• Last Year Rank: 82
  • Investment Range: $785,936 - $1,198,665
  • Initial Investment: $35,000
  • Category: Restaurant
150. Freddy’s Frozen Custard & Steakburgers

Company Description

Scott Redler and brothers Bill and Randy Simon founded this burger concept in 2002. The brand is named after the Simons' father, Freddy, whose burger recipe the founders recreated for their chain.

The first Freddy's location opened in Wichita, Kansas, and the first franchised unit opened just two years later in Hutchinson, Kansas. The company is still headquartered in Wichita and has locations across the United States. Thompson Street Capital Partners acquired the chain in 2021.

While known for its burgers and frozen custard, the brand has branched out to chicken in recent years, adding grilled and crispy chicken club sandwiches to its menu in 2024.

Company Statistics

  • Global Sales: $987,571,000
  • US Units: 550
  • International Units: 0
  • Total Units: 550
  • Percent Franchised: 94%
  • % International Units: 0%
  • US Franchised Units: 515
  • International Franchised Units: 0
  • Sales Growth %: 6.8%
  • Unit Growth %: 6.8%

Sponsored information provided by the franchisor

Freddy’s Frozen Custard & Steakburgers® is a leading fast-casual franchise concept. Founded in Wichita, Kansas, in 2002, the brand offers a unique combination of cooked-to-order steakburgers, all-beef hot dogs, shoestring fries and other savory items, along with freshly churned frozen custard treats. Known for operating the Freddy’s Way, Guests experience genuine hospitality and food prepared fresh with premium ingredients.

Investment Details

  • Starting Year: 2002
  • Franchise Fee: $35,000
  • Investment Range: $794,254 - $2,327,329
  • Royalty Fee: 5%
  • Financing Available: No

Contact Information

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