Restaurants

Five Guys franchise

Burgers, fries and shakes.

Opening investment: $927,850–$1,375,750
U.S. locations: 1,511

Opening costs and fees

$927,850–$1,375,750

Opening costs vary by format, location and lease terms.

Operating formats

Single Restaurant (2,000–3,000 sq ft strip center or urban location)

$927,850–$1,375,750

2026 FDD Item 7

Includes $25,000 initial franchise fee, $500,000–$750,000 leasehold improvements, $300,000–$400,000 furniture, fixtures, equipment and decor, and $20,000–$25,000 additional funds for three months.

Key ongoing fees

Royalty Fee: 6% of Gross Sales (8% in Alaska, Hawaii, or Puerto Rico; paid weekly on Wednesdays).Weekly
Creative Fund, Local & Cooperative Advertising: Currently 2% of Gross Sales Creative Fund (up to 4% cap) + at least 2% Local Advertising (including up to 1.5% Co-Op; 4% aggregate cap).Weekly
POS Cash Register Upgrades & Training Fees: Approximately $5,000 as incurred for POS/cash register upgrades; $1,500/person for additional/replacement personnel training.One-time

Selected ongoing charges, not a complete fee schedule. Confirm the current FDD and the terms for your format.

Locations

1,511 U.S. locations (2025 · Calculated).

Existing locations do not establish that a new territory is available. Confirm your market with the franchisor.

Sources and figure notes

Reporting periods and scope

U.S. locations

Five Guys had 1,511 U.S. restaurants at year-end 2025, calculated from 898 U.S. franchised restaurants plus 613 U.S. company restaurants. The 72 Canadian franchises are excluded. The filing does not print 1,511 as its combined table total.

Opening investment

$927,850–$1,375,750 for a Single Five Guys Restaurant (approximately 2,000–3,000 sq ft in a strip shopping center or urban location). Includes $25,000 initial franchise fee, $500,000–$750,000 leasehold improvements, $300,000–$400,000 furniture, fixtures and equipment, and $20,000–$25,000 additional funds for three months.

Research snapshot: . Sources and methodology

Compare independent startup vs. franchise economics

Compare Five Guys’s franchise model against starting or buying an independent business in burgers (line-item CapEx, 0%-royalty owner SDE margins & SBA resale multiples):