Outback SteakhouseFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Outback Steakhouse franchise requires a total initial investment of $4.3M – $8.4M, including a $40K franchise fee and an ongoing 5.0% royalty[2]. The 2024 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $4.3M – $8.4M
- 49th pct Service Resta…
- Avg gross sales
- N/A
- 28th pct Service Resta…
- Royalty
- 5.0%
- 7th pct Service Resta…
- Units
- 688
- 48th 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
Franchising since 1993. Systems this mature have refined operations and brand recognition.
Franchised units fell from 130 to 126 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $4.3M – $8.4M including a $40K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict B (Above Average) with a risk score of 62/100.
- 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
- Outback Steakhouse of Florida, LLC
- Parent company
- Bloomin’ Brands, Inc.
- Incorporated in
- FL
- HQ
- 2202 North West Shore Boulevard, 5th Floor, Tampa, Florida 33607
- Auditor
- PricewaterhouseCoopers LLP
- Audited financials
- Franchisor revenue
- $4.1M
- vs $4.4M prior year
Overview
About
Franchisees operate full-service casual dining restaurants featuring Australian-themed steakhouse cuisine. Day-to-day responsibilities include managing 100–200+ staff across kitchen, front-of-house, and management; maintaining food cost and labor standards; executing promotional campaigns; and ensuring compliance with brand standards and 5% royalty obligations on monthly net sales.
- CEO
- David Deno
- Headquarters
- FL
- Founded
- 1987
- FDD year
- 2024
- States available
- 18
FDD Item 7 · 2024 filing · 19 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $40K | $40K | |
| Building Constructionnot refundable | $2.0M | $2.7M | |
| Site Constructionnot refundable | $50K | $1.0M | |
| Design & Site Developmentnot refundable | $41K | $337K | |
| Furniture, Fixtures, and Equipmentnot refundable | $950K | $1.1M | |
| Signagenot refundable | $80K | $250K | |
| Inventory - First 3 Monthsnot refundable | $397K | $583K | |
| Liquor Licensenot refundable | $1K | $815K | |
| Utilities - First 3 Monthsnot refundable | $27K | $52K | |
| Opening Crewnot refundable | $64K | $138K | |
| Pre-Opening Food and Beverage Costs for Trainingnot refundable | $11K | $37K | |
| Pre-Opening Suppliesnot refundable | $10K | $15K | |
| Pre-Opening Labor and Training Expensesnot refundable | $42K | $88K | |
| Other Miscellaneous Opening Expensesnot refundable | $14K | $64K | |
| Insurance Costsnot refundable | $75K | $125K | |
| Staffing & Employment Costs - First 3 Monthsnot refundable | $399K | $715K | |
| Legal Costsnot refundable | $15K | $70K | |
| Rent - First 3 Months | $10K | $137K | |
| Additional Funds - First 3 Monthsnot refundable | $77K | $153K | |
| Total initial investment | $4.3M | $8.4M |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $4.3M – $8.4M
- Near category avg vs category
- Liquid capital req'd
- $77K – $153K
- Near category avg vs category
- Franchise fee
- $40K – $40K
- Better than avg vs category
- Royalty
- 5.0%
- Net Sales · typical 6–8%
- Ad fund
- 2.7%
- typical 3–5%
- Total fee load
- 7.7%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 2.7% of gross sales |
| Technology fee | $130 |
| Transfer fee | $1K |
| Renewal fee | $20K |
| Inventory (initial) | $407K – $598K |
| Total fee load | 7.7% 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 Outback Steakhouse Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 688
- Opened
- 0
- Last reporting year
- Closed
- 1
- Turnover rate
- 0.1%
- Company-owned
- 562
- Corporate units in the system
- % franchised
- 18%
- vs corporate-owned
- Net growth (yr3)
- -0.8%
- Net unit change last year
- 3-yr CAGR
- -3.1%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 18 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.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 2 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 2
- Loan volume
- $587K
- Median loan
- $294K
- average
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 0
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Outback Steakhouse presents caution-level risk: high capital requirements, unit decline, absent financial transparency, and historical regulatory issues in a structurally challenged casual dining sector.
Litigation (Item 3)
0 case reference(s): 0 pending, 0 settled.
Largest disclosed settlement: $2,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · PricewaterhouseCoopers LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
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 62 / 100 rating
- 01MINORDeclining unit count (-0.8% YoY) suggests mature/contracting system despite 688 locations
- 02MINORNo Item 19 financial performance disclosure limits ability to validate return on $4.3M–$8.4M investment
- 03HIGHHistorical litigation involving affiliate Bonefish Grill (2004–2006 unregistered franchise sales) indicates compliance gaps and reputational risk
- 04MINORHigh capital requirement ($4.3M–$8.4M) with opaque profitability creates significant financial exposure
- 05MINOR20-year term locks franchisees into potentially declining casual dining category without clear exit strategy
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 | 20 years |
|---|---|
| Renewal term | 20 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius |
| Protected territory | Yes |
| 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 |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Florida |
| Litigation count | 1 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 56 hrs
- On-the-job training
- 498 hrs
- Training location
- Franchisor's facility and on-site
- Franchisor financing
- Offered
- Item 10
- POS system
- POSitouch
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: POSitouch
Item 20 · call current owners
Franchisee Contacts
126 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Outback Steakhouse · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Outback Steakhouse franchise?
The total investment to open a Outback Steakhouse franchise ranges from $4.3M – $8.4M, with an initial franchise fee of $40K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Outback Steakhouse franchise owners earn?
Outback Steakhouse 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 Outback Steakhouse's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Outback Steakhouse (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 Outback Steakhouse franchise locations are there?
As of their most recent FDD filing, Outback Steakhouse has 688 total units in the United States, including 130 franchised units and 562 company-owned units.
Is Outback Steakhouse a good franchise to buy?
FranchiseVerdict rates Outback Steakhouse as a B-grade franchise with a risk score of 62 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.
For franchisors
Are you the franchisor?
If you represent Outback Steakhouse, you can request corrections or provide updated information.
Claim this brandOther Full-Service Restaurants franchises
Compare similar franchise opportunities in the Full-Service Restaurants category
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.