Freddy's Frozen Custard & Steakburgers

Freddy's Frozen Custard & Steakburgers

Frozen custard, steakburgers, hot dogs
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2021 Franchise 500 Rank
#34 Ranked #67 last year
See the Full List
Initial investment
$641K - $2.1M
Units as of 2020
386 44.6% over 3 years

Company Overview

Co-founded in 2002 by Scott Redler and Bill, Randy and Freddy Simon, Freddy's Frozen Custard & Steakburgers opened its first location in Wichita, Kansas, offering steakburgers, hot dogs, shoestring fries, and frozen custard that is freshly churned throughout the day. Today, more than 300 Freddy's restaurants serve 31 states across the U.S.

About Freddy's Frozen Custard & Steakburgers

Industry
Food
Related Categories
Frozen Custard, Ices, Hamburgers, Ice Cream
Founded
2002
Leadership
Randy Simon, President & CEO

Franchising Overview

Franchising Since
2004 (17 years)
# of employees at HQ
82
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
386 (as of 2020)

Franchisor Information

Corporate Address
260 N. Rock Rd., #200
Wichita, KS 67206

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
$25,000
Initial Investment
$640,552 - $2,077,046
Net Worth Requirement
$850,000
Cash Requirement
$250,000
Royalty Fee
4.5%
Ad Royalty Fee
0.375%
Term of Agreement
15 years
Is franchise term renewable?
Yes

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
Marketing Planning & Support
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?
No
Can this franchise be run part time?
No
# of employees required to run
30
Are exclusive territories available?
Yes

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.

Ranked #34

Franchise 500 Ranking

Ranked #87

Fastest-Growing Franchises

Ranked #82

Fastest-Growing Franchises (U.S. & Canada)

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021