Fox’s Pizza DenFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
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]. Verdict grade: D. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $137K – $425K
- 5th pct Service Resta…
- Avg gross sales
- N/A
- 28th pct Service Resta…
- Royalty
- N/A
- Units
- 198
- 45th pct Service Resta…
- SBA default
- 24.4%
- system-wide median varies by category
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-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
24.4% of SBA loans charged off across 155 loans, above the 16% franchise average.
Franchising since 1974. Systems this mature have refined operations and brand recognition.
Bottom line
- Total investment $137K – $425K including a $20K franchise fee.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict D (Below Average) with a risk score of 70/100. 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, 2010–2024).
- Bankruptcy history disclosed in the FDD. Review Item 4 for details before proceeding.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Fox’s Pizza Den, Inc.
- Incorporated in
- PA
- HQ
- 4425 William Penn Hwy., Murrysville, PA 15668
- Auditor
- Myers, Patsy & Associates, LLC
- Audited financials
- Franchisor revenue
- $1.3M
- vs $1.2M prior year
Overview
About
Franchisees operate quick-service pizza restaurants, managing food preparation, customer service, delivery logistics, and staff. Daily operations include dough preparation, pizza assembly, oven management, order fulfillment (dine-in, carryout, delivery), inventory control, and local marketing to drive top-line revenue.
- CEO
- James R. Fox III
- Headquarters
- PA
- Founded
- 1974
- FDD year
- 2025
- States available
- 19
FDD Item 7 · 2025 filing · 14 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
- Better than avg vs category
- Liquid capital req'd
- $10K – $25K
- Better than avg vs category
- Franchise fee
- $20K – $20K
- Better than avg vs category
- Royalty
- $500 per month
- Ad fund
- 1.5%
- typical 3–5%
- Total fee load
- 1.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Marketing / ad fund | 1.5% of gross sales |
| Technology fee | $0 |
| Transfer fee | $3K |
| Renewal fee | $0 |
| Total fee load | 1.5% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Full-Service Restaurants averages
How Fox’s Pizza Den Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 198
- Opened
- 8
- Last reporting year
- Closed
- 3
- Turnover rate
- 1.5%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- +2.6%
- Net unit change last year
- 3-yr CAGR
- +1.5%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 5
- Closed (3yr)
- 7
- Terminated (3yr)
- 0
- 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
Vintage analysis
Fox’s Pizza Den charge-off rate by loan vintage
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.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
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)
0 case reference(s): 0 pending, 0 settled.
Bankruptcy (Item 4)
Disclosed in last 7 years
Bankruptcy Code; (b) obtained a discharge of its debts under the bankruptcy code; or (c) was a principal officer of a company or a general partner in a partnership that either filed as a debtor (or had filed against it) a petition to start an action under the U.S. Bankruptcy Code or that obtained a
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: No
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
Score breakdown · what drove the 70 / 100 rating
- 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
- 05HIGHMinimal disclosed litigation transparency: No lawsuits disclosed may indicate outdated FDD or inadequate disclosure practices
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 | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 1 |
| Territory type | Household metrics |
| 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 | 5 days |
| Termination groundsℹ | 2 |
| Curable defaultsℹ | 3 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Pennsylvania |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 0 hrs
- On-the-job training
- 70 hrs
- Training location
- On-site and corporate
- 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 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 195 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 D-grade franchise with a risk score of 70 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.