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FranchiseVerdict

Arwa Coffee vs Ululani’s Hawaiian Shave Ice

Franchise Comparison 2026

Both Arwa Coffee and Ululani’s Hawaiian Shave Ice are quick-service restaurants franchises. Arwa Coffee requires an investment of $243K – $610K while Ululani’s Hawaiian Shave Ice requires $286K – $566K. In terms of revenue, Arwa Coffee reports higher average unit revenue at $1.3M. FranchiseVerdict rates Arwa Coffee A (Top Quintile) and Ululani’s Hawaiian Shave Ice A (Top Quintile).

Investment Range
$243K – $610K
$286K – $566K
Franchise Fee
$35K
$48K
Royalty Rate
4.0%
5.0%
Average Revenue (Item 19)
$1.3M
$907K
SBA Charge-Off Rate
Limited data
N/A
Total Units
3
10
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2024
2016
FDD Year
2025
2025