Freddy's opens 4 units across 4 states
Freddy's Frozen Custard & Steakburgers is opening four restaurants today in Georgia, Indiana, Illinois and Texas, according to a company press release.
One of the openings is in 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 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, according to the release.
Freddy's is also opening today in Franklin, Indiana, where there are four restaurants open in the state. A location in Indianapolis is 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 11th 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," said Randy Simon, president and 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, according to the release. 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.
Topics: Franchising & Growth