BURGER KING vs Panda Express
Franchise Comparison 2026
Both BURGER KING and Panda Express are quick-service restaurants franchises. BURGER KING requires an investment of $348K – $3.3M while Panda Express requires $515K – $3.3M. In terms of revenue, Panda Express reports higher average unit revenue at $1.6M. BURGER KING has SBA lending data on file with a 7.3% charge-off rate. FranchiseVerdict rates BURGER KING A (Top Quintile) and Panda Express A (Top Quintile).
| Metric | BURGER KING | Panda Express |
|---|---|---|
| Verdict Grade | ATop QuintileTop Quintile | ATop QuintileTop Quintile |
| Investment Range | $348K – $3.3M | $515K – $3.3M |
| Franchise Fee | $50K | $25K |
| Royalty Rate | See Item 6 for specific rates based on program and year | Greater of 8% of Gross Volume or $4,000 per 4-week period |
| Average Revenue (Item 19) | $1.4M | $1.6M |
| SBA Charge-Off Rate | 7.3% (275 loans) | Limited data |
| Total Units | 19,900 | 2,502 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 1954 | 2004 |
| FDD Year | 2026 | 2025 |
Investment Range
$348K – $3.3M
$515K – $3.3M
Franchise Fee
$50K
$25K
Royalty Rate
See Item 6 for specific rates based on program and year
Greater of 8% of Gross Volume or $4,000 per 4-week period
Average Revenue (Item 19)
$1.4M
$1.6M
SBA Charge-Off Rate
7.3% (275 loans)
Limited data
Total Units
19,900
2,502
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
1954
2004
FDD Year
2026
2025