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    Franchise opportunities compared

    OTH Franchising LLC vs Panda Express

    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.

    OTH Franchising LLC2026 FDDPanda Express2026 FDD

    Initial investment · Item 7

    OTH Franchising LLC

    $359,360 – $700,600

    2026 FDD · Item 7

    Panda Express

    $514,500 – $3,275,500

    2026 FDD · Item 7 · PDF p. 29

    Initial franchise fee · Item 5

    OTH Franchising LLC

    $35,000

    2026 FDD · Item 5 · PDF p. 8

    Panda Express

    $25,000

    2026 FDD · Item 5 · PDF p. 21

    Royalty · Item 6

    OTH Franchising LLC

    7%

    2026 FDD · Item 6 · PDF p. 9

    Panda Express

    8%

    2026 FDD · Item 6 · PDF p. 22

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • OTH Franchising LLC discloses more than one business format, so the investment range spans formats; the full report breaks them out.
    • Item 19 figures cover the location groups each FDD names (OTH Franchising LLC: 3, Panda Express: 7). Different groups are not directly comparable.

    Financial commitment

    Estimated initial investment (Item 7)

    OTH Franchising LLC

    $359,360 – $700,600
    2026 FDD · Item 7

    Panda Express

    $514,500 – $3,275,500
    TOTAL estimated initial investment: $514,500 - $3,275,500
    2026 FDD · Item 7 · PDF p. 29
    Standard initial franchise fee (Item 5)

    OTH Franchising LLC

    $35,000
    2026 FDD · Item 5 · PDF p. 8

    Panda Express

    $25,000
    2026 FDD · Item 5 · PDF p. 21
    Royalty (Item 6)

    OTH Franchising LLC

    7%
    Royalty Fee rate
    2026 FDD · Item 6 · PDF p. 9

    Panda Express

    8%
    FEES. F EE 1 A MOUNT W HEN P AYABLE R EMARKS Royalty Each Royalty Period you pay us — 8%
    2026 FDD · Item 6 · PDF p. 22
    Brand / advertising fund (Item 6)

    OTH Franchising LLC

    1%
    Brand Fund rate — 1%
    2026 FDD · Item 6 · PDF p. 9

    Panda Express

    Not available
    No reviewed brand or advertising fund fee

    System scale & health

    Total outlets (Item 20)

    OTH Franchising LLC

    10
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 38

    Panda Express

    2,502
    Outlets at end of 2024
    2025 FDD · Item 20 · PDF p. 81
    Net outlet change (Item 20)

    OTH Franchising LLC

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

    Panda Express

    +150
    Calculated: 2,352 at end of 2022 → 2,502 at end of 2024
    Outlet exits (Item 20)

    OTH Franchising LLC

    Not available
    No complete exit records for a year

    Panda Express

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

    OTH Franchising LLC

    Not available
    Not in reviewed records

    Panda Express

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

    OTH Franchising LLC

    Not available
    Not in reviewed records

    Panda Express

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    OTH Franchising LLC
    Locations counted not stated in the reviewed record — Affiliate-owned outlet
    $44,800
    other Imputed Brand Fund Contribution
    2026 FDD · Item 19 · PDF p. 35
    Locations counted not stated in the reviewed record
    5 outlets
    other Affiliate-owned outlets at fiscal year end
    2026 FDD · Item 19 · PDF p. 35
    Locations counted not stated in the reviewed record
    5 outlets
    other Franchised outlets at fiscal year end
    2026 FDD · Item 19 · PDF p. 35
    Panda Express
    Locations counted not stated in the reviewed record — Totalcaptivevenues
    $286,558,411
    other Total Total Gross Sales
    2026 FDD · Item 19 · PDF p. 82
    Locations counted not stated in the reviewed record — Casinocaptivevenues
    $3,018,116
    other Casino Maximum Gross Sales
    2026 FDD · Item 19 · PDF p. 82
    Locations counted not stated in the reviewed record — Hospitalcaptivevenues
    $624,396
    other Hospital Average Gross Sales
    2026 FDD · Item 19 · PDF p. 82
    +4 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.

    OTH Franchising LLC vs Panda Express: common questions

    Which costs less to open, OTH Franchising LLC or Panda Express?
    OTH Franchising LLC: $359,360 – $700,600 (2026 FDD · Item 7); Panda Express: $514,500 – $3,275,500 (2026 FDD · Item 7 · PDF p. 29). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for OTH Franchising LLC. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    How do OTH Franchising LLC and Panda Express royalties compare?
    OTH Franchising LLC: 7% (2026 FDD · Item 6 · PDF p. 9); Panda Express: 8% (2026 FDD · Item 6 · PDF p. 22). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, OTH Franchising LLC or Panda Express?
    OTH Franchising LLC: 10 (2026 FDD · Item 20 · PDF p. 38); Panda Express: 2,502 (2025 FDD · Item 20 · PDF p. 81). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do OTH Franchising LLC and Panda Express disclose financial performance (Item 19)?
    OTH Franchising LLC has reviewed Item 19 figures for 3 location groups; Panda Express has reviewed Item 19 figures for 7 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

    Keep researching

    Full OTH Franchising LLC report

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

    Full Panda Express report

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

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