Raising Cane’s Franchise FDD, Profits & Costs (2025)

Raising Cane’s was founded by Todd Graves in 1996 in Baton Rouge, Louisiana, with the vision to focus on quality chicken finger meals as their “ONE LOVE®.” The company prides itself on its active community involvement, unique culture, and great crew.

With headquarters in Baton Rouge and an additional support office in Plano, Texas, the restaurant’s brand is recognized for its focus on providing craveable chicken finger meals and an enjoyable customer experience. The company’s vision is to grow globally while maintaining its commitment to quality and community.

Raising Cane’s started franchising in the same year it was founded, 1996. Today, the company has experienced rapid growth, boasting over 780 restaurants worldwide, with recent expansion into various states across the U.S. and internationally.

However, Raising Cane’s is currently not accepting new franchise applications in the U.S. as of now, focusing on company-owned growth instead. Raising Cane’s differentiates itself from competitors through its simple menu, emphasizing quality chicken finger meals, and its commitment to customer service and community engagement​.

Initial Investment

How much does it cost to start a Raising Cane’s franchise? Raising Cane’s does not offer franchise opportunities, as all of its locations are company-owned.

Therefore, it is not possible to start a Raising Cane’s franchise, and there is no associated cost for franchising with the company.

For similar chicken food restaurant franchises, however, the initial investment is on average $1,163,000, ranging from $28,000 to $4,830,000.

Here are a few comparable franchises with their initial investment requirements:

Average Revenue (AUV)

How much revenue can you make with a Raising Cane’s franchise? Since Raising Cane’s does not franchise its stores and all locations are company-owned, Raising Cane’s does not publish a Franchise Disclosure Document. Therefore, it does not disclose the average revenue of its restaurants.

However, looking at comparable franchises, a similar chicken food restaurant franchise makes on average $1,662,000 in revenue (AUV) per year.

Below are 10 Raising Cane’s competitors and their average yearly revenue as a comparison:

Frequently Asked Questions

How many Raising Cane’s locations are there?

As of the latest data, Raising Cane’s operates 749 locations across 42 U.S. states and five other countries. The majority of these locations are company-owned, as the brand is focusing on developing corporate-owned restaurants rather than franchising new units. While there are some franchise-owned locations, the emphasis remains on corporate growth and managing its existing franchises.

What is the total investment required to open a Raising Cane’s franchise?

Raising Cane’s does not offer franchise opportunities and therefore, it is not possible to establish the initial investment to start a Raising Cane’s franchise.

However, the total investment required to open a franchised restaurant similar to Raising Cane’s franchise ranges from $28,000 to $4,830,000.

What are the ongoing fees for a Raising Cane’s franchise?

Since Raising Cane’s does not offer franchises and all stores are company-owned, the ongoing fees such as royalty fees or advertising fees associated with franchising the brand are not readily available.

Yet, similar chicken franchises in the industry charge an average of 4%-6% in royalty fees and 2%-5% in advertising fees ( e.g. Popeyes).

What are the financial requirements to become a Raising Cane’s franchisee?

Raising Cane’s is not currently offering new franchise opportunities, focusing instead on expanding its company-owned locations and supporting existing franchisees.

However, the financial requirements for becoming a Raising Cane’s franchisee include a net worth of at least $1.5 million and $750,000 in liquid assets.

How much can a Raising Cane’s franchise owner expect to earn?

Since Raising Cane’s is entirely company-owned and does not operate as a franchise, there is no earning disclosure for a Raising Cane’s franchise.

Yet, let’s assume the average gross sales for a chicken-style restaurant franchise we gave earlier ($1,662,000 per restaurant). Assuming a 15% operating profit margin, $1,662,000 yearly revenue would result in $249,300 operating profit.

Who owns Raising Cane’s?

Raising Cane’s is owned by its founder, Todd Graves. He started the company in 1996 in Baton Rouge, Louisiana, and remains the owner, overseeing its operations and expansion. The company is privately owned and does not publicly trade its stock.

Disclaimer

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