Nautical Bowls vs PrimoHoagies
Nautical Bowls vs PrimoHoagies: Nautical Bowls costs $222K to $409K to open; PrimoHoagies costs $382K to $668K. Nautical Bowls has 49 units, PrimoHoagies has 49. SBA loan history: Nautical Bowls = 77 loans (2.6% default); PrimoHoagies = 67 loans (7.5% default). The franchise with more SBA funded units, a lower SBA default rate, and a lower royalty load is the safer financing bet; see the comparison below.
Nautical Bowls vs PrimoHoagies: Capital, Scale & Lending Analysis
Analysis based on FDD filings and SBA 7(a) loan level data. Each pairing reflects a unique combination of capital intensity, system scale, and financing path.
Capital Intensity
Nautical Bowls requires the lower minimum capital commitment ($222K vs $382K for PrimoHoagies), a 42% spread. Initial franchise fees come in at $40K for Nautical Bowls versus $20K for PrimoHoagies, PrimoHoagies has the lower entry fee. Ongoing royalty load is 6% for Nautical Bowls and 8% for PrimoHoagies, giving Nautical Bowls the lighter per-unit drag on operating income.
System Scale & Tenure
On scale, PrimoHoagies operates 49 units to Nautical Bowls's 49. PrimoHoagies has been operating 34 years (founded 1992) versus 9 for Nautical Bowls (founded 2017), a 25-year tenure gap that affects unit-economics maturity and FDD revision history.
SBA Lending Profile
Nautical Bowls has the deeper SBA lending track record, with 77 7(a) approvals compared with 67 for PrimoHoagies.
Risk Signal
SBA default rates are 2.6% for Nautical Bowls and 7.5% for PrimoHoagies, Nautical Bowls has the cleaner SBA loss record by 4.9 points. PeerSense FPI scores come in at 87 (Excellent) for Nautical Bowls and 80 (Excellent) for PrimoHoagies, giving Nautical Bowls the stronger composite signal across SBA performance, lender appetite, and operational consistency.
Health & Performance
FPI Score | 87/100 | 80/100 |
Health Tier | Excellent | Excellent |
Confidence | N/A | N/A |
Lending Trend | Growing | Growing |
SBA Lending
SBA Loans | 77 | 67 |
SBA Volume | – | – |
Default Rate | 2.6% | 7.5% |
Peer Tier | established | established |
Investment & Costs
Total Investment | $222K to $409K | $382K to $668K |
Franchise Fee | $40K | $20K |
Royalty Rate | 6% | 8% |
Ad Fund | 4% | 1% |
Liquid Capital | $200 | $150K |
Net Worth Required | $250K | $500K |
Financial Performance (Item 19)
Item 19 Status | Disclosed | Disclosed |
System Size & Operations
Total Units | 49 | 49 |
Franchised Units | 49 | 49 |
Company Owned | – | – |
Term Length | 10 yrs | 10 yrs |
Brand Information
Year Founded | 2017 | 1992 |
Franchising Since | 2018 | 2006 |
Years Franchising | 8 yrs | 20 yrs |
Headquarters | Scottsdale, AZ | Westville, NJ |
Category | Quick Service Restaurants | Quick Service Restaurants |
Website | ||
FDD Year | 2026 | 2025 |
Which Is Better, Nautical Bowls or PrimoHoagies?
Lower upfront capital required
Nautical Bowls
Nautical Bowls: $222K starting · PrimoHoagies: $382K starting
More SBA lender confidence
Nautical Bowls
Nautical Bowls: 77 SBA loans · PrimoHoagies: 67 SBA loans
Lower SBA default rate
Nautical Bowls
Nautical Bowls: 2.6% · PrimoHoagies: 7.5%
Larger system & brand presence
Tie
Nautical Bowls: 49 units · PrimoHoagies: 49 units
Lower ongoing royalty load
Nautical Bowls
Nautical Bowls: 6% · PrimoHoagies: 8%
More lender financing options
PrimoHoagies
Nautical Bowls: 26 unique lenders · PrimoHoagies: 33 unique lenders
Decision matrix uses publicly disclosed FDD and SBA loan data. Not a recommendation. Your best franchise depends on capital, market, operating capacity, and risk tolerance.
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Nautical Bowls vs PrimoHoagies: Franchise Funding Comparison
Comparing Nautical Bowls and PrimoHoagies is about more than brand preference. It's about which franchise fits your financial profile and funding strategy. Investment ranges from $222K to $668K.
Nautical Bowls has 77 SBA loans on record and PrimoHoagies has 67. Those totals are cumulative history rather than a measure of current appetite. Both brands have an established underwriting path, though the lender that fits a specific deal still depends on its size, location and the buyer.
SBA 7(a) loans are the most common franchise funding vehicle, offering up to $5M with as little as 10% down. PeerSense connects franchise buyers with the specific lenders who have approved loans for these brands, not generic referrals, but lenders with actual franchise lending track records.
Data sourced from SBA loan records, Franchise Disclosure Documents, and public filings. Updated regularly. Not financial advice, consult with a lending professional before making investment decisions.
Nautical Bowls vs PrimoHoagies, Frequently Asked Questions
Which is a better franchise investment, Nautical Bowls or PrimoHoagies?
How much does a Nautical Bowls franchise cost compared to PrimoHoagies?
Can I finance Nautical Bowls or PrimoHoagies with an SBA loan?
Which has a lower SBA default rate, Nautical Bowls or PrimoHoagies?
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Page Review
Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman