Great Steak vs Millie’s Homemade Ice Cream
Franchise Comparison 2026
Both Great Steak and Millie’s Homemade Ice Cream are quick-service restaurants franchises. Great Steak requires an investment of $154K – $663K while Millie’s Homemade Ice Cream requires $254K – $557K. In terms of revenue, Great Steak reports higher average unit revenue at $580K. Great Steak has SBA lending data on file with a 28.8% charge-off rate. FranchiseVerdict rates Great Steak C (Average) and Millie’s Homemade Ice Cream A (Top Quintile).
| Metric | Great Steak | Millie’s Homemade Ice Cream |
|---|---|---|
| Verdict Grade | CAverageAverage | ATop QuintileTop Quintile |
| Investment Range | $154K – $663K | $254K – $557K |
| Franchise Fee | $30K | $50K |
| Royalty Rate | the greater of 6% of total weekly Gross Sales or $400 per week | 5.5% |
| Average Revenue (Item 19) | $580K | $380K |
| SBA Charge-Off Rate | 28.8% (75 loans) | Limited data |
| Total Units | 24 | 14 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2010 | 2021 |
| FDD Year | 2024 | 2025 |
Investment Range
$154K – $663K
$254K – $557K
Franchise Fee
$30K
$50K
Royalty Rate
the greater of 6% of total weekly Gross Sales or $400 per week
5.5%
Average Revenue (Item 19)
$580K
$380K
SBA Charge-Off Rate
28.8% (75 loans)
Limited data
Total Units
24
14
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2010
2021
FDD Year
2024
2025