Freddy's Frozen Custard & Steakburgers
Source filing: WI · filed 2026-04-30
Item 5 — Initial franchise fee
Not disclosed
Item 6 — Recurring fees (royalty & advertising)
| Royalty | 5% of all Gross Receipts2 [p.13 · WI · 2026-04-30] |
|---|---|
| National Marketing and Advertising Fund3 | 0% - 3% of Gross Receipts currently, 2.5% of Gross Receipts As of October 8, 2026, 3% of Gross Receipts [p.13 · WI · 2026-04-30] |
| Cooperative Advertising4 | 0% - 2% of Gross Receipts [p.14 · WI · 2026-04-30] |
Full Item 6 schedule (including one-time and conditional fees) is in the FDD itself.
Item 7 — Estimated initial investment (total)
$854,834 [p.19 · WI · 2026-04-30] – $2,802,000 [p.19 · WI · 2026-04-30]
Base single-franchise offering as stated in the FDD's total row. Multi-unit or area-development formats are not broken out here.
Item 20 — Outlets
| Franchised outlets at start of year | 514 [p.58 · WI · 2026-04-30] |
|---|---|
| Franchised outlets at end of year | 542 [p.58 · WI · 2026-04-30] |
| Net change in franchised outlets | 28 [p.58 · WI · 2026-04-30] |
| Transfers | 1 [p.59 · WI · 2026-04-30] |
| Terminations | 19 [p.63 · WI · 2026-04-30] |
| Non-renewals | 0 [p.63 · WI · 2026-04-30] |
| Ceased operations (other) | 0 [p.63 · WI · 2026-04-30] |
| Company-owned outlets at end of year | 38 [p.58 · WI · 2026-04-30] |
Item 19 — Financial performance representation
Headline cohort
All franchised restaurants FY2025 · 2025 Fiscal Year
| Outlets in sample | Average | Median | High | Low |
|---|---|---|---|---|
| 475 [p.46 · WI · 2026-04-30] | $1,859,481 [p.47 · WI · 2026-04-30] | $1,820,745 [p.47 · WI · 2026-04-30] | $4,164,361 [p.47 · WI · 2026-04-30] | $644,497 [p.47 · WI · 2026-04-30] |
All disclosed cohorts (17)
| Cohort | Outlets | Average | Median | High | Low |
|---|---|---|---|---|---|
| All company-owned restaurants FY2025 2025 Fiscal Year |
35 [p.46 · WI · 2026-04-30] | $2,370,951 [p.47 · WI · 2026-04-30] | $2,306,297 [p.47 · WI · 2026-04-30] | $3,758,106 [p.47 · WI · 2026-04-30] | $1,555,234 [p.47 · WI · 2026-04-30] |
| All franchised restaurants FY2025 2025 Fiscal Year |
475 [p.46 · WI · 2026-04-30] | $1,859,481 [p.47 · WI · 2026-04-30] | $1,820,745 [p.47 · WI · 2026-04-30] | $4,164,361 [p.47 · WI · 2026-04-30] | $644,497 [p.47 · WI · 2026-04-30] |
| Systemwide company-owned and franchised restaurants FY2025 2025 Fiscal Year |
512 [p.48 · WI · 2026-04-30] | $1,894,445 [p.48 · WI · 2026-04-30] | $1,859,310 [p.48 · WI · 2026-04-30] | $4,164,361 [p.48 · WI · 2026-04-30] | $644,497 [p.48 · WI · 2026-04-30] |
| Systemwide top quartile FY2025 2025 Fiscal Year |
128 [p.48 · WI · 2026-04-30] | $2,629,160 [p.48 · WI · 2026-04-30] | $2,563,284 [p.48 · WI · 2026-04-30] | $4,164,361 [p.48 · WI · 2026-04-30] | $2,243,849 [p.48 · WI · 2026-04-30] |
| Systemwide second quartile FY2025 2025 Fiscal Year |
128 [p.48 · WI · 2026-04-30] | $2,038,490 [p.48 · WI · 2026-04-30] | $2,032,427 [p.48 · WI · 2026-04-30] | $2,241,771 [p.48 · WI · 2026-04-30] | $1,860,756 [p.48 · WI · 2026-04-30] |
| Systemwide third quartile FY2025 2025 Fiscal Year |
128 [p.48 · WI · 2026-04-30] | $1,666,598 [p.48 · WI · 2026-04-30] | $1,647,988 [p.48 · WI · 2026-04-30] | $1,857,864 [p.48 · WI · 2026-04-30] | $1,487,604 [p.48 · WI · 2026-04-30] |
| Systemwide bottom quartile FY2025 2025 Fiscal Year |
128 [p.48 · WI · 2026-04-30] | $1,243,532 [p.48 · WI · 2026-04-30] | $1,289,392 [p.48 · WI · 2026-04-30] | $1,486,695 [p.48 · WI · 2026-04-30] | $644,497 [p.48 · WI · 2026-04-30] |
| Franchised restaurants top quartile FY2025 2025 Fiscal Year |
119 [p.48 · WI · 2026-04-30] | $2,573,567 [p.48 · WI · 2026-04-30] | $2,513,014 [p.48 · WI · 2026-04-30] | $4,164,361 [p.48 · WI · 2026-04-30] | $2,208,214 [p.48 · WI · 2026-04-30] |
| Franchised restaurants second quartile FY2025 2025 Fiscal Year |
119 [p.48 · WI · 2026-04-30] | $2,004,133 [p.48 · WI · 2026-04-30] | $2,005,823 [p.48 · WI · 2026-04-30] | $2,203,385 [p.48 · WI · 2026-04-30] | $1,825,966 [p.48 · WI · 2026-04-30] |
| Franchised restaurants third quartile FY2025 2025 Fiscal Year |
119 [p.48 · WI · 2026-04-30] | $1,637,954 [p.48 · WI · 2026-04-30] | $1,635,517 [p.48 · WI · 2026-04-30] | $1,820,745 [p.48 · WI · 2026-04-30] | $1,478,040 [p.48 · WI · 2026-04-30] |
| Franchised restaurants bottom quartile FY2025 2025 Fiscal Year |
120 [p.48 · WI · 2026-04-30] | $1,227,582 [p.48 · WI · 2026-04-30] | $1,269,921 [p.48 · WI · 2026-04-30] | $1,476,580 [p.48 · WI · 2026-04-30] | $644,497 [p.48 · WI · 2026-04-30] |
| Company-owned restaurants top quartile FY2025 2025 Fiscal Year |
9 [p.49 · WI · 2026-04-30] | $3,084,309 [p.49 · WI · 2026-04-30] | $3,015,846 [p.49 · WI · 2026-04-30] | $3,758,106 [p.49 · WI · 2026-04-30] | $2,673,913 [p.49 · WI · 2026-04-30] |
| Company-owned restaurants second quartile FY2025 2025 Fiscal Year |
9 [p.49 · WI · 2026-04-30] | $2,500,848 [p.49 · WI · 2026-04-30] | $2,546,322 [p.49 · WI · 2026-04-30] | $2,643,445 [p.49 · WI · 2026-04-30] | $2,306,297 [p.49 · WI · 2026-04-30] |
| Company-owned restaurants third quartile FY2025 2025 Fiscal Year |
9 [p.49 · WI · 2026-04-30] | $2,109,727 [p.49 · WI · 2026-04-30] | $2,135,137 [p.49 · WI · 2026-04-30] | $2,249,316 [p.49 · WI · 2026-04-30] | $1,882,692 [p.49 · WI · 2026-04-30] |
| Company-owned restaurants bottom quartile FY2025 2025 Fiscal Year |
8 [p.49 · WI · 2026-04-30] | $1,716,166 [p.49 · WI · 2026-04-30] | $1,700,847 [p.49 · WI · 2026-04-30] | $1,868,111 [p.49 · WI · 2026-04-30] | $1,555,234 [p.49 · WI · 2026-04-30] |
| 42 franchised restaurants in end cap and inline facilities FY2025 2025 Fiscal Year |
42 [p.50 · WI · 2026-04-30] | $1,764,975 [p.50 · WI · 2026-04-30] | $1,751,330 [p.50 · WI · 2026-04-30] | $2,988,443 [p.50 · WI · 2026-04-30] | $794,480 [p.50 · WI · 2026-04-30] |
| 7 company-owned restaurants in end cap and inline facilities FY2025 2025 Fiscal Year |
7 [p.51 · WI · 2026-04-30] | $2,619,031 [p.51 · WI · 2026-04-30] | $2,249,316 [p.51 · WI · 2026-04-30] | $3,505,929 [p.51 · WI · 2026-04-30] | $1,666,002 [p.51 · WI · 2026-04-30] |
“Tables 1 through 5 below display the Gross Receipts of 35 company-owned Restaurants that were open for the entire fiscal year that ended December 31, 2025” [p.46 · WI · 2026-04-30]