
Outback Steakhouse
Food & Beverage · Full-Service Restaurants
- Active units
- 126
- Royalty
- 5.0%
Franchised, year-end 2023
of weekly Net Sales
About Outback Steakhouse
Outback Steakhouse is an American casual dining restaurant chain specializing in Australian-inspired cuisine. Founded in 1988 by Bob Basham, Chris Sullivan, Tim Gannon, and Trudy Cooper, the company has its headquarters in Tampa, Florida, United States. The main products and services offered by Outback Steakhouse include a wide variety of grilled steaks, chicken, seafood, and pasta dishes, complemented by the signature Bloomin' Onion appetizer. The restaurant is known for its casual, friendly atmosphere and Australian-themed decor. Outback Steakhouse also offers catering services and provides a takeaway option for customers. On a global scale, Outback Steakhouse operates more than 800 restaurants across 23 countries, including the United States, Australia, Brazil, China, and Japan. The company has established noteworthy subsidiaries such as Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar. Outback Steakhouse has also entered into joint ventures and partnerships to expand its presence in international markets. In terms of market position, Outback Steakhouse is a prominent player in the casual dining industry. It is one of the largest chain restaurants in the United States and has a strong global presence. The brand faces competition from other casual dining chains such as TGI Fridays, Applebee's, and Chili's. Over the years, Outback Steakhouse has achieved several achievements and milestones. In 1993, it became a publicly-traded company listed on the NASDAQ stock exchange under the name Outback Steakhouse, Inc. The brand has continuously modified its menu and introduced new items to cater to changing consumer tastes and preferences. As of the latest updates, Outback Steakhouse continues to thrive as a popular dining destination. It has been actively expanding its footprint domestically and internationally, with a focus on innovative menu offerings and maintaining its high-quality standards. The company has also implemented technological advancements, such as online ordering and delivery, to enhance customer convenience. In conclusion, Outback Steakhouse is a well-established American restaurant chain known for its Australian-inspired cuisine. With its wide range of delicious dishes and global presence, the brand has successfully positioned itself as a leader in the casual dining industry.
Key terms
- Franchise fee
$40k
- Brand fund
2.5% of Net Sales
- Local advertising
0.2% of Net Sales
- Footprint
5,000 – 6,500 sq ft
- Development Rights Rider
$10k
- Veteran discount
Not offered
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2024 filing); filings on file: 2024, 2025.
Growth
- Total locations126
Franchised units open at year-end
- New openings0
Gross new units opened during the calendar year
- 1-year unit growth rate-0.8%
Net unit growth versus prior year
- 3-year unit CAGR-1.6%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio0.0×
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$6.4M
Midpoint of estimated initial investment range
↓ Lower is better - Time to open27 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate5.0%
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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