Beggars Pizza Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Beggars Pizza is a Chicago-style pizza franchise serving pizza, pasta, and sandwiches for dine-in, carryout, and delivery. Franchisees run the restaurants, managing food prep, delivery, and staffing.
FranchiseVerdict summary · 2026
A Beggars Pizza franchise requires a total initial investment of $343K – $740K, including a $25K franchise fee and an ongoing 5.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $343K – $740K
- 57th pct Service Resta…
- Avg gross sales
- N/A
- Royalty
- 5.0%
- 11th pct Service Resta…
- Units
- 28
- 55th pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Quick-Service Restaurants avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $343K – $740K including a $25K franchise fee, 5.0% ongoing royalty.
- RETURNSIncome statement reports a single combined line "Net sales - royalties and other revenues" of $1,501,659 (FY2024) and $1,593,982 (FY2023); no separate breakout of royalty vs other revenue is given.
- RISKVerdict A (Strongest tier), verdict score 74/100 (higher is better).
- DATANo Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Beggars Pizza Franchise, LLC
- Parent company
- BPF Holding Corporation
- Predecessor
- Beggars Pizza Franchise Corporation
- Prior franchisor entity
- CEO title
- President
- Laurance H. Garetto
- CEO experience
- 2004 yrs
- Years in role or industry
- Incorporated in
- IL
- HQ
- 12949 South California Avenue, Blue Island, Illinois 60406
- Auditor
- Selden Fox, Ltd.
- Audited financials
- Franchisor revenue
- $1.5M
- vs $1.6M prior year
Overview
About
- CEO
- Laurance H. Garetto
- Headquarters
- IL
- Founded
- 2004
- FDD year
- 2025
- States available
- 2
Can you afford it, and what does the money buy?
Entry cost runs 18% below the typical quick-service restaurants franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown26 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee (<=150 seats)not refundable | $25K | $25K | |
| Travel and Living Expenses During Training (<=150 seats)not refundable | $1K | $5K | |
| Rent or Real Estate (<=150 seats)not refundable | $15K | $22K | |
| Improvements (build-out) (<=150 seats)not refundable | $150K | $350K | |
| Furniture and Fixtures (<=150 seats)not refundable | $5K | $50K | |
| Equipment (<=150 seats)not refundable | $75K | $150K | |
| Insurance (<=150 seats)not refundable | $5K | $15K | |
| Signage (<=150 seats)not refundable | $5K | $25K | |
| Miscellaneous Opening Costs (<=150 seats)not refundable | $2K | $5K | |
| Opening Inventory (<=150 seats)not refundable | $5K | $8K | |
| Grand Opening Advertising (<=150 seats)not refundable | $10K | $10K | |
| Computer Equipment and Software (POS system) (<=150 seats)not refundable | $35K | $50K | |
| Additional Funds (<=150 seats)not refundable | $10K | $25K | |
| Initial Franchise Fee (>150 seats)not refundable | $40K | $40K | |
| Travel and Living Expenses During Training (>150 seats)not refundable | $1K | $5K | |
| Rent or Real Estate (>150 seats)not refundable | $32K | $47K | |
| Improvements (build-out) (>150 seats)not refundable | $250K | $400K | |
| Furniture and Fixtures (>150 seats)not refundable | $75K | $200K | |
| Equipment (>150 seats)not refundable | $125K | $175K | |
| Insurance (>150 seats)not refundable | $14K | $50K | |
| Total initial investment | $972K | $1.8M |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $343K – $740K
- Middle of category vs category
- Liquid capital req'd
- $10K – $40K
- Top 40% of category vs category
- Franchise fee
- $25K – $25K
- Top 40% of category vs category
- Royalty
- 5.0%
- formula · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $175 |
| Transfer fee | $8K |
| Renewal fee | $33 |
| Inventory (initial) | $5K – $8K |
| Total fee load | 6.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Beggars Pizza did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Beggars Pizza unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
21%
Below the 30–60% attractive-franchise band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
Income statement reports a single combined line "Net sales - royalties and other revenues" of $1,501,659 (FY2024) and $1,593,982 (FY2023); no separate breakout of royalty vs other revenue is given.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 6.0% — below the Quick-Service Restaurants average of 7.9%.
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Operator retention
System roughly stable (0.0% 3-year CAGR) with 28 units.
Multi-unit rate
40% of franchisees own multiple units, a moderate multi-unit rate.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Quick-Service Restaurants averages
How Beggars Pizza Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 28
- Opened
- 0
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 7
- Corporate units in the system
- % franchised
- 75%
- vs corporate-owned
- Multi-unit owners
- 40.0%
- Net growth (3-yr)
- +14.3%
- Net unit change over 3 years
- 3-yr CAGR
- +0.0%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 3
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 1
- Reacquired (3yr)
- 0
- Franchisor bought back
- Projected new
- 2
- Franchisor's next-year forecast
- Continuity rate
- 100.0%
- Units that stayed open
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 2 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
2
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 6 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 6
- Loan volume
- $2.4M
- Median loan
- $303K
- 50th percentile
- Charge-off rate
- N/A
- limited sample (6 loans) — rate not shown below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 6
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Beggars Pizza presents CAUTION-level risk due to undisclosed financial performance, tiny unit count with unknown growth, going concern questions, and opaque profitability metrics that prevent proper ROI validation.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Selden Fox, Ltd.
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 74 / 100 verdict
- 01MINORNo Item 19 financial performance disclosure — impossible to assess actual profitability or ROI potential
- 02MEDOnly 28 units systemwide with unknown growth trajectory — suggests limited brand momentum or stability
- 03HIGHGoing Concern status is FALSE, indicating potential financial viability questions about franchisor
- 04MINORHybrid royalty structure (5% or $500 minimum) may be unprofitable for low-volume locations
- 05MINOR10-year term is longer than industry standard (typically 5-7), reducing flexibility for underperforming franchisees
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 6.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 10 |
| Mandatory arbitration | No |
| Jury trial waiver | No |
| Governing law | IL |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 125 hrs
- On-the-job training
- 0 hrs
- Training location
- Blue Island, Illinois (headquarters and/or affiliate-owned restaurant)
- Ongoing training
- Required
- Time to open
- 7 mo
- From signing to launch
- Site selection
- Franchisee selects, subject to franchisor approval
- Franchisor financing
- Not offered
- Item 10
- POS system
- Speedline
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Speedline
Item 20 · call current owners
Franchisee Contacts
26 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Beggars Pizza · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Beggars Pizza franchise?
The total investment to open a Beggars Pizza franchise ranges from $343K – $740K, with an initial franchise fee of $25K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Beggars Pizza franchise owners earn?
Beggars Pizza does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the Beggars Pizza FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Beggars Pizza FDD and qualifies whose outlets they describe.
What is Beggars Pizza's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Beggars Pizza (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Beggars Pizza franchise locations are there?
As of their most recent FDD filing, Beggars Pizza has 28 total units in the United States, including 21 franchised units and 7 company-owned units.
Is Beggars Pizza a good franchise to buy?
FranchiseVerdict rates Beggars Pizza as a A-grade franchise with a verdict score of 74 out of 100 (higher is better), based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
Are you the franchisor?
If you represent Beggars Pizza, you can request corrections or provide updated information.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.