Five Guys franchise cost 2026
From the 2026 Franchise Disclosure Document of FIVE GUYS FRANCHISOR, LLC, registered in Wisconsin (filing 642272, effective 8/19/2026). Every number links to the page it was read from.
| Total initial investment | $927,850 to $1,375,750 | p.20 |
| Initial franchise fee | $25,000 | p.15 |
| Royalty | 6% of Gross Sales | p.16 |
| Advertising fund | Up to 4% of Gross Sales (Currently 2%) | p.16 |
| Item 19 financial performance | No representation made | p.53 |
| Units, end of 2025 | 1,583 | p.54 |
Units by year (Item 20, Table 1)
| Type | Year | Start | End | Net change | |
|---|---|---|---|---|---|
| franchised | 2023 | 899 | 924 | 25 | p.54 |
| company owned | 2023 | 578 | 597 | 19 | p.54 |
| total | 2023 | 1,477 | 1,521 | 44 | p.54 |
| franchised | 2024 | 924 | 945 | 21 | p.54 |
| company owned | 2024 | 597 | 613 | 16 | p.54 |
| total | 2024 | 1,521 | 1,558 | 37 | p.54 |
| franchised | 2025 | 945 | 970 | 25 | p.54 |
| company owned | 2025 | 613 | 613 | 0 | p.54 |
| total | 2025 | 1,558 | 1,583 | 25 | p.54 |
Openings and closures, system totals (Item 20, Table 3)
| Year | Start | Opened | Terminated | Non-renewed | Reacquired | Ceased, other | End | |
|---|---|---|---|---|---|---|---|---|
| 2023 | 899 | 36 | 0 | 0 | 0 | 11 | 924 | p.59 |
| 2024 | 924 | 35 | 0 | 0 | 0 | 14 | 945 | p.59 |
| 2025 | 945 | 37 | 0 | 0 | 0 | 12 | 970 | p.59 |
Estimated initial investment (Item 7)
| Expenditure | Low | High | |
|---|---|---|---|
| Franchise Fee | $25,000 | $25,000 | p.19 |
| Leasehold Improvements | $500,000 | $750,000 | p.19 |
| Lease Payments and other rental expenses | $7,500 | $25,000 | p.19 |
| Furniture, Fixtures, Equipment and Decor | $300,000 | $400,000 | p.19 |
| Signage | $20,000 | $40,000 | p.19 |
| Initial Inventory | $10,000 | $15,000 | p.19 |
| Architectural/ Engineering | $15,000 | $30,000 | p.19 |
| POS Systems | $20,000 | $35,000 | p.19 |
| Travel, lodging and meals for initial training | $100 | $5,000 | p.20 |
| Business Supplies | $4,000 | $8,500 | p.20 |
| Business licenses, permits, utility deposits, etc. (for first year) | $5,000 | $15,000 | p.20 |
| Delivery and catering expenses | $500 | $1,000 | p.20 |
| Insurance deposits and premiums | $750 | $1,250 | p.20 |
| Additional Funds for first 3 months | $20,000 | $25,000 | p.20 |
| Total | $927,850 | $1,375,750 | p.20 |
Item 19: what the filing says about revenue
Five Guys makes no financial performance representation in this filing. That means the franchisor does not publish unit sales, costs or profits in the document, and no one selling you the franchise may quote you numbers outside it.p.53
Scorecard
Rank among the brands on this site that report the figure, on each list's own direction. No blended grade. How the lists work.
| Cost to open | $927,850 | rank 6 of 10 |
| Royalty plus ad fund | 10.0% | rank 8 of 10 |
| Three-year unit growth | 7.2% | rank 6 of 12 |
| Closure rate, 2025 | 1.3% | rank 8 of 11 (1 = most) |
| Discloses unit revenue | no | |
| Litigation disclosed | held | held |
Litigation (Item 3)
Item 3 has not been read for this filing yet, or the two readers disagreed and it is held for review.
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Provenance
Source: Wisconsin Department of Financial Institutions franchise filing 642272, effective 8/19/2026, expires 8/19/2027. Extracted 2026-09-03 by two independent passes; only figures both passes agreed on and that appear verbatim on the cited page are shown. How this works.