Five Guys Franchise: Cost, Fees & Earnings
1,583 locations (2025), +1.6% YoY(Item 20)
A Five Guys franchise requires an estimated total investment of $927,850 to $1,375,750, including a $15,000 initial franchise fee (latest FDD, Item 7). Franchisees pay an ongoing royalty of 6% (Item 6). Five Guys does not disclose unit-level earnings in Item 19 of its FDD.
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Initial Investment
$927,850 – $1,375,750
Source: FDD, Item 7
Franchise Fee
$15,000
Source: FDD, Item 5
Royalty
6%
Source: FDD, Item 6
Five Guys Franchise Key Facts
| Metric | Value | Source |
|---|---|---|
| Initial Investment | $927,850 – $1,375,750Source: FDD, Item 7 | |
| Initial Franchise Fee | $15,000 – $25,000Source: FDD, Item 5 | |
| Royalty | 6%Source: FDD, Item 6 | |
| Median Revenue (AUV) | Five Guys does not disclose unit-level earnings in Item 19 of its FDD.Source: Item 19 | |
| Total Locations | 1,583 (2025)Source: Item 20 |
Five Guys Franchise Fees
Initial franchise fee(Item 5)
$15,000 – $25,000
Ongoing royalty(Item 6)
6%
National ad / brand fund(Item 6)
2%
Local marketing spend(Item 6)
2%
Technology fee(Item 6)
$5,000
Buildout / construction(Item 7)
$500,000 – $750,000
Additional Item 5–6 fees (transfer, renewal, area development, and any veteran discounts) are not yet parsed on Franchable — see the brand's FDD for the full fee schedule.
About Five Guys
Five Guys is a fast casual dining restaurant franchise specializing in the sale of hamburgers, french fries, and related accompaniments. Restaurants are typically located in retail shopping centers and urban locations, ranging between 2,000 and 3,000 square feet, and operate under a comprehensive system featuring distinctive signage, special recipes, and uniform operational standards.
What Five Guys' FDD Discloses
In 2024, Five Guys' franchised system recorded 35 franchised openings, 14 closures (Item 20).
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Explore all brands →AUV Trend — Multi-Year Median Revenue
Additional Item 19 Analysis
Deeper Item 19 Analysis (Charts 3–6)
Openings & Closings, Transfer Rates, Franchise vs Corporate Mix
Five Guys vs Competitors
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Five Guys Franchise FAQ
How much does a Five Guys franchise cost?
Per Item 7 of the latest Franchise Disclosure Document, the estimated initial investment ranges from $927,850 to $1,375,750.
What is the Five Guys franchise fee?
The FDD reports an initial franchise fee of $15,000 to $25,000.
What royalty does Five Guys charge?
The FDD reports an ongoing royalty of 6%.
How much does a Five Guys franchise owner make?
Five Guys does not disclose unit-level earnings in Item 19 of its FDD, so a reliable owner-income figure isn't available from its filing. Ask the franchisor for validation contacts and review the full FDD before relying on any earnings estimate.
Can I finance a Five Guys franchise with an SBA loan?
Many franchise purchases are financed with SBA 7(a) loans covering a large share of the total project cost. You can check what you'd qualify for with Franchable's free SBA prequalification.
Data sourced from the brand's Franchise Disclosure Document. Franchable is not affiliated with or endorsed by Five Guys. This is not an offer to sell a franchise. Individual results vary.