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