Bottom line
- Total investment $326K – $646K including a $50K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $1.1M/year (median $1.1M). Estimated payback in 1.3 years.
- Rated MODERATE with a risk score of 55/100. SBA loan default rate of 0.0% across 169 loans (below the industry average).
- Emerging franchise — only 3 years of franchising with 8 units. Early-stage systems carry higher risk but may offer better territory availability.
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 Cascadia Pizza Co. unit return on the cash you put in?
Unlevered ROIC · per unit
19%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Cascadia Pizza Co. units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$660K
on $3.3M purchase
Total debt
$2.6M
SBA $1.7M + senior + seller note
Overview
About
Franchisees operate full-service or fast-casual pizza restaurants under the Cascadia brand, managing daily kitchen operations, food preparation, customer service, inventory control, and staff management. They leverage Cascadia's recipes, operational systems, and brand identity while adhering to franchise standards and marketing requirements. Franchisees typically work 50-60+ hour weeks across opening, closing, and peak service periods.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 4 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).
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.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Cascadia Pizza represents a high-risk micro-franchise with unresolved going concern issues, minimal system scale, and unverified financial claims that should trigger intensive due diligence before investment.
Score breakdown · what drove the 55 / 100 rating
- 01HIGHGoing Concern status is FALSE — franchisor may face operational or financial viability issues
- 02MINOROnly 8 units system-wide with unknown/likely stagnant growth trajectory raises scalability concerns
- 03MEDNo Item 19 (Financial Performance Representations) disclosed — cannot verify if $376K avg net income is achievable
- 04MEDHigh initial investment ($325K-$646K) relative to small unit count suggests limited franchisor experience or profitability pressure
- 05MINOR6% royalty on $1.1M revenue generates only ~$66K annually per unit to franchisor — insufficient to support franchise operations at scale
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.
Franchisee contacts
5 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Cascadia Pizza Co. · FDD (2026) PDF