Freddy’s Frozen Custard & Steakburgers announced the opening of four new restaurants Friday in Georgia, Indiana, Illinois, and Texas. In its 15th anniversary year, Freddy’s has accelerated its franchise development efforts and opened more than 40 new locations to date in 2017.
This surge of openings brings a new Freddy’s Frozen Custard & Steakburgers restaurant to Pearland, Texas, marking the brand’s 46th location in the state. The company is significantly growing its presence in Texas with several additional locations in development. Construction is currently underway on new Freddy’s restaurants in Dennison, College Station, and League City, with construction beginning in the coming weeks for locations in McKinney and Harlingen.
Freddy’s Frozen Custard & Steakburgers is also opening today in Franklin, Indiana. There are currently four restaurants open in the state, with a location in Indianapolis slated to open before the end of this year. Illinois welcomes its fifth Freddy’s with the opening of its newest location in Champaign. Additional sites are under construction in Collinsville and Orland Park, which will celebrate grand openings in 2018. Rounding out today’s cluster of grand openings is the new restaurant in Macon, Georgia, the brand’s eleventh location in the state.
“Opening four new locations on the same day speaks volumes about not only the strength of our growth strategy, but also the brand’s reputation in local markets across the country,” says Randy Simon, president & CEO. “We’ve gained the trust of our guests by serving them delicious, high quality food in a welcoming and family-oriented atmosphere. The Freddy’s experience continues to resonate within communities nationwide.”
Franchise opportunities remain in areas across the U.S., including the West Coast, upper Midwest and Northeast. Prospective franchisees must develop at least four locations within their negotiated territory. Franchisee candidates should also have a minimum net worth of $850,000 and liquid assets of at least $250,000. Excluding the costs of real estate, franchisees can expect the total investment for one restaurant to be $592,810 to $1,999,117 with a $25,000 franchise fee per restaurant and competitive, ongoing royalties.
The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website.