Panda Express Franchise Review

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Made the Grade

Panda Express is a Franchise Grade Made The Grade™ franchise opportunity, which means it's ranked well by our research team.

Franchise Opportunity Details

In 1983, the first Panda Express provided the opportunity to share the bold flavors of Chinese cuisine with their guests. A family's inspiration to bring people together began in Glendale, California and is now available around the world.

What is the upfront requirements to own an Panda Express franchise?

Panda Express has an initial franchise fee of up to $25,000, with a total upfront investment range of $426,700 to $2,404,000.

  • Initial Franchise Fee: $25,000
  • Total Investment: $426,700 to $2,404,000
  • Working Capital: $60,000 to $110,000
  • Royalty Fee: 8.0%

The upfront cost of any franchise opportunity includes multiple fees. Explore this franchise opportunity to better understand the specific costs required to own an Panda Express, such as territory fees, leasehold improvement costs, pre-opening advertising, and equipment purchases. It should be noted that, franchise companies must to disclose all initial fees. These are not only fees that are actually paid, but also commitments to fees you are required to pay.

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How much can I earn by owning a Panda Express franchise?

As with any new business, there needs to be a reasonable return on your investment and net profit potential. The specific franchisee's salary and the profits from an Panda Express franchise will depend on a variety of factors. One way to confirm the potential revenues or profits generated from a Panda Express franchise investment is to review the franchisor's Item 19 within their FDD. This is called an earnings claim. This is an option for franchisors within their disclosure and approximately 68% of all franchise companies that we analyze each year will disclose financial performance data within Item 19 of their FDD. Some franchise companies may disclose limited information such as average gross revenues. This type of information is not always helpful to determine profitability for you directly. So review overall sales data with caution. As expected, usually profits and owner's income are proportionate to the overall size of the initial investment. The larger the initial investment, the higher profits you should expect to see. Another factor to owner's salary potential is based on the number of locations you own. If you buy multiple locations (usually referred to as Area Development Agreements), you can anticipate that as you launch the next unit, you will generate more revenue and profits overall. Demand for your products, the labor costs in your state, commercial lease rates and several other variables also play a large role in your earnings and your take-home salary. Your financial success are dependent on the overall franchisor's success. Your profits and owner's income is not just dependent on how well your own location performs, you should analyze how well the entire franchise system is performing. Determine how the franchise company makes money and review their financial returns.

For more details and system-specific data on the profits of an Panda Express franchise opportunity, unlock this franchise opportunity

How many franchise outlets does Panda Express franchise system operate?

As of the 2022 Franchise Disclosure Document, there are 146 franchised Panda Express locations throughout the United States.

Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.

Are there any Panda Express franchise opportunities near me?

Based on 2022 FDD analysis, Panda Express has franchise locations in 37 states. There could be no locations in several states as each franchise plans their development strategy differently.


Based on the data collected this franchise opportunity is growing into new states and could be available near you. While planning your franchise purchase, you should be considering what is a good location for my franchise. Anlayze the potential customer base to confirm that the area you are looking at has a need or want for this franchise.

One of our franchise advisors will have detailed knowledge about this franchised business. Sign up to learn more and speak with our advisors.

Last Reviewed: 2022

Sector: Quick Service Restaurants

Category: Ethnic

Panda Express Franchise DATA

Total Investment
$426,700 - $2,404,000
Franchise Fee
Franchise agreement
Initial Term
10 Years
Renewal Term
5 Years
Franchise outlet growth
Ongoing fees
ad fees
# of franchised outlets


Does this brand provide any initial training and opening assistance?

Yes, they have an initial training program of 1299 hours. This includes 239 hours of classroom training, 1060 hours of on-the-job training, and 0 hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.

Online 0
On-the-Job 1060
Classroom 239
Total 1299

Does this brand provide Territory Rights?

Panda Express does NOT offer territory protections. For an explanation of territorial rights, unlock this franchise opportunity for important details.

Do they have marketing and technology support in place?

Yes, Panda Express offers comprehensive support for franchisees. Unlock this franchise to find out more.

How long ago did Panda Express begin franchising?

They began franchising in 1995. The average Ethnic franchise began franchising in 2007.

Do they offer lending support?

Yes. They offer certain financing options within Item 10 of their FDD.

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  • How much do franchise owners historically make?
  • Do they provide Veteran or First Responder discounts?
  • Do they use public figures to promote their franchise?
  • Do they disclose any bankruptcies?
  • Is this brand affiliated with any other franchise opportunities or private equity investment groups?
  • How many new locations have they opened in the last 5 years?
  • How many franchised locations have closed in the last 5 years?
  • How many new outlets have they sold in the last 5 years?
  • How many franchised locations have terminated in the last 5 years?
  • Do they operate any company or affiliate owned locations?
  • What is their initial and renewal term lengths?
  • How do they solve franchise disputes?
  • How long has the franchisor been in business?
  • Are they expanding internationally?
  • How often are royalties and advertising fees paid to the franchisor?
  • Is your desired franchise territory available?
  • What support can you expect to receive from the franchisor?
  • Why has new franchisee growth been so low?
  • What are the financial requirements to be approved as a franchise owner in this brand?
  • Are you required to work as an owner-operator or is this a passive investment opportunity?
  • Do they provide multi-unit discounts for buying more than one franchise?
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