Bellacino’s Pizza & GrindersFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Bellacino’s Pizza & Grinders franchise requires a total initial investment of $311K – $477K, including a $35K franchise fee and an ongoing 5.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $311K – $477K
- 19th pct Service Resta…
- Avg gross sales
- N/A
- 28th pct Service Resta…
- Royalty
- 5.0%
- 7th pct Service Resta…
- Units
- 46
- 35th pct Service Resta…
- SBA default
- N/A
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Franchising since 1997. Systems this mature have refined operations and brand recognition.
Bottom line
- Total investment $311K – $477K including a $35K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict A (Top Quintile) with a risk score of 47/100.
- 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
- Legal entity
- BELLACINO'S®, INC.
- Ultimate parent
- None
- CEO title
- President
- DAN WARNAAR
- CEO experience
- 31 yrs
- Years in role or industry
- Incorporated in
- MI
- HQ
- 10096 Shaver Road, Portage, MI 49024
- Auditor
- Blystone & Bailey, CPAs, PC
- Audited financials
- Franchisor revenue
- $1.6M
- vs $1.6M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
Franchisees operate quick-service pizza and grinders shops, managing kitchen operations, food prep, inventory, and counter service. Day-to-day involves staffing coordination, order fulfillment, food cost management, and local marketing to drive walk-in and delivery revenue within a protected territory.
- CEO
- DAN WARNAAR
- Headquarters
- MI
- Founded
- 1993
- FDD year
- 2025
- States available
- 12
FDD Item 7 · 2025 filing · 14 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $35K | $35K | |
| Marketing - store openingnot refundable | $5K | $10K | |
| Travel and Expenses for You and Your Manager During Trainingnot refundable | $2K | $4K | |
| Travel for corporate training team | $2K | $5K | |
| Architectural & Design services | $7K | $10K | |
| Leasehold Improvementsnot refundable | $135K | $210K | |
| Furniture, Fixtures and Equipment | $90K | $145K | |
| Point of Sale/Computer System | $4K | $6K | |
| Security Deposit/Rent | $10K | $14K | |
| Opening Inventory and Suppliesnot refundable | $10K | $16K | |
| Insurance (Construction) | $750 | $2K | |
| Insurance (Business Operations) | $4K | $7K | |
| Miscellaneous Pre-Opening and Organization Costs | $4K | $9K | |
| Additional Funds - Three Months | $5K | $6K | |
| Total initial investment | $311K | $477K |
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
- $311K – $477K
- Better than avg vs category
- Liquid capital req'd
- $5K – $6K
- Better than avg vs category
- Franchise fee
- $35K – $35K
- Better than avg vs category
- Royalty
- 5.0%
- Gross Sales · 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 | $550 |
| Training fee | $500 |
| Transfer fee | $5K |
| Renewal fee | $0 |
| Total fee load | 6.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Full-Service Restaurants averages
How Bellacino’s Pizza & Grinders Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 46
- Opened
- 1
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- +2.2%
- Net unit change last year
- 3-yr CAGR
- -2.1%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 2
- Transfer rate
- 4.3%
- Owners selling to other franchisees
- Continuity rate
- 100.0%
- Units that stayed open
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 11 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 1 7(a) loan on file; statistical reliability is limited below 10 loans.
- Total loans
- 1
- Loan volume
- N/A
- Amount data pending
- Median loan
- N/A
- Charge-off rate
- N/A
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
- 0
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Bellacino's presents moderate-to-cautious risk: minimal unit growth, non-transparent financial performance, and a high investment ceiling with unvalidated profit potential in a mature pizza/grinders category.
Litigation (Item 3)
No litigation information is required to be disclosed in Item 3
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Blystone & Bailey, CPAs, PC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 47 / 100 rating
- 01MEDNo Item 19 (Average Unit Volume) disclosed — impossible to assess ROI or validate 5% royalty burden
- 02MINORStagnant unit growth of only 2.2% YoY suggests mature/declining system with low franchisee recruitment success
- 03MEDHigh initial investment ($311k–$477k) with no disclosed average net income creates return visibility gap
- 04MINORSmall unit base of 46 locations limits economies of scale for food supply, marketing, and operational support
- 05MINOR10-year term is long commitment with minimal growth trajectory and no profitability benchmarks provided
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 2 |
| Territory type | specific territory assigned |
| Protected territory | Yes |
| 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 | 15 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | No |
| Governing law | Michigan |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation information is required to be disclosed in Item 3
Items 10, 11
Training & Operations
- Classroom training
- 32 hrs
- On-the-job training
- 125 hrs
- Training location
- On-site at franchisee's restaurant and franchisor's location
- POS system
- Bellacino’s approved cloud-based POS system
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Bellacino’s approved cloud-based POS system
Item 20 · call current owners
Franchisee Contacts
30 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Bellacino’s Pizza & Grinders · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Bellacino’s Pizza & Grinders franchise?
The total investment to open a Bellacino’s Pizza & Grinders franchise ranges from $311K – $477K, with an initial franchise fee of $35K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Bellacino’s Pizza & Grinders franchise owners earn?
Bellacino’s Pizza & Grinders 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 Bellacino’s Pizza & Grinders's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Bellacino’s Pizza & Grinders (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 Bellacino’s Pizza & Grinders franchise locations are there?
As of their most recent FDD filing, Bellacino’s Pizza & Grinders has 46 total units in the United States, including 46 franchised units and 0 company-owned units. 1 new units were opened in the latest reporting year.
Is Bellacino’s Pizza & Grinders a good franchise to buy?
FranchiseVerdict rates Bellacino’s Pizza & Grinders as a A-grade franchise with a risk score of 47 out of 100, 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.
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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.