Franchise opportunities compared

    Nan Xiang Express vs Nathan

    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.

    Initial investment · Item 7

    Nan Xiang Express

    $488,000 – $925,500

    2026 FDD · Item 7 · PDF p. 16

    Nathan

    $41,500 – $2,032,610

    2025 FDD · Item 7

    Initial franchise fee · Item 5

    Nan Xiang Express

    $60,000

    2026 FDD · Item 5 · PDF p. 10

    Nathan

    Not available

    Royalty · Item 6

    Nan Xiang Express

    5%

    2026 FDD · Item 6 · PDF p. 11

    Nathan

    5.5%

    2025 FDD · Item 6 · PDF p. 17

    Before you compare

    • Nan Xiang Express figures come from its 2026 FDD and Nathan figures from its 2025 FDD, so the years differ.
    • Nathan discloses more than one business format, so the investment range spans formats; the full report breaks them out.
    • Only neither brand has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    Nan Xiang Express

    $488,000 – $925,500
    Total Estimated Initial Investment (range)
    2026 FDD · Item 7 · PDF p. 16

    Nathan

    $41,500 – $2,032,610
    2025 FDD · Item 7
    Standard initial franchise fee (Item 5)

    Nan Xiang Express

    $60,000
    2026 FDD · Item 5 · PDF p. 10

    Nathan

    Not available
    No single standard fee identified
    Royalty (Item 6)

    Nan Xiang Express

    5%
    Royalty
    2026 FDD · Item 6 · PDF p. 11

    Nathan

    5.5%
    Royalty
    2025 FDD · Item 6 · PDF p. 17
    Brand / advertising fund (Item 6)

    Nan Xiang Express

    $1,500
    Brand Fund Contribution — first month
    2026 FDD · Item 6 · PDF p. 11

    Nathan

    2.5%
    Marketing Development Fund — 2.5%
    2025 FDD · Item 6 · PDF p. 17

    System scale & health

    Total outlets (Item 20)

    Nan Xiang Express

    10
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 39

    Nathan

    79
    Outlets at end of 2025
    2025 FDD · Item 20 · PDF p. 34
    Net outlet change (Item 20)

    Nan Xiang Express

    +6
    Calculated: 4 at end of 2023 → 10 at end of 2025

    Nathan

    −11
    Calculated: 90 at end of 2023 → 79 at end of 2025
    Outlet exits (Item 20)

    Nan Xiang Express

    Not available
    No complete exit records for a year

    Nathan

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    Nan Xiang Express

    Not available
    Not in reviewed records

    Nathan

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    Nan Xiang Express

    Not available
    Not in reviewed records

    Nathan

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Nan Xiang Express

    Not disclosed — no Item 19 financial performance representation

    Nathan

    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.

    Nan Xiang Express vs Nathan: common questions

    Which costs less to open, Nan Xiang Express or Nathan?
    Nan Xiang Express: $488,000 – $925,500 (2026 FDD · Item 7 · PDF p. 16); Nathan: $41,500 – $2,032,610 (2025 FDD · Item 7). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Nathan. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    How do Nan Xiang Express and Nathan royalties compare?
    Nan Xiang Express: 5% (2026 FDD · Item 6 · PDF p. 11); Nathan: 5.5% (2025 FDD · Item 6 · PDF p. 17). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, Nan Xiang Express or Nathan?
    Nan Xiang Express: 10 (2026 FDD · Item 20 · PDF p. 39); Nathan: 79 (2025 FDD · Item 20 · PDF p. 34). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Nan Xiang Express and Nathan disclose financial performance (Item 19)?
    Nan Xiang Express makes no Item 19 financial performance representation; Nathan makes no Item 19 financial performance representation. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

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