Fox’s Pizza Den Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Fox's Pizza Den is a quick-service pizza franchise serving pizzas, its signature Wedgie sandwiches, and more for dine-in, carryout, and delivery. Franchisees run neighborhood shops managing food prep, delivery, and staffing.
FranchiseVerdict summary · 2026
A Fox’s Pizza Den franchise requires a total initial investment of $137K – $425K, including a $20K franchise fee. The 2025 FDD does not disclose unit-level revenue (no Item 19). SBA 7(a) loans show a 24.4% charge-off rate across 155 loans[1]. FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $137K – $425K
- 10th pct Service Resta…
- Avg gross sales
- N/A
- Royalty
- N/A
- Units
- 198
- 84th pct Service Resta…
- SBA charge-off
- 24.4%
- % of SBA 7(a) loans not repaid · median varies by category
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Quick-Service Restaurants avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $137K – $425K including a $20K franchise fee.
- RETURNSTotal income for FYE June 30, 2025 comprised franchise sales $103,524, franchise royalties $895,951, licensing fees $264,937, and miscellaneous income $117,880.
- RISKVerdict B (Above average), verdict score 56/100 (higher is better). SBA loan charge-off rate of 24.4% across 155 loans (well above the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
- DATANo Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Fox's Pizza Den, Inc.
- CEO title
- President
- James R. Fox III
- Incorporated in
- PA
- HQ
- 4425 William Penn Highway, Murrysville, PA 15668
- Auditor
- Myers, Patsy & Associates, LLC
- Audited financials
- Franchisor revenue
- $1.4M
- vs $1.2M prior year
Overview
About
- CEO
- James R. Fox III
- Headquarters
- PA
- Founded
- 1974
- FDD year
- 2025
- States available
- 19
Can you afford it, and what does the money buy?
Entry cost runs 57% below the typical quick-service restaurants franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown14 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $20K | $20K | |
| Initial New Store Grand Opening feenot refundable | $8K | $8K | |
| Site Consulting/Project Management Fee | $8K | $8K | |
| Lease & Utilities deposits | $1K | $7K | |
| Leasehold Improvements, Construction and/or Remodeling | $25K | $150K | |
| Furniture, Fixtures and Equipment | $40K | $135K | |
| Real Estate/Rent | $2K | $7K | |
| Signage | $4K | $15K | |
| Business Licenses and Permits | $3K | $15K | |
| Initial Inventory | $11K | $25K | |
| Advertising | $2K | $5K | |
| Computer System | $850 | $2K | |
| Insurance | $3K | $4K | |
| Additional Funds - 3 months | $10K | $25K | |
| Total initial investment | $137K | $425K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $137K – $425K
- Top 40% of category vs category
- Liquid capital req'd
- $10K – $25K
- Top 40% of category vs category
- Franchise fee
- $20K – $20K
- Top 40% of category vs category
- Royalty
- $500 per month (increases to $600/month upon renewal); se…
- Ad fund
- 1.5%
- typical 3–5%
- Total fee load
- 1.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty (flat) | $500 per month for initial term; $600 per month upon renewal |
| Marketing / ad fund | 1.5% of gross sales |
| Technology fee | $0 |
| Training fee | $8K |
| Transfer fee | $3K |
| Renewal fee | $0 |
| Inventory (initial) | $11K – $25K |
| Total fee load | 1.5% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Fox’s Pizza Den did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Fox’s Pizza Den unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
36%
Within the 30–60% "attractive franchise" band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
Total income for FYE June 30, 2025 comprised franchise sales $103,524, franchise royalties $895,951, licensing fees $264,937, and miscellaneous income $117,880.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 1.5% — below the Quick-Service Restaurants average of 7.9%.
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Operator retention
System roughly stable (+1.5% 3-year CAGR) with 198 units.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Quick-Service Restaurants averages
How Fox’s Pizza Den Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 198
- Opened
- 8
- Last reporting year
- Closed
- 2
- Terminated
- 1
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 1.5%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- +1.5%
- Net unit change over 3 years
- 3-yr CAGR
- +1.5%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 8
- Closed (3yr)
- 2
- Terminated (3yr)
- 1
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 9
- Reacquired (3yr)
- 0
- Franchisor bought back
- Ceased ops
- 3.6%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 14 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
- 155
- Loan volume
- $15.6M
- Median loan
- $74K
- 50th percentile
- Charge-off rate
- 24.4%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 75.6%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 67
- Defaults
- 33
- Typical loan rate
- 7.0%
- avg rate to borrowers
- vs industry
- N/A
- NAICS 7222
- Jobs supported
- 1,359
- 8.7 per loan
- Lender concentration
- 19%
- top lender's share
Borrower mix: 0% went to startups / new businesses, 100% to established operators
Vintage analysis
Fox’s Pizza Den charge-off rate by loan vintage
Top lenders financing Fox’s Pizza Den franchisees
Showing 3 of 67 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
Explore lender portfolios on Bank Reports or regional data on State Reports.
A 24.4% charge-off rate means roughly 1 in 4 franchisees failed to repay their SBA loan. Investigate what changed.
What could kill this investment?
SBA loans charge off at 24.4% — 53% above the 16.0% national norm, i.e. higher lender-observed risk.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Fox's Pizza Den shows stagnant growth, opaque financials, and a royalty structure misaligned with franchisee success, suggesting moderate-to-high execution risk without proven unit economics.
Litigation (Item 3)
No litigation required to be disclosed in Item 3
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Myers, Patsy & Associates, LLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 56 / 100 verdict
- 01MINORDeclining unit count: 198 units represents only 2.6% YoY growth, indicating stagnation in a mature pizza market
- 02MINORNo Item 19 financial disclosure: Franchisor refuses to disclose average unit volumes or net income, preventing ROI verification
- 03MINORHigh investment-to-royalty ratio: $136,600–$424,500 startup cost against only $500/month royalty suggests weak franchisor support model and reliance on franchise fees for revenue
- 04MINORShort 5-year term: Unusually brief renewal cycle creates reinvestment uncertainty and limits long-term planning
- 05MEDMinimal disclosed litigation transparency: No lawsuits disclosed may indicate outdated FDD or inadequate disclosure practices
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 1.5% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 1 |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 5 days |
| Termination groundsℹ | 2 |
| Curable defaultsℹ | 3 |
| Mandatory arbitration | Yes |
| Arbitration location | Franchisor's headquarters (Murrysville, PA) |
| Jury trial waiver | Yes |
| Governing law | PA |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed in Item 3
Items 10, 11
Training & Operations
- Classroom training
- 0 hrs
- On-the-job training
- 70 hrs
- Training location
- Franchisee's retail store
- Ongoing training
- Required
- Time to open
- 4 mo
- From signing to launch
- Site selection
- Franchisee selects site, franchisor approves
- Franchisor financing
- Not offered
- Item 10
- POS system
- ArrowPOS
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: ArrowPOS
Item 20 · call current owners
Franchisee Contacts
100 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Fox’s Pizza Den · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Fox’s Pizza Den franchise?
The total investment to open a Fox’s Pizza Den franchise ranges from $137K – $425K, with an initial franchise fee of $20K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Fox’s Pizza Den franchise owners earn?
Fox’s Pizza Den does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the Fox’s Pizza Den FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Fox’s Pizza Den FDD and qualifies whose outlets they describe.
What is Fox’s Pizza Den's franchise failure rate?
Based on SBA 7(a) loan data, Fox’s Pizza Den has a charge-off rate of 24.4% across 155 loans, meaning 24.4% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many Fox’s Pizza Den franchise locations are there?
As of their most recent FDD filing, Fox’s Pizza Den has 198 total units in the United States, including 198 franchised units and 0 company-owned units. 8 new units were opened in the latest reporting year.
Is Fox’s Pizza Den a good franchise to buy?
FranchiseVerdict rates Fox’s Pizza Den as a B-grade franchise with a verdict score of 56 out of 100 (higher is better), 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.
For franchisors
Are you the franchisor?
If you represent Fox’s Pizza Den, you can request corrections or provide updated information.
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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.