DQ Grill & Chill

DQ Grill & Chill

Information based on 2024 FDD

Food & Beverage · Burgers & Fries

Investment min
$2M
Total: $2M–$3M
Avg gross revenue
$1M
Unit-level, 2024
Franchise fee
$45K
Per current disclosure
Royalty
4%
of gross revenue
Locations
1,967
Franchising since 1940

Description

What is DQ Grill & Chill?

Dairy Queen® (DQ®), established in 1940 in Joliet, Illinois, is a leading quick-service restaurant brand renowned for its signature soft-serve treats and classic fast-food offerings. With a rich history spanning over eight decades, DQ has expanded to more than 6,800 locations worldwide, delighting customers with favorites like the iconic Blizzard® Treat, Dilly® Bar, and a variety of burgers and hot dogs.

As a subsidiary of Berkshire Hathaway Inc., Dairy Queen continues to innovate while maintaining its commitment to creating positive memories for all who interact with the brand. In April 2024, the company appointed Gregg Benvenuto as Vice President of Franchise Development for the U.S. and Canada, signaling a renewed focus on franchise growth and development. Dairy Queen's dedication to quality, customer satisfaction, and community engagement has solidified its position as a beloved brand in the quick-service restaurant industry.

  • 85 years of proven business success since 1940
  • 1,969 active franchise units demonstrating system stability
  • 11% above-average revenue performance vs. burgers & fries subsector
  • Dual revenue streams from food service and signature frozen treats
  • Comprehensive franchisor support across operations, marketing, and training
  • Three flexible restaurant models accommodating different market sizes

Location Analysis

Where DQ Grill & Chill wins

DQ Grill & Chill maintains a significant presence across multiple states, with widespread coverage throughout the Midwest and Mid-Atlantic regions. The brand shows particularly strong concentration in states like Michigan, Illinois, Virginia, Missouri, and Ohio, indicating robust market penetration in areas with strong suburban and rural demographics. This geographic distribution suggests successful adaptation to markets with value-conscious consumers and family-oriented communities.

The franchise's notable presence in the Midwest leverages the region's established brand recognition and cultural affinity for casual dining establishments. The strong market penetration in Midwestern states demonstrates successful operations in markets with varying seasonal demands, particularly capitalizing on summer ice cream sales while maintaining year-round restaurant operations.

Key expansion opportunities exist in the Southeast and Southwest, where current presence is less saturated. Ideal locations typically include suburban areas with high traffic visibility, proximity to residential neighborhoods, and average household incomes between $45,000-$75,000. The most successful units are often situated on major arterial roads with strong dinner and weekend traffic patterns.

For prospective franchisees, optimal locations should feature lot sizes of 25,000-35,000 square feet, strong vehicle accessibility, and demographics supporting both quick-service dining and dessert occasions. Markets with limited premium burger competition and stable year-round population bases typically show the strongest performance potential.
Total US locations
1,969
Franchise units
1,967
Corporate locations
2
Avg. sq. footage
N/A

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Financial Analysis

The numbers behind DQ Grill & Chill

Avg gross revenue$1,392,552
Investment range$1,516,200 – $2,542,250
Investment midpoint$2,029,225
Brand fund5% - 6%
Royalty4%
Franchise fee$45,000
Min. net worth
Min. liquid capital
DQ Grill & Chill requires a substantial investment of $1.52M to $2.54M, positioning it in the premium tier of fast-food franchises. This investment significantly exceeds the burgers & fries sub-sector averages of $985K-$2.09M, reflecting the brand's comprehensive restaurant model with full kitchen capabilities, drive-thru infrastructure, and signature soft-serve equipment. The higher capital requirements include specialized dairy equipment, extensive kitchen buildout, and larger footprint demands with three core models ranging from 1,745 to 2,207 square feet.

With 1,969 active units and 85 years of operational history since 1940, DQ demonstrates exceptional franchise system maturity and stability. The reported gross revenue of $1.39M exceeds sub-sector averages by approximately 11%, suggesting solid unit-level performance within the established system.

Ideal investors should possess substantial liquid capital and restaurant management experience, given the operational complexity of managing both food service and frozen treat operations. The dual-concept model requires sophisticated supply chain management and specialized equipment maintenance. Multi-unit development opportunities exist across domestic and international markets. Prospective franchisees should carefully review the FDD and conduct thorough due diligence regarding territory rights and operational requirements for this established but capital-intensive franchise system.
Did you know? Did you know that launching your own DQ Grill & Chill franchise - where you'll serve up legendary Blizzards alongside flame-grilled burgers and comfort food favorites - requires a total investment between $1,516,200 and $2,542,250, which includes the $45,000 franchise fee plus all the capital needed for equipment, build-out, signage, and working capital to bring this beloved American ice cream and grill concept 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

$2M–$3M
Most common
$1,516,200
Minimum
$2,029,225
Midpoint
$2,542,250
Maximum

Per FDD Item 7, total initial investment ranges from $1,516,200 to $2,542,250. The midpoint $2,029,225 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$2M$1M$800K$400KN/A
$1M
$1M
$1M
2022
2023
2024
Avg
$1M
YOY change (2023 -> 2024)
+1%

According to Item 19 of the Franchise Disclosure Document, DQ Grill & Chill 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
2,5002,0001,5001,0005000
2017
2018
2019
2020
2021
2022
2023
2024
1,969 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 DQ Grill & Chill'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 DQ Grill & Chill franchise typically ranges between $1,516,200.00 and $2,542,250.00. 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.

DQ Grill & Chill
DQ Grill & Chill
$1M avg revenue · 1967+ US franchises

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