Bottom line
- Total investment $860K – $1.4M including a $30K franchise fee, 4.5% ongoing royalty.
- 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 5 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 Broadway Pizza unit return on the cash you put in?
Unlevered ROIC · per unit
8%
Below typical band (30–60%)
Overview
About
Franchisees operate pizza restaurants under the Broadway Pizza brand, handling daily operations including food preparation, customer service, inventory management, staffing, and local marketing. Day-to-day responsibilities include managing kitchen production, point-of-sale systems, delivery logistics (if applicable), and ensuring brand standard compliance while paying 4.5% of gross revenues to the franchisor.
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 · 1 state 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.
1
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
Broadway Pizza presents elevated risk due to non-disclosure of unit economics, going concern issues, tiny system size, and inability to validate investment ROI before signing a 10-year commitment.
Score breakdown · what drove the 65 / 100 rating
- 01MEDNo Item 19 (average unit volumes) disclosed — impossible to assess ROI or profitability
- 02MEDOnly 12 units system-wide indicates extremely limited scale and unproven business model
- 03HIGHGoing Concern status is FALSE — suggests potential financial instability of franchisor
- 04MINORHigh initial investment ($860k–$1.35M) with no revenue/income benchmarks to justify it
- 05MED4.5% royalty on undisclosed revenues creates opacity around actual franchisee net earnings
- 06MINORNo unit growth data provided — suggests stagnant or declining franchise system
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.
FDD download
Broadway Pizza · FDD (2024) PDF