Is Anchor Bar or Nan Xiang Xiao Long Bao cheaper to open?

Anchor Bar costs $1,202,000–$1,854,000 and Nan Xiang Xiao Long Bao costs $1,180,000–$1,894,000 to open (FDD Item 7). Nan Xiang Xiao Long Bao has the lower entry cost.

Which is the better franchise, Anchor Bar or Nan Xiang Xiao Long Bao?

FranchiseVerdict grades Anchor Bar A and Nan Xiang Xiao Long Bao B, from FDD Items 5–7, 19–21 and SBA loan performance. See the full side-by-side above.

Anchor Bar vs Nan Xiang Xiao Long Bao

Franchise Comparison 2026

Both Anchor Bar and Nan Xiang Xiao Long Bao are full-service restaurants franchises. Anchor Bar requires an investment of $1.2M – $1.9M while Nan Xiang Xiao Long Bao requires $1.2M – $1.9M. Anchor Bar discloses average revenue of $2.4M; Nan Xiang Xiao Long Bao makes no financial performance representation in its Item 19, which is voluntary under the FTC Franchise Rule. FranchiseVerdict rates Anchor Bar A (Strongest tier) and Nan Xiang Xiao Long Bao B (Above average).

Metric	Anchor Bar	Nan Xiang Xiao Long Bao
Verdict Grade	AStrongest tier	BAbove average
Investment Range	$1.2M – $1.9M	$1.2M – $1.9M
Franchise Fee	$60K	$60K
Royalty Rate	5.0%	5.0%
Average Revenue (Item 19)	$2.4M	N/ANo Item 19 representation
SBA Charge-Off Rate	Limited data	N/A
Total Units	17	10
Unit Growth (YoY)	+0 units	+0 units
Year Began Franchising	2011	2026
FDD Year	2026	2026