Franchise opportunities compared
Five Guys vs Licensed Location
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.
Initial investment · Item 7
Five Guys
$52,100 – $927,850
2026 FDD · Item 7Licensed Location
Not available
Initial franchise fee · Item 5
Five Guys
$25,000
2026 FDD · Item 5 · PDF p. 15Licensed Location
Not available
Royalty · Item 6
Five Guys
8%
2026 FDD · Item 6 · PDF p. 16Licensed Location
Not available
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 neither brand has reviewed Item 19 figures here.
Financial commitment
Five GuysFive Guys
Licensed Location
Five Guys
Licensed Location
Five Guys
Licensed Location
Five Guys
Licensed Location
System scale & health
Five GuysFive Guys
Licensed Location
Five Guys
Licensed Location
Five Guys
Licensed Location
Five Guys
Licensed Location
Five Guys
Licensed Location
Financial performance (Item 19), by location group
Five GuysNot disclosed — no Item 19 financial performance representation
No reviewed Item 19 figures
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.
Five Guys vs Licensed Location: common questions
- Which has more locations, Five Guys or Licensed Location?
- Five Guys: 1,583 (2026 FDD · Item 20 · PDF p. 54); Licensed Location: 0 (2026 FDD · Item 20 · PDF p. 47). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
- Do Five Guys and Licensed Location disclose financial performance (Item 19)?
- Five Guys makes no Item 19 financial performance representation; Licensed Location has no reviewed Item 19 figures on file. Different location groups are not directly comparable, and revenue is not profit.
Answers restate the reviewed figures above. Not a ranking or recommendation.
Keep researching
Full Five Guys report
Every reviewed fee, Item 19 group, outlet table and territory disclosure
Full Licensed Location report
Every reviewed fee, Item 19 group, outlet table and territory disclosure
