Is Nan Xiang Xiao Long Bao or Anchor Bar cheaper to open?

Nan Xiang Xiao Long Bao costs $1,180,000–$1,894,000 and Anchor Bar costs $1,202,000–$1,854,000 to open (FDD Item 7). Nan Xiang Xiao Long Bao has the lower entry cost.

Which is the better franchise, Nan Xiang Xiao Long Bao or Anchor Bar?

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

Nan Xiang Xiao Long Bao vs Anchor Bar

Franchise Comparison 2026

Both Nan Xiang Xiao Long Bao and Anchor Bar are full-service restaurants franchises. Nan Xiang Xiao Long Bao requires an investment of $1.2M – $1.9M while Anchor Bar requires $1.2M – $1.9M. Anchor Bar discloses average revenue of $2.4M; Nan Xiang Xiao Long Bao makes no financial performance representation in its Item 19, which is voluntary under the FTC Franchise Rule. FranchiseVerdict rates Nan Xiang Xiao Long Bao B (Above average) and Anchor Bar A (Strongest tier).

Metric	Nan Xiang Xiao Long Bao	Anchor Bar
Verdict Grade	BAbove average	AStrongest tier
Investment Range	$1.2M – $1.9M	$1.2M – $1.9M
Franchise Fee	$60K	$60K
Royalty Rate	5.0%	5.0%
Average Revenue (Item 19)	N/ANo Item 19 representation	$2.4M
SBA Charge-Off Rate	N/A	Limited data
Total Units	10	17
Unit Growth (YoY)	+0 units	+0 units
Year Began Franchising	2026	2011
FDD Year	2026	2026