Franchises · 2026 FDD · Wisconsin DFI filing 642272
Five Guys franchise cost, unit revenue and closures
Opening a Five Guys cost $927,850 to $1,375,750 in the 2026 FDD; the franchisor gives no unit revenue figure; 4.1% of franchised units closed over three years.
Franchisor: Five Guys Franchisor, LLC. FDD issued 2026-06-30. Fiscal year end 2025-12-31. Figures re-found on the cited page 2026-11-03.
What a unit costs to open
a second table totals the fees paid to the franchisor per restaurant ($52,100; $127,100 in Alaska, Hawaii and Puerto Rico).
What a unit pays the franchisor
| Initial franchise fee | $25,000 | Item 5, p. 8 |
|---|---|---|
| Royalty | 6% of Gross Sales, weekly (8% in Alaska, Hawaii and Puerto Rico) | Item 6, p. 9 |
| Advertising fund | Creative Fund up to 4% of Gross Sales (currently 2%), plus local advertising of at least 2% | Item 6, p. 9 |
plus a $50,000 territorial development fee per restaurant under the Development Agreement (both higher in Alaska, Hawaii and Puerto Rico); $15,000 franchise fee for a qualifying veteran's first restaurant.
What a unit sells
Item 19 is optional and is the franchisor's own representation. It is shown here as filed, with the franchisor's measure, sample and period, and nothing is estimated where it is missing.
No Item 19. Five Guys's 2026 FDD makes no financial performance representation (Item 19, p. 46). The revenue-to-investment ratio is undefined for this brand.
Revenue to investment
Undefined: no Item 19.
How many units open and close
| Franchised units | 2023 | 2024 | 2025 |
|---|---|---|---|
| Start of year | 899 | 924 | 945 |
| Opened | 36 | 35 | 37 |
| Terminated | 0 | 0 | 0 |
| Not renewed | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased, other reasons | 11 | 14 | 12 |
| End of year | 924 | 945 | 970 |
| Company-owned, end of year | 597 | 613 | 613 |
Item 20, Table 1 p. 47; Table 3 totals p. 52.
Closures are the franchisor's Item 20 counts of units terminated, not renewed, or ceased for other reasons, summed over 2023–2025 and divided by franchised units at the start of 2023. Units the franchisor reacquired are not closures. This is an Item 20 count, not a failure rate.
Source and method
Every figure above comes from the Five Guys Franchise Disclosure Document issued 2026-06-30, as filed with the Wisconsin Department of Financial Institutions (filing 642272, registry record). The PDF is the franchisor's and is not hosted here; the item and page beside each figure is where to check it. Item 7 and Item 20 tables were read cell by cell; Item 19 was read by hand; each Item 20 year was checked to sum (start + opened − exits = end) before it was recorded.
Informational only, not professional, legal or investment advice. Unitnomics computes from the filing and does not advise on, rank, or refer to any franchise. Last reviewed: November 2026.