TL;DR
Freddy's Frozen Custard & Steakburgers ranked as the top spot on Forbes' list of 'Best High-Investment Franchises to Buy in 2019' with 340 locations. The chain has grown 30% per year since 2013 due to its rigorous vetting process and franchising methodology.
Randy Simon and Scott Redler opened the first Freddy’s Frozen Custard & Steakburgers in 2002. The restaurateurs? wanted to bring griddled burgers, Chicago-style dogs and frozen custard to their local Kansas community — so they did exactly that.
The chain has grown to 340 locations and counting, and just secured the top spot on Forbes' list of "Best High-Investment Franchises to Buy in 2019." Freddy’s locations may be slinging burgers and fries, but franchising one is no small potatoes. Simon and Redler vet potential franchisees rigorously, and prefer working with candidates who have previous restaurant ownership and development experience with a minimum of $500,000 in cash and $2 million net worth.
The management staff of new franchises also undergo a 16- to 24-day onboarding program. “We call it Freducation,” Simon says of their mandatory training curriculum.
Freddy’s air-tight franchising methodology and product consistency have resulted in 30% growth per year since 2013, catapulting it to the top of Forbes' list.
In this story
This story was originally published in 1851 Franchise on June 19, 2019. Burnaze summarizes and links to the original reporting.
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