Broadway PizzaFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Broadway Pizza franchise requires a total initial investment of $860K – $1.4M, including a $30K franchise fee and an ongoing 4.5% royalty[2]. The 2024 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: F. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $860K – $1.4M
- 94th pct Service Resta…
- Avg gross sales
- N/A
- 59th pct Service Resta…
- Royalty
- 4.5%
- 12th pct Service Resta…
- Units
- 12
- 38th pct Service Resta…
- SBA default
- 20.0%
- system-wide median varies by category
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = >15% above Quick-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 1990. Systems this mature have refined operations and brand recognition.
Franchised units fell from 13 to 12 over 3 years. Investigate why operators are leaving.
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.
- Verdict F (Bottom Quintile) with a risk score of 100/100.
- 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
- Broadway Station Restaurants, Inc.
- Incorporated in
- MN
- HQ
- 1818 Wooddale Drive, Suite 202, Woodbury, MN 55125
- Auditor
- Bauman Associates, Ltd.
- Audited financials
- Franchisor revenue
- $1.2M
- vs $1.1M prior year
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.
- CEO
- Randall J. Winger
- Headquarters
- MN
- Founded
- 1990
- FDD year
- 2024
- States available
- 1
FDD Item 7 · 2024 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $30K | $30K |
| Working capital (3–6 mo) | $8K | $25K |
| Equipment, build-out, other | $823K | $1.3M |
| Total initial investment | $860K | $1.4M |
Source: Broadway Pizza 2024 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
- $860K – $1.4M
- Below avg, review vs category
- Liquid capital req'd
- $8K – $25K
- Better than avg vs category
- Franchise fee
- $30K – $30K
- Better than avg vs category
- Royalty
- 4.5%
- Gross Revenues · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 5.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 4.5% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Transfer fee | $15K |
| Renewal fee | $3K |
| Total fee load | 5.5% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Quick-Service Restaurants averages
How Broadway Pizza Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 12
- Opened
- 0
- 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)
- +0.0%
- Net unit change last year
- 3-yr CAGR
- -7.7%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
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)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 5 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 5
- Loan volume
- $1.8M
- Median loan
- $325K
- 50th percentile
- Charge-off rate
- 20.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 80.0%
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 3
- Defaults
- 1
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Broadway Pizza's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 3 lenders with concentration factor
- Per-state charge-off rates across 2 states
- Startup risk premium and job creation velocity
- 5-year lending trend
- SBA 504 real estate/equipment data
Instant access. No subscription.
Risk analysis
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.
Audited financials (Item 21)
Yes · Bauman Associates, Ltd.
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 100 / 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
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Territory type | Radius |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | No |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 0.8 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | No |
| Governing law | Minnesota |
| Litigation count | 0 |
Items 10, 11
Training & Operations
- Classroom training
- 30 hrs
- On-the-job training
- 230 hrs
- POS system
- FoodTec POS System
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: FoodTec POS System
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Broadway Pizza franchise?
The total investment to open a Broadway Pizza franchise ranges from $860K – $1.4M, with an initial franchise fee of $30K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Broadway Pizza franchise owners earn?
Broadway Pizza 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 Broadway Pizza's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Broadway 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 Broadway Pizza franchise locations are there?
As of their most recent FDD filing, Broadway Pizza has 12 total units in the United States, including 13 franchised units and 0 company-owned units.
Is Broadway Pizza a good franchise to buy?
FranchiseVerdict rates Broadway Pizza as a F-grade franchise with a risk score of 100 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.