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    Franchise opportunities compared

    Cheba Hut 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.

    CHCheba Hut2026 FDDFive Guys2026 FDD

    Initial investment · Item 7

    Cheba Hut

    $631,150 – $2,086,100

    2026 FDD · Item 7 · PDF p. 22

    Five Guys

    $52,100 – $927,850

    2026 FDD · Item 7

    Initial franchise fee · Item 5

    Cheba Hut

    $50,000

    2026 FDD · Item 5 · PDF p. 11

    Five Guys

    $25,000

    2026 FDD · Item 5 · PDF p. 15

    Royalty · Item 6

    Cheba Hut

    5%

    2026 FDD · Item 6 · PDF p. 13

    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 Cheba Hut has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    Cheba Hut

    $631,150 – $2,086,100
    Total estimated initial investment — single-store low estimate
    2026 FDD · Item 7 · PDF p. 22

    Five Guys

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

    Cheba Hut

    $50,000
    2026 FDD · Item 5 · PDF p. 11

    Five Guys

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

    Cheba Hut

    5%
    Royalty: 5% of prior-week Net Sales, due each Wednesday
    2026 FDD · Item 6 · PDF p. 13

    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)

    Cheba Hut

    4.2%
    Brand Fund contribution may increase up to 4.20% of weekly Net Sales upon written notice — 4.2%
    2026 FDD · Item 6 · PDF p. 14

    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)

    Cheba Hut

    83
    Outlets at end of 2025
    2025 FDD · Item 20 · PDF p. 47

    Five Guys

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

    Cheba Hut

    +32
    Calculated: 51 at end of 2022 → 83 at end of 2025

    Five Guys

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

    Cheba Hut

    Not available
    No complete exit records for a year

    Five Guys

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

    Cheba Hut

    Not available
    Not in reviewed records

    Five Guys

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

    Cheba Hut

    Not available
    Not in reviewed records

    Five Guys

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    CHCheba Hut
    Locations counted not stated in the reviewed record — Full reporting
    49.33 percent
    other Full reporting
    2026 FDD · Item 19 · PDF p. 53
    Locations counted not stated in the reviewed record — Franchised
    $610,724
    other Franchised
    2026 FDD · Item 19 · PDF p. 54
    Locations counted not stated in the reviewed record — Affiliate
    $2,040,101
    other Affiliate
    2026 FDD · Item 19 · PDF p. 54
    +6 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.

    Cheba Hut vs Five Guys: common questions

    Which costs less to open, Cheba Hut or Five Guys?
    Cheba Hut: $631,150 – $2,086,100 (2026 FDD · Item 7 · PDF p. 22); Five Guys: $52,100 – $927,850 (2026 FDD · Item 7). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Five Guys. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    How do Cheba Hut and Five Guys royalties compare?
    Cheba Hut: 5% (2026 FDD · Item 6 · PDF p. 13); 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, Cheba Hut or Five Guys?
    Cheba Hut: 83 (2025 FDD · Item 20 · PDF p. 47); 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 Cheba Hut and Five Guys disclose financial performance (Item 19)?
    Cheba Hut has reviewed Item 19 figures for 9 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

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    Full Cheba Hut 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

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