Five Guys vs Hardee's
Compare published costs, candidate requirements and operating commitments.
All amounts are USD. Read the restaurant format, sales basis and exclusions beside each figure. Missing information means the reviewed sources did not establish a comparable amount.
Availability and operating model
Five Guys
Five Guys says new franchise territories are sold out in the United States and Canada. Current recruitment is for selected international markets.
United States; confirm the format and territory with the franchisor
- Five Guys franchise availabilitySource checked (America/Los_Angeles).
Operating commitment
The public recruitment requirements relate to available international markets; confirm any proposed existing-business transfer separately.
United States; confirm the format and territory with the franchisor
- Five Guys franchise availabilitySource checked (America/Los_Angeles).
Hardee's
The brand prefers multi-unit agreements; smaller agreements may be considered. Its requirements page still cites the 2024 FDD.
United States; confirm the format and territory with the franchisor
- Hardee's franchising requirementsSource checked (America/Los_Angeles).Document basis: Page explicitly refers to the 2024 FDD; historical web summary.
- Hardee's franchise FAQSource checked (America/Los_Angeles).
Operating commitment
The franchisee acquires the real estate and contracts construction, with site and design assistance from the brand.
United States; confirm the format and territory with the franchisor
- Hardee's franchising requirementsSource checked (America/Los_Angeles).Document basis: Page explicitly refers to the 2024 FDD; historical web summary.
- Hardee's franchise FAQSource checked (America/Los_Angeles).
Published financial requirements
These figures describe different transactions and obligations. Initial fees, separate development fees and liquid-capital requirements are distinct; they are not added together here as a total project budget.
| Requirement | Five Guys | Hardee's |
|---|---|---|
| Initial investment / development estimate | Not comparable for this model United States New US/Canada territories are sold out. International recruitment amounts are not represented here as US franchise terms.
| $1,375,000–$2,637,395 Historical 2024 FDD web-summary estimate; per unit Current FDD terms have not been verified. This is not a 2026 estimate.
|
| Initial franchise fee | Not comparable for this model United States New US/Canada territories are sold out. International recruitment amounts are not represented here as US franchise terms.
| Confirm conflicting sources United States Requirements page gives $25,000–$35,000 by restaurant count; undated FAQ gives $25,000. Confirm current terms.
|
| Separate development fee | Not comparable for this model United States New US/Canada territories are sold out. International recruitment amounts are not represented here as US franchise terms.
| $10,000 Per restaurant; listed separately from franchise fee
|
| Liquid capital / personal funds | Not comparable for this model United States New US/Canada territories are sold out. International recruitment amounts are not represented here as US franchise terms.
| $300,000 Minimum liquid assets per unit; historical 2024 web summary Confirm current FDD requirements.
|
| Net worth | Not comparable for this model United States New US/Canada territories are sold out. International recruitment amounts are not represented here as US franchise terms.
| $1,000,000 Minimum net worth per unit; historical 2024 web summary Confirm current FDD requirements.
|
| Royalty / service fee | Not comparable for this model United States New US/Canada territories are sold out. International recruitment amounts are not represented here as US franchise terms.
| |
| Advertising / marketing contribution | Not comparable for this model United States New US/Canada territories are sold out. International recruitment amounts are not represented here as US franchise terms.
| Confirm conflicting sources United States Requirements page says up to 7%; FAQ says 5.5% of gross sales. Confirm current national, regional and local obligations.
|
Sources and review limits
The check date records when a source was reviewed. It is not the source publication date or the issue date of an FDD. Official web summaries that refer to an FDD are identified as summaries.
Five Guys
- Five Guys franchise availabilitySource checked (America/Los_Angeles).
Hardee's
- Hardee's franchising requirementsSource checked (America/Los_Angeles).Document basis: Page explicitly refers to the 2024 FDD; historical web summary.
- Hardee's franchise FAQSource checked (America/Los_Angeles).
Build a scenario from your own assumptions
These requirements do not establish restaurant sales or owner earnings. Use a budget for the actual format and transaction, and enter your own operating assumptions in the calculator.
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