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Five Guys franchise financing options

Compare costs, fees and where to get financing for a Five Guys.

Overall costs for Five Guys run anywhere from $301,350 to $701,500. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

Estimated initial costs

Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Five Guys franchise may result in higher or lower fees.

Franchise fees

Five Guys franchise fees total around $25,000, which beats out the $37,000 average for the 200 largest franchises nationwide.
Franchise Cost
Initial franchise fee $25,000 to $25,000
Estimated total $25,000 to $25,000

Equipment fees

Equipment fees total $113,675 for Five Guys. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Equipment $55,000 to $105,000
Signage $6,500 to $20,000
Electronic cash register system with modem $15,000 to $25,000
Fax machine $350 to $500
Estimated total $76,850 to $150,500

Real estate fees

Real estate will set you back $317,250 for Five Guys, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Development fee $50,000 to $125,000 ( in Alaska, Hawaii & Puerto Rico)
Leasehold improvements $100,000 to $300,000
Lease payments and other rental expenses $7,500 to $20,000
Architectural and engineering $7,000 to $25,000
Estimated total $164,500 to $470,000

Inventory costs

Initial inventory for Five Guys shakes out to $12,500. This is less than the nationwide average of $53,119.
Inventory Cost
Initial inventory $10,000 to $15,000
Estimated total $10,000 to $15,000

Licenses and permits costs

Five Guys initial licenses and permits will set you back $10,000. This comes out to less than $18,770 — the overall nationwide average.
Licenses and permits Cost
First year's business licenses, permits, utility deposits and similar costs $5,000 to $15,000
Estimated total $5,000 to $15,000

Other expenses

Miscellaneous expenses for Five Guys total $23,000 — less than the nationwide average of $69,970.
Other Cost
Delivery and catering expenses $0 to $1,000
Three months' additional funds $20,000 to $25,000
Estimated total $20,000 to $26,000
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.

How to finance

Since the estimated total for Five Guys is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Five Guys franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Five Guys about in-house financing for franchisees.
  3. If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $501,425 estimated opening costs.
  4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
  5. Once you settle on a lender, gather all required documents, including account statements and assets.
  6. Apply for financing online or in person as required by the lender.

What types of financing is available?

You have several options when it comes to financing a Five Guys — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
  • Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
  • Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Five Guys opening costs.
  • SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Also check if Five Guys franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You may not need financing to cover the estimated $301,350. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
Name Product Filter Values Min. Amount Max. Amount Requirements
OnDeck small business loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
Fora Financial business loans
$5,000
$500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Great for SBA loan applicants.
Lendio business loans
$500
$5,000,000
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
ROK Financial business loans
$10,000
$5,000,000
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.
LendingClub personal loans for business
$1,000
$40,000
US citizen or permanent resident, verifiable bank account, steady source of income, ages 18+.
Get prequalified for a personal loan up to $40,000 to help you grow your business. Great for new business owners with at least fair credit.
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How Five Guys stacks up

Compare how Five Guys holds up against two similarly sized franchises.
Chili's Five Guys Church's Chicken
Average Franchise fees $50,000 $25,000 $15,000
Average Equipment fees $540,000 $113,675 $350,750
Average Real estate fees $1,712,500 $317,250 $631,425
Average Training fees $155,000 NA $11,500
Average Inventory fees $14,000 $12,500 NA
Average Marketing fees $7,500 NA NA
Average Licenses and permits fees NA $10,000 $450
Average Insurance fees NA NA $8,750
Average Admin fees NA NA $9,525
Average Personnel fees $82,500 NA NA
Average Other fees $429,500 $23,000 $115,000

Bottom line

Five Guys franchise costs run a total of $501,425. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.

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