Beard Papa’s Kiosk vs Milky
Franchise Comparison 2026
Both Beard Papa’s Kiosk and Milky are quick-service restaurants franchises. Beard Papa’s Kiosk requires an investment of $164K – $446K while Milky requires $208K – $400K. Neither Beard Papa’s Kiosk nor Milky makes a financial performance representation in Item 19 of its FDD — a voluntary item under the FTC Franchise Rule — so the two cannot be compared on disclosed unit revenue. FranchiseVerdict rates Beard Papa’s Kiosk C (Average) and Milky C (Average).
| Metric | Beard Papa’s Kiosk | Milky |
|---|---|---|
| Verdict Grade | CAverageAverage | CAverageAverage |
| Investment Range | $164K – $446K | $208K – $400K |
| Franchise Fee | $45K | $35K |
| Royalty Rate | 5.0% | 6.0% |
| Average Revenue (Item 19) | N/ANo Item 19 representation | N/ANo Item 19 representation |
| SBA Charge-Off Rate | N/A | N/A |
| Total Units | N/A | 0 |
| Unit Growth (YoY) | N/A | +0 units |
| Year Began Franchising | 2004 | 2025 |
| FDD Year | 2026 | 2025 |
Investment Range
$164K – $446K
$208K – $400K
Franchise Fee
$45K
$35K
Royalty Rate
5.0%
6.0%
Average Revenue (Item 19)
N/ANo Item 19 representation
N/ANo Item 19 representation
SBA Charge-Off Rate
N/A
N/A
Total Units
N/A
0
Unit Growth (YoY)
N/A
+0 units
Year Began Franchising
2004
2025
FDD Year
2026
2025