Freddy S Franchise Owner Salary On average a Freddy s Frozen Custard Steakburgers franchise makes 1 758 000 in sales per year This sales number represents the annual median sales of 384 restaurants operating in 2022 This sales number is an average Indeed it may change depending on the format of your restaurant its menu the location customer demand competition etc
Opening up Freddy s franchise will cost around 640 000 to 2 000 000 depending on the type of restaurant A large portion of this cost is the construction remodeling and leasehold improvements which cost between 256 800 to 1 3 million This makes sense since building or fixing up a restaurant is very expensive and Freddys like many 11 Chris Dull CEO of Freddy s Frozen Custard Steakburgers said Freddy s has emerged as one of the strongest and most viable franchise opportunities within the fast casual segment today creating a customer experience that is unparalleled in every aspect from its hospitality and service to the one of a kind menu offerings and product innovation
Freddy S Franchise Owner Salary
Freddy S Franchise Owner Salary
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Average Freddy s Frozen Custard Steakburgers hourly pay ranges from approximately 9 11 per hour for Team Leader to 21 22 per hour for Chef The average Freddy s Frozen Custard Steakburgers salary ranges from approximately 25 041 per year for Retail Assistant Manager to 74 342 per year for Unit Leader Learn About The Freddy s Way Own the franchise America craves Take the first step today Fill out the form below and a Franchise Development Director will be in touch within one business day Freddy s is one of the fastest growing burger and frozen custard franchises with premium ingredients world class support and an impressive AUV of 2 53M
An average Freddy s franchise can expect to generate an annual sales figure of a round 1 758 000 This robust turnover is indicative of the promising financial prospects offered by the franchise Drilling further down into the financial specifics each franchise can anticipate an annual owner salary of approximately 158 220 annual profit Franchise owners looking to open a new Freddy s restaurant franchise must have 400 000 in liquid assets available for investment and a collective minimum net worth of 1 000 000
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How much does it cost to own a Freddy s To purchase a Freddy s franchise potential Franchise Owners should plan an initial investment of 641k to 2 million 1M as well as an initial franchise fee of 25K There is also an ongoing royalty fee of 4 5 and an ad royalty fee of Insurance Having franchise insurance is an important component to any business The cost associated with insurance can be a large expense for Freddy s Frozen Custard Steakburgers franchise owners
To buy a Freddy s franchise prospective Franchise Owners can expect an initial investment of 641k 2 1M as well as an initial franchise fee of 25K There is also an ongoing royalty fee of 4 5 and an ad royalty fee of 375 Freddy s Frozen Custard Steakburgers has an initial franchise fee of up to 30 000 with a overall initial investment range of 760 752 to 1 140 226 Initial Franchise Fee 30 000 Total Investment 760 752 to 1 140 226 Working Capital 10 000 to 50 000 Royalty Fee 4 5 The initial cost of any franchise opportunity includes many fees
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