How much does an Outback Steakhouse franchise cost?
Opening an Outback Steakhouse franchise takes a total initial investment of $4,303,000 to $8,419,000, according to the brand's 2025 Franchise Disclosure Document. That FDD makes no Item 19 financial performance representation, so it discloses no earnings figures at all.
Outback Steakhouse franchises Outback Steakhouse restaurants. Category: Food & Beverage.
Item 7
What it costs to open an Outback Steakhouse franchise
The franchisor's own estimated initial investment, as disclosed in its 2025 FDD. The total is $4,303,000 to $8,419,000. Each line below carries the FDD page it was read from.
Where the money goes
The largest costs are Building construction ($2,000,000 to $2,700,000), Furniture, fixtures, and equipment (including computer system) ($950,000 to $1,100,000), and Site construction ($50,000 to $1,000,000). Together they make up about 57% of the high-end estimate.
The initial franchise fee is $40,000, about 0.9% of the low-end total.
Our arithmetic from the Item 7 table below.
| Expenditure | Low | High | Source |
|---|---|---|---|
| Initial franchise fee2025 FDD, Item 7, p. 16 | $40,000 | $40,000 | 2025 FDD, Item 7, p. 16 |
| Building construction2025 FDD, Item 7, p. 16 | $2,000,000 | $2,700,000 | 2025 FDD, Item 7, p. 16 |
| Site construction2025 FDD, Item 7, p. 16 | $50,000 | $1,000,000 | 2025 FDD, Item 7, p. 16 |
| Design & site development (including professional fees, impact fees, permits and utility connections)2025 FDD, Item 7, p. 16 | $41,000 | $337,000 | 2025 FDD, Item 7, p. 16 |
| Furniture, fixtures, and equipment (including computer system)2025 FDD, Item 7, p. 16 | $950,000 | $1,100,000 | 2025 FDD, Item 7, p. 16 |
| Signage2025 FDD, Item 7, p. 16 | $80,000 | $250,000 | 2025 FDD, Item 7, p. 16 |
| Inventory – first 3 months2025 FDD, Item 7, p. 16 | $397,000 | $583,000 | 2025 FDD, Item 7, p. 16 |
| Liquor License2025 FDD, Item 7, p. 16 | $1,000 | $815,000 | 2025 FDD, Item 7, p. 16 |
| Utilities – first 3 months2025 FDD, Item 7, p. 16 | $27,000 | $52,000 | 2025 FDD, Item 7, p. 16 |
| Opening Crew2025 FDD, Item 7, p. 16 | $64,000 | $138,000 | 2025 FDD, Item 7, p. 16 |
| Pre-opening food and beverage costs for training2025 FDD, Item 7, p. 16 | $11,000 | $37,000 | 2025 FDD, Item 7, p. 16 |
| Pre-opening supplies2025 FDD, Item 7, p. 16 | $10,000 | $15,000 | 2025 FDD, Item 7, p. 16 |
| Pre-opening labor and training expenses2025 FDD, Item 7, p. 16 | $42,000 | $88,000 | 2025 FDD, Item 7, p. 16 |
| Other miscellaneous opening expenses2025 FDD, Item 7, p. 16 | $14,000 | $64,000 | 2025 FDD, Item 7, p. 16 |
| Insurance costs2025 FDD, Item 7, p. 16 | $75,000 | $125,000 | 2025 FDD, Item 7, p. 16 |
| Staffing & employment costs – first 3 months2025 FDD, Item 7, p. 16 | $399,000 | $715,000 | 2025 FDD, Item 7, p. 16 |
| Legal costs2025 FDD, Item 7, p. 16 | $15,000 | $70,000 | 2025 FDD, Item 7, p. 16 |
| Rent – first 3 months2025 FDD, Item 7, p. 17 | $10,000 | $137,000 | 2025 FDD, Item 7, p. 17 |
| Additional funds - first 3 months2025 FDD, Item 7, p. 17 | $77,000 | $153,000 | 2025 FDD, Item 7, p. 17 |
| Total estimated initial investment2025 FDD, Item 7, p. 17 | $4,303,000 | $8,419,000 | 2025 FDD, Item 7, p. 17 |
Source Outback Steakhouse, 2025 FDD, Item 7, p. 17, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-15.
Item 19
What Outback Steakhouse franchisees actually report earning
This brand's FDD publishes no Item 19.
We do not make any representations about a franchisee’s future financial performance or the past financial performance of company-owned or franchised outlets. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet.
Source Outback Steakhouse, 2025 FDD, Item 19, p. 47, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-15.
Item 20
How many Outback Steakhouse outlets there are, and how many closed
Outback Steakhouse ended 2023 with 126 franchised outlets and 562 company-owned outlets. In that year no franchised outlets opened and 1 left the system.
Three years at a glance
From 2021 through 2023, Outback Steakhouse opened 1 franchised outlet and 13 outlets left the system. That is a net loss of 12, from 138 to 126 franchised outlets. Of the outlets that left, 1 was terminated, 2 were not renewed, and 10 closed for other reasons.
On average, about 3.3% of franchised outlets left the system each year, roughly 1 in 30.
Our arithmetic from the FDD's Item 20 table below. "Left the system" counts every outlet the franchisor reports as terminated, not renewed, bought back, or closed for other reasons.
| Year | Start | Opened | Terminated | Non-renewed | Reacquired | Ceased, other | End | Source |
|---|---|---|---|---|---|---|---|---|
| 2023 | 127 | 0 | 0 | 0 | 0 | 1 | 126 | 2025 FDD, Item 20, p. 50 |
| 2022 | 130 | 1 | 1 | 0 | 0 | 3 | 127 | 2025 FDD, Item 20, p. 50 |
| 2021 | 138 | 0 | 0 | 2 | 0 | 6 | 130 | 2025 FDD, Item 20, p. 50 |
Source Outback Steakhouse, 2025 FDD, Item 20, p. 50, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-15.
Compare
How Outback Steakhouse compares with other Food & Beverage franchises
Measured against the 256 Food & Beverage franchises on this site, using each brand's own FDD.
- Cost to open. The middle of Outback Steakhouse's estimated range is $6,361,000. It costs more to open than 99% of Food & Beverage franchises here.
- Outlets leaving each year. 3.3% for Outback Steakhouse. That is lower than 68% of the 165 Food & Beverage franchises with at least 10 outlets.
- Three-year growth. Outback Steakhouse's franchised system shrank 8.7%. The typical Food & Beverage franchise here grew 5.0%.
- Earnings disclosure. 152 of the 256 Food & Beverage franchises here publish earnings figures in Item 19. Outback Steakhouse is not one of them.
Our arithmetic from each brand's Item 7 and Item 20. Growth and departure comparisons leave out brands with fewer than 10 outlets, where one opening or closure distorts the figures. See every Food & Beverage franchise side by side.
Alert me when Outback Steakhouse files a new FDD
Franchisors reissue their FDD at least once a year, and the Item 7 and Item 19 figures move. Leave an email and we will send you Outback Steakhouse's updated numbers when the next document is published, plus the brand-comparison worksheet.
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