FranchiseVerdict
Boston’s The Gourmet Pizza Restaurant & Sports Bar logo
FV-00373·STRONGExcellent91

Boston’s The Gourmet Pizza Restaurant & Sports Bar

Food & Beverage - Full ServiceFranchising since 1995Website
Investment
$1.0M – $3.3M
87th pct Full Service
Avg revenue
$2.4M
46th pct Full Service
Royalty
5.0%
15th pct Full Service
Units
24
57th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $1.0M – $3.3M including a $50K franchise fee, 5.0% ongoing royalty.
  • Average unit revenue of $2.4M/year.
  • Rated STRONG with a risk score of 44/100. SBA loan default rate of 0.0% across 169 loans (below the industry average).
  • Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Boston Pizza Restaurants, LP
Parent company
James Treliving Holding, Ltd.
Incorporated in
Delaware
HQ
14850 Quorum Drive, Suite 201, Dallas, Texas 75254
Auditor
Moss Adams LLP
Audited financials
Franchisor revenue
$3.7M
vs $4.0M prior year
⚠ Going-concern note
Disclosed in FDD 2025
Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.

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 Boston’s The Gourmet Pizza Restaurant & Sports Bar unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $2,360,418
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $1.0M–$3.3M
Working capital
$
FDD reports $30K–$53K

Unlevered ROIC · per unit

16%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$354K
EBITDA margin
15.0%
Total invested
$2.2M
Payback
75 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Boston’s The Gourmet Pizza Restaurant & Sports Bar units return on equity?

Edit assumptions

Equity IRR · 5-yr

30.3%

3.75× MOIC

Year-1 DSCR

2.66×

EBITDA ÷ debt service

Equity required

$8.2M

on $18.9M purchase

Total debt

$10.7M

SBA $5.0M + senior + seller note

SBA 7(a) request ($9.4M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

Franchisees operate full-service gourmet pizza restaurants with integrated sports bar concepts, managing food preparation, table service, bar operations, and sports entertainment programming. Day-to-day responsibilities include staff scheduling and training, food cost management, inventory control, customer service, and marketing to drive both dine-in and takeout/delivery revenue across a protected territory.

CEO
Jeff Melnick
Founded
2001
FDD year
2025
States available
14

Item 7 · what it costs

The Vitals

Total investment
$1.0M – $3.3M
All-in to open one unit
Liquid capital
$30K – $53K
Cash you must have on hand
Franchise fee
$50K
Royalty
5.0%
Gross Sales · typical 6–8%
Ad fund
3.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$2.4M
Per unit, per year
Median gross sales
Item 19 type
Gross Sales
Sample size
17 units
vs category median 15
Range (low → high)
$975K$4.0M
Cohort dispersion
Transparency
3 / 5
vs category median 4 / 5 · below
Revenue rank46th
vs Food & Beverage - Full Service peers
Investment cost rank87th
Lower investment ranks lower (better)
Royalty rate rank15th
Lower royalty = lower percentile (better)
Unit count rank57th
vs Food & Beverage - Full Service peers
Risk score rank6th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
24
Opened
5
Last reporting year
Closed
2
Turnover rate
8.3%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+14.3%
Net unit change last year
3-yr CAGR
-4.0%
Compounded over last 3 years
2023
24+3
Franchised units
2024
21
Franchised units
2025
25
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 14 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 14 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
169
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

44
Risk · 0-100
STRONG44 / 100

Moderate-to-cautious opportunity with material legal history, missing financial disclosure (Item 19), and modest unit growth that warrants deep franchisee interviews and legal review before commitment.

Score breakdown · what drove the 44 / 100 rating

  1. 01MEDNo Item 19 (Average Unit Volume) disclosed despite $2.36M average revenue — prevents accurate ROI assessment and suggests franchisor may be hiding underperforming units
  2. 02HIGHHistory of franchisor-initiated litigation against ex-franchisees for breach of contract and liquidated damages recovery indicates aggressive enforcement and potential franchisee relations issues
  3. 03MEDModest unit growth of 14.3% YoY with only 24 total units suggests limited brand recognition and slower expansion than healthy franchise systems
  4. 04MEDHigh initial investment range ($1.03M–$3.3M) combined with undisclosed net income creates uncertainty about profitability and payback period
  5. 05HIGHPrior litigation involving breach of oral agreements indicates possible ambiguity in franchise agreements or compliance expectations

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
3
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Texas

Item 11

Training & Operations

Classroom training
50 hrs
On-the-job training
100 hrs
POS system
Posi-Touch
Operating tech stack

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

32 numbers

Locked
(586) 247-••••
Hallside, Inc. Robert H. McRae
MI
(912) 247-••••
Jigar Patel
GA
(310) 200-••••
Ontario, California Jatinderpal Dhaliwal
CA

One-time purchase · CSV download · Validation questions included

FDD download

Boston’s The Gourmet Pizza Restaurant & Sports Bar · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above