FranchiseVerdict
California Pizza Kitchen logo
FV-00441·STRONGExcellent81

California Pizza Kitchen

Food & Beverage - Full ServiceFranchising since 2022Website
Investment
$2.3M – $6.9M
97th pct Full Service
Avg revenue
57th pct Full Service
Royalty
5.0%
15th pct Full Service
Units
148
87th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $2.3M – $6.9M including a $50K franchise fee, 5.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated STRONG with a risk score of 52/100. SBA loan default rate of 0.0% across 169 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

Legal entity
CPK Franchise Inc.
Parent company
CPK Holdings Inc.
Incorporated in
Delaware
HQ
575 Anton Blvd., Suite 100, Costa Mesa, California 92626
Auditor
Moss Adams LLP
Audited financials
Franchisor revenue
$3.3M
vs $3.9M prior year

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 California Pizza Kitchen unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
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: $2.3M–$6.9M
Working capital
$
FDD reports $100K–$350K

Unlevered ROIC · per unit

3%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$128K
EBITDA margin
17.0%
Total invested
$4.9M
Payback
458 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.

Overview

About

Franchisees operate upscale casual dining restaurants serving California-style gourmet pizzas, pastas, and contemporary American cuisine. Daily operations include kitchen management, server/bartender oversight, inventory control, and customer service across typically 2,000–3,500 sq ft locations requiring full-service restaurant infrastructure and staffing (50–100+ employees).

CEO
Jeff Warne
Founded
2021
FDD year
2024
States available
6

Item 7 · what it costs

The Vitals

Total investment
$2.3M – $6.9M
All-in to open one unit
Liquid capital
$100K – $350K
Cash you must have on hand
Franchise fee
$50K
Royalty
5.0%
Gross Sales · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
6.0%
vs 9–13% typical

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

Total units
148
Opened
0
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
133
Corporate units in the system
% franchised
10%
vs corporate-owned
Multi-unit owners
50.0%
Net growth (yr3)
+0.0%
Net unit change last year
3-yr CAGR
+0.0%
Compounded over last 3 years
2022
15±0
Franchised units
2023
15
Franchised units
2024
15
Franchised units

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

Item 20 · 18 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 · 18 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

52
Risk · 0-100
STRONG52 / 100

Material lack of financial transparency (no Item 19) combined with flat unit growth and high capital requirements creates unquantifiable ROI risk.

Score breakdown · what drove the 52 / 100 rating

  1. 01MEDNo Item 19 (Average Unit Volume) disclosed — impossible to assess ROI or payback period on $2.3M–$6.9M investment
  2. 02MINORUnit count stalled at 148 with unknown/likely flat growth — suggests mature or contracting system
  3. 03MINORHigh capital requirement ($2.3M–$6.9M) with no revenue benchmarks creates severe information asymmetry
  4. 04MED5% royalty on undisclosed revenue base — cannot validate sustainability of franchisor support model
  5. 05HIGHGoing Concern classification FALSE — potential ambiguity in financial stability signals

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
0
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
California

Item 11

Training & Operations

Classroom training
176 hrs
On-the-job training
352 hrs
POS system
NCR Aloha POS System
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

33 numbers

Locked
(517) 373-••••
Michigan
MI
(804) 371-••••
VA
(517) 335-••••
MI

One-time purchase · CSV download · Validation questions included

FDD download

California Pizza Kitchen · FDD (2024) PDF

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