Panda Express Franchise Cost (2025)
Complete cost breakdown for Panda Express franchise: $515K–$3276K investment, 8% royalty, franchise fee, and ongoing costs. From the official 2025 FDD.
Source: 2025 FDD filed in MN
Total Investment
$515K–$3.3M
Franchise Fee
$25K
Non-refundable
Royalty
8%
Gross Volume
Ad Fund
—
Ongoing Fees
Monthly and annual costs after opening.
| Fee | Amount | Notes |
|---|---|---|
| Royalty | 8% of gross sales | |
| Ad Fund | — |
Revenue Context
Average Revenue
$1.6M
From Item 19 (2025 FDD)
Investment-to-Revenue Ratio
0.3x
Lower is better (min inv ÷ avg rev)
Annual Fee Burden
8%+
Royalty + ad fund as % of gross sales
At average revenue of $1.6M, you'd pay approximately $127K/year in royalties alone.
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