Is Outback Steakhouse or Bonefish Grill cheaper to open?

Outback Steakhouse costs $4,303,000–$8,419,000 and Bonefish Grill costs $4,260,000–$9,043,000 to open (FDD Item 7). Bonefish Grill has the lower entry cost.

Which is the better franchise, Outback Steakhouse or Bonefish Grill?

FranchiseVerdict grades Outback Steakhouse B and Bonefish Grill B, from FDD Items 5–7, 19–21 and SBA loan performance. See the full side-by-side above.

Outback Steakhouse vs Bonefish Grill

Franchise Comparison 2026

Both Outback Steakhouse and Bonefish Grill are full-service restaurants franchises. Outback Steakhouse requires an investment of $4.3M – $8.4M while Bonefish Grill requires $4.3M – $9.0M. Neither Outback Steakhouse nor Bonefish Grill makes a financial performance representation in Item 19 of its FDD — a voluntary item under the FTC Franchise Rule — so the two cannot be compared on disclosed unit revenue. FranchiseVerdict rates Outback Steakhouse B (Above average) and Bonefish Grill B (Above average).

Metric	Outback Steakhouse	Bonefish Grill
Verdict Grade	BAbove average	BAbove average
Investment Range	$4.3M – $8.4M	$4.3M – $9.0M
Franchise Fee	$40K	$40K
Royalty Rate	5.0%	5.0%
Average Revenue (Item 19)	N/ANo Item 19 representation	N/ANo Item 19 representation
SBA Charge-Off Rate	N/A	N/A
Total Units	688	166
Unit Growth (YoY)	-1 units	-2 units
Year Began Franchising	1993	2002
FDD Year	2024	2025