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Freddy's Frozen Custard LLC

2014 Franchise 500
#223
At a Glance

Products & Services: Frozen custard, steakburgers, hot dogs

Number of Locations: 119

Total Investment: $522.3K - $1M

Founded: 2002

Began Franchising: 2004

About Freddy's Frozen Custard LLC

Freddy's Frozen Custard is named for WWII veteran Freddy Simon, whose sons teamed with experienced restaurateur Scott Redler to open the first Freddy's in his hometown of Wichita, Kansas, in 2002. The company began franchising in 2004. Freddy's restaurants serve steakburgers, hot dogs and frozen custard.

Franchise Units

Year U.S. Canadian International Company Owned
2014 107 0 0 12
2013 85 0 0 10
2012 64 0 0 8
2011 43 0 0 9
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Southwest, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $522,250 - $1,023,100
Franchise Fee: $25,000
Ongoing Royalty Fee: 4.5%
Term of Franchise Agreement: 15 years, renewable
Financial Requirements
Net Worth: $850,000
Liquid Cash Available: $250,000
Operations
75% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 30. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 5 weeks.
Ongoing Support: Newsletter, Meetings, Field operations/evaluations, Purchasing cooperatives
Other marketing support: Promotions

Franchise Ranking History

Franchise 500®: #223 (2014), #220 (2013), #307 (2012),

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