Krystal vs Freddy’s Frozen Custard & Steakburgers
Franchise Comparison 2026
Both Krystal and Freddy’s Frozen Custard & Steakburgers are quick-service restaurants franchises. Krystal requires an investment of $1.4M – $2.2M while Freddy’s Frozen Custard & Steakburgers requires $786K – $2.8M. In terms of revenue, Freddy’s Frozen Custard & Steakburgers reports higher average unit revenue at $1.9M. Krystal has SBA lending data on file with a 22.7% charge-off rate. FranchiseVerdict rates Krystal D (Below Average) and Freddy’s Frozen Custard & Steakburgers A (Top Quintile).
| Metric | Krystal | Freddy’s Frozen Custard & Steakburgers |
|---|---|---|
| Verdict Grade | DBelow AverageBelow Average | ATop QuintileTop Quintile |
| Investment Range | $1.4M – $2.2M | $786K – $2.8M |
| Franchise Fee | $35K | $35K |
| Royalty Rate | 5.0% | For License Agreements signed before July 1, 2025: 4.5% of all Gross Receipts; For License Agreements signed on or after July 1, 2025: 5% of all Gross Receipts |
| Average Revenue (Item 19) | $982K | $1.9M |
| SBA Charge-Off Rate | 22.7% (33 loans) | N/A |
| Total Units | 280 | 550 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 1990 | 2004 |
| FDD Year | 2024 | 2025 |
Investment Range
$1.4M – $2.2M
$786K – $2.8M
Franchise Fee
$35K
$35K
Royalty Rate
5.0%
For License Agreements signed before July 1, 2025: 4.5% of all Gross Receipts; For License Agreements signed on or after July 1, 2025: 5% of all Gross Receipts
Average Revenue (Item 19)
$982K
$1.9M
SBA Charge-Off Rate
22.7% (33 loans)
N/A
Total Units
280
550
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
1990
2004
FDD Year
2024
2025