Franopolis
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    Franchise opportunities compared

    Newks Eatery 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.

    Newks Eatery2026 FDDNoble Romans2026 FDD

    Initial investment · Item 7

    Newks Eatery

    $927,500 – $1,323,350

    2026 FDD · Item 7 · PDF p. 23

    Noble Romans

    $27,150 – $50,150

    2026 FDD · Item 7 · PDF p. 11

    Initial franchise fee · Item 5

    Newks Eatery

    $20,000

    2026 FDD · Item 5 · PDF p. 15

    Noble Romans

    $2,750

    2026 FDD · Item 5 · PDF p. 9

    Royalty · Item 6

    Newks Eatery

    Not available

    Noble Romans

    $175

    2026 FDD · Item 6 · PDF p. 10

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Only Newks Eatery has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    Newks Eatery

    $927,500 – $1,323,350
    Newk’s restaurant — Total Estimated Initial Investment: $927,500 to $1,323,350
    2026 FDD · Item 7 · PDF p. 23

    Noble Romans

    $27,150 – $50,150
    Total Initial Investment — $27150
    2026 FDD · Item 7 · PDF p. 11
    Standard initial franchise fee (Item 5)

    Newks Eatery

    $20,000
    2026 FDD · Item 5 · PDF p. 15

    Noble Romans

    $2,750
    2026 FDD · Item 5 · PDF p. 9
    Royalty (Item 6)

    Newks Eatery

    Not available
    No reviewed royalty record

    Noble Romans

    $175
    Royalty Fee — $175
    2026 FDD · Item 6 · PDF p. 10
    Brand / advertising fund (Item 6)

    Newks Eatery

    Not available
    No reviewed brand or advertising fund fee

    Noble Romans

    $2,000
    Marketing package low end
    2026 FDD · Item 6 · PDF p. 9

    System scale & health

    Total outlets (Item 20)

    Newks Eatery

    97
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 68

    Noble Romans

    461
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 23
    Net outlet change (Item 20)

    Newks Eatery

    +0
    Calculated: 97 at end of 2023 → 97 at end of 2025

    Noble Romans

    −2,411
    Calculated: 2,872 at end of 2023 → 461 at end of 2025
    Outlet exits (Item 20)

    Newks Eatery

    Not available
    No complete exit records for a year

    Noble Romans

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

    Newks Eatery

    Not available
    Not in reviewed records

    Noble Romans

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

    Newks Eatery

    Not available
    Not in reviewed records

    Noble Romans

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Newks Eatery
    Locations counted not stated in the reviewed record — 27 company-owned Covered Restaurants; Mid-Level 33%
    $633,478
    other Table 2 Mid-Level 33%
    2026 FDD · Item 19 · PDF p. 63
    Locations counted not stated in the reviewed record — 27 Covered Restaurants; Lower 33%
    $1,597,628
    other Table 1 Lower 33%
    2026 FDD · Item 19 · PDF p. 63
    Locations counted not stated in the reviewed record — 61 Covered Restaurants; Upper 33%
    $3,388,089
    other Table 3 Upper 33%
    2026 FDD · Item 19 · PDF p. 66
    +25 more groups in the full report
    Noble Romans

    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.

    Newks Eatery vs Noble Romans: common questions

    Which costs less to open, Newks Eatery or Noble Romans?
    Newks Eatery: $927,500 – $1,323,350 (2026 FDD · Item 7 · PDF p. 23); Noble Romans: $27,150 – $50,150 (2026 FDD · Item 7 · PDF p. 11). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Noble Romans. Estimates are not quotes, and the FDD years may differ.
    Which has more locations, Newks Eatery or Noble Romans?
    Newks Eatery: 97 (2026 FDD · Item 20 · PDF p. 68); Noble Romans: 461 (2026 FDD · Item 20 · PDF p. 23). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Newks Eatery and Noble Romans disclose financial performance (Item 19)?
    Newks Eatery has reviewed Item 19 figures for 28 location groups; Noble Romans 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

    Keep researching

    Full Newks Eatery report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full Noble Romans report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

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    FDD glossary

    Plain-language meaning of each Item