Rank no. 220 – Freddy’s Frozen Custard LLC – US
Freddy’s Frozen Custard LLC
Products & Services: Frozen custard, steakburgers, hot dogs
Number of Locations: 95
Total Investment: $461K – 899K
Began Franchising: 2004
About Freddy’s Frozen Custard LLC
Freddy’s Frozen Custard is named for WWII veteran Freddy Simon, whose sons teamed with experienced restaurateur Scott Redler to open the first Freddy’s in his hometown of Wichita, Kansas, in 2002. The company began franchising in 2004. Freddy’s restaurants serve steakburgers, hot dogs and frozen custard.
Total Investment: $461,000 – $899,000
Franchise Fee: $25,000
Ongoing Royalty Fee: 4.5%
Term of Franchise Agreement: 15 years, renewable
Net Worth: $850,000
Liquid Cash Available: $250,000
75% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 30. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators).
How This Franchise Supports Franchisees
Training: Available at headquarters: 5 weeks.
Ongoing Support: Newsletter, Meetings, Field operations/evaluations, Purchasing cooperatives
Other marketing support: Promotions
Franchise Ranking History
Franchise 500®: #220 (2013), #307 (2012), #441 (2009),
Top New: #46 (2009),
How It All Began
At Freddy’s, frozen custard is such a signature part of the menu that it’s included in the name. But surprisingly, the Freddy’s story doesn’t begin with dessert. It all started with a main course back in the 1950’s.
Wichita, Kansas is a historical landmark in the hamburger’s march to prominence and home to WWII veteran Freddy Simon. The savory steakburger is inspired by the 50’s style staple and reminiscent of an era focused on quality, cooked-to-order meals that bring families and loved ones together.
Two of Freddy’s sons, Bill and Randy, and accomplished restauranteur, Scott Redler, worked tirelessly to recreate the recipe that lived up to the timeless standards of their father’s generation.
Today, thousands gather at Freddy’s for food and fellowship that fills their stomachs and warms their souls.
The Freddy’s Way
Enjoying great food without a long wait doesn’t mean your meal has to be cooked before you order it. From sandwiches to sundaes, Freddy’s makes food fresh after you ask for it because that’s the kind of quality you deserve. Take a moment to catch up with friends and family, it’s almost time to eat.
Freddy frequently speaks to high school history classes and Veterans Groups about his World War II experiences. He concludes with these “Freddyisms”.
The process toward becoming a Freddy’s Frozen Custard & Steakburgers franchisee begins with an initial email or phone call from you to inform us of your interest and desired location(s). Once we’ve had the opportunity to familiarize ourselves with each other, we will take the appropriate steps to bring your interest to fruition. The following is a general overview of the on-ramp process:
Complete the Request for Franchise Disclosure Document form and return to Freddy’s.
Complete and submit the Franchise Application for our review.
Review the Franchise Disclosure Document, (FDD), making note of the items you need clarified.
Perform your due diligence as consistent with any investment opportunity.
Secure Freddy’s approval for meeting the franchise qualifications.
Negotiate your desired territory and sign a Development Agreement.
Execute the documents consistent with the License Agreement.
Secure Freddy’s approval on site location (Download Freddy’s Real Estate brochure here).
Commence construction on your first Freddy’s Frozen Custard & Steakburgers store.
Begin initial management training