FranchiseVerdict
Domino's Pizza logo
FV-00775·STRONGExcellent95

Domino's Pizza

Food & Beverage - PizzaFranchising since 1967Website
Investment
$107K – $744K
19th pct Pizza
Avg revenue
$1.4M
37th pct Pizza
Royalty
5.5%
58th pct Pizza
Units
7,236
100th pct Pizza
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $107K – $744K including a $10K franchise fee, 5.5% ongoing royalty.
  • Average unit revenue of $1.4M/year (median $1.3M).
  • Rated STRONG with a risk score of 29/100. SBA loan default rate of 0.0% across 512 loans (below the industry average).
  • System growing at 530% CAGR over 3 years with 7236 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Domino’s Pizza Franchising LLC
Parent company
Domino’s Pizza Master Issuer LLC
Incorporated in
Delaware
HQ
24 Frank Lloyd Wright Drive, Ann Arbor, Michigan 48105-9484
Auditor
PricewaterhouseCoopers LLP
Audited financials
Franchisor revenue
$487.1M
vs $512.1M 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 Domino's Pizza unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,365,988
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: $107K–$744K
Working capital
$
FDD reports $10K–$73K

Unlevered ROIC · per unit

25%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$116K
EBITDA margin
8.5%
Total invested
$467K
Payback
48 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 Domino's Pizza 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

$410K

on $2.0M purchase

Total debt

$1.6M

SBA $1.0M + senior + seller note

Overview

About

Franchisees operate pizza delivery and carryout locations using Domino's brand, systems, and menu. Day-to-day operations include managing store staff, order fulfillment (in-house or delivery), inventory/food costs, marketing, and customer service. Franchisees must comply with Domino's technology platform, operational standards, and pay 5.5% weekly royalties on sales.

CEO
Russell Weiner
Founded
1963
FDD year
2026
States available
53

Item 7 · what it costs

The Vitals

Total investment
$107K – $744K
All-in to open one unit
Liquid capital
$10K – $73K
Cash you must have on hand
Franchise fee
$10K
Royalty
5.5%
Gross Sales · typical 6–8%
Ad fund
4.0%
typical 3–5%
Total fee load
9.9%
vs 9–13% typical
Payback period
Effectively never
Investment too high vs revenue to recover

Item 19

Financial Performance

Avg gross sales
$1.4M
Per unit, per year
Median gross sales
$1.3M
Item 19 type
AWUS (Average Weekly Unit Sales)
Sample size
6788 units
vs category median 40 · large
Transparency
7 / 5
vs category median 0 / 5 · above
Revenue rank37th
vs Food & Beverage - Pizza peers
Investment cost rank19th
Lower investment ranks lower (better)
Royalty rate rank58th
Lower royalty = lower percentile (better)
Unit count rank100th
vs Food & Beverage - Pizza peers
Risk score rank0th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
7,236
Opened
215
Last reporting year
Closed
15
Turnover rate
0.2%
Company-owned
262
Corporate units in the system
% franchised
96%
vs corporate-owned
Multi-unit owners
5.9%
Net growth (yr3)
+2.9%
Net unit change last year
3-yr CAGR
+5.3%
Compounded over last 3 years
2024
6,974+168
Franchised units
2025
6,776
Franchised units
2026
6,621
Franchised units

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

Item 20 · 9 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
Available · 9 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
512
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

29
Risk · 0-100
STRONG29 / 100

Established brand with protected territory but facing stagnant growth, thin margins, and mounting litigation that could impact franchisee economics and operational burden.

Score breakdown · what drove the 29 / 100 rating

  1. 01MINORSlow unit growth of only 2.9% YoY suggests market saturation or franchisee underperformance
  2. 02HIGHSignificant litigation including securities class action, derivative lawsuits, and joint employer claims creates legal/operational uncertainty
  3. 03MINORNet income margin of only 1.08% (14.7K on 1.37M revenue) indicates razor-thin profitability after royalties
  4. 04MINORHigh capital requirement ($107K-$743K) paired with low average net income creates extended ROI timeline
  5. 05HIGHJoint employer litigation could increase labor compliance costs and corporate liability exposure for franchisees

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
6
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
1 yrs
Post-termination restriction
Owner-operator
Required

Item 11

Training & Operations

Classroom training
130 hrs
On-the-job training
1 hrs
POS system
Domino’s PULSE
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

75 numbers

Locked
(415) 972-••••
One Sansome Street, Suite
CA
(787) 928-••••
(787) 854-••••

One-time purchase · CSV download · Validation questions included

FDD download

Domino's Pizza · FDD (2026) PDF

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