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02/18/2022

Freddy’s expansion continues in 2022; to double footprint in four years

Marianne Wilson
Editor-in-Chief
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Freddy’s Frozen Custard & Steakburgers
A Freddy’s Frozen Custard & Steakburgers location in Newton, Kansas.

Freddy’s Frozen Custard & Steakburgers is kicking off 2022 with a robust development pipeline.

The fast-casual restaurant brand has nearly 15 restaurants slated to open in the first 75 days of 2022 alone, including locations in North Dakota and South Dakota, which are new states for the brand.  

Looking ahead, Freddy’s is projected to open more 50 total locations throughout 2022, with new restaurants across the nation in states that include California, Florida and Virginia. The company has set a goal to double its footprint within the next four years, bringing the total unit count to 800 by 2026.

In 2021, Freddy’s opened 32 new restaurants, including its first locations in New Jersey and Wisconsin. It also signed 17 new multi-unit agreements with new and existing franchisees, adding 102 new units to its substantial development pipeline. As a result of the brand's 2021 agreement signings, Freddy's will expand into new states such as North Dakota and South Dakota, as well as open new restaurants in prime markets including New Jersey, Texas, Indiana and Chicago, during the next several years.

In June, Freddy’s broke ground on a new prototype designed for take-out convenience. It will be Freddy’s first restaurant without an indoor dining room.

“On the heels of Freddy's acquisition by Thompson Street Capital Partners in early 2021, last year marked one of the most transformative and noteworthy years in our company's history,” said Chris Dull, CEO of Freddy's Frozen Custard & Steakburgers. “We closed out 2021 stronger than ever, with franchisee's reporting an AUV growth of 13.7% and look forward to further bringing this craveable concept to new heights throughout 2022 and beyond.”

Founded in Wichita, Kansas, in 2002, Freddy’s operates more than 400 locations across 34 states nationwide.