FranchiseVerdict
Chanello’s® Pizza logo
FV-00497·STRONGExcellent81

Chanello’s® Pizza

Food & Beverage - PizzaFranchising since 2022Website
Investment
$226K – $433K
41st pct Pizza
Avg revenue
46th pct Pizza
Royalty
5.0%
22nd pct Pizza
Units
30
41st pct Pizza
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $226K – $433K including a $20K 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 47/100. SBA loan default rate of 0.0% across 169 loans (below the industry average).
  • Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Over the Top Pizza, Inc.
Incorporated in
Virginia
HQ
905 W. 21st Street, Norfolk, Virginia 23517
Auditor
Barnes, Brock, Cornwell & Painter, PLC
Audited financials
Franchisor revenue
$176K
vs $69K prior year
⚠ Going-concern note
Disclosed in FDD 2025
Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.

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 Chanello’s® Pizza 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: restaurant
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $226K–$433K
Working capital
$
FDD reports $25K–$40K

Unlevered ROIC · per unit

23%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$83K
EBITDA margin
11.0%
Total invested
$362K
Payback
53 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 quick-service or casual-dining pizza restaurants serving dine-in, carryout, and delivery customers. Day-to-day operations include food preparation, inventory management, staffing, customer service, and marketing within their protected territory. The business model emphasizes standardized recipes and operational procedures across the 30-unit network.

CEO
Juliet Channell
Founded
2008
FDD year
2025
States available
2

Item 7 · what it costs

The Vitals

Total investment
$226K – $433K
All-in to open one unit
Liquid capital
$25K – $40K
Cash you must have on hand
Franchise fee
$20K
Royalty
5.0%
Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
7.0%
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
30
Opened
0
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
19
Corporate units in the system
% franchised
37%
vs corporate-owned
Net growth (yr3)
+0.0%
Net unit change last year
3-yr CAGR
+0.0%
Compounded over last 3 years
2023
11±0
Franchised units
2024
11
Franchised units
2025
11
Franchised units

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).

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 · 4 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

47
Risk · 0-100
STRONG47 / 100

Small, opaque pizza franchise with no financial disclosure, limited unit count, and significant data gaps that prevent validation of investment returns.

Score breakdown · what drove the 47 / 100 rating

  1. 01MINORNo Item 19 financial performance disclosure — impossible to validate ROI claims or benchmark profitability
  2. 02MEDOnly 30 units system-wide indicates small, unproven franchise network with limited scale and support infrastructure
  3. 03MINORWide investment range ($226K-$433K) suggests inconsistent buildout costs, territory variations, or undefined scope
  4. 04MEDNo disclosed average revenue or net income prevents due diligence and raises concerns about franchisor transparency
  5. 05MED5% royalty on undisclosed sales base means franchisees may face margin pressure with no visibility into peer performance
  6. 06MED10-year term is relatively long for unproven concept with minimal disclosed track record

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Drive Time
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
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Virginia

Item 11

Training & Operations

Classroom training
48 hrs
On-the-job training
72 hrs
POS system
Foodtec Solutions
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

4 numbers

Locked
(540) 574-••••
VA
(217) 782-••••
IL
(213) 576-••••
CA

One-time purchase · CSV download · Validation questions included

FDD download

Chanello’s® Pizza · FDD (2025) PDF

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