22 Franchise Cost Guides

QSR Franchise Costs and Requirements

Understand the difference between a franchise fee, a restaurant development estimate and the funds a candidate needs to qualify.

A franchise fee is one part of a restaurant project. Site work, equipment, working capital and recurring obligations need their own review. Candidate liquidity and net worth describe qualifications, not the price of the restaurant.

These guides use linked primary sources and preserve the scope of each published figure. An official web summary may describe an existing restaurant, a particular format or a historical FDD. A source check date records when we reviewed it; it does not make the underlying figure a current-year estimate.

Amounts are in US dollars. Unverified and conflicting requirements are labeled. Read the availability and operating requirements alongside the financial facts before comparing opportunities.

Our guide to reading a franchise disclosure document explains where to find fees, investment estimates and contract terms, with a worksheet for comparing offers.

What Goes Into Franchise Costs?

Franchise and development fees

The initial franchise fee and a development agreement fee may be separate obligations. Confirm the number of restaurants covered, payment timing and any credits. Check whether the investment estimate already includes them.

Real estate and construction

Review land or lease costs, building or tenant improvements, site work and utility connections for the proposed location. Some published estimates exclude land, financing or site-specific costs.

Equipment, inventory and training

Build a location-specific budget for kitchen equipment, systems, signage, opening stock and training expenses. Confirm which items the published estimate includes.

Working capital and candidate funds

Budget cash for the opening period and operating expenses. Keep that budget separate from the liquid-assets and net-worth requirements used to qualify a candidate.

Recurring fees and operating expenses

Read the royalty and advertising sales definitions, conditional rates, local spending requirements and other charges. These obligations do not represent the restaurant’s full expenses or predict an owner’s earnings.

Franchise Cost Guides by Brand

Read each source’s scope before comparing amounts. The full brand guides add capital requirements, recurring fees and operating commitments. An Operator fee is not a restaurant-development budget, and missing amounts are not zero.

McDonald's

The published candidate-funding figures cover buying and operating an existing restaurant. New restaurants require a greater investment.

United States; confirm the format and territory with the franchisor

Initial investment / development estimate

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Initial franchise fee

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Separate development fee

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Read all requirements and sources →

Chick-fil-A

Chick-fil-A selects full-time restaurant Operators. Meeting the published minimum requirements does not guarantee selection.

United States; confirm the format and territory with the franchisor

Initial investment / development estimate

Not comparable for this model

United States

The Operator fee is not a restaurant-development estimate; the reviewed page does not provide a comparable total investment range.

Initial franchise fee

$10,000

US Operator initial franchise fee

This fee is not the total cost to develop a restaurant.

Separate development fee

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Read all requirements and sources →

Subway

Subway is seeking multi-unit applicants and buyers interested in acquiring at least five existing restaurants.

United States; confirm the format and territory with the franchisor

  • Subway US franchise FAQSource checked (America/Los_Angeles).Document basis: Web page references the FDD without giving its issue year.
Initial investment / development estimate

$199,135–$536,745

US restaurant estimate; building size, configuration and location vary

  • Subway US franchise FAQSource checked (America/Los_Angeles).Document basis: Web page references the FDD without giving its issue year.
Initial franchise fee

$15,000

US; per restaurant

  • Subway US franchise FAQSource checked (America/Los_Angeles).Document basis: Web page references the FDD without giving its issue year.
Separate development fee

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

  • Subway US franchise FAQSource checked (America/Los_Angeles).Document basis: Web page references the FDD without giving its issue year.
Read all requirements and sources →

Taco Bell

The US/Canada recruitment page seeks operators who can acquire and develop multiple restaurants where opportunities are available.

United States; confirm the format and territory with the franchisor

Initial investment / development estimate

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Initial franchise fee

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Separate development fee

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Read all requirements and sources →

Dunkin'

The brand offers multiple restaurant formats. Site, format and market availability require confirmation during the application process.

United States; confirm the format and territory with the franchisor

Initial investment / development estimate

$443,000–$1,832,500

US web-summary investment range; confirm the applicable restaurant format

Initial franchise fee

$40,000

US initial franchise fee as listed in the web summary

Separate development fee

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Read all requirements and sources →

Wendy's

Wendy’s seeks experienced operators. Its two official recruitment pages currently disagree on capital requirements; obtain confirmation for the proposed transaction.

United States; confirm the format and territory with the franchisor

Initial investment / development estimate

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Initial franchise fee

$50,000

US; per restaurant for a 20-year term

Separate application and background-check charges apply.

Separate development fee

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Read all requirements and sources →

Burger King

The recruitment site covers the United States and Canada; restaurant format determines the published build-cost estimate.

United States; confirm the format and territory with the franchisor

Initial investment / development estimate

$348,400–$3,320,600

Estimated cost to build a new restaurant; varies by format

The source describes build cost. Confirm land, financing and other inclusions before comparing an all-in project budget.

Initial franchise fee

$50,000

Per restaurant; 20-year term

Separate development fee

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Read all requirements and sources →

Sonic Drive-In

The brand offers multiple restaurant formats. Site, format and market availability require confirmation during the application process.

United States; confirm the format and territory with the franchisor

Initial investment / development estimate

$1,485,200–$2,522,900

US web-summary investment range; confirm the applicable restaurant format

Initial franchise fee

$15,000

US initial franchise fee as listed in the web summary

Separate development fee

$10,000

US; per restaurant

Listed separately from the initial franchise fee; confirm timing and any credits in the FDD.

Read all requirements and sources →

Jimmy John's

The brand offers multiple restaurant formats. Site, format and market availability require confirmation during the application process.

United States; confirm the format and territory with the franchisor

Initial investment / development estimate

$366,200–$733,500

US web-summary investment range; confirm the applicable restaurant format

Initial franchise fee

$35,000

US initial franchise fee as listed in the web summary

Separate development fee

$10,000

US; per restaurant

Listed separately from the initial franchise fee; confirm timing and any credits in the FDD.

Read all requirements and sources →

Domino's

Domino’s currently considers only internal US franchise candidates.

United States; confirm the format and territory with the franchisor

Initial investment / development estimate

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Initial franchise fee

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Separate development fee

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Read all requirements and sources →

Pizza Hut

Traditional franchises and nontraditional licenses have different investment ranges and fee arrangements. The financial rows here cover traditional restaurants.

United States; confirm the format and territory with the franchisor

Initial investment / development estimate

$579,000–$2,053,500

US traditional restaurant estimate; excludes the separate nontraditional licensing format

Initial franchise fee

$25,000

US traditional restaurant

Separate development fee

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Read all requirements and sources →

KFC

KFC describes buying land and building, leasing property and building, reopening or converting a restaurant, and developer-funded build-to-suit leases.

United States; confirm the format and territory with the franchisor

Initial investment / development estimate

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Initial franchise fee

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Separate development fee

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Read all requirements and sources →

Popeyes

Popeyes is seeking development in the United States and Canada; available areas change.

United States; confirm the format and territory with the franchisor

Initial investment / development estimate

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Initial franchise fee

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Separate development fee

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Read all requirements and sources →

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

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.

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.

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.

Read all requirements and sources →

Jersey Mike's

The prospectus describes area-development agreements and a separate franchise agreement for each restaurant; terms may vary.

United States; confirm the format and territory with the franchisor

  • Jersey Mike's July 31, 2026 prospectusSource checked (America/Los_Angeles).Source publication date: .Document basis: Public-company prospectus describing latest standard agreements; not an FDD.
Initial investment / development estimate

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

  • Jersey Mike's July 31, 2026 prospectusSource checked (America/Los_Angeles).Source publication date: .Document basis: Public-company prospectus describing latest standard agreements; not an FDD.
Initial franchise fee

$20,000

Latest standard agreements described in July 2026 prospectus; per store opened under an area-development agreement

  • Jersey Mike's July 31, 2026 prospectusSource checked (America/Los_Angeles).Source publication date: .Document basis: Public-company prospectus describing latest standard agreements; not an FDD.
Separate development fee

$10,000

Per restaurant to be developed under an area-development agreement; July 2026 prospectus

Separate from the initial franchise fee. The prospectus describes the latest standard agreements at that date; confirm current terms.

  • Jersey Mike's July 31, 2026 prospectusSource checked (America/Los_Angeles).Source publication date: .Document basis: Public-company prospectus describing latest standard agreements; not an FDD.
Read all requirements and sources →

Wingstop

Territories are limited and market-dependent. Capital requirements can exceed the stated minimums.

United States; confirm the format and territory with the franchisor

Initial investment / development estimate

$298,200–$1,013,500

US franchise-page initial investment estimate

The page’s March 2025 FDD footnote describes sales-performance evidence; it does not date this investment estimate.

Initial franchise fee

$25,000

US published franchise fee

Separate development fee

$25,000

US published development fee; separate from franchise fee

Read all requirements and sources →

Arby's

The brand offers multiple restaurant formats. Site, format and market availability require confirmation during the application process.

United States; confirm the format and territory with the franchisor

Initial investment / development estimate

$651,550–$2,456,600

US web-summary investment range; confirm the applicable restaurant format

Initial franchise fee

$37,500

US initial franchise fee as listed in the web summary

Separate development fee

$12,500

US; per restaurant

Listed separately from the initial franchise fee; confirm timing and any credits in the FDD.

Read all requirements and sources →

Firehouse Subs

The brand offers inline, endcap drive-through and freestanding drive-through formats with different budgets. The range below covers inline traditional restaurants only.

United States; confirm the format and territory with the franchisor

  • Firehouse Subs franchise FAQSource checked (America/Los_Angeles).Document basis: Official web summary refers to the 2025 US FDD, Items 6 and 7.
Initial investment / development estimate

$379,650–$795,600

US inline traditional restaurant; 2025 FDD web summary

Endcap drive-through and freestanding drive-through estimates are higher; this is not a range covering every format.

  • Firehouse Subs franchise FAQSource checked (America/Los_Angeles).Document basis: Official web summary refers to the 2025 US FDD, Items 6 and 7.
Initial franchise fee

$20,000

US single-unit restaurant; 2025 FDD web summary

  • Firehouse Subs franchise FAQSource checked (America/Los_Angeles).Document basis: Official web summary refers to the 2025 US FDD, Items 6 and 7.
Separate development fee

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

  • Firehouse Subs franchise FAQSource checked (America/Los_Angeles).Document basis: Official web summary refers to the 2025 US FDD, Items 6 and 7.
Read all requirements and sources →

Culver's

Available markets and areas reserved for existing franchisees differ. Check the brand’s development map for the proposed territory.

United States; confirm the format and territory with the franchisor

Initial investment / development estimate

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Initial franchise fee

$65,000

New franchisee; initial 15-year term

Separate development fee

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Read all requirements and sources →

Jack in the Box

Recruitment targets multi-unit development; its candidate page calls for a commitment to three to five restaurants in the chosen market.

United States; confirm the format and territory with the franchisor

Initial investment / development estimate

$1,909,500–$4,041,500

US prototypical restaurant; excludes land, financing and certain site-specific costs

Initial franchise fee

$50,000

US traditional restaurant; standard per-location fee

Separate development fee

Not verified in reviewed sources

United States

No applicable amount verified in the linked sources. Request the current disclosure for this format and territory.

Read all requirements and sources →

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

Initial investment / development estimate

$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

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

$10,000

Per restaurant; listed separately from franchise fee

Read all requirements and sources →

Carl's Jr.

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

Initial investment / development estimate

$1,486,000–$3,176,500

Historical 2024 FDD web-summary estimate; per unit

Current FDD terms have not been verified. This is not a 2026 estimate.

Initial franchise fee

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

$10,000

Per restaurant; listed separately from franchise fee

Read all requirements and sources →

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