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How Much Does a Milkshake Factory Franchise Cost?

2025 Franchise Disclosure Document (FDD) Data

A Milkshake Factory franchise costs between $510,492 and $772,548 in total initial investment, according to the 2025 Franchise Disclosure Document. The initial franchise fee is $60,000.

$510,492

Minimum Investment

$772,548

Maximum Investment

$60,000

Franchise Fee

$74,000 – $80,530

Fee Range

Milkshake Factory Franchise Fee

Initial Franchise Fee $60,000

Fee Range $55,000 – $60,000

Item 7 Fee Estimate $74,000 – $80,530

Milkshake Factory Total Investment Breakdown

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

Minimum Investment

Maximum Investment

Franchise Fee $74,000 – $80,530

Initial Franchise Fee $60,000

Computer System and IT Equipment (and any initial Required Software fees) $14,000 – $20,530

Real Estate $200,620 – $376,864

Leasehold Improvements $155,620 – $324,364

Architectural and Design Services $21,500 – $24,000

Real Estate and Construction Management Services $20,000

Lease - Security Deposit $3,500 – $8,500

Equipment & Assets $191,721 – $232,045

Furniture, Fixtures and Equipment ('FFE') $163,328 – $182,997

Initial Inventory (pre-opening) $14,976 – $22,604

Interior Signage $8,500 – $15,500

Signage (exterior) $4,917 – $10,944

Training $14,845 – $17,720

Training - Costs and Expenses $6,345 – $9,220

Initial Training Fee $8,500

Working Capital & Reserves $15,000 – $40,000

Additional Funds - 3 Months $15,000 – $40,000

Other Costs $14,306 – $25,389

Opening Marketing Spend $11,913 – $16,500

Business Permits and Licensing $635 – $4,499

Professional Fees $1,258 – $2,890

Insurance - Deposit and 3 Months of Premiums $500 – $1,500

Total Estimated Investment $510,492 – $772,548

How Does Milkshake Factory Compare to Other Food & Beverage Franchises?

Milkshake Factory's minimum investment of $510,492 is above the Food & Beverage industry median. The median minimum investment for Food & Beverage franchises is $316,000.

$510,492

Milkshake Factory Min

$316,000

Food & Beverage Median Min

$772,548

Milkshake Factory Max

$696,000

Food & Beverage Median Max

Investment Analysis

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Frequently Asked Questions

How much does it cost to open a Milkshake Factory?

The total startup cost for a Milkshake Factory franchise ranges from $510,492 to $772,548, according to the 2025 Franchise Disclosure Document (FDD) Item 7. The largest cost category is Real Estate at $200,620 to $376,864.

How much is the Milkshake Factory franchise fee?

The Milkshake Factory franchise fee is $60,000, with a range of $55,000 to $60,000 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 Milkshake Factory a good investment?

Milkshake Factory requires a total franchise investment of $510,492 to $772,548 and scores Legal Risk: 100/100, Training: 70/100 in our FDD analysis. See our full Milkshake Factory franchise review for a detailed assessment of risks, territory, and support.

How much does a Milkshake Factory franchise owner make?

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