Question 1

Is Narwhal’s Crafted or Giordano’s® Restaurants cheaper to open?

Accepted Answer

Narwhal’s Crafted costs $884,000–$1,856,500 and Giordano’s® Restaurants costs $609,000–$2,056,000 to open (FDD Item 7). Giordano’s® Restaurants has the lower entry cost.

Question 2

Which earns more, Narwhal’s Crafted or Giordano’s® Restaurants?

Accepted Answer

Narwhal’s Crafted reports $1,967,637 average annual unit revenue vs $1,846,407 for Giordano’s® Restaurants (FDD Item 19). Narwhal’s Crafted is higher. For Narwhal’s Crafted: Company-owned outlets only - not franchisee performance; Based on only 2 outlets. For Giordano’s® Restaurants: Item 19 of this FDD reports outlet performance by restaurant format and location, and separately for franchised and company-owned restaurants, and states no single system-wide average. The figure shown here is not one the filing publishes; the cohorts it does disclose are listed with it.; Reported for a subset of outlets rather than the whole system.

Question 3

Which is the better franchise, Narwhal’s Crafted or Giordano’s® Restaurants?

Accepted Answer

FranchiseVerdict grades Narwhal’s Crafted D and Giordano’s® Restaurants B, from FDD Items 5–7, 19–21 and SBA loan performance. See the full side-by-side above.

Metric	Narwhal’s Crafted	Giordano’s® Restaurants
Verdict Grade	DBelow averageBelow average	BAbove averageAbove average
Investment Range	$884K – $1.9M	$609K – $2.1M
Franchise Fee	$35K	$40K
Royalty Rate	8.0%	6.0%
Average Revenue (Item 19)	$2.0MCompany-owned only · n=2	$1.8MCohort-only Item 19 · Outlet subset
SBA Charge-Off Rate	Limited data	Limited data
Total Units	3	60
Unit Growth (YoY)	+0 units	-1 units
Year Began Franchising	2021	1980
FDD Year	2025	2025

Narwhal’s Crafted vs Giordano’s® Restaurants