FranchiseVerdict
D.P. Dough logo
FV-00694·MODERATEExcellent95

D.P. Dough

Food & Beverage - Full ServiceFranchising since 2019Website
Investment
$121K – $360K
8th pct Full Service
Avg revenue
$764K
10th pct Full Service
Royalty
5.0%
15th pct Full Service
Units
58
74th pct Full Service
SBA default

Bottom line

  • Total investment $121K – $360K including a $40K franchise fee, 5.0% ongoing royalty.
  • Average unit revenue of $764K/year (median $766K).
  • Rated MODERATE with a risk score of 64/100.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Calzone King, LLC
Incorporated in
New York
HQ
397 NY State Route 281, P.O. Box 582, Tully, NY 13159
Auditor
Maloney + Novotny LLC
Audited financials
Franchisor revenue
$2.3M
vs $2.7M 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 D.P. Dough unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $764,419
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: $121K–$360K
Working capital
$
FDD reports $21K–$31K

Unlevered ROIC · per unit

49%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$130K
EBITDA margin
17.0%
Total invested
$266K
Payback
25 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.

Levered LBO scenario · Yale Crease Capital framing

What would 25 D.P. Dough units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$1.5M

on $7.6M purchase

Total debt

$6.1M

SBA $3.8M + senior + seller note

Overview

About

D.P. Dough franchisees operate quick-service restaurants specializing in calzones and similar baked dough products, typically in high-traffic locations like college towns and entertainment districts. Daily operations include food preparation, inventory management, POS operations, staffing, and delivery coordination. The model emphasizes speed of service and delivery capabilities to drive customer traffic.

CEO
Eric Cook
Founded
2019
FDD year
2025
States available
21

Item 7 · what it costs

The Vitals

Total investment
$121K – $360K
All-in to open one unit
Liquid capital
$21K – $31K
Cash you must have on hand
Franchise fee
$40K
Royalty
5.0%
Net Sales · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
6.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$764K
Per unit, per year
Median gross sales
$766K
Item 19 type
Net Sales
Sample size
37 units
vs category median 15 · large
Range (low → high)
$311K$1.4M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank10th
vs Food & Beverage - Full Service peers
Investment cost rank8th
Lower investment ranks lower (better)
Royalty rate rank15th
Lower royalty = lower percentile (better)
Unit count rank74th
vs Food & Beverage - Full Service peers
Risk score rank59th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
58
Opened
7
Last reporting year
Closed
1
Turnover rate
1.7%
Company-owned
9
Corporate units in the system
% franchised
85%
vs corporate-owned
Net growth (yr3)
-9.3%
Net unit change last year
3-yr CAGR
-2.0%
Compounded over last 3 years
2023
49-5
Franchised units
2024
54
Franchised units
2025
50
Franchised units

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

Item 20 · 16 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 · 16 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.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

64
Risk · 0-100
MODERATE64 / 100

D.P. Dough presents high risk: a contracting franchise system with active litigation, undisclosed profitability metrics, and potential franchisor financial instability.

Score breakdown · what drove the 64 / 100 rating

  1. 01MINORSystem declining 9.3% YoY (58 units) indicates contraction and potential market saturation or operational issues
  2. 02MINORNo net income disclosure prevents ROI validation despite $764k average revenue—opacity on profitability is concerning
  3. 03HIGHActive litigation by franchisor against franchisees over royalties and non-compete violations suggests enforcement aggression and potential franchisee disputes
  4. 04HIGHGoing Concern = False raises solvency questions about franchisor's financial stability and long-term viability
  5. 05MINORHigh initial investment ($120k-$360k) combined with declining unit count increases risk of poor unit economics
  6. 06MED5% royalty on undisclosed net income makes it difficult to assess true franchisee profitability

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
10 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
2
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
3 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Ohio

Item 11

Training & Operations

Classroom training
30 hrs
On-the-job training
225 hrs
POS system
Centro
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

23 numbers

Locked
(410) 576-••••
MD
(719) 268-••••
CO
(413) 461-••••
MA

One-time purchase · CSV download · Validation questions included

FDD download

D.P. Dough · FDD (2025) PDF

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