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Freddy's Frozen Custard & Steak Burgers

Food

Investment

USD 577,968

Freddy's Frozen Custard & Steak Burgers

  • Hand-smashed, made-to-order steakburgers pressed thin for crispy edges with proprietary seasoning
  • Flexible unit models: traditional and non-traditional venues
  • Robust growth engine with aggressive new store targets

Heritage & Founding

Founded in 2002 in Wichita, Kansas, by brothers Bill and Randy Simon and their partner Scott Redler, Freddy’s was named in honor of their father, a decorated WWII veteran. Opening its first restaurant on August 26, 2002, the brand emphasized quality, hospitality, and cleanliness from day one.

 

Franchise Launch & Growth

The first franchise opened in December 2004 in Hutchinson, Kansas. Since then, Freddy’s has scaled rapidly to 515+ locations across 36 states, with 130+ additional units in development, including its first international expansion into Canada.

 

Distinctive Menu & Quality

Every meal features cooked-to-order, hand-pressed Steakburgers, Vienna beef hot dogs, crispy shoestring fries, and freshly churned frozen custard—served in an atmosphere that evokes classic Americana with genuine hospitality.

 

Strong Financials & Sales Momentum

  • Freddy’s recorded $925 million in revenue by September 2024.
  • AUV for the top-performing 25% of locations reached $2.61 million.
  • In 2023, the brand opened a record 62 new restaurants, including its 500th location, and aims for 800 stores by 2026.

 

Brand Strength & Recognition

  • Firmly rooted in community values—Freddy’s grew from honoring a Purple Heart recipient to nationwide acclaim
  • Named in top growth lists like Fast Casual’s Top 100 Movers & Shakers and Entrepreneur’s Franchise 500

 

Franchise Support & Culture

  • Franchisees benefit from comprehensive training, support, and a veteran-friendly culture (includes a 25% initial fee discount for qualifying veterans)
  • The “Freddy’s Family Reunion,” annual gatherings, scholarships for team members, and charitable initiatives reinforce a supportive, values-driven culture.
  • Aggressively expanding through multi-unit development deals—three recent agreements will add 15 locations in NE, ND, and MD.
  • Making strategic moves into Canada by 2025, signaling ambitious international growth.

 

 



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Franchise Highlights

Franchise fee USD 25,000
Royalty fee 4.5%
Ad royalty fee 0.37%
Year founded 2002
Franchise launched 2004
Franchise ID 278821060
Category Food
Last updated: 30 Jul 2025 32
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