Who is the ideal partner for Freddy’s Frozen Custard & Steakburgers franchise development?
When we evaluate potential franchisees, we first and foremost look for people who share our commitment to the best hospitality and quality. We’re currently seeking experienced and sophisticated multi-unit operators who are willing to develop at least four restaurant locations within a negotiated territory and are passionate about taking care of Guests in the fast-paced food industry.
What are the minimum financial requirements for new franchisees?
Candidates looking to open a new Freddy’s restaurant franchise must have $250,000 in liquid assets available for investment and a collective minimum net worth of $850,000.
How much is the franchise fee for a Freddy’s Frozen Custard & Steakburgers restaurant?
The initial franchise fee for a single restaurant is $25,000 with ongoing royalties of 4.5% of gross sales and an ad royalty fee of 0.375%. Please request a copy of our company FDD for a complete listing of all fees and expenses.
How much do I need to invest?
Excluding the cost of the real estate, estimated initial investment ranges from $592,810 to $1,999,117, depending on the size of your restaurant, actual construction cost, permit requirements, and special lease provisions, if any.
What does a Franchise Agreement include?
The franchise agreement entitles you to own and operate a Freddy’s Frozen Custard & Steakburgers restaurant, use of the trade name, trademarks, recipes, menu, business methods and décor scheme.
Where is Freddy’s seeking new franchisees in the U.S.?
Franchise opportunities remain in areas across the U.S., including Florida and states in the Northeast, West Coast & Upper Midwest.
Are you franchising internationally?
Yes! We are currently seeking experienced restaurant operators in top markets across the globe. Our first international locations are slated to open in Dubai in 2019.
After my Franchise Agreement has been signed, how soon can I expect to open my restaurant?
We generally expect a restaurant to open in 8-18 months, depending on the location, demographics and prototype construction, as well as whether you are leasing or buying the property.
What support can I count on during the initial steps after I sign the Franchise Agreement?
Freddy’s franchisees receive extensive support and training to ensure they’re positioned for success and growth from the start. Specific areas of support include:
• Assistance offered from Freddy’s real estate team with site selection, facility planning, restaurant layout, and fixture and equipment specifications and ordering
• Comprehensive in-restaurant training program for management personnel
• Advertising, marketing guidance, including pre- and post-opening public relations support for the Freddy’s brand in your market
• Creation and support of all social media profiles and presence.
• Operations and training support
• Continued field support and ongoing guidance consultation from the Freddy’s team following restaurant opening
How many management personnel does it take to run a Freddy’s Frozen Custard & Steakburgers restaurant?
We generally expect between four and six management personnel per restaurant location. The actual number of management personnel you use will depend on many factors, including your future development schedule, training and sales volumes.
I am interested in opening a franchise. How do I get started?
If you are an experienced restaurant operator, are passionate about service and hospitality, and you meet our minimum financial requirements, please complete and submit our Franchise Information Request Form.