Five Guys franchise research

Investment by format

Format-specific estimates only. Do not combine one format's minimum with another format's maximum.

Investment sourceFDD · page not captured ↗

Franchise fees and ongoing costs

Franchise fee

$25,350 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review.

Royalty

Not captured

Marketing contribution

Not captured

Technology fee

Not captured

Other fees

Not captured

Working capital (FDD Item 7)

Not captured

Fees sourceFDD · page not captured ↗

Franchise fee sourceFDD · page not captured ↗

Financial performance: Item 19

Item 19 captured

Not captured

Metric / basis

Not captured

Reporting period

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Sample

Not captured

Reported average

Not captured

Reported median

Not captured

Owner income is not captured. Gross sales and EBITDA are not owner pay. Results depend on the disclosed metric, sample and period; consult the full filing.

Item 19 performance sourceFDD · page not captured ↗

Unit growth: Item 20

Reporting year

Not captured

Scope

franchised outlets

Starting outlets

Not captured

Year-end outlets

Not captured

Net change

Not captured

Derivation

Not captured: comparable counts or complete movements missing

Openings

Not captured

Terminations

Not captured

Non-renewals

Not captured

Other closures

Not captured

Reacquisitions

Not captured

Transfers

Not captured

Transfers are not closures. Net change is ending minus starting outlets for the stated scope and year, or complete openings less terminations, non-renewals, other closures and reacquisitions. Missing inputs stay unknown.

Unit growth sourceFDD · page not captured ↗

SBA loan history

Loan activity

6 approvals

Activity window

FY2021-FY2026 YTD; snapshot 2026-06-30

Median SBA loan

$500,000

Median loan window

FY2023-FY2026 YTD through 2026-06-30

Median loan sample

1 loans

Historical charge-off share

0.00%

Cohort

7(a) FY2010-2019 approvals

Numerator / denominator

0 / 59

Formula

CHGOFF / (PIF + CHGOFF + EXEMPT) × 100

This is a historical loan-level share, not a franchise failure probability or location survival rate. Loan size is not total investment. Other loan statuses are excluded from the seasoned denominator. Activity combines 7(a) and 504 approvals, excluding canceled and not-funded records; this is not a rolling five-year count. FY2024-25 franchise tags are sparse after directory suspension; fewer tagged loans do not establish brand decline. Recent charge-off cohorts are immature.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median loan amounts are financing context, not startup cost. The median window is separate from the seasoned charge-off cohort.

Median SBA loan sourceSBA data · Jun 30, 2026 ↗

Questions before you invest

How much does Five Guys franchise cost?

standard restaurant under Development Agreement (excludes $50,000 Development Agreement fee, $125,000 for AK/HI/PR, plus $2,100 transportation expenses, all paid separately): $927,850 to $1,375,750 These are format-specific estimates, not a guaranteed cash requirement. Franchise fee: $25,350 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review..

Investment sourceFDD · page not captured ↗

Franchise fee sourceFDD · page not captured ↗

How much do Five Guys owners make?

Owner income is not captured. Gross sales and EBITDA are not owner pay.

Item 19 performance sourceFDD · page not captured ↗

What's the SBA charge-off rate for Five Guys?

0.00%; numerator / denominator: 0 / 59. Historical 7(a) FY2010-2019 approvals; CHGOFF / (PIF + CHGOFF + EXEMPT) × 100, snapshot 2026-06-30. This is not a franchise failure probability. Median SBA loan: $500,000; window: FY2023-FY2026 YTD through 2026-06-30; sample: 1 loans. Median financing is not total investment.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median SBA loan sourceSBA data · Jun 30, 2026 ↗