Franchise Reality Check
Every Sweetgreen restaurant is company-owned and company-operated; it does not franchise.

Sweetgreen’s SEC filings present an entirely company-operated model: "we owned and operated 221 restaurants in 18 states and Washington, D.C." That filing never uses "franchise" to explain Sweetgreen’s own operations, since there is no franchise setup to explain. Sweetgreen opens and operates each location using its own capital and staff.

Sweetgreen Franchise: Not For Sale, Company-Owned

Sweetgreen, Inc. (NYSE: SG)
Restaurants (FY2023 10-K)
221 (18 states + DC)
Founded
2007
Ownership
Public (NYSE: SG)
Individual Franchise
Not Offered
How Sweetgreen Actually Operates in the US

Sweetgreen, Inc.

18 states + Washington, D.C. · 100% company-owned

Sweetgreen owns and operates every restaurant directly, while using its own capital as a public company to finance new openings. Its SEC filings describe growth solely as company-operated; its public disclosures contain no franchise division, franchise agreement, or FDD.

Why There's No Sweetgreen Franchise Fee to Quote

Fast-casual sandwich and sub franchises that DO take applications from individual candidates

Sweetgreen’s counter-service, build-your-own setup is more comparable to fast-casual sandwich and sub chains than full-service restaurants, making these the closest US franchise concepts by operating model. Each is actively seeking franchisees, and the investment figures come from current FDDs.

Other well-known US chains with no franchise on offer

Sweetgreen is not alone among major brands in running or licensing its US locations instead of individually franchising them.

Data: Sweetgreen, Inc. Form 10-K for fiscal year ended 2023-12-31 (sec.gov).
If any data is incorrect, write to [email protected]