Arby's

Arby's

Information based on 2024 FDD

Food & Beverage · Burgers & Fries

Investment min
$862K
Total: $862K–$2M
Avg gross revenue
$1M
Unit-level, 2024
Franchise fee
$38K
Per current disclosure
Royalty
4%
of gross revenue
Locations
2,316
Franchising since 1965

Description

What is Arby's?

Arby's stands as an iconic American fast-food chain that has revolutionized the quick-service restaurant industry with its unique focus on premium sliced meats and innovative sandwich offerings. Founded in 1964, Arby's has distinguished itself from traditional burger-centric competitors by crafting a diverse menu centered around its famous roast beef sandwiches, while continuously evolving to meet modern tastes.

The brand's commitment to quality is evident in its signature slow-roasted beef, freshly sliced daily in-store, and its memorable tagline 'We Have The Meats®' perfectly encapsulates their dedication to protein-forward menu options. Beyond their classic roast beef sandwiches, Arby's offers a creative array of options including Market Fresh sandwiches, crispy chicken offerings, and their popular curly fries that have become a customer favorite.

What sets Arby's apart is their ability to blend traditional fast-food convenience with a more premium dining experience. Their menu innovation continues to surprise and delight customers with limited-time offerings and creative takes on classic sandwiches, including their successful venture into breakfast services at select locations.

For potential franchisees, Arby's represents a well-established brand with strong brand recognition and a proven business model. With over 3,400 locations across the United States, the franchise system benefits from sophisticated operations procedures, comprehensive training programs, and strong supply chain management. The brand's commitment to quality, combined with their innovative menu development, positions Arby's franchisees to capture a unique segment of the quick-service restaurant market.
  • 60 years proven franchise experience
  • 3,400+ locations nationwide market presence
  • Unique roast beef menu differentiation
  • Below-average minimum investment entry point
  • Established fast-casual dining brand recognition
  • Comprehensive franchisor support infrastructure

Location Analysis

Where Arby's wins

Arby's demonstrates strong market penetration with widespread coverage across multiple states, showing particular strength in the Midwest and Eastern regions. The brand maintains a notable presence in Michigan, Virginia, North Carolina, Illinois, and Pennsylvania, indicating robust performance in populous, economically diverse markets. The franchise's average rating of 3.63 across numerous customer reviews suggests consistent operational performance, though there's room for improvement in customer satisfaction.

The brand's concentration in the Midwest and Eastern seaboard reveals a strategic focus on markets with strong fast-food consumption patterns and established supply chain infrastructure. Significant expansion opportunities exist in the Western United States and underserved markets within currently active states. Successful Arby's locations typically thrive in suburban areas with high daytime population density, strong vehicular traffic, and proximity to retail clusters or business districts.

Ideal locations for new franchisees should prioritize sites with: 1) Daily traffic counts exceeding 25,000 vehicles, 2) Dense daytime population within a 3-mile radius, 3) Convenient access to major thoroughfares, and 4) Limited direct competition from other quick-service restaurants. The brand's established presence in key markets provides competitive advantages through strong brand recognition and operational efficiencies.
Total US locations
3,413
Franchise units
2,316
Corporate locations
1,097
Avg. sq. footage
N/A

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Financial Analysis

The numbers behind Arby's

Avg gross revenue$1,338,318
Investment range$861,950 – $2,451,000
Investment midpoint$1,656,475
Brand fund4.2%
Royalty4%
Franchise fee$37,500
Min. net worth
Min. liquid capital
Arby's presents a **$861,950 - $2,451,000** investment range, positioning it competitively within the burgers & fries subsector. The franchise's minimum investment sits **12.5% below** the subsector average of $985,322, while the maximum investment exceeds the sector average by **17.4%**, indicating flexible entry points for different market sizes and operational scales.

With **3,413 units** operating since **1964**, Arby's demonstrates exceptional franchise system maturity and market penetration. This 60-year operational history provides substantial franchisor experience and established infrastructure, reducing investment risk through proven business systems and comprehensive support networks.

The fast-casual dining sector continues experiencing growth driven by consumer demand for quick-service alternatives to traditional fast food. Arby's roast beef differentiation strategy positions it uniquely within the competitive burger-dominated landscape, potentially offering market advantages in saturated territories.

Investment considerations include the brand's **reported gross revenue of $1,338,318**, which exceeds the subsector average by **6.3%**. However, prospective franchisees should carefully evaluate local market demographics, competition density, and operational complexity associated with food preparation requirements.

Ideal investors typically require substantial liquid capital and restaurant industry experience, given the operational demands of food service franchising. Multi-unit development opportunities exist for qualified investors seeking portfolio expansion within established markets.

Territorial rights and market protection vary by agreement structure. Prospective franchisees should thoroughly review the Franchise Disclosure Document and conduct comprehensive due diligence, including market analysis and financial projections with qualified advisors before making investment commitments.
Did you know? Starting an Arby's franchise - famous for their roast beef sandwiches and "We Have the Meats" slogan - requires a total investment between $861,950 and $2,451,000, which includes the $37,500 franchise fee plus all equipment, build-out, and working capital needed to bring those signature curly fries and slow-roasted meats to your community.

Financing partners

Vetted partners, tailored to franchisees

Your Franzy advisor can connect you with these partners later in the process — competitive rates, specialized in franchise financing.

FranFund

Lender

CRF USA

Nonprofit SBA lender; provides financing for franchise acquisitions, startups, and expansion.

Lender

First Bank of the Lake

Lender

Pension Pros

Lender

FDD Item 7

Initial investment range

$862K–$2M
Most common
$861,950
Minimum
$1,656,475
Midpoint
$2,451,000
Maximum

Per FDD Item 7, total initial investment ranges from $861,950 to $2,451,000. The midpoint $1,656,475 is what most franchisees report at signing — financing typically reduces cash-at-close by 80–90%. Knowing the investment range helps you plan confidently and ensure you're fully prepared to make the leap.

FDD Item 19

Average gross sales

$2M$1M$900K$600K$300KN/A
$1M
$1M
$1M
2022
2023
2024
Avg
$1M
YOY change (2023 -> 2024)
+1%

According to Item 19 of the Franchise Disclosure Document, Arby's has an average gross revenue of $1M. (Note: This information is based on the latest FDD in our records. Please review the Franchise Disclosure Document (FDD) and confirm this information directly with the brand. We make no claims of accuracy for the information presented.)

Growth over time

Franchise footprint

0% YoY
4,0003,2002,4001,6008000
2017
2018
2019
2020
2021
2022
2023
2024
3,413 units open as of 2024 FDD-2 in last 12 mo

2024 Franchise Disclosure

FDD documents

Below are items 2, 3, 4, 7, 11 and 19 for Arby's's 2024 FDD. The complete FDD is delivered to you directly by the franchisor, per the FTC Franchise Rule.

Estimated initial investment
FDD Item 7 · PDF
Financial performance representations
FDD Item 19 · PDF
Members-only items
Executive team
FDD Item 2 · PDF
Litigation
FDD Item 3 · PDF
Bankruptcy
FDD Item 4 · PDF
Franchisor assistance
FDD Item 11 · PDF
Members only
Unlock the 2024 FDD

Connect to download Items 2, 3, 4, and 11 — direct from the franchisor.

Buyer FAQs

Frequently asked questions

The initial investment for a Arby's franchise typically ranges between $861,950.00 and $2,451,000.00. This includes the franchise fee, equipment, real estate, and other startup costs. To get a detailed breakdown and better understand the financial requirements, we recommend scheduling a call with the Franzy team. We'll walk you through the specifics and answer any questions you might have. For more detailed information, refer to the financial sections of the FDD.

Disclaimer. The information provided on this page is based on the latest Franchise Disclosure Document (FDD) that is publicly available and that we have on record, which was issued in 2024. This information is for informational purposes only and is not intended to constitute legal, financial, or business advice. We make no guarantees or claims regarding the completeness or accuracy. For the most current and detailed information, we recommend consulting the franchisor directly for the most recent FDD and regarding any questions that you may have about the information provided.

Arby's
Arby's
$1M avg revenue · 2316+ US franchises

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