The fast casual, celebrating its 20th anniversary in August, has gone from zero to 450 restaurants in two decades.
The brand is the 12th-largest burger chain in America in terms of footprint and the 14th-biggest in sales, according to the QSR 50.
Freddy's wants to open 800 locations by 2026. The fast casual is about 350 stores away from its goal.
In 2021, Freddy’s increased its system by 32 locations. The only burger concepts to open more were Culver’s, Wendy’s, and Shake Shack.
The fast casual, celebrating its 20th anniversary in August, has gone from zero to 450 restaurants in two decades.
The 450-unit concept will be close to a unit development record this year. In 2023, it's expected to be broken by a wide margin.
The chain is in the process of building two, slimmer double-drive thru prototypes—one 2,800 square feet and the other 2,500 square feet.
Freddy’s reported a 17.8 percent increase in systemwide sales in 2021, and franchisees experienced a 13.7 percent lift in AUV.