First Watch vs Tapville Social
Franchise Comparison 2026
Both First Watch and Tapville Social are full-service restaurants franchises. First Watch requires an investment of $1.2M – $2.0M while Tapville Social requires $751K – $2.5M. First Watch has SBA lending data on file with a 0.0% charge-off rate. FranchiseVerdict rates First Watch A (Strongest tier) and Tapville Social B (Above average).
| Metric | First Watch | Tapville Social |
|---|---|---|
| Verdict Grade | AStrongest tierStrongest tier | BAbove averageAbove average |
| Investment Range | $1.2M – $2.0M | $751K – $2.5M |
| Franchise Fee | $30K | $20K |
| Royalty Rate | 4.0% | 6.0% |
| Average Revenue (Item 19) | N/A | N/A |
| SBA Charge-Off Rate | 0.0% (12 loans) | Limited data |
| Total Units | 474 | 36 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2008 | 2019 |
| FDD Year | 2023 | 2025 |
Investment Range
$1.2M – $2.0M
$751K – $2.5M
Franchise Fee
$30K
$20K
Royalty Rate
4.0%
6.0%
Average Revenue (Item 19)
N/A
N/A
SBA Charge-Off Rate
0.0% (12 loans)
Limited data
Total Units
474
36
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2008
2019
FDD Year
2023
2025