Panda Express vs BURGER KING
Franchise Comparison 2026
Both Panda Express and BURGER KING are quick-service restaurants franchises. Panda Express requires an investment of $515K – $3.3M while BURGER KING requires $348K – $3.3M. In terms of revenue, Panda Express reports higher average unit revenue at $1.6M. BURGER KING has SBA lending data on file with a 7.3% charge-off rate. FranchiseVerdict rates Panda Express A (Top Quintile) and BURGER KING A (Top Quintile).
| Metric | Panda Express | BURGER KING |
|---|---|---|
| Verdict Grade | ATop QuintileTop Quintile | ATop QuintileTop Quintile |
| Investment Range | $515K – $3.3M | $348K – $3.3M |
| Franchise Fee | $25K | $50K |
| Royalty Rate | Greater of 8% of Gross Volume or $4,000 per 4-week period | See Item 6 for specific rates based on program and year |
| Average Revenue (Item 19) | $1.6M | $1.4M |
| SBA Charge-Off Rate | Limited data | 7.3% (275 loans) |
| Total Units | 2,502 | 19,900 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2004 | 1954 |
| FDD Year | 2025 | 2026 |
Investment Range
$515K – $3.3M
$348K – $3.3M
Franchise Fee
$25K
$50K
Royalty Rate
Greater of 8% of Gross Volume or $4,000 per 4-week period
See Item 6 for specific rates based on program and year
Average Revenue (Item 19)
$1.6M
$1.4M
SBA Charge-Off Rate
Limited data
7.3% (275 loans)
Total Units
2,502
19,900
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2004
1954
FDD Year
2025
2026