024basicMore than one value recorded for this year — open the FDD source before comparing$15,736
    2024dilutedMore than one value recorded for this year — open the FDD source before comparing$15,736
    2024foreign currency translation adjustment-$40
    2024other comprehensive income-$40
    2024total comprehensive income-$77,581
    2024gain on sale of property-$7,425
    2024amortization of debt issuance costs$2,467
    2024other, net-$114
    2024operating lease assets, net of liabilities-$1,455
    2024trade accounts payable and accrued liabilities$3,441
    2024unearned revenueMore than one value recorded for this year — open the FDD source before comparing-$1,054
    2024other operating assets and liabilities, net-$1,951
    2024net cash provided byMore than one value recorded for this year — open the FDD source before comparing$7,047
    2024purchases of property, equipment and intangible assets-$26,034
    2024net$20,000
    2024repayments of borrowings on term loan-$21,232
    2024repayments of insurance premium financing-$3,619
    2024debt issuance costs-$2,749
    2024proceeds-$299
    2024net cash provided byMore than one value recorded for this year — open the FDD source before comparing$2,536
    2024cash and cash equivalents, and restricted cash, beginning of period$31,565
    2024supplemental disclosure of cash flow information net$83
    2024interest paid$22,737
    2023franchise revenue$15,867
    2023depreciation and amortization$66,190
    2023other revenue$12,885
    2023interest expense$26,560
    2023incomeMore than one value recorded for this year — open the FDD source before comparing-$20,918
    2023cost of sales$308,962
    2023total revenues$1,303,046
    2023total costs and expenses$1,298,504
    2023dilutedMore than one value recorded for this year — open the FDD source before comparing-$1
    2023foreign currency translation adjustment$12
    2023other comprehensive income$12
    2023operating lease assets, net of liabilities-$11,841
    2023gift card breakage-$9,874
    2023gain on sale of property-$30,137
    2023trade accounts payable and accrued liabilities-$9,843
    2023net cash provided byMore than one value recorded for this year — open the FDD source before comparing$8,226
    2023net-$15,000
    2023purchase of treasury stock-$9,960
    2023net change in cash and cash equivalents, and restricted cash-$26,641
    2023supplemental disclosure of cash flow information net$454
    2023restaurant revenue$1,274,294
    2023other operating$224,999
    2023occupancy$102,761
    2023selling$34,770
    2023incomeMore than one value recorded for this year — open the FDD source before comparing$4,542
    2023interest-$1,100
    2023total other expenses, net$25,460
    2023income tax$310
    2023net income-$21,228
    2023basicMore than one value recorded for this year — open the FDD source before comparing-$1
    2023basicMore than one value recorded for this year — open the FDD source before comparing$15,835
    2023dilutedMore than one value recorded for this year — open the FDD source before comparing$15,835
    2023total comprehensive income-$21,216
    2023asset impairment$9,130
    2023amortization of debt issuance costs$2,032
    2023other, net-$794
    2023accounts receivable and other, net$397
    2023inventories-$280
    2023prepaid expenses and other current assets$1,558
    2023unearned revenue-$1,097
    2023other operating assets and liabilities, net-$899
    2023net cash provided byMore than one value recorded for this year — open the FDD source before comparing-$1,157
    2023purchases of property, equipment and intangible assets-$49,440
    2023proceeds from sales of property and equipment, and other$61,195
    2023acquisition of franchised restaurants-$3,529
    2023repayments of borrowings on term loan-$9,857
    2023repayments of finance lease obligations-$898
    2023proceeds$2,003
    2023net cash provided byMore than one value recorded for this year — open the FDD source before comparing-$33,712
    2023effect of exchange rate changes on cash$2
    2023cash and cash equivalents, and restricted cash, beginning of period$58,206
    2023cash and cash equivalents, and restricted cash, end of period$31,565
    2023interest paid$24,084
    2023accrued purchases of property, equipment and intangible assets$1,836

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

    SBA-backed loans to franchisees

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    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 and overlapping investment range. This is not a ranking or recommendation.

    BWBuffalo Wild WingsEggs Up GrillElmer’s Breakfast*Lunch*DinnerIHOP and International House of PancakesThe Melting Pot Restaurants, Inc.7 BREW

    Head-to-head comparisons

    Red Robin Restaurants vs Buffalo Wild WingsRed Robin Restaurants vs Eggs Up GrillRed Robin Restaurants vs Elmer’s Breakfast*Lunch*Dinner
    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

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