Freddy's Frozen Custard & Steakburgers

Frozen custard, steakburgers, hot dogs
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Franchise 500 2023
2024 Franchise 500 Rank
#67 Ranked #70 last year
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Initial investment
$794K - $2.5M
Units as of 2023
490 Increase 26.9% over 3 years

Founded in 2002, Freddy's Frozen Custard & Steakburgers is a fast-casual burger company named after Freddy Simon, a war veteran. The first Freddy's opened in Wichita, Kansas, which is where it is headquartered today. The company offers a unique combination of freshly churned frozen custards and ground beef steakburgers.

Today, the company offers chocolate and vanilla frozen custard with a wide range of mix-ins and toppings. Freddy’s Frozen Custard & Steakburgers has over 350 locations across the United States, as well as a few international locations. 

The franchise has been ranked on Entrepreneur's Franchise 500 multiple times in the past decade. This ranking is based on an evaluation of more than 150 data points. These include areas in costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

Why You May Want to Start a Freddy's Frozen Custard & Steakburgers Franchise

Freddy's Frozen Custard & Steakburgers' ease of operations and well-priced menu may make it a desirable franchise to operate. By opening a Freddy’s Frozen Custard & Steakburgers franchise, you may take advantage of fairly low-cost real estate to establish a venue in the competitive restaurant environment. The company’s sleek concept design and well-thought-out pricing structure may make it an established eatery.

Instead of adopting a dollar-menu model, Freddy's Frozen Custard & Steakburgers focuses on improving the quality of dessert treats and meals. This approach may ensure that all customers in your community receive their money's worth of food. By starting this franchise, you may join a brand that runs an exciting chain of restaurants. The franchisor's core value of hospitality towards its guests is what keeps many customers returning.

What Might Make Freddy's Frozen Custard & Steakburgers Franchise a Good Choice?

Several variables go into how much you make as a Freddy's Frozen Custard & Steakburgers franchisee. However, Freddy's Frozen Custard & Steakburgers typically ensures that you open your franchise with full awareness of the pros and cons. By connecting you with an existing franchise owner, the company generally provides you with the opportunity to identify key points and understand the ins and outs of the business.

Over the years, Freddy's Custard & Steakburgers has built a loyal customer base for its wide range of products. As part of their hospitality, the company has developed a culture of free sharing of insights between franchisees' families. 

As a franchised business, Freddy's Custard & Steakburgers may be predictable and reliable. To start this franchise, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. Additionally, you should be prepared for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

How Do You Start a Freddy's Frozen Custard & Steakburgers Franchise?

If you're ready to help bring guests to Freddy's Frozen Custard & Steakburgers again and again, it might be time to apply. You'll usually have a chance to chat with the franchise development team, who will usually provide you with a Franchise Disclosure Document. Freddy’s Frozen Custard & Steakburgers may then give an initial confirmation that you qualify as a franchise owner.

After you qualify, the franchisor typically invites you to meet Freddy's Frozen Custard & Steakburgers team in Wichita, Kansas. If the opportunity is right for you, you'll be able to work with their representatives to confirm your number of restaurants, territory and sign the development agreement. After this, you may be taken through training and become a part of the Freddy's Frozen Custard & Steakburgers team.

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Company Overview

About Freddy's Frozen Custard & Steakburgers

Industry Food
Related Categories Hamburgers, Ices, Ice Cream, Frozen Custard
Founded 2002
Leadership Chris Dull, President & CEO
Corporate Address 260 N. Rock Rd., #200
Wichita, KS 67206
Social Facebook, Twitter, LinkedIn, Instagram, YouTube, Pinterest

Business Overview

Franchising Since 2004 (20 years)
# of employees at HQ 109
Where seeking

This company is offering new franchises throughout the US.

This company is offering new franchises worldwide.

# of Units 490 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Freddy's Frozen Custard & Steakburgers franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$30,000
Initial Investment Information Circle
$794,254 - $2,523,239
Net Worth Requirement Information Circle
$850,000
Cash Requirement Information Circle
$250,000 - $800,000
Royalty Fee Information Circle
4.5%
Ad Royalty Fee Information Circle
1.5%-3%
Term of Agreement Information Circle
15 years
Is franchise term renewable? Yes
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Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 348 hours
Classroom Training 67 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 30
Are exclusive territories available? Information Circle
Yes
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Franchise 500 Ranking History

Compare where Freddy's Frozen Custard & Steakburgers landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Freddy's Frozen Custard & Steakburgers ranked on other franchise lists? Find out below.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022