Which Fat Shack restaurants are included in the company-owned outlet count?

According to Fat Shack's 2025 Franchise Disclosure Document, the company-owned outlet count includes Fat Shack restaurants owned by specific current and former affiliates. These affiliates are FS Aurora, FSOC Boulder, FSOC Fort Collins, FSOC Greeley, FSOC Loveland, and FS Lincoln Park. This information is relevant for prospective franchisees as it provides transparency into which outlets are operated directly by Fat Shack versus those run by franchisees.

Understanding which locations are company-owned can give potential franchisees insight into the operational strategies and financial performance of Fat Shack's corporate-run stores. It also helps to differentiate between the performance of franchised locations and company-owned locations, which can be useful in evaluating the overall health and potential of the franchise system.

Prospective franchisees might want to further investigate the performance metrics of these specific company-owned locations. Understanding why these locations are company-owned rather than franchised, and how their performance compares to franchised locations, could be a valuable part of the due diligence process.