
Wendy's
Quick-service restaurant- 2023 Franchise 500 Rank
-
#15 Not ranked last year
- Initial investment
-
$330K - $3.7M
- Units as of 2022
-
7,049 4.8% over 3 years
Company Overview
About Wendy's
- Industry
- Food
- Related Categories
- Hamburgers, Food: Quick Service
- Founded
- 1969
- Parent Company
- Wendy's Int'l. Inc.
- Leadership
- Todd Penegor, President & CEO
- Corporate Address
-
One Dave Thomas Blvd.
Dublin, OH 43017
Business Overview
- Franchising Since
- 1971 (52 years)
- # of employees at HQ
- 950
- Where seeking
-
This company is offering new franchisees throughout the US.
This company is offering new franchisees worldwide.
- # of Units
- 7,049 (as of 2022)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Wendy's 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
- $50,000
- Initial Investment
- $329,500 - $3,693,000
- Net Worth Requirement
- $1,000,000
- Cash Requirement
- $500,000
- Royalty Fee
- 4%
- Ad Royalty Fee
- 4%
- Term of Agreement
- 20 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Wendy's has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
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
- 900 hours
- Classroom Training
- 72 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- Are exclusive territories available?
- No
Interested in ownership opportunities like Wendy's? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Wendy's landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
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