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Asian Food

Panda Express

Rosemead, CA · Founded 1983 · PENX

Citadel Panda Express, Inc. offers licenses for the development and operation of Panda Express Restaurants, which are limited-service Chinese and Asian food restaurants offering on-premises dining and carry-out of gourmet Chinese and other Asian food items, beverages and related menu items.

Read the 2026 FDD ↗www.pandaexpress.com ↗
2026 Franchise 500
Unranked
2,607
units (2025)
3.7%
year over year

Units by Year

2,230
2021
2,353
2022
2,413
2023
2,502
2024
2,607
2025

Total outlets at year end, from FDD Item 20.

The Investment

Initial investment
$514,500 – $3,275,500
FDD Item 7
Franchise fee
$25,000
FDD Item 5
Ad fund
—
FDD Item 6
Financial performance
Not recorded
FDD Item 19 disclosure
Royalty

Each Royalty Period you pay us 8% or as otherwise established, unless it is less than the minimum Royalty amount, which is currently $4,000.

Leadership

  • James Ku

    Chief Development Officer

  • Donna Wanser

    Vice President, Real Estate Legal and Property Management

  • David Landsberg

    Chief Financial Officer

  • Andrea Cherng

    Chief Brand Officer

On File

FDD years
202620252022
Select a year to open the FDD
Franchisee records
181
Current roster rows
Signed, not open
4
FDD Item 20, Table 5
Franchising for
30 yrs

Franchise Disclosure Documents

PDFPanda Express FDD 2026Most recent · opens in a new tabPDFPanda Express FDD 2025Opens in a new tabPDFPanda Express FDD 2022Opens in a new tab

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Read from this brand's Franchise Disclosure Documents. FDD library maintained by AskTy; figures are as filed by the franchisor.