FDD Year-over-Year Comparison
Arby's FDD: What Changed from 2025 to 2026
The 2026 Arby's FDD is close to the 2025 filing on Item 7 — the low end edges up $6,600 to $651,550 and the high end up $5,600 to $2,456,600 — while the system contracts by 100 restaurants to 3,265 (−3.0%).
Item 7 — Estimated Initial Investment
| 2025 FDD | 2026 FDD | Change |
|---|
| Low end of range | $644,950 | $651,550 | +$6,600 |
| High end of range | $2,451,000 | $2,456,600 | +$5,600 |
| Full range | $644,950–$2,451,000 | $651,550–$2,456,600 | |
Both ends of the Item 7 range shift up by modest amounts between filings; the overall band widens slightly from $1,806,050 to $1,805,050.
Item 20 — System Size (Outlet Count)
| 2025 FDD | 2026 FDD | Change |
|---|
| Total outlets (Item 20) | 3,365 | 3,265 | −100 (−3.0%) |
Arby's reports 3,265 outlets in the 2026 FDD, down 100 from 3,365 in the 2025 filing.
Item 19 — Financial Performance Representations
Arby's included an Item 19 financial performance representation in both the 2025 and 2026 filings.
Item 6 — Ongoing Fees
| 2025 FDD | 2026 FDD | Change |
|---|
| Royalty rate | 4% | 4% | unchanged |
The ongoing royalty rate remains 4% of Gross Sales between filings.
Frequently asked questions
Did the cost to open an Arby's franchise change in the 2026 FDD?
The 2026 FDD for Arby's states an Item 7 estimated initial investment of $651,550–$2,456,600, against $644,950–$2,451,000 in the 2025 filing. The low end moves from $644,950 to $651,550 (+$6,600) and the high end moves from $2,451,000 to $2,456,600 (+$5,600).
How many locations does Arby's have?
The 2026 FDD for Arby's reports 3,265 outlets in Item 20, against 3,365 in the 2025 filing — 100 fewer.
Did Arby's change its royalty rate?
No. Both the 2025 and 2026 filings for Arby's state a standard royalty of 4%.
Does Arby's disclose financial performance in its FDD?
Arby's included an Item 19 financial performance representation in both the 2025 and 2026 filings.
Unlock this Workspace
- Clearly Report + Workspace
- Full FDD breakdown with citations
- Ask Clara as many questions as you need
- Saved to your Clearly Library, organized by brand