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Freddy's Frozen Custard & Steakburgers franchise — is it worth it?

Quick-service restaurant · FDD-based assessment · registered 2026

Low risk Growing network Item 19 disclosed

Freddy's Frozen Custard & Steakburgers is a quick-service restaurant brand with a substantial investment range of $854,834 to $2,802,000.

Everything below is free, read straight off Freddy's Frozen Custard & Steakburgers's registered filing. The $99 report is the part a single FDD can't give you: the earnings figures themselves, and where every number lands against quick-service restaurant peers.

Get the full report — $99what's inside ↓
Total initial investment
$854,834 – $2,802,000
Bottom quartile for quick-service restaurant · median $614,375
Initial franchise fee
FDD Item 5
Royalty
5%
FDD Item 6
Item 19 earnings
Disclosed
figures locked
Litigation (Item 3)
None
none disclosed
Outlet network
542 units
+28 last year
The full Freddy's Frozen Custard & Steakburgers report — $99

The numbers above tell you what Freddy's Frozen Custard & Steakburgers discloses. The report tells you whether that's good:

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Figures above are as disclosed in Freddy's Frozen Custard & Steakburgers's most recent FDD (registered 2026). Source: Wisconsin Dept. of Financial Institutions — Franchise Registration · filing 641465 — check it yourself. The Item 19 figures, where each number ranks against peers, and the litigation & churn detail are in the full report.

How much does a Freddy's Frozen Custard & Steakburgers franchise make?

Freddy's Frozen Custard & Steakburgers is one of the franchisors that answers this on the record: its most recent FDD makes an Item 19 financial performance representation — actual unit earnings figures, disclosed by the franchisor itself. The average revenue Freddy's Frozen Custard & Steakburgers reports, what that figure does and doesn't include, and where it ranks against quick-service restaurant peers are in the full report. See every quick-service restaurant brand that discloses earnings in the Fast food & quick-service restaurant franchises with disclosed Item 19 earnings ranking.

Freddy's Frozen Custard & Steakburgers franchise profit vs. revenue

Revenue is not profit. An Item 19 almost always reports sales — what a location takes in — not what an owner keeps. Out of that number come Freddy's Frozen Custard & Steakburgers's 5% royalty, the ad fund, rent, payroll, supplies and debt service. No FDD tells you a Freddy's Frozen Custard & Steakburgers franchise's profit, because profit depends on your site, your rent and how you run it — so treat any "Freddy's Frozen Custard & Steakburgers franchise profit" figure quoted elsewhere as someone's estimate, not a disclosure. The full report sets Freddy's Frozen Custard & Steakburgers's disclosed revenue against its total ongoing fee load, so you can see what that revenue has to cover before anything reaches you.

Freddy's Frozen Custard & Steakburgers lawsuits & legal history (FDD Item 3)

Freddy's Frozen Custard & Steakburgers's most recently filed Franchise Disclosure Document (2026) discloses no litigation in Item 3. That is a real signal rather than a gap: the FTC Franchise Rule requires a franchisor to disclose material litigation involving itself, its predecessors, parents, affiliates and management, so an empty Item 3 in a current filing means there was nothing it was required to report. It is worth reading alongside the churn numbers — a system can have a clean Item 3 and still be losing franchisees, which is what Item 20 shows.

Freddy's Frozen Custard & Steakburgers closures & failure rate

Before you sign, Freddy's Frozen Custard & Steakburgers will hand you a list of current owners to call as references — and they choose who's on that list. It won't include the owners who quit, got bought out, or were forced out last year. The FDD does report that number, even though the reference list leaves those people off. Below is what Freddy's Frozen Custard & Steakburgers's most recent filing shows, and whether it's normal for a quick-service restaurant of this kind.

The closest thing an FDD has to a failure rate is Item 20 — outlet openings, closures, terminations and non-renewals, reported by the franchisor. Freddy's Frozen Custard & Steakburgers's latest tables show a growing franchised network. The actual closure and termination counts, and how Freddy's Frozen Custard & Steakburgers's churn ranks against quick-service restaurant peers, are in the full report.

The full Freddy's Frozen Custard & Steakburgers report — $99

The Item 19 earnings figures, every number ranked against quick-service restaurant peers, and the litigation and churn detail — delivered instantly, yours to keep.

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Who owns Freddy's Frozen Custard & Steakburgers?

Freddy's Frozen Custard & Steakburgers's franchise is offered by Freddy's, L.L.C. — the franchisor named on the cover of its most recently filed Franchise Disclosure Document (2026), and the entity a franchisee actually signs with. That name comes straight off the filing at WI DFI; it identifies the franchisor, not necessarily the ultimate parent company behind it.

Quick-service restaurant franchises at a similar investment level

Anyone weighing Freddy's Frozen Custard & Steakburgers is really weighing it against the other brands their money could go into. These are the closest by total initial investment (FDD Item 7), each with its own FDD-based page.

Fried Chicken Master$184,850 – $300,700Fox's Pizza$136,600 – $424,500Franchise Partner Program$259,336 – $997,942 · Item 19 disclosedFresh Brothers$493,650 – $1,018,500Mellow Mushroom Pizza$1,350,000 – $2,071,000El Pollo Loco$793,750 – $2,685,500 · Item 19 disclosedSmashburger$1,239,500 – $2,255,500McDonald's$701,000 – $2,807,000 · Item 19 disclosedPizzaExpress$1,413,246 – $2,157,436 · Item 19 disclosedFarmer Boys Franchising Co.$1,056,000 – $2,610,500 · Item 19 disclosedDos Toros TAQUERIA®$807,250 – $2,872,250 · Item 19 disclosedPanda Express$514,500 – $3,275,500 · Item 19 disclosed

Freddy's Frozen Custard & Steakburgers franchise — frequently asked

Who owns Freddy's Frozen Custard & Steakburgers — who is the franchisor?

Freddy's Frozen Custard & Steakburgers's most recently filed FDD (2026) names Freddy's, L.L.C. as the franchisor — the entity you would actually sign the franchise agreement with, as stated on the disclosure document itself. A registry filing names the franchisor, not necessarily its ultimate parent company.

How much does a Freddy's Frozen Custard & Steakburgers franchise cost?

Freddy's Frozen Custard & Steakburgers's most recently filed FDD (Item 7) puts the total estimated initial investment at $854,834 – $2,802,000 and a 5% royalty. That price is the franchisor's own estimate of what it takes to open, not a quote. The full report breaks down every fee line and benchmarks it against quick-service restaurant peers.

How much profit does a Freddy's Frozen Custard & Steakburgers franchise make?

Freddy's Frozen Custard & Steakburgers discloses unit earnings in Item 19, but that figure is revenue — sales — not profit. Royalties (5% of gross for Freddy's Frozen Custard & Steakburgers), the ad fund, rent, payroll and supplies all come out of it, and no FDD discloses what an owner nets. Any Freddy's Frozen Custard & Steakburgers franchise profit number quoted elsewhere is an estimate. The full report shows the disclosed revenue against the full ongoing fee load it has to cover.

Does Freddy's Frozen Custard & Steakburgers disclose financial performance (Item 19)?

Yes — Freddy's Frozen Custard & Steakburgers reports unit-level earnings in Item 19. The full report shows the actual revenue figures and how they rank against quick-service restaurant peers.

Are there lawsuits against Freddy's Frozen Custard & Steakburgers?

No — Freddy's Frozen Custard & Steakburgers's most recently filed FDD (2026) discloses no litigation in Item 3. Franchisors must disclose material litigation involving themselves, their predecessors, parents, affiliates and management, so an empty Item 3 is a genuine signal rather than an omission.

Is Freddy's Frozen Custard & Steakburgers a good franchise to buy?

Nobody can answer that from Freddy's Frozen Custard & Steakburgers's numbers alone — it comes down to how its investment, earnings, litigation and franchisee churn stack up against quick-service restaurant peers, which is what the full report is for. Our read on this filing is low risk, stated free above. For $99 you get the figures driving that read, the actual Item 19 earnings (disclosed in this FDD), where every figure ranks against peers, and the specific questions to ask the franchisor before you sign.

Decide with the numbers — $99

A Freddy's Frozen Custard & Steakburgers franchise is a $854,834 – $2,802,000 decision you make once, on a ten-year agreement, usually with a personal guarantee behind it. For $99 you get an independent read of the document that decides it: the actual Item 19 earnings, every figure ranked against quick-service restaurant peers, the litigation split into franchisee and corporate matters, the churn behind the outlet count — and the questions to put to the franchisor before you sign. If it tells you nothing new, reply within 14 days and we'll refund it.

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Get a free email when something changes on Freddy's Frozen Custard & Steakburgers or quick-service restaurant: a new FDD registration, a new lawsuit, an outlet count that shifts, or Item 19 earnings going from undisclosed to disclosed. Pulled straight from the same registries every report is built on.

This report compiles and structures publicly filed Franchise Disclosure Document (FDD) data from state franchise registrations. It is not legal, financial, or investment advice, is not affiliated with or endorsed by any franchisor, and does not replace reading the full FDD or consulting a franchise attorney or accountant. All figures are as disclosed by the franchisor in its most recent registered FDD. Item 19 financial performance representations are made at the franchisor’s option and may be absent or limited.