Is Shakey’s Pizza Parlor or Ivan Ramen cheaper to open?

Shakey’s Pizza Parlor costs $624,000–$2,204,500 and Ivan Ramen costs $1,024,500–$1,982,100 to open (FDD Item 7). Shakey’s Pizza Parlor has the lower entry cost.

Which is the better franchise, Shakey’s Pizza Parlor or Ivan Ramen?

FranchiseVerdict grades Shakey’s Pizza Parlor B and Ivan Ramen B, from FDD Items 5–7, 19–21 and SBA loan performance. See the full side-by-side above.

Shakey’s Pizza Parlor vs Ivan Ramen

Franchise Comparison 2026

Both Shakey’s Pizza Parlor and Ivan Ramen are full-service restaurants franchises. Shakey’s Pizza Parlor requires an investment of $624K – $2.2M while Ivan Ramen requires $1.0M – $2.0M. Neither Shakey’s Pizza Parlor nor Ivan Ramen makes a financial performance representation in Item 19 of its FDD — a voluntary item under the FTC Franchise Rule — so the two cannot be compared on disclosed unit revenue. FranchiseVerdict rates Shakey’s Pizza Parlor B (Above average) and Ivan Ramen B (Above average).

Metric	Shakey’s Pizza Parlor	Ivan Ramen
Verdict Grade	BAbove average	BAbove average
Investment Range	$624K – $2.2M	$1.0M – $2.0M
Franchise Fee	$35K	$35K
Royalty Rate	5.0%	5.0%
Average Revenue (Item 19)	N/ANo Item 19 representation	N/ANo Item 19 representation
SBA Charge-Off Rate	N/A	N/A
Total Units	48	2
Unit Growth (YoY)	-1 units	+1 units
Year Began Franchising	2004	2021
FDD Year	2023	2026