SIZZLER® vs The Brass Tap
Compare franchise fees, investment range, royalties, SBA lending performance, unit growth, and Item 19 transparency with a permanent shareable URL.
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SIZZLER®
Casual Dining
Investment
$1.3M to $2.6M
Franchise fee
$35,000
Item 19 status
Revenue Only
Units
116
The Brass Tap
Casual Dining
Investment
$793K to $1.3M
Franchise fee
$25,000
Item 19 status
Revenue Only
Units
6
Lower entry cost
Leans right
Based on minimum initial investment.
Better disclosed economics
Even
Uses Item 19 availability and transparency status.
Lower SBA default risk
Leans right
Treat low-loan brands carefully, sample size matters.
| Metric | SIZZLER® | The Brass Tap |
|---|---|---|
Franchise Fee | $35,000 | $25,000 |
Min Investment | $1.3M | $793K |
Max Investment | $2.6M | $1.3M |
Royalty Rate | 4.0% | 5.0% |
Ad Fund Rate | 0.5% | 2.0% |
Total Ongoing Burden Royalty plus ad fund when available. | 4.5% | 7.0% |
Median Revenue (Item 19) | $1.9M | $1.3M |
Cash-on-Cash Return Estimated when revenue and margin assumptions are available. | 5.4% | 3.8% |
Payback Period | 18.4 yrs | 26.2 yrs |
Revenue per Dollar Invested | 0.99x | 1.27x |
Franchised Units | 116 | 6 |
1-Year Net Unit Change | -4 | 7 |
Net Unit Growth Rate | -3.4% | 116.7% |
Net Closure Rate Net closure proxy based on disclosed unit change. | 3.3% | N/A |
SBA Default Rate | 20.0% | 4.8% |
SBA Loan Count Use this to judge whether SBA default data is statistically meaningful. | 5 | 67 |
Average SBA Loan Size | $626K | $840K |
Item 19 Status | Revenue Only | Revenue Only |
Has Item 19 | ✓ Yes | ✓ Yes |
Data Quality Score | 98 | 100 |
What stands out
- • SIZZLER® opens at $1.3M to $2.6M, while The Brass Tap ranges from $793K to $1.3M.
- • SIZZLER® shows an Item 19 disclosure; The Brass Tap shows an Item 19 disclosure.
- • SIZZLER® has 116 franchised units versus 6 for The Brass Tap.
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Last updated: April 2026