Cascadia Pizza Co.Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Cascadia Pizza Co. franchise requires a total initial investment of $326K – $646K, including a $50K franchise fee and an ongoing 6.0% royalty[2]. Per the 2026 FDD, average unit revenue was $1.1M[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $326K – $646K
- 63rd pct Service Resta…
- Avg gross sales
- $1.1M
- 36th pct Service Resta…
- Royalty
- 6.0%
- 44th pct Service Resta…
- Units
- 8
- 31st pct Service Resta…
- SBA default
- N/A
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
Started franchising in 2023. Newer systems carry more uncertainty but may offer better territories.
77% cash-on-cash return (based on P&L Bottom Line). Above the 20% threshold most investors target.
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), with an estimated 77% cash-on-cash return (based on P&L Bottom Line).
- Verdict A (Top Quintile) with a risk score of 46/100.
- 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
- Legal entity
- Cascadia Pizza Co Franchising LLC
- Parent company
- Tomcal Inc. and Buck Ventures Inc.
- Incorporated in
- WA
- HQ
- 22607 SE 216th Way, Maple Valley, Washington 98038
- Auditor
- Metwally CPA PLLC
- Audited financials
- Franchisor revenue
- $200K
- vs $382K prior year
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.
- CEO
- Calvin Freatman
- Headquarters
- WA
- Founded
- 2023
- FDD year
- 2026
- States available
- 3
FDD Item 7 · 2026 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $50K | $50K |
| Working capital (3–6 mo) | $64K | $136K |
| Equipment, build-out, other | $212K | $460K |
| Total initial investment | $326K | $646K |
Source: Cascadia Pizza Co. 2026 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$154K
14.0% margin
Unlevered ROIC
26%
EBITDA / total invested capital
Payback
3.8 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $326K – $646K
- Near category avg vs category
- Liquid capital req'd
- $64K – $136K
- Below avg, review vs category
- Franchise fee
- $50K – $50K
- Below avg, review vs category
- Royalty
- 6.0%
- percentage_of_gross · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
- Payback period
- 1.3 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $300 |
| Transfer fee | $10K |
| Renewal fee | $10K |
| Total fee load | 8.0% of rev |
Financial Performance
- Avg gross sales
- $1.1M
- Per unit, per year
- Median gross sales
- $1.1M
- Avg p&l bottom line
- $376K
- Reported as P&L Bottom Line in FDD Item 19
- Cash-on-cash
- 77.4%
- Based on P&L Bottom Line / investment midpoint
- Item 19 type
- Actual
- Sample size
- 3 units
- vs category median 28 · small
- Range (low → high)
- $978K→$1.2M
- Cohort dispersion (min → max)
- Transparency
- 10 / 5
- vs category median 4 / 5 · above
Compared against 453 Quick-Service Restaurants brands
vs Quick-Service Restaurants averages
How Cascadia Pizza Co. Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 8
- Opened
- 0
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 5
- Corporate units in the system
- % franchised
- 38%
- vs corporate-owned
- Net growth (yr3)
- +0.0%
- Net unit change last year
- 3-yr CAGR
- +200.0%
- 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 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 169
- Loan volume
- N/A
- Amount data pending
- Median loan
- N/A
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 0
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
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.
Audited financials (Item 21)
Yes · Metwally CPA PLLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 46 / 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
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius/Population |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Washington |
| Litigation count | 0 |
Items 10, 11
Training & Operations
- Classroom training
- 48 hrs
- On-the-job training
- 112 hrs
- POS system
- Square
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Square
Item 20 · call current owners
Franchisee Contacts
5 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Cascadia Pizza Co. · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Cascadia Pizza Co. franchise?
The total investment to open a Cascadia Pizza Co. franchise ranges from $326K – $646K, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Cascadia Pizza Co. franchise owners earn?
According to Item 19 of the Cascadia Pizza Co. FDD, the average gross sales per unit is $1.1M. The median is $1.1M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Cascadia Pizza Co.'s franchise failure rate?
SBA 7(a) loan charge-off data is not available for Cascadia Pizza Co. (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 Cascadia Pizza Co. franchise locations are there?
As of their most recent FDD filing, Cascadia Pizza Co. has 8 total units in the United States, including 4 franchised units and 5 company-owned units.
Is Cascadia Pizza Co. a good franchise to buy?
FranchiseVerdict rates Cascadia Pizza Co. as a A-grade franchise with a risk score of 46 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.