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    Franchise opportunities compared

    Five Guys vs Qdoba

    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.

    Five Guys2026 FDDQdoba2025 FDD

    Initial investment · Item 7

    Five Guys

    $52,100 – $927,850

    2026 FDD · Item 7

    Qdoba

    Not available

    Initial franchise fee · Item 5

    Five Guys

    $25,000

    2026 FDD · Item 5 · PDF p. 15

    Qdoba

    Not available

    Royalty · Item 6

    Five Guys

    8%

    2026 FDD · Item 6 · PDF p. 16

    Qdoba

    5%

    2025 FDD · Item 6 · PDF p. 17

    Before you compare

    • Five Guys figures come from its 2026 FDD and Qdoba figures from its 2025 FDD, so the years differ.
    • Five Guys discloses more than one business format, so the investment range spans formats; the full report breaks them out.
    • Only Qdoba has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    Five Guys

    $52,100 – $927,850
    2026 FDD · Item 7

    Qdoba

    Not available
    No reviewed Item 7 total
    Standard initial franchise fee (Item 5)

    Five Guys

    $25,000
    2026 FDD · Item 5 · PDF p. 15

    Qdoba

    Not available
    No single standard fee identified
    Royalty (Item 6)

    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

    Qdoba

    5%
    Royalty rate
    2025 FDD · Item 6 · PDF p. 17
    Brand / advertising fund (Item 6)

    Five Guys

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

    Qdoba

    6%
    Marketing fee maximum — 6%
    2025 FDD · Item 6 · PDF p. 17

    System scale & health

    Total outlets (Item 20)

    Five Guys

    1,583
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 54

    Qdoba

    Not available
    No reviewed outlet counts
    Net outlet change (Item 20)

    Five Guys

    +62
    Calculated: 1,521 at end of 2023 → 1,583 at end of 2025

    Qdoba

    Not available
    Only one year reported
    Outlet exits (Item 20)

    Five Guys

    Not available
    No complete exit records for a year

    Qdoba

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

    Five Guys

    Not available
    Not in reviewed records

    Qdoba

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

    Five Guys

    Not available
    Not in reviewed records

    Qdoba

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Five Guys

    Not disclosed — no Item 19 financial performance representation

    Qdoba
    Locations counted not stated in the reviewed record — Franchised Qdoba restaurants open and franchisee-operated for all three fiscal…
    $422,629
    other 2025
    2025 FDD · Item 19 · PDF p. 59
    Locations counted not stated in the reviewed record — Franchised Qdoba restaurants open and franchisee-operated for all three fiscal…
    5.6 percent
    other 2023
    2025 FDD · Item 19 · PDF p. 59
    Locations counted not stated in the reviewed record — Franchised Qdoba restaurants open and franchisee-operated for all three fiscal…
    390 units
    other 2023
    2025 FDD · Item 19 · PDF p. 59
    +4 more groups in the full report

    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 Qdoba: common questions

    How do Five Guys and Qdoba royalties compare?
    Five Guys: 8% (2026 FDD · Item 6 · PDF p. 16); Qdoba: 5% (2025 FDD · Item 6 · PDF p. 17). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Do Five Guys and Qdoba disclose financial performance (Item 19)?
    Five Guys makes no Item 19 financial performance representation; Qdoba has reviewed Item 19 figures for 7 location groups. 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

    Full Five Guys report

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

    Full Qdoba report

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

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    FDD glossary

    Plain-language meaning of each Item