Freddy’s Frozen Custard & Steakburgers Targets 60 New Locations in 2026
Freddy’s Frozen Custard & Steakburgers plans to open about 60 new restaurants in 2026, bringing the brand close to 600 locations. Growth is supported by expanded development opportunities, including new endcap and in-line restaurant prototypes designed to provide greater flexibility for franchisees in various real estate environments.
About one-third of existing franchisees are expanding into additional territories. Freddy’s has broadened its development strategy to include endcap and in-line restaurant formats alongside its traditional standalone model. Investment ranges begin at $854,834 for an in-line restaurant and $1,586,334 for a standalone location.
The company is prioritizing growth in the Northeast, Rust Belt, Midwest, Pacific Northwest, Northern California, and Florida as part of its multi-year development strategy. Freddy’s currently operates more than 580 locations across the United States and is seeking single and multi-unit franchisees in the U.S., Canada, and Mexico.
Freddy’s reported that average annual gross receipts reflect the top 25% of company-operated and franchised restaurants in operation for the entire 2025 fiscal year. Of 512 restaurants operating for the full 2025 fiscal year, 128 were included in the top 25% set, and 42% of those achieved or exceeded the average gross receipts.