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3 brands side-by-side
Compare up to 5 brands side by side
indicates the clear winner per row. Ties and missing data are not highlighted.
How winners are chosen
Lower is better for investment, liquid capital, franchise fee, royalty and ad-fund rates, SBA charge-off rate, and owner turnover.
Higher is better for disclosed revenue and owner earnings, verdict score, total units, net unit growth, and franchisee contacts. For the letter grade, A ranks highest.
A row is highlighted only when one brand clearly leads. Ties are never highlighted, and missing data never counts as a win. Some rows (earnings-metric type, loan counts, contract terms) are informational and have no winner.
These brands report different earnings metrics (Restaurant EBITDA (7) $142,343 / 10.9%, Gross Sales). Financial figures may not be directly comparable.
These figures come from FDDs of different years (2022, 2025). Costs, fees and unit counts change from one filing to the next, so the older column may be out of date.
Focus by buyer type
| Brand |  DBelow averageSTALK & SPADE Quick-Service Restaurants 2022 FDD Remove |  BAbove averageNoodles & Company Quick-Service Restaurants 2025 FDD Remove |  CAverageLiberty Bagels Quick-Service Restaurants 2025 FDD Remove |
|---|---|---|---|
| Vitals | |||
FDD filing | FDD issued Apr 30, 2022 | FDD issued Apr 24, 2025 | FDD issued Mar 20, 2025 |
Investment range | $767K – $1.3M | $669K – $1.4M | $804K – $1.3M |
Liquid capital | $50K – $75K | $0 – $56K | $255K – $325K |
Franchise fee | $65K | $35K | $40K |
Royalty rate | 7.0% | 5.0% | 5.0% |
Ad fund rate | 2.0% | 0.0% | 1.0% |
| Performance | |||
Avg gross sales | No Item 19 representation | $1.3MNet sales | Partial, no system averageOutlets $1.3M-$5.9M |
Median gross sales | Not disclosed | $1.2M | Not extracted |
Avg owner earnings Metric varies by brand. Check type below | Not disclosed | $142K | Not extracted |
Earnings metric | Not classified | Restaurant EBITDA (7) $142,343 / 10.9% | Gross Sales |
| Risk | |||
Rating | DBelow average | BAbove average | CAverage |
Verdict score | 35 / 100 | 63 / 100 | 43 / 100 |
SBA charge-off rate | Not SBA-matched | Under 10 loans (6) | Not SBA-matched |
SBA loans on record | N/A | 6 | N/A |
| Scale | |||
Total units | 1 | 463 | 4 |
Net change (latest yr) | 0 | +2 | 0 |
Signed, not yet open | Not extracted | 1 (0.00 per open outlet) | 0 (0.00 per open outlet) |
Turnover rate | 0.0% | 7.6% | 0.0% |
| Contract | |||
Initial term (years) | 10 | 20 | 10 |
Renewal term (years) | 10 | 10 | 10 |
Initial training (hrs) | 108 | 519 | 80 |
| Contacts | |||
Franchisee phones | 3 | 6 | 1 |
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