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SUBJECT DOSSIER · FDD 2024

A&W RESTAURANTS Franchise

Cost, fees, owner earnings, closure rate and litigation for a A&W RESTAURANTS franchise — pulled from the franchisor's own public FDD (2024), not its sales material.

Quick Service Restaurants · disclosure-honesty grade · from public state filings

Disclosure honesty

C
Transparency 3 / 5

A&W RESTAURANTS discloses earnings (Item 19) — but the grade is how honestly. We graded it C.

Outlets455
Disclosed lawsuits0
Closure signals6 ceased
Investment
$287,368–$1,573,172
Total fees
10% of sales
Outlets
455
Closure signals
6 ceased, 6 terminated
Lawsuits
0
◢ FINDINGS
ITEM 20
6 outlets ceased operations
Single-brand net change +2 (2023); co-brand declined 34 outlets. 6 terminations, 6 ceased operations in 2023.

What their own earnings claim actually says

Net Sales data for 56 freestanding and 53 C&G restaurants (2023). Avg freestanding: $1.3M; C&G: $785K. P&L data limited to 24/11 restaurants respectively. Excludes seasonal, non-drive-thru, co-brand, captive outlets.

What a A&W RESTAURANTS franchise actually costs to run

FeeDisclosedWhere it comes from
Initial franchise fee$15,000Item 5 — paid up front, before you open
Royalty5% of gross salesItem 6 — charged on revenue, not profit
Advertising fund5% of gross salesItem 6 — brand marketing, spent at the franchisor's discretion
Total recurring fees10% of gross salesBefore rent, labor, food or debt service
Total initial investment$287,368 – $1,573,172Item 7 — franchisor's own low/high estimate

Royalty: 5% (3% first year, incentives available). Ad fee: 5% (2% captive). Transfer fee: $5,000. Renewal: $2,500.

Royalty and ad-fund percentages are charged on gross sales — an owner pays them whether or not the location is profitable.

A&W RESTAURANTS system size and owner turnover

Total outlets455
Ceased operations6
Terminated by franchisor6
Transferred to new owners13
Closure rate1.3% of outlets

Single-brand net change +2 (2023); co-brand declined 34 outlets. 6 terminations, 6 ceased operations in 2023.

From Item 20 of the FDD 2024. Terminations and ceased operations are the franchisor's own count of owners who stopped — the number the sales pitch leaves out.

Is A&W RESTAURANTS worth it? — how it compares to 164 similar franchises

Ongoing fees10% of salessteeper than 86% of quick service restaurants franchises
Startup costfrom $287,368cheaper than most (median $481,500)
Disclosure honestyGrade Ctypical for the category
Closure rate1.3% of outletsabout average
Disclosed lawsuits0fewer than most

Benchmarked against every quick service restaurants franchise we've graded from public FDDs — the context the franchisor's pitch never gives you.

◤ CLASSIFIED · ITEM 19 RECONSTRUCTED

Owner take-home for a A&W RESTAURANTS

The franchisor's framing: Net Sales data for 56 freestanding and 53 C&G restaurants (2023). Avg freestanding: $1.3M;… We reconstruct what an owner actually keeps, from their own FDD.

LOW
MEDIAN
HIGH

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A&W RESTAURANTS franchise — frequently asked

How much does a A&W RESTAURANTS franchise cost?
The FDD lists a total initial investment of about $287,368–$1,573,172, including a $15,000 initial franchise fee.
How much do A&W RESTAURANTS franchise owners make?
Net Sales data for 56 freestanding and 53 C&G restaurants (2023). Avg freestanding: $1.3M; C&G: $785K. P&L data limited to 24/11 restaurants respectively. Excludes seasonal, non-drive-thru, co-brand, captive outlets. We grade this disclosure C for honesty.
What are the A&W RESTAURANTS franchise fees?
A&W RESTAURANTS' FDD discloses a $15,000 initial franchise fee, a 5% royalty on gross sales, a 5% advertising-fund contribution, for roughly 10% of gross sales in recurring fees before rent, labor, or debt service. Royalty: 5% (3% first year, incentives available). Ad fee: 5% (2% captive). Transfer fee: $5,000. Renewal: $2,500.
What is the A&W RESTAURANTS franchise profit margin?
A&W RESTAURANTS does not publish a franchisee net-profit margin — almost no franchisor does. What Item 19 actually shows: Net Sales data for 56 freestanding and 53 C&G restaurants (2023). Avg freestanding: $1.3M; C&G: $785K. P&L data limited to 24/11 restaurants respectively. Excludes seasonal, non-drive-thru, co-brand, captive outlets. Recurring fees alone take about 10% of gross sales, before rent, labor, food or debt service. Margin has to be reconstructed from the disclosure, not read off it.
What is the A&W RESTAURANTS franchise failure rate?
Single-brand net change +2 (2023); co-brand declined 34 outlets. 6 terminations, 6 ceased operations in 2023.
How many A&W RESTAURANTS locations are there?
A&W RESTAURANTS' FDD reports 455 total outlets, with 6 that ceased operations in the most recent reporting year and 13 transferred to new owners. Item 20 is where system health shows up before the marketing does.
Does A&W RESTAURANTS have complaints or lawsuits?
A&W RESTAURANTS discloses no material litigation in Item 3 of the filing we reviewed. That's a positive signal, though it covers only what the franchisor is required to report.
Is a A&W RESTAURANTS franchise worth it?
It depends on the numbers, not the pitch. A&W RESTAURANTS scores C on disclosure honesty, carries about 10% of sales in ongoing fees. Get the real owner take-home before you sign.

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Source: MN CARDS 31158-202404-09 (Clean FDD 2024). FranchiseValidate is independent and not affiliated with A&W RESTAURANTS or its franchisor. Figures are extracted from the franchisor's own public disclosure document; verify against the current FDD before any decision.