Franopolis
    BRvs

    Franchise opportunities compared

    Bojangles Restaurant vs Five Guys

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    BRBojangles Restaurant2026 FDDFive Guys2026 FDD

    Initial investment · Item 7

    Bojangles Restaurant

    Not available

    Five Guys

    $52,100 – $927,850

    2026 FDD · Item 7

    Initial franchise fee · Item 5

    Bojangles Restaurant

    Not available

    Five Guys

    $25,000

    2026 FDD · Item 5 · PDF p. 15

    Royalty · Item 6

    Bojangles Restaurant

    4%

    2026 FDD · Item 6 · PDF p. 22

    Five Guys

    8%

    2026 FDD · Item 6 · PDF p. 16

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Five Guys discloses more than one business format, so the investment range spans formats; the full report breaks them out.
    • Only Bojangles Restaurant has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    Bojangles Restaurant

    Not available
    No reviewed Item 7 total

    Five Guys

    $52,100 – $927,850
    2026 FDD · Item 7
    Standard initial franchise fee (Item 5)

    Bojangles Restaurant

    Not available
    No single standard fee identified

    Five Guys

    $25,000
    2026 FDD · Item 5 · PDF p. 15
    Royalty (Item 6)

    Bojangles Restaurant

    4%
    Royalty
    2026 FDD · Item 6 · PDF p. 22

    Five Guys

    8%
    s. If the Restaurant is located in Alaska, Hawaii or Puerto Rico, the Royalty Fee is — 8%
    2026 FDD · Item 6 · PDF p. 16
    Brand / advertising fund (Item 6)

    Bojangles Restaurant

    1%
    Marketing Development Fund — 1%
    2026 FDD · Item 6 · PDF p. 22

    Five Guys

    $250
    , depending on your advertising needs When billed Prohibited Product or Service Fine — 250
    2026 FDD · Item 6 · PDF p. 16

    System scale & health

    Total outlets (Item 20)

    Bojangles Restaurant

    867
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 77

    Five Guys

    1,583
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 54
    Net outlet change (Item 20)

    Bojangles Restaurant

    +50
    Calculated: 817 at end of 2023 → 867 at end of 2025

    Five Guys

    +62
    Calculated: 1,521 at end of 2023 → 1,583 at end of 2025
    Outlet exits (Item 20)

    Bojangles Restaurant

    Not available
    No complete exit records for a year

    Five Guys

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    Bojangles Restaurant

    Not available
    Not in reviewed records

    Five Guys

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    Bojangles Restaurant

    Not available
    Not in reviewed records

    Five Guys

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    BRBojangles Restaurant
    Locations counted not stated in the reviewed record — Bojangles franchised full-size restaurants with the Bone-In Chicken menu, fisca…
    $2,457,841
    other Bone-in full-size franchised avg gross sales
    2026 FDD · Item 19 · PDF p. 68
    Locations counted not stated in the reviewed record — Bojangles company-operated full-size restaurants with Bone-In Chicken menu, fis…
    $2,192,197
    other Bone-in full-size company-operated avg gross sales
    2026 FDD · Item 19 · PDF p. 68
    Locations counted not stated in the reviewed record — Bojangles franchised Express Restaurants, fiscal year 2025 (December 30, 2024 t…
    $1,937,055
    other Express franchised avg gross sales
    2026 FDD · Item 19 · PDF p. 73
    +3 more groups in the full report
    Five Guys

    Not disclosed — no Item 19 financial performance representation

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    Bojangles Restaurant vs Five Guys: common questions

    How do Bojangles Restaurant and Five Guys royalties compare?
    Bojangles Restaurant: 4% (2026 FDD · Item 6 · PDF p. 22); Five Guys: 8% (2026 FDD · Item 6 · PDF p. 16). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, Bojangles Restaurant or Five Guys?
    Bojangles Restaurant: 867 (2026 FDD · Item 20 · PDF p. 77); Five Guys: 1,583 (2026 FDD · Item 20 · PDF p. 54). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Bojangles Restaurant and Five Guys disclose financial performance (Item 19)?
    Bojangles Restaurant has reviewed Item 19 figures for 6 location groups; Five Guys makes no Item 19 financial performance representation. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

    Keep researching

    BR

    Full Bojangles Restaurant report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full Five Guys report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Compare Bojangles Restaurant with

    Compare Five Guys with

    Add a third brand

    Compare up to four side by side

    Explore by brand

    Filter every published report

    FDD glossary

    Plain-language meaning of each Item