Five Guys franchise: cost, fees and total investment
Short answer: The Five Guys franchise fee is $25,000 and the total initial investment ranges from $977,850 to $1,375,750, with about $215,000 in liquid cash required, based on franchise disclosure data compiled in October 2026. Confirm current figures in Items 5 and 7 of the Five Guys FDD.
What are the Five Guys franchise fees and investment?
The Five Guys franchise requires a franchise fee of $25,000 and a total initial investment of $977,850 to $1,375,750. The franchise fee is one line inside the total investment, which also covers location, equipment, opening inventory and working capital.
| Franchise fee (FDD Item 5) | $25,000 |
|---|---|
| Total initial investment (FDD Item 7) | $977,850 to $1,375,750 |
| Minimum liquid cash | $215,000 |
| US locations | 1,488 |
| Industry | Food & Restaurant (Quick Service) |
| Headquarters | Alexandria, Virginia |
| Founded | 1986 |
| Franchising since | 2003 |
How does the Five Guys investment compare with other food & restaurant franchises?
Five Guys's minimum investment of $977,850 is above the median minimum investment of $297,082 across the 1213 food & restaurant franchises in the SelectFranchiseList database. 138 of the other 1211 brands in this industry start at a higher investment. Its franchise fee starting at $25,000 compares with an industry median of $35,000.
By minimum investment, Five Guys belongs with franchises over $500,000.
What should you verify in the Five Guys FDD?
Verify six parts of the Five Guys Franchise Disclosure Document before you sign, because figures change with every annual FDD:
- Item 5 and Item 6: the current franchise fee, royalty, marketing fund and technology fees.
- Item 7: the full investment range by expense line, including working capital.
- Item 19: whether Five Guys discloses financial performance data, and which units it covers.
- Item 20: openings, closures and transfers, plus contacts for current and former franchisees.
- Item 21: the franchisor's audited financial statements.
- Item 12: whether your territory is protected.
The full list of Items is in the FDD guide. You must receive the FDD at least 14 calendar days before you sign a binding agreement or pay any money.
Which franchises are similar to Five Guys?
These food & restaurant franchises have the closest minimum investment to Five Guys:
| Franchise | Franchise fee | Total investment |
|---|---|---|
| Tim Hortons | $50,000 | $978,000 to $1,772,500 |
| Brixx Wood Fired Pizza | $45,000 | $979,550 to $1,571,000 |
| HuHot Mongolian Grill | $10,000 to $40,000 | $984,000 to $1,219,000 |
| Glass Nickel Pizza Co | $25,000 to $35,000 | $986,500 to $1,708,500 |
| Hotshots | $50,000 | $969,000 to $2,156,000 |
See every brand in food & restaurant franchises.
Frequently asked questions
How much does a Five Guys franchise cost?
The total initial investment for a Five Guys franchise ranges from $977,850 to $1,375,750, including a franchise fee of $25,000, according to franchise disclosure data compiled in October 2026. The exact amount depends on location, build-out and working capital, as shown in Item 7 of the FDD.
How much cash do you need to open a Five Guys franchise?
Five Guys lists a minimum of about $215,000 in liquid cash. Lenders usually finance part of the remaining investment, and the franchisor confirms its capital requirements during qualification.
How many Five Guys locations are there?
Five Guys reported 1,488 US locations in the data compiled in October 2026. Item 20 of the FDD shows openings, closures and transfers for the last three years.
How long has Five Guys been franchising?
Five Guys started offering franchises in 2003 after the company was founded in 1986.
Figures are compiled from franchise disclosure data and public franchise listings as of October 2026 and may have changed. Five Guys and its trademarks belong to their owner; SelectFranchiseList is not affiliated with or endorsed by Five Guys. This page is not an offer to sell a franchise. Only the franchisor's current FDD is authoritative.