Is JL Beers or Nan Xiang Xiao Long Bao cheaper to open?

JL Beers costs $1,223,000–$1,883,000 and Nan Xiang Xiao Long Bao costs $1,180,000–$1,894,000 to open (FDD Item 7). Nan Xiang Xiao Long Bao has the lower entry cost.

Which is the better franchise, JL Beers or Nan Xiang Xiao Long Bao?

FranchiseVerdict grades JL Beers B and Nan Xiang Xiao Long Bao B, from FDD Items 5–7, 19–21 and SBA loan performance. See the full side-by-side above.

JL Beers vs Nan Xiang Xiao Long Bao

Franchise Comparison 2026

Both JL Beers and Nan Xiang Xiao Long Bao are full-service restaurants franchises. JL Beers requires an investment of $1.2M – $1.9M while Nan Xiang Xiao Long Bao requires $1.2M – $1.9M. JL Beers discloses average revenue of $1.4M; Nan Xiang Xiao Long Bao makes no financial performance representation in its Item 19, which is voluntary under the FTC Franchise Rule. Note: Includes company-owned outlets; Reported as net sales, not gross sales. FranchiseVerdict rates JL Beers B (Above average) and Nan Xiang Xiao Long Bao B (Above average).

Metric	JL Beers	Nan Xiang Xiao Long Bao
Verdict Grade	BAbove average	BAbove average
Investment Range	$1.2M – $1.9M	$1.2M – $1.9M
Franchise Fee	$50K	$60K
Royalty Rate	4.0%	5.0%
Average Revenue (Item 19)	$1.4MIncl. company outlets	N/ANo Item 19 representation
SBA Charge-Off Rate	N/A	N/A
Total Units	10	10
Unit Growth (YoY)	+0 units	+0 units
Year Began Franchising	2013	2026
FDD Year	2025	2026