Nathan's Famous
Food & Beverage · Quick-Service Restaurants
- Active units
- 71
- Royalty
- 5.5%
Franchised, year-end 2024
of weekly Net Sales
About Nathan's Famous
Nathan's Famous is a renowned brand known for its delicious hot dogs and vibrant restaurants. Our menu boasts a variety of mouth-watering products, including our world-famous beef franks, crispy fries, pickles, condiments, and much more. Whether you're looking to satisfy your cravings or enjoy a satisfying meal with friends and family, Nathan's Famous has got you covered. With our convenient delivery service, you can enjoy our delectable offerings in the comfort of your own home. For those who prefer to dine out, we have numerous restaurant locations near you, making it easy to relish our iconic flavors. Additionally, we now offer nationwide shipping through Goldbelly, allowing you to experience the authentic taste of New York no matter where you are. At Nathan's Famous, we prioritize our customers' satisfaction, ensuring your information is safeguarded through our Privacy Policy. We are committed to transparency, adhering to California Privacy and Supply Chains Acts. Join our team and explore exciting career opportunities through our Careers page. Indulge in the unmistakable flavor of Nathan's Famous, where quality and taste meet in every bite.
Key terms
- Franchise fee
$30k
- Reduced initial franchise fees (case-by-case)
During most recent fiscal year, we collected reduced initial franchise fees ranging from 1,000 to 30,000 under factors such as reduced menu offerings and multi‑unit franchisees.
- Brand fund
2.5% of Net Sales
- Footprint
500 – 2,300 sq ft
- Area Development Agreement
Development fee varies based on number of Restaurants, market, demographics, and our determination of Development Area value; lump sum; non‑refundable
- Veteran discount
Not offered
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 locations75
Franchised units open at year-end
- New openings5
Gross new units opened during the calendar year
- 1-year unit growth rate-7.4%
Net unit growth versus prior year
- 3-year unit CAGR-6.6%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio0.5×
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$115k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open2 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate0.0%
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 121 of 206 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.