Fish & Chips Gordon RamsayFranchise Cost, Revenue & Review 2026
Data from FDD filing
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). Verdict grade: D. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $1.5M – $2.4M
- 46th pct Service Resta…
- Avg gross sales
- N/A
- 28th pct Service Resta…
- Royalty
- 5.0%
- 7th pct Service Resta…
- Units
- 5
- 13th pct Service Resta…
- SBA default
- N/A
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Started franchising in 2026. Newer systems carry more uncertainty but may offer better territories.
Bottom line
- Total investment $1.5M – $2.4M including a $50K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict D (Below Average) with a risk score of 72/100.
- No 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
- Legal entity
- GRNA FC Group LLC
- Parent company
- GRNA Franchise Group LLC
- Ultimate parent
- Gordon Ramsay Holdings International Limited
- Incorporated in
- DE
- HQ
- 5525 N MacArthur Blvd, Suite 280, Irving, Texas 75038-2251
- 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
Franchisees operate fast-casual or quick-service restaurants branded under Gordon Ramsay's name, serving fish and chips as the primary menu offering. Day-to-day operations include managing food preparation, inventory, staffing, customer service, and point-of-sale activities while adhering to brand standards and paying 5% royalties on all revenue.
- CEO
- Andy Wenlock
- Headquarters
- TX
- Founded
- 2024
- FDD year
- 2026
- States available
- 1
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
- Near category avg vs category
- Liquid capital req'd
- $75K – $100K
- Near category avg vs category
- Franchise fee
- $50K – $50K
- Better than avg vs category
- Royalty
- 5.0%
- Gross Sales · 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 |
| Transfer fee | $13K |
| Renewal fee | $13K |
| Inventory (initial) | $50K – $75K |
| Total fee load | 5.5% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Full-Service Restaurants averages
How Fish & Chips Gordon Ramsay Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 5
- Opened
- 0
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 3
- Corporate units in the system
- % franchised
- 40%
- vs corporate-owned
- Net growth (yr3)
- +0.0%
- Net unit change last year
- 3-yr CAGR
- +100.0%
- Compounded over last 3 years
3-year detail · Item 20
- 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 20 · 3 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- Michigan
States where the franchisor is registered to sell new franchises (FDD registration filings).
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.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
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
- Must buy proprietary products: No
- Restricted to system-approved products: No
Score breakdown · what drove the 72 / 100 rating
- 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
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 4 |
| Protected territory | No |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 8 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Texas |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 60 hrs
- On-the-job training
- 312 hrs
- Training location
- On-site and corporate
- Site selection
- franchisor
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 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 1 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 D-grade franchise with a risk score of 72 out of 100, 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.
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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.