Ululani’s Hawaiian Shave Ice vs Arwa Coffee
Franchise Comparison 2026
Both Ululani’s Hawaiian Shave Ice and Arwa Coffee are quick-service restaurants franchises. Ululani’s Hawaiian Shave Ice requires an investment of $286K – $566K while Arwa Coffee requires $237K – $615K. Ululani’s Hawaiian Shave Ice discloses average revenue of $455K; no Item 19 revenue figure is on file for Arwa Coffee. FranchiseVerdict rates Ululani’s Hawaiian Shave Ice B (Above average) and Arwa Coffee B (Above average).
| Metric | Ululani’s Hawaiian Shave Ice | Arwa Coffee |
|---|---|---|
| Verdict Grade | BAbove average | BAbove average |
| Investment Range | $286K – $566K | $237K – $615K |
| Franchise Fee | $48K | $40K |
| Royalty Rate | 5.0% | 4.0% |
| Average Revenue (Item 19) | $455K | N/ACompany-owned only · n=2 |
| SBA Charge-Off Rate | N/A | Limited data |
| Total Units | 11 | 9 |
| Unit Growth (YoY) | +2 units | +5 units |
| Year Began Franchising | 2016 | 2024 |
| FDD Year | 2025 | 2026 |
Investment Range
$286K – $566K
$237K – $615K
Franchise Fee
$48K
$40K
Royalty Rate
5.0%
4.0%
Average Revenue (Item 19)
$455K
N/ACompany-owned only · n=2
SBA Charge-Off Rate
N/A
Limited data
Total Units
11
9
Unit Growth (YoY)
+2 units
+5 units
Year Began Franchising
2016
2024
FDD Year
2025
2026