Fish & Chips Gordon Ramsay Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Fish & Chips by Gordon Ramsay is a fast-casual franchise serving British-style fish and chips under the Gordon Ramsay brand. Franchisees run the restaurants, managing food prep, staffing, and counter service.
FranchiseVerdict summary · 2026
A Fish & Chips Gordon Ramsay franchise requires a total initial investment of $1.5M – $2.4M, including a $50K franchise fee and an ongoing 5.0% royalty[2]. The 2026 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2026 FDD issuance
Overview
- Investment
- $1.5M – $2.4M
- 98th pct Service Resta…
- Avg gross sales
- N/A
- Royalty
- 5.0%
- 11th pct Service Resta…
- Units
- 5
- 24th pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Quick-Service Restaurants avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $1.5M – $2.4M including a $50K franchise fee, 5.0% ongoing royalty.
- RETURNSNewly formed franchisor (GRNA FC Group, LLC) that had not commenced operations as of FYE December 28, 2025; Exhibit D contains only audited balance sheets (Jan 31, 2025 and Dec 28, 2025), no income statement. Net worth is $100,000 capital contribution (cash). No revenue or net income reported.
- RISKVerdict B (Above average), verdict score 49/100 (higher is better).
- DATANo Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- GRNA FC Group LLC
- Parent company
- GRNA Franchise Group LLC
- Ultimate parent
- Gordon Ramsay Restaurants (Global) Ltd
- CEO title
- Chief Executive Officer
- Andy Wenlock
- Incorporated in
- DE
- HQ
- 5525 N MacArthur Blvd, Suite 280, Irving, TX 75038
- Auditor
- CohnReznick
- Audited financials
Affiliated brands
- GRNA Street Pizza Group
- GR South Korea Ltd
- GRNA RK Group
- GRNA SP of DC
- or any director or officer of such entity
- HK Restaurant Ventures
- Gordon Ramsay Restaurants Limited
Other brands the franchisor or its parent operates (Item 1).
Overview
About
- CEO
- Andy Wenlock
- Headquarters
- TX
- Founded
- 2024
- FDD year
- 2026
- States available
- 1
Can you afford it, and what does the money buy?
Entry cost runs 198% above the typical quick-service restaurants franchise.
Source: FDD 2026 · Items 5–7
FDD Item 7 · 2026 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $50K | $50K |
| Working capital (3–6 mo) | $75K | $100K |
| Equipment, build-out, other | $1.4M | $2.3M |
| Total initial investment | $1.5M | $2.4M |
Source: Fish & Chips Gordon Ramsay 2026 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $1.5M – $2.4M
- Bottom third — review vs category
- Liquid capital req'd
- $75K – $100K
- Bottom third — review vs category
- Franchise fee
- $50K – $50K
- Bottom third — review vs category
- Royalty
- 5.0%
- percentage · typical 6–8%
- Ad fund
- 0.5%
- typical 3–5%
- Total fee load
- 5.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 0.5% of gross sales |
| Training fee | $75K |
| Transfer fee | $13K |
| Renewal fee | $13K |
| Inventory (initial) | $50K – $75K |
| Total fee load | 5.5% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Fish & Chips Gordon Ramsay did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Fish & Chips Gordon Ramsay unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
6%
Below the 30–60% attractive-franchise band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2026 FDD
Financial Performance
Newly formed franchisor (GRNA FC Group, LLC) that had not commenced operations as of FYE December 28, 2025; Exhibit D contains only audited balance sheets (Jan 31, 2025 and Dec 28, 2025), no income statement. Net worth is $100,000 capital contribution (cash). No revenue or net income reported.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 5.5% — below the Quick-Service Restaurants average of 7.9%.
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Operator retention
Net unit growth of +100.0% over 3 years (0 opened, 0 closed).
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Quick-Service Restaurants averages
How Fish & Chips Gordon Ramsay Compares
Is the system healthy?
Source: FDD 2026 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 5
- Opened
- 0
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 3
- Corporate units in the system
- % franchised
- 40%
- vs corporate-owned
- Net growth (3-yr)
- +100.0%
- Net unit change over 3 years
- 3-yr CAGR
- +100.0%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 1
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Continuity rate
- 100.0%
- Units that stayed open
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 1 state reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
1
states with franchisees (per FDD Item 12)
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
High-investment, ultra-early-stage concept with unproven unit economics, zero territory protection, and franchisor financial uncertainty masking significant franchisee risk.
Litigation (Item 3)
0 case reference(s): 0 pending, 0 settled.
Largest disclosed settlement: $50,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · CohnReznick
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 49 / 100 verdict
- 01MINOROnly 5 units in system with unknown growth trajectory suggests minimal brand traction and scaling issues
- 02MINORNo average revenue or net income disclosure (Item 19) prevents ROI validation and creates opacity around profitability
- 03HIGHGoing concern status is FALSE, indicating potential financial instability or operational uncertainty at franchisor level
- 04MINORUnprotected territory creates direct competition risk — multiple franchisees could saturate same market
- 05MEDHigh investment range ($1.5M–$2.4M) paired with undisclosed financials creates extreme payback period uncertainty
- 06MINORExtremely small unit count (5 total) suggests brand is pre-growth stage with unproven franchisee success model
- 07MINORCelebrity-backed brands (Gordon Ramsay) often rely on licensing fees rather than operational profitability, creating franchisor incentive misalignment
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 5.5% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2026 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 4 |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 3 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 8 |
| Mandatory arbitration | Yes |
| Arbitration location | Dallas, Texas |
| Jury trial waiver | No |
| Governing law | TX |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 54 hrs
- On-the-job training
- 270 hrs
- Training location
- Corporate office and/or a designated Restaurant
- Ongoing training
- Required
- Time to open
- 15 mo
- From signing to launch
- Site selection
- Franchisee with franchisor approval
- Franchisor financing
- Not offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
3 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Fish & Chips Gordon Ramsay · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Fish & Chips Gordon Ramsay franchise?
The total investment to open a Fish & Chips Gordon Ramsay franchise ranges from $1.5M – $2.4M, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Fish & Chips Gordon Ramsay franchise owners earn?
Fish & Chips Gordon Ramsay does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the Fish & Chips Gordon Ramsay FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Fish & Chips Gordon Ramsay FDD and qualifies whose outlets they describe.
What is Fish & Chips Gordon Ramsay's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Fish & Chips Gordon Ramsay (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Fish & Chips Gordon Ramsay franchise locations are there?
As of their most recent FDD filing, Fish & Chips Gordon Ramsay has 5 total units in the United States, including 2 franchised units and 3 company-owned units.
Is Fish & Chips Gordon Ramsay a good franchise to buy?
FranchiseVerdict rates Fish & Chips Gordon Ramsay as a B-grade franchise with a verdict score of 49 out of 100 (higher is better), based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.