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Brand	ATop Quintile Steak n Shake By Biglari Full-Service Restaurants Remove	CAverage Nan Xiang Xiao Long Bao Full-Service Restaurants Remove
Vitals
Investment range	$316K – $2.7M	$1.2M – $1.9M
Liquid capital	$15K – $20K	$50K – $80K
Franchise fee	$25K	$60K
Royalty rate	4.0%	N/A
Ad fund rate	1.0%	1.0%
Performance
Avg gross sales	$1.8M	N/A
Median gross sales	$1.7M	N/A
Avg owner earnings Metric varies by brand. Check type below	$386K	N/A
Earnings metric	Net Income	Not classified
Risk
Rating	ATop Quintile	CAverage
Risk score	5 / 100	65 / 100
SBA charge-off rate	0.0%	N/A
SBA loans on record	12	N/A
Scale
Total units	406	10
Net change (latest yr)	N/A	N/A
Turnover rate	9.6%	0.0%
Contract
Initial term (years)	10	10
Renewal term (years)	5	5
Initial training (hrs)	250	432
Contacts
Franchisee phones	92	10