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    Franchise opportunities compared

    Five Guys vs Spitz Radwick Franchising LLC

    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 FDDSpitz Radwick Franchising LLC2026 FDD

    Initial investment · Item 7

    Five Guys

    $52,100 – $927,850

    2026 FDD · Item 7

    Spitz Radwick Franchising LLC

    $1,168,500 – $9,290,400

    2026 FDD · Item 7 · PDF p. 24

    Initial franchise fee · Item 5

    Five Guys

    $25,000

    2026 FDD · Item 5 · PDF p. 15

    Spitz Radwick Franchising LLC

    $35,000

    2026 FDD · Item 5 · PDF p. 12

    Royalty · Item 6

    Five Guys

    8%

    2026 FDD · Item 6 · PDF p. 16

    Spitz Radwick Franchising LLC

    6%

    2026 FDD · Item 6 · PDF p. 14

    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 Spitz Radwick Franchising LLC has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    Five Guys

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

    Spitz Radwick Franchising LLC

    $1,168,500 – $9,290,400
    Cash As Incurred Approved Suppliers & Employees Grand Total 14 (low end)
    2026 FDD · Item 7 · PDF p. 24
    Standard initial franchise fee (Item 5)

    Five Guys

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

    Spitz Radwick Franchising LLC

    $35,000
    2026 FDD · Item 5 · PDF p. 12
    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

    Spitz Radwick Franchising LLC

    6%
    Royalty Fee rate
    2026 FDD · Item 6 · PDF p. 14
    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

    Spitz Radwick Franchising LLC

    2%
    Marketing Fund Fee maximum — 2%
    2026 FDD · Item 6 · PDF p. 14

    System scale & health

    Total outlets (Item 20)

    Five Guys

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

    Spitz Radwick Franchising LLC

    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

    Spitz Radwick Franchising LLC

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

    Five Guys

    Not available
    No complete exit records for a year

    Spitz Radwick Franchising LLC

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

    Five Guys

    Not available
    Not in reviewed records

    Spitz Radwick Franchising LLC

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

    Five Guys

    Not available
    Not in reviewed records

    Spitz Radwick Franchising LLC

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Five Guys

    Not disclosed — no Item 19 financial performance representation

    Spitz Radwick Franchising LLC
    Locations counted not stated in the reviewed record — 21 franchised Spitz Restaurants reporting complete financial performance inform…
    $1,715,617
    other Table 1 average Gross Revenues
    2026 FDD · Item 19 · PDF p. 66
    Locations counted not stated in the reviewed record — Four affiliate-owned Spitz Restaurants for Jan. 1–Dec. 31, 2025; all four were…
    $685,359
    other Table 2 average Other Costs
    2026 FDD · Item 19 · PDF p. 66

    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 Spitz Radwick Franchising LLC: common questions

    Which costs less to open, Five Guys or Spitz Radwick Franchising LLC?
    Five Guys: $52,100 – $927,850 (2026 FDD · Item 7); Spitz Radwick Franchising LLC: $1,168,500 – $9,290,400 (2026 FDD · Item 7 · PDF p. 24). 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 Five Guys and Spitz Radwick Franchising LLC royalties compare?
    Five Guys: 8% (2026 FDD · Item 6 · PDF p. 16); Spitz Radwick Franchising LLC: 6% (2026 FDD · Item 6 · PDF p. 14). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Do Five Guys and Spitz Radwick Franchising LLC disclose financial performance (Item 19)?
    Five Guys makes no Item 19 financial performance representation; Spitz Radwick Franchising LLC has reviewed Item 19 figures for 2 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 Spitz Radwick Franchising LLC report

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

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