FIVE GUYS vs Papa Murphy's

Two franchise systems, side by side. For a software vendor, they are not the same opportunity.

More open target
FIVE GUYS
wins 2 of 12 vendor rows

Five Guys is the stronger software-sales opportunity right now. Budget tells the story: with an initial investment ceiling of $1.38M against Papa Murphy’s $693K, Five Guys franchisees operate higher-volume, higher-complexity kitchens that demand robust POS, inventory, scheduling, and back-office tools—and they have the cash to pay for them. We win on deal size from the start. TAM cements it. Five Guys fields 1,558 total units, 613 of them corporate-owned. That corporate block is a concentrated sale: one contract, 600+ seats, immediate revenue, then a land-and-expand path into the 945 franchised units. Papa Murphy’s nearly all-franchised system (965 units) merely matches the franchised slice, but its corporate base is negligible—no beachhead for a single big win.

Timing and terrain widen the gap. Five Guys is growing at 2.3% unit growth year-over-year, while Papa Murphy’s is shrinking nearly 3.6%. Growth means fresh builds, new franchisees buying tech stacks, and existing operators investing to scale. Contraction means churn, frozen budgets, and survival-mode thinking—hardly a fertile selling environment. Terrain also favors Five Guys: the brand’s cook-to-order, high-SKU operation creates a constant need for integrated software that can handle speed, yield management, and labor orchestration. The meaningful tradeoff is that Papa Murphy’s slightly larger franchised-unit count (965 vs. 945) gives us marginally more independent decision-makers, but those units are lower-wallet, declining, and simpler to operate—a pyrrhic edge. In a dollar-per-seat, growth-adjusted play, Five Guys’ corporate-franchise mix unlocks faster, larger, and stickier deployments.

Verdict: Target Five Guys—higher per-unit budget, a corporate anchor sale, and positive system growth make it the unequivocal software-sales opportunity right now, despite Papa Murphy’s thin lead in franchised unit count.

quick_service_restaurant
FIVE GUYS
quick_service_restaurant
Papa Murphy's
Total units
1,558
1,014
Franchised units
945
965
Unit growth YoY
2.273%
-3.596%
Average unit revenue (AUV)
Royalty
6%
5%
Ad fund
2%
2%
Initial franchise fee
$25K
$25K
Investment range (low)
$928K
$450K
Investment range (high)
$1.38M
$693K
Procurement model
Approved supplier
Approved supplier
FDD fiscal year
2026
2026
Filing freshness
CURRENT
CURRENT

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Common questions

FIVE GUYS vs Papa Murphy's, answered

FIVE GUYS has 1,558 total units and Papa Murphy's has 1,014, so FIVE GUYS is the larger system.
FIVE GUYS grew units +2.273% year over year vs -3.596% for Papa Murphy's, so FIVE GUYS is growing faster.
FIVE GUYS charges a 6% royalty and Papa Murphy's charges 5%, so Papa Murphy's has the lower royalty.
Both charge a $25K initial franchise fee.
FIVE GUYS's initial investment runs $928K–$1.38M and Papa Murphy's's runs $450K–$693K, so FIVE GUYS requires the larger investment.

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