Franchise opportunities compared
Anchor Bar vs Noble Romans
Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.
Before you compare
- Both sets of figures come from 2026 FDDs.
- Anchor Bar discloses more than one business format, so the investment range spans formats; the full report breaks them out.
- Only Anchor Bar has reviewed Item 19 figures here.
| Disclosure |  Anchor Bar |  Noble Romans |
|---|---|---|
| Financial commitment | ||
| Estimated initial investment (Item 7) | $1,202,000 – $3,024,000 2026 FDD · Item 7 | $27,150 – $50,150 Total Initial Investment — $27150 2026 FDD · Item 7 · PDF p. 11 |
| Standard initial franchise fee (Item 5) | $60,000 2026 FDD · Item 5 · PDF p. 17 | $2,750 2026 FDD · Item 5 · PDF p. 9 |
| Royalty (Item 6) | 5% Royalty percentage of gross revenues 2026 FDD · Item 6 · PDF p. 17 | $175 Royalty Fee — $175 2026 FDD · Item 6 · PDF p. 10 |
| Brand / advertising fund (Item 6) | 3% Advertising fund maximum percentage of gross revenues — 3% 2026 FDD · Item 6 · PDF p. 17 | $2,000 Marketing package low end 2026 FDD · Item 6 · PDF p. 9 |
| System scale & health | ||
| Total outlets (Item 20) | 16 Outlets at end of 2025 2026 FDD · Item 20 · PDF p. 54 | 461 Outlets at end of 2025 2026 FDD · Item 20 · PDF p. 23 |
| Net outlet change (Item 20) | +4 Calculated: 12 at end of 2023 → 16 at end of 2025 | −2,411 Calculated: 2,872 at end of 2023 → 461 at end of 2025 |
| Outlet exits (Item 20) | Not available No complete exit records for a year | Not available No complete exit records for a year |
| Franchising since (Item 1) | Not available Not in reviewed records | Not available Not in reviewed records |
| Franchisor founded (Item 1) | Not available Not in reviewed records | Not available Not in reviewed records |
| Performance (Item 19) | ||
| Financial performance (Item 19), by location group | Locations counted not stated in the reviewed record — US franchised restaurants open full applicable year and still operating; locati… $2,501,104 other gross sales · 2026 FDD · Item 19 · PDF p. 51 Locations counted not stated in the reviewed record — US franchised restaurants open full applicable year and still operating; locati… $2,449,992 other gross sales · 2026 FDD · Item 19 · PDF p. 52 Locations counted not stated in the reviewed record — Theme Park (Note 1) $410,420 other Theme Park · 2026 FDD · Item 19 · PDF p. 53 +3 more groups in the full report | Not disclosed — no Item 19 financial performance representation |
Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.