Elevation Burger vs Newk's Eatery
Franchise Comparison 2026
Both Elevation Burger and Newk's Eatery are quick-service restaurants franchises. Elevation Burger requires an investment of $517K – $2.0M while Newk's Eatery requires $1.0M – $1.4M. In terms of revenue, Newk's Eatery reports higher average unit revenue at $2.4M. Note: Reported as net sales, not gross sales. FranchiseVerdict rates Elevation Burger C (Average) and Newk's Eatery B (Above average).
| Metric | Elevation Burger | Newk's Eatery |
|---|---|---|
| Verdict Grade | CAverage | BAbove average |
| Investment Range | $517K – $2.0M | $1.0M – $1.4M |
| Franchise Fee | $50K | $40K |
| Royalty Rate | 6.0% | 5.0% |
| Average Revenue (Item 19) | $1.1MOutlet subset | $2.4M |
| SBA Charge-Off Rate | Limited data | Limited data |
| Total Units | 32 | 95 |
| Unit Growth (YoY) | -3 units | -2 units |
| Year Began Franchising | 2008 | 2005 |
| FDD Year | 2025 | 2025 |
Investment Range
$517K – $2.0M
$1.0M – $1.4M
Franchise Fee
$50K
$40K
Royalty Rate
6.0%
5.0%
Average Revenue (Item 19)
$1.1MOutlet subset
$2.4M
SBA Charge-Off Rate
Limited data
Limited data
Total Units
32
95
Unit Growth (YoY)
-3 units
-2 units
Year Began Franchising
2008
2005
FDD Year
2025
2025