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| Brand | CHOPT CREATIVE SALAD COMPANY® Full-Service Restaurants Remove | Newk's Eatery Full-Service Restaurants Remove |
|---|---|---|
| Vitals | ||
Investment range | $870K – $1.6M | $1.0M – $1.4M |
Liquid capital | $10K – $30K | $33K – $40K |
Franchise fee | $40K | $40K |
Royalty rate | 5.0% | 5.0% |
Ad fund rate | 2.0% | 1.8% |
| Performance | ||
Avg gross sales | $2.0M | $2.2M |
Median gross sales | $1.8M | $2.1M |
Avg owner earnings Metric varies by brand. Check type below | N/A | $348K |
Earnings metric | Not classified | EBITDA |
| Risk | ||
Rating | ATop Quintile | FBottom Quintile |
Risk score | 21 / 100 | 90 / 100 |
SBA charge-off rate | N/A | 28.6% |
SBA loans on record | 23 | 7 |
| Scale | ||
Total units | 94 | 95 |
Net change (latest yr) | N/A | N/A |
Turnover rate | 0.0% | 3.2% |
| Contract | ||
Initial term (years) | 10 | 10 |
Renewal term (years) | 10 | 5 |
Initial training (hrs) | 280 | 325 |
| Contacts | ||
Franchisee phones | 7 | 66 |
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