Outback Steakhouse franchise
Outback Steakhouse is a casual steakhouse chain with Australian-themed decor, serving seasoned grilled steaks, chops, seafood and its Bloomin' Onion. It is owned by Bloomin' Brands. At the end of 2024 there were 675 Outback Steakhouse locations in the US, 122 franchised and 553 company-owned, so most are run by the company itself.
- Cost to open
- $4.26M–$9.04M
- Franchise fee
- $40,000
- Royalty
- 5%
- Locations, 2024
- 675−8 in 3 yrs
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Company snapshot
- Franchising since
- 1993
- First location
- 1988
- Franchisor based in
- Tampa, Florida
- Agreement length
- 20 years
- Financing
- None offered
From Outback Steakhouse of Florida, LLC’s 2025 filing.
How much a Outback Steakhouse franchise costs
Opening one Outback Steakhouse restaurant costs an estimated $4,260,000 to $9,043,000. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Outback Steakhouse of Florida, LLC, 2025 filing, page 24
Outback Steakhouse franchise fee
The franchise fee is $40,000, paid half on signing and half before construction. You pay it when you sign the franchise agreement.
Source: Outback Steakhouse of Florida, LLC, 2025 filing, page 15
Royalty and ongoing fees
| Royalty | 5% of monthly net sales, paid monthly. |
|---|---|
| Brand or marketing fund | 8% of gross sales |
Source: Outback Steakhouse of Florida, LLC, 2025 filing, page 17
Sales and earnings
No figures Outback Steakhouse does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Outback Steakhouse of Florida, LLC, 2025 filing, page 52
Locations opened and closed
| Year | Franchised | Company-owned | Closed |
|---|---|---|---|
| 2022 | 127 (−3) | 566 | 4 |
| 2023 | 126 (−1) | 562 | 1 |
| 2024 | 122 (−4) | 553 | 4 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
Source: Outback Steakhouse of Florida, LLC, 2025 filing, page 53
How Outback Steakhouse compares
Of the 59 restaurant franchises on this site, Outback Steakhouse is the most expensive to open and the 34th largest by number of locations.
| Measure | Outback Steakhouse | Typical restaurant |
|---|---|---|
| Cost to open, low end | $4.26M | $846K |
| Royalty | 5% | 5% |
| Closed or left per year | 2.3% | 2.3% |
| Change in franchised locations, 3 yrs | −6.2% | +5.3% |
| Shares earnings figures | No | 49 of 59 |
Typical is the median across the 59 brands in restaurant franchises.
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Outback Steakhouse franchise questions
Does Outback Steakhouse help with financing?
No. Outback Steakhouse does not offer financing or guarantee loans or leases, so buyers arrange their own, usually a bank or SBA loan.
How long is a Outback Steakhouse franchise agreement?
The initial term is 20 years. Renewal is usually possible if you're in good standing, often for a fee and a remodel.
Is Outback Steakhouse growing or shrinking?
Over the last 3 years 1 franchised locations opened and 9 closed or left, a net change of −6.2%. About 2.3% of locations closed or left each year. That is in line with the 2.3% typical for restaurant franchises.
How does Outback Steakhouse compare with other restaurant franchises?
Of the 59 restaurant franchises here, Outback Steakhouse is the most expensive to open (low end $4.26M against a $846K median) and the 34th largest by number of locations. Its 5% royalty is in line with the 5% median.
Does Outback Steakhouse say how much franchisees make?
No, Outback Steakhouse doesn't publish sales or profit figures for its locations, while 49 of the 59 restaurant brands here do. Current and former owners are the best source.
Where is Outback Steakhouse based?
Outback Steakhouse of Florida, LLC is based in Tampa, Florida and the brand has sold franchises since 1993; the first location opened in 1988.