The fast food industry has grown tremendously over the past few decades, with franchises spreading across the globe, offering a variety of cuisines, flavors, and dining experiences. For entrepreneurs looking to invest in a fast food franchise, the initial investment can vary widely, depending on the brand’s reputation, size, and operational costs. In this article, we will explore five notable fast food brands with franchise costs ranging from $700,000 to $800,000. These brands are not only well-established but also offer significant growth potential for franchisees.
1. Five Guys Burgers And Fries
Five Guys Burgers and Fries has established itself as a beloved burger chain known for its fresh, made-to-order burgers and fries. Founded in 1986 in Arlington, Virginia, Five Guys quickly grew from a single family-owned restaurant to a nationwide phenomenon. The brand emphasizes quality, with 100% fresh beef patties, freshly cut potatoes for fries, and a wide range of free toppings that allow customers to customize their burgers to their liking.
Franchise Overview:
Initial Investment: $700,000 to $800,000
Franchise Fee: $25,000
Royalty Fee: 6% of gross sales
Five Guys franchises require a substantial investment, with the total cost often falling within the $700k to $800k range. This investment covers the franchise fee, initial equipment, restaurant build-out, and initial training. Despite the high cost, Five Guys is an attractive option for franchisees due to its strong brand recognition, loyal customer base, and high-profit margins. The franchise model also provides extensive support to new owners, including training programs, marketing assistance, and ongoing operational support.
SEE ALSO: Franchises From $900k to $1000k
2. Wingstop
Wingstop is another popular fast food chain, specializing in chicken wings with a variety of flavors and dipping sauces.
Founded in 1994 in Garland, Texas, Wingstop has become a global brand with over 1,500 locations worldwide. The brand is known for its bold flavors, including classics like Original Hot, Lemon Pepper, and Garlic Parmesan, as well as limited-time seasonal offerings that keep customers coming back for more.
Franchise Overview:
Initial Investment: $700,000 to $800,000
Franchise Fee: $20,000
Royalty Fee: 6% of gross sales
Wingstop’s initial investment typically falls within the $700k to $800k range, making it an attractive option for investors who want to tap into the growing demand for chicken wings. The brand’s simple menu and efficient kitchen operations make it easier to manage compared to other fast food concepts. Additionally, Wingstop provides comprehensive support to franchisees, including site selection assistance, marketing, and training programs, ensuring a smooth transition into ownership.
3. The Habit Burger Grill
The Habit Burger Grill is a California-based fast food chain that has gained a reputation for its chargrilled burgers, sandwiches, and fresh salads. Founded in 1969 in Santa Barbara, California, The Habit Burger Grill has grown steadily, offering a more upscale fast food experience with a focus on high-quality ingredients and freshly prepared meals.
Franchise Overview:
Initial Investment: $700,000 to $800,000
Franchise Fee: $35,000
Royalty Fee: 5% of gross sales
The Habit Burger Grill’s investment range typically falls within the $700k to $800k range, making it a viable option for those looking to invest in a fast food franchise with a focus on premium products. The brand offers a range of support services, including site selection, design and construction assistance, comprehensive training, and ongoing operational support.
With a strong emphasis on quality and customer satisfaction, The Habit Burger Grill continues to expand, making it a promising franchise opportunity.
4. Smashburger
Smashburger is a fast-casual burger chain that has made a name for itself with its “smashed” cooking technique, which involves pressing the beef patty onto a hot grill to create a seared crust while keeping the inside juicy. Founded in 2007 in Denver, Colorado, Smashburger has rapidly expanded across the United States and internationally, offering a menu that includes specialty burgers, chicken sandwiches, salads, and sides.
Franchise Overview:
Initial Investment: $700,000 to $800,000
Franchise Fee: $40,000
Royalty Fee: 6% of gross sales
Smashburger’s franchise costs typically fall within the $700k to $800k range, reflecting the brand’s strong presence in the fast-casual market.
The investment covers the franchise fee, restaurant build-out, equipment, and initial training. Smashburger provides its franchisees with extensive support, including site selection, design, marketing, and operations management. The brand’s innovative menu and commitment to quality have contributed to its continued growth, making it an appealing option for potential franchisees.
5. MOD Pizza
MOD Pizza is a fast-casual pizza chain known for its customizable pizzas and salads, served in a quick and efficient manner.
Founded in 2008 in Seattle, Washington, MOD Pizza has grown rapidly, with over 500 locations across the United States and the United Kingdom. The brand stands out for its commitment to social responsibility, employing individuals from underserved communities and promoting a positive work culture.
Franchise Overview:
Initial Investment: $700,000 to $800,000
Franchise Fee: $30,000
Royalty Fee: 5% of gross sales
MOD Pizza’s initial investment falls within the $700k to $800k range, making it a competitive option for those interested in the fast-casual pizza segment. The brand offers extensive support to franchisees, including assistance with site selection, restaurant design, construction, and comprehensive training programs. MOD Pizza’s commitment to quality, innovation, and social impact has contributed to its rapid growth, making it a popular choice among franchisees.
Conclusion
Investing in a fast food franchise can be a lucrative opportunity for entrepreneurs, particularly with well-established brands that offer strong support and a proven business model. The fast food brands mentioned in this article—Five Guys Burgers and Fries, Wingstop, The Habit Burger Grill, Smashburger, and MOD Pizza—are all excellent options for those looking to invest in franchises within the $700k to $800k range. Each of these brands offers a unique value proposition, from customizable burgers and pizzas to bold-flavored chicken wings, catering to a wide range of consumer preferences.