Franchise opportunities compared

    Nathan vs Nautical Bowls

    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

    Nathan

    $41,500 – $2,032,610

    2025 FDD · Item 7

    Nautical Bowls

    $220,200 – $439,850

    2026 FDD · Item 7

    Initial franchise fee · Item 5

    Nathan

    Not available

    Nautical Bowls

    $20,000

    2026 FDD · Item 5 · PDF p. 10

    Royalty · Item 6

    Nathan

    5.5%

    2025 FDD · Item 6 · PDF p. 17

    Nautical Bowls

    6%

    2026 FDD · Item 6 · PDF p. 11

    Before you compare

    • Nathan figures come from its 2025 FDD and Nautical Bowls figures from its 2026 FDD, so the years differ.
    • Nathan and Nautical Bowls disclose more than one business format, so the investment range spans formats; the full report breaks them out.
    • Only Nautical Bowls has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    Nathan

    $41,500 – $2,032,610
    2025 FDD · Item 7

    Nautical Bowls

    $220,200 – $439,850
    2026 FDD · Item 7
    Standard initial franchise fee (Item 5)

    Nathan

    Not available
    No single standard fee identified

    Nautical Bowls

    $20,000
    2026 FDD · Item 5 · PDF p. 10
    Royalty (Item 6)

    Nathan

    5.5%
    Royalty
    2025 FDD · Item 6 · PDF p. 17

    Nautical Bowls

    6%
    Royalty Fee
    2026 FDD · Item 6 · PDF p. 11
    Brand / advertising fund (Item 6)

    Nathan

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

    Nautical Bowls

    2%
    Brand Development Fund Contribution — 2%
    2026 FDD · Item 6 · PDF p. 11

    System scale & health

    Total outlets (Item 20)

    Nathan

    79
    Outlets at end of 2025
    2025 FDD · Item 20 · PDF p. 34

    Nautical Bowls

    72
    Outlets at end of 2024
    2026 FDD · Item 20 · PDF p. 42
    Net outlet change (Item 20)

    Nathan

    −11
    Calculated: 90 at end of 2023 → 79 at end of 2025

    Nautical Bowls

    +45
    Calculated: 27 at end of 2022 → 72 at end of 2024
    Outlet exits (Item 20)

    Nathan

    Not available
    No complete exit records for a year

    Nautical Bowls

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

    Nathan

    Not available
    Not in reviewed records

    Nautical Bowls

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

    Nathan

    Not available
    Not in reviewed records

    Nautical Bowls

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Nathan

    Not disclosed — no Item 19 financial performance representation

    Nautical Bowls
    Locations counted not stated in the reviewed record — Reporting Outlets open for full 12 months
    $465,281
    other Tier 1 median Net Sales
    2026 FDD · Item 19 · PDF p. 38
    Locations counted not stated in the reviewed record — Reporting Outlets open for full 12 months
    41 outlets
    other Franchisee-owned reporting outlets
    2026 FDD · Item 19 · PDF p. 37
    Locations counted not stated in the reviewed record — Reporting Outlets open for full 12 months
    2 outlets
    other Affiliate-owned reporting outlets
    2026 FDD · Item 19 · PDF p. 37
    +3 more groups in the full report

    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.

    Nathan vs Nautical Bowls: common questions

    Which costs less to open, Nathan or Nautical Bowls?
    Nathan: $41,500 – $2,032,610 (2025 FDD · Item 7); Nautical Bowls: $220,200 – $439,850 (2026 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 Nathan and Nautical Bowls royalties compare?
    Nathan: 5.5% (2025 FDD · Item 6 · PDF p. 17); Nautical Bowls: 6% (2026 FDD · Item 6 · PDF p. 11). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, Nathan or Nautical Bowls?
    Nathan: 79 (2025 FDD · Item 20 · PDF p. 34); Nautical Bowls: 72 (2026 FDD · Item 20 · PDF p. 42). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Nathan and Nautical Bowls disclose financial performance (Item 19)?
    Nathan makes no Item 19 financial performance representation; Nautical Bowls has reviewed Item 19 figures for 6 location groups. 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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