Five Guys Burgers and Fries
Food & Beverage · Fast-Casual Restaurants
- Active units
- 875
- Royalty
- 6.0%
Franchised, year-end 2024
of weekly Net Sales
About Five Guys Burgers and Fries
Detailed brand overview is not available yet for this profile.
Key terms
- Franchise fee
$25k
- Partial refund policy
If no approved location within 6 months after signing first Franchise Agreement, franchisor may terminate and refund 75% of Franchise Fee.
- Alaska, Hawaii and Puerto Rico Franchise Fee
Franchise Fee set at $25,000 per store in these markets.
- Brand fund
4.0% of Net Sales
- Local advertising
2.0% of Net Sales
- Footprint
2,000 – 3,000 sq ft
- Development Fee (per Restaurant)
$50k
- Development Fee (Alaska, Hawaii and Puerto Rico)
$125k
- Transportation Expenses (Development)
$2k
- Veteran discount
Reduce Franchise Fee by $10,000 to $15,000 for your first Restaurant only; must be an honorably discharged veteran and full-time on-site owner/operator; must also sign a Development Agreement.
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2025 filing); filings on file: 2024, 2025.
Growth
- Total locations875
Franchised units open at year-end
- New openings32
Gross new units opened during the calendar year
- 1-year unit growth rate2.2%
Net unit growth versus prior year
- 3-year unit CAGR2.6%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio2.5×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$1.2M
Midpoint of estimated initial investment range
↓ Lower is better - Time to open15 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate6.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Location footprint
Showing 668 of 840 mapped locations
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.