Bottom line
- Total investment $343K – $1.1M including a $25K franchise fee.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 65/100. SBA loan default rate of 0.0% across 8 loans (below the industry average).
- No 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
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Beggars Pizza unit return on the cash you put in?
Unlevered ROIC · per unit
11%
Below typical band (30–60%)
Overview
About
Franchisees operate casual pizza restaurant locations, managing food preparation, customer service, delivery logistics, and staff scheduling. Daily operations include inventory management, quality control of dough and toppings, staffing coordination, and order fulfillment through dine-in, carryout, and delivery channels.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
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)
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
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.
Score breakdown · what drove the 65 / 100 rating
- 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
- 04MINORWide investment range ($343K-$1.08M) with no corresponding revenue data — cannot validate investment appropriateness
- 05MINORHybrid royalty structure (5% or $500 minimum) may be unprofitable for low-volume locations
- 06MINOR10-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
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
26 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Beggars Pizza · FDD (2025) PDF