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How Much Does a Five Guys Franchise Cost?

2025 Franchise Disclosure Document (FDD) Data

A Five Guys franchise costs between $977,850 and $1,375,750 in total initial investment, according to the 2025 Franchise Disclosure Document. The initial franchise fee is $25,000.

$977,850

Minimum Investment

$1,375,750

Maximum Investment

$25,000

Franchise Fee

Five Guys Franchise Fee

Initial Franchise Fee $25,000

Fee Range $15,000 – $25,000

Item 7 Fee Estimate $25,000

Five Guys Total Investment Breakdown

Here is the itemized breakdown of costs to open a Five Guys franchise, as reported in the 2025 FDD Item 7 (Estimated Initial Investment).

Minimum Investment

Maximum Investment

Franchise Fee $25,000

Franchise Fee Lump Sum · On signing Franchise Agreement $25,000

Real Estate $527,500 – $820,000

Leasehold Improvements As Invoiced · As Arranged $500,000 – $750,000

Architectural/ Engineering As Invoiced · As Arranged $15,000 – $30,000

Lease Payments and other rental expenses Per Lease · Monthly $7,500 – $25,000

Business licenses, permits, utility deposits, etc. (for first year) As Arranged $5,000 – $15,000

Equipment & Assets $354,000 – $498,500

Furniture, Fixtures, Equipment and Decor As Invoiced · As Arranged $300,000 – $400,000

Signage As Invoiced · As Arranged $20,000 – $40,000

POS Systems As Invoiced · Lump Sum $20,000 – $35,000

Initial Inventory As Invoiced · As Arranged $10,000 – $15,000

Business Supplies As Invoiced · Lump Sum $4,000 – $8,500

Training $100 – $5,000

Travel, lodging and meals for initial training $100 – $5,000

Working Capital & Reserves $20,000 – $25,000

Additional Funds for first 3 months As Arranged $20,000 – $25,000

Other Costs $51,250 – $2,250

Insurance deposits and premiums As Invoiced · As Arranged $750 – $1,250

Delivery and catering expenses $500 – $1,000

Total Estimated Investment $977,850 – $1,375,750

How Does Five Guys Compare to Other Food & Beverage Franchises?

Five Guys's minimum investment of $977,850 is above the Food & Beverage industry median. The median minimum investment for Food & Beverage franchises is $316,000.

$977,850

Five Guys Min

$316,000

Food & Beverage Median Min

$1,375,750

Five Guys Max

$696,000

Food & Beverage Median Max

Investment Analysis

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Frequently Asked Questions

How much does it cost to open a Five Guys?

The total startup cost for a Five Guys franchise ranges from $977,850 to $1,375,750, according to the 2025 Franchise Disclosure Document (FDD) Item 7. The largest cost category is Real Estate at $527,500 to $820,000.

How much is the Five Guys franchise fee?

The Five Guys franchise fee is $25,000, with a range of $15,000 to $25,000 depending on the agreement, as disclosed in the 2025 FDD. This is a one-time upfront fee paid to the franchisor and is separate from the total initial investment.

Is Five Guys a good investment?

Five Guys requires a total franchise investment of $977,850 to $1,375,750 and scores Legal Risk: 92/100, Training: 100/100 in our FDD analysis. See our full Five Guys franchise review for a detailed assessment of risks, territory, and support.

How much does a Five Guys franchise owner make?

Five Guys's 2025 FDD does not include Item 19 financial performance data, so franchise owner earnings figures are not publicly available from this source.