Boston's The Gourmet Pizza Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
FranchiseVerdict summary · 2026
A Boston's The Gourmet Pizza franchise requires a total initial investment of $1.1M – $3.3M, including a $50K franchise fee and an ongoing 5.0% royalty[2]. Per the 2026 FDD, average unit revenue was $1.4M[2]. FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2026 FDD issuance
Overview
- Investment
- $1.1M – $3.3M
- 47th pct Service Resta…
- Avg gross sales
- $1.4M
- 15th pct Service Resta…
- Royalty
- 5.0%
- 7th pct Service Resta…
- Units
- 20
- 27th pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Full-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
- Total investment $1.1M – $3.3M including a $50K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $1.4M/year.
- Verdict C (Average), verdict score 46/100 (higher is better).
- 8 units terminated last reporting year (40.0% of the system). Ask existing franchisees why.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Boston Pizza Restaurants, LP
- Parent company
- Treliving Private Investments Ltd. / BPR GP, Inc.
- Ultimate parent
- Treliving Family Holdings, Inc.
- CEO title
- Chairman of the Board of Directors
- James Walter Treliving
- Incorporated in
- Delaware
- HQ
- 14850 Quorum Drive, Suite 201, Dallas, Texas 75254
Overview
About
Full-service casual dining restaurant combined with a sports bar, serving pizza, pasta, entrees, appetizers, salads and desserts under the Boston's The Gourmet Pizza Restaurant & Sports Bar brand
- CEO
- James Walter Treliving
- Headquarters
- Texas
- Founded
- 2001
- FDD year
- 2026
Can you afford it, and what does the money buy?
Entry cost runs 134% above the typical full-service restaurants franchise.
Source: FDD 2026 · Items 5–7
FDD Item 7 · 2026 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $50K | $50K |
| Working capital (3–6 mo) | $30K | $53K |
| Equipment, build-out, other | $979K | $3.2M |
| Total initial investment | $1.1M | $3.3M |
Source: Boston's The Gourmet Pizza 2026 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $1.1M – $3.3M
- Middle of category vs category
- Liquid capital req'd
- $30K – $53K
- Top 40% of category vs category
- Franchise fee
- $50K
- Middle of category vs category
- Royalty
- 5.0%
- percentage · typical 6–8%
- Ad fund
- 3.0%
- typical 3–5%
- Total fee load
- 0.1%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 3.0% of gross sales |
| Technology fee | $2K |
| Transfer fee | $25K |
| Renewal fee | $25K |
| Inventory (initial) | $27K – $49K |
| Total fee load | 0.1% of rev |
A 0.1% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.
What do units actually make?
Average unit sales run 9% below the full-service restaurants norm.
Source: FDD 2026 · Item 19
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$139K
10.0% margin
Unlevered ROIC
6%
EBITDA / total invested capital
Payback
16.1 yrs
cash-on-cash, unlevered
Financial Performance
- Avg gross sales
- $1.4M
- Per unit/yr · from the Item 19 franchised-cohort breakdown (no single system-wide average disclosed)
- Median gross sales
- N/A
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- historical
- Sample size
- 16 units
- vs category median 16
- Range (low → high)
- $889K→$4.1M
- Cohort dispersion (min → max)
- Reporting year
- 2025
- Fiscal year the figures cover
Compared against 1273 Full-Service Restaurants brands
Revenue is only 0.6x the investment. This means each unit may take 5+ years to recoup the initial outlay at typical margins.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
Average unit generates $1.4M/year in gross sales. Revenue-to-investment ratio: 0.6x.
Fee burden
Total ongoing fee load of 0.1% — below the Full-Service Restaurants average of 7.6%.
Operator retention
System contracting at -4.8% CAGR over 3 years. Investigate whether closures are franchisor-driven consolidation or franchisee exits.
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 Full-Service Restaurants averages
How Boston's The Gourmet Pizza Compares
Is the system healthy?
Source: FDD 2026 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 20
- Opened
- 5
- Last reporting year
- Closed
- 0
- Terminated
- 8
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 20.0%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- -4.8%
- Net unit change over 3 years
- 3-yr CAGR
- -4.8%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 0
- Closed (3yr)
- 0
- Terminated (3yr)
- 4
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 1
- Reacquired (3yr)
- 0
- Franchisor bought back
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 10
- Loan volume
- $14.1M
- Median loan
- $1.2M
- 50th percentile
- Charge-off rate
- N/A
- no resolved loans yet — rate needs a terminal outcome
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
- 10
- Defaults
- 1
- Typical loan rate
- 5.6%
- avg rate to borrowers
- vs industry
- N/A
- NAICS 7221
- Jobs supported
- 342
- 2.4 per loan
- Lender concentration
- 10%
- top lender's share
Borrower mix: 0% went to startups / new businesses, 100% to established operators
Top lenders financing Boston's The Gourmet Pizza franchisees
Showing 3 of 10 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
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
Litigation (Item 3)
Four disclosed matters: (1) Patel v. Boston's (2019) - franchisee sued over development agreement dispute, settled for $5,000 paid by Boston's; (2) Boston's v. Kaushal (2020) - franchisor sued ex-franchisee for $205,000 liquidated damages, dismissed without prejudice; (3) Boston's v. BOSTCG/Patel (2023) - franchisor sued for $271,947 liquidated damages, settled for franchisee paying Boston's $85,000; (4) Boston's intends to arbitrate against Arjan, LLC and guarantors for $381,664.95 in unpaid royalties/fees/damages.
Largest disclosed settlement: $271,947
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
What are you signing up for?
Ongoing fees run about 0.1% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2026 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory radius | 1 mi |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Dallas, Texas (principal city closest to franchisor's principal place of business) |
| Governing law | Texas |
| Litigation count | 4 |
View Item 3 litigation summary
Four disclosed matters: (1) Patel v. Boston's (2019) - franchisee sued over development agreement dispute, settled for $5,000 paid by Boston's; (2) Boston's v. Kaushal (2020) - franchisor sued ex-franchisee for $205,000 liquidated damages, dismissed without prejudice; (3) Boston's v. BOSTCG/Patel (2023) - franchisor sued for $271,947 liquidated damages, settled for franchisee paying Boston's $85,000; (4) Boston's intends to arbitrate against Arjan, LLC and guarantors for $381,664.95 in unpaid royalties/fees/damages.
Items 10, 11
Training & Operations
- Classroom training
- 60 hrs
- On-the-job training
- 140 hrs
- Training location
- Dallas, Texas (corporate training center)
- Ongoing training
- Required
- Time to open
- 15 mo
- From signing to launch
- Site selection
- franchisee, subject to franchisor approval
- Franchisor financing
- Not offered
- Item 10
- POS system
- Posi-Touch
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Posi-Touch
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Boston's The Gourmet Pizza franchise?
The total investment to open a Boston's The Gourmet Pizza franchise ranges from $1.1M – $3.3M, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Boston's The Gourmet Pizza franchise owners earn?
According to Item 19 of the Boston's The Gourmet Pizza FDD, the average gross sales per unit is $1.4M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Boston's The Gourmet Pizza's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Boston's The Gourmet 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 Boston's The Gourmet Pizza franchise locations are there?
As of their most recent FDD filing, Boston's The Gourmet Pizza has 20 total units in the United States, including 20 franchised units and 0 company-owned units. 5 new units were opened in the latest reporting year.
Is Boston's The Gourmet Pizza a good franchise to buy?
FranchiseVerdict rates Boston's The Gourmet Pizza as a C-grade franchise with a verdict score of 46 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
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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.