Panda Express

Franchise Information

Analyzed filing: MN · File #1483532477

Filed: May 5, 2026

FDD Issued: Apr 17, 2026

Extracted: Aug 1, 2026

Analyzed

Franchisor Details

Name: Citadel Panda Express, Inc.

Parent: Panda Restaurant Group, Inc.

Address: 1683 Walnut Grove Avenue, Rosemead, California 91770

Phone: 626-799-9898

Website: www.pandaexpress.com

Franchising Since: 1995

Industry & Qualifications

Industry

Food & Beverage

Franchise Fee

$25,000

Royalty

8.0%

Total Investment

$515K - $3.28M

Initial Term

10 years

Renewable

Outlet Information

Total Outlets (2025)

2,607

Franchised

184

Company-Owned

2,423

Opened (Last Year)

+110

Closed (Last Year)

-5

Churn Breakdown (Last Year)

Terminations

Non-Renewals

Ceased Ops

Transfers

Reacquired

Item 19 (Financial Performance)

Disclosed

Unaudited historical gross sales data for calendar year 2025 (Dec 29, 2024 to De...

Financial Performance (Item 19)

Avg Unit Volume (through Dec 2025)

$1,715,919

Median

$1,328,594

Highest

$10,748,193

Lowest

$216,661

% Achieving Avg

38.0%

Sample Size

167 units

Legal History

Litigation: Yes

Multiple pending lawsuits including labor law class actions, employment discrimination, patent infri...

Bankruptcy: None

View filing:

Number	File name	Source State	Filing Date	Actions
381880771	MN_36068-202604-06_citadel-panda-express-inc.pdf Alternate source copy · newest filing	MN	May 5, 2026	Restricted
287248853	MN_36068-202604-11_citadel-panda-express-inc.pdf Alternate source copy	MN	May 5, 2026	Restricted
1483532477	MN_36068-202604-08_citadel-panda-express-inc.pdf Canonical 2026 analysis	MN	May 5, 2026	Restricted
165599274	MN_33601-202504-06_citadel-panda-express-inc.pdf Canonical 2025 analysis	MN	May 9, 2025	Restricted
1412745442	MN_33601-202504-07_citadel-panda-express-inc.pdf Alternate source copy	MN	May 9, 2025	Restricted
223550	509587_Franchise__Panda_Express_EFDID__509587_Virginia_223550.pdf Alternate source copy	VA	Apr 18, 2025 FDD issue date	Restricted
218809	509587_Franchise__Panda_Express_EFDID__509587_North Dakota_218809.pdf Alternate source copy	ND	Apr 18, 2025 FDD issue date	Restricted
222575	509587_Franchise__Panda_Express_EFDID__509587_South Dakota_222575.pdf Alternate source copy	SD	Apr 18, 2025 FDD issue date	Restricted
638559	638559_citadel-panda-express--inc-.pdf Alternate source copy	WI	Apr 18, 2025 FDD issue date	Restricted
1224301439	MN_31199-202404-07_citadel-panda-express-inc.pdf Alternate source copy	MN	May 20, 2024	Restricted
1630308769	MN_31199-202404-06_citadel-panda-express-inc.pdf Alternate source copy	MN	May 20, 2024	Restricted
144163	509587_Franchise__Panda_Express_EFDID__509587_Virginia_144163.pdf Canonical 2024 analysis	VA	Apr 18, 2024 FDD issue date	Restricted
139627	509587_Franchise__Panda_Express_EFDID__509587_North Dakota_139627.pdf Alternate source copy	ND	Apr 18, 2024 FDD issue date	Restricted
143840	441143_Franchise__Panda_Express_EFDID__441143_South Dakota_143840.pdf Alternate source copy	SD	Apr 18, 2024 FDD issue date	Restricted
67396	509587_Franchise__Panda_Express_EFDID__509587_Virginia_67396.pdf Alternate source copy	VA	Apr 18, 2023 FDD issue date	Restricted
64085	509587_Franchise__Panda_Express_EFDID__509587_North Dakota_64085.pdf Canonical 2023 analysis	ND	Apr 18, 2023 FDD issue date	Restricted
70069	441143_Franchise__Panda_Express_EFDID__441143_South Dakota_70069.pdf Alternate source copy	SD	Apr 18, 2023 FDD issue date	Restricted
18412	509587_Franchise__Panda_Express_EFDID__509587_Virginia_18412.pdf Canonical 2022 analysis	VA	Apr 18, 2022 FDD issue date	Restricted
24090	509587_Franchise__Panda_Express_EFDID__509587_Rhode Island_24090.pdf Alternate source copy	RI	Apr 18, 2022 FDD issue date	Restricted
23832	441143_Franchise__Panda_Express_EFDID__441143_South Dakota_23832.pdf Alternate source copy	SD	Apr 18, 2022 FDD issue date	Restricted

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