Freshslice Pizza Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
FreshSlice Pizza is a quick-service pizza franchise serving pizzas by the slice and whole, plus wings and salads. Franchisees run shops managing food prep, counter service, and staffing.
FranchiseVerdict summary · 2026
A FRESHSLICE PIZZA franchise requires a total initial investment of $235K – $511K, including a $13K – $55K franchise fee. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $235K – $511K
- 34th pct Service Resta…
- Avg gross sales
- N/A
- Outlet subsetProjection0 outlets
- Royalty
- N/A
- Units
- 0
- 0th pct Service Resta…
- SBA charge-off
- N/A
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 $235K – $511K including a $55K franchise fee.
- RETURNSRevenues, net of $16,557 for FY ended Dec 31, 2024; $0 in initial period ended Dec 31, 2023. Other income (interest income) of $4,389 reported separately. Freshslice USA LLC is the US subsidiary of Freshslice Holdings Ltd.
- RISKVerdict C (Average), verdict score 43/100 (higher is better).
- LEGAL15 litigation matters disclosed in Item 3, higher than typical. Review the summary for patterns (franchisor-initiated vs. franchisee-initiated).
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Freshslice USA LLC
- Parent company
- Freshslice Holdings Ltd. (FHL)
- Ultimate parent
- Ray J. Russell
- CEO title
- Director and Chief Executive Officer
- Ray J. Russell
- CEO experience
- 25 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- DE
- HQ
- 1610 Ingleton Avenue, Burnaby, British Columbia, V5C 5R9
- Auditor
- Brantley Janson
- Audited financials
- Franchisor revenue
- $17K
- vs $0 prior year
Affiliated brands
- RF Franchising
Other brands the franchisor or its parent operates (Item 1).
Overview
About
- CEO
- Ray J. Russell
- Headquarters
- WA
- Founded
- 1999
- FDD year
- 2025
- States available
- 0
Can you afford it, and what does the money buy?
Entry cost runs 43% below the typical quick-service restaurants franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown20 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| License Fee | $25K | $25K | |
| Training Feenot refundable | $10K | $10K | |
| Site Analysis & Lease Negotiation Feenot refundable | $10K | $10K | |
| Administration Feenot refundable | $10K | $10K | |
| Consulting and Inspection Fee | $15K | $15K | |
| Lease Admin Charge | $250 | $10K | |
| Leasing of Premises (per month) | $3K | $14K | |
| Travel, Lodging, Food and Auto Rental for Training | $250 | $4K | |
| Deposit for Lease | $5K | $15K | |
| Equipment, fixtures, and leasehold improvements | $113K | $308K | |
| Signage | $5K | $10K | |
| POS system | $6K | $7K | |
| POS fee (3 months) | $750 | $750 | |
| Inventory and Supplies | $5K | $12K | |
| Insurance | $800 | $1K | |
| Licenses | $3K | $10K | |
| Utilities | $1K | $2K | |
| Grand opening | $10K | $10K | |
| Professional Fees (lawyers, accountants, business advisors) | $1K | $8K | |
| Additional funds - 3 months | $12K | $30K | |
| Total initial investment | $235K | $511K |
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
- $235K – $511K
- Top 40% of category vs category
- Liquid capital req'd
- $12K – $30K
- Top 40% of category vs category
- Franchise fee
- $13K – $55K
- Bottom third — review vs category
- Royalty
- No standard ongoing royalty on gross sales. Only a 10% ro…
- Ad fund
- No brand fund currently established. Franchisee must spen…
- Total fee load
- 11.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Technology fee | $250 |
| Training fee | $10K |
| Transfer fee | $55K |
| Renewal fee | $3K |
| Inventory (initial) | $5K – $12K |
| Total fee load | 11.0% of rev |
What do units actually make?
Source: FDD 2025 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
FRESHSLICE PIZZA 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 FRESHSLICE PIZZA unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
25%
Below 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
Revenues, net of $16,557 for FY ended Dec 31, 2024; $0 in initial period ended Dec 31, 2023. Other income (interest income) of $4,389 reported separately. Freshslice USA LLC is the US subsidiary of Freshslice Holdings Ltd.
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 11.0% — above the Quick-Service Restaurants average of 7.9%.
Disclosure
Item 19 reports forecast rather than annual gross sales, so unit revenue is not directly comparable.
Operator retention
Net unit growth of +46.0% over 3 years (0 opened, 0 closed).
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 Freshslice Pizza Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 0
- Opened
- 0
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.8%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 98%
- vs corporate-owned
- Net growth (3-yr)
- +46.0%
- Net unit change over 3 years
- 3-yr CAGR
- +86.8%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 0
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Transfer rate
- 5.4%
- Owners selling to other franchisees
- Termination rate
- 0.8%
- Franchisor-initiated terminations
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Aggressive growth (46% YoY), multiple active litigation cases involving franchisee disputes, unclear royalty/revenue structure, and absent going concern disclosure indicate substantial operational and financial risk despite solid average unit economics.
Litigation (Item 3)
All litigation involves Canadian affiliates (RF Franchising Inc, RFSP Equipment and Operating Inc, Freshslice Holdings Ltd, A&M Enterprise Ltd), not the US franchisor (Freshslice USA LLC). Primarily rebranding breaches by former franchisees, promissory note defaults, and franchisee counterclaims for breach of duty.
Largest disclosed settlement: $342,435
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Brantley Janson
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
Score breakdown · what drove the 43 / 100 verdict
- 01HIGHMultiple pending and past litigation involving rebranding breaches, franchise agreement violations, and unpaid promissory notes—primary concern is franchisor enforcement inconsistency and franchisee disputes over obligations
- 02MINOR46% YoY unit growth appears unsustainable and may mask underlying franchisee churn; typical mature pizza franchises grow 5-15% YoY, suggesting aggressive recruitment or accounting anomalies
- 03MINOR10% royalty on non-core items only is vague and suggests potential revenue recognition disputes; unclear what constitutes 'non-core' and how franchisor audits compliance
- 04MINORNo 'Going Concern' disclosure is FALSE—this is a critical red flag indicating potential financial instability at the corporate level or accounting irregularities
- 05HIGHHigh initial investment ($235k-$511k) combined with litigation history and unclear royalty structure creates elevated franchisee default risk
- 06MINORUnknown franchise term length is unusual and suggests either unstable agreement terms or lack of transparency in franchise disclosure
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 11.0% 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
| Allowed renewalsℹ | 1 |
|---|---|
| Territory type | none |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 5 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 3 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 1 |
| Mandatory arbitration | Yes |
| Arbitration location | Seattle, Washington |
| Governing law | WA |
| Litigation count | 15 |
View Item 3 litigation summary
All litigation involves Canadian affiliates (RF Franchising Inc, RFSP Equipment and Operating Inc, Freshslice Holdings Ltd, A&M Enterprise Ltd), not the US franchisor (Freshslice USA LLC). Primarily rebranding breaches by former franchisees, promissory note defaults, and franchisee counterclaims for breach of duty.
Items 10, 11
Training & Operations
- Classroom training
- 24 hrs
- On-the-job training
- 96 hrs
- Training location
- Vancouver, B.C. Canada
- Ongoing training
- Required
- Field support
- 96 hrs/yr
- On-site visits per year
- Time to open
- 9 mo
- From signing to launch
- Site selection
- Franchisee selects, Franchisor approves
- Franchisor financing
- Not offered
- Item 10
- POS system
- Snappy Innovations, Inc.
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Snappy Innovations, Inc.
Item 20 · call current owners
Franchisee Contacts
151 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
FRESHSLICE PIZZA · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a FRESHSLICE PIZZA franchise?
The total investment to open a FRESHSLICE PIZZA franchise ranges from $235K – $511K, with an initial franchise fee of $55K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do FRESHSLICE PIZZA franchise owners earn?
FRESHSLICE PIZZA 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 FRESHSLICE PIZZA 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 FRESHSLICE PIZZA FDD and qualifies whose outlets they describe.
What is FRESHSLICE PIZZA's franchise failure rate?
SBA 7(a) loan charge-off data is not available for FRESHSLICE PIZZA (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
Is FRESHSLICE PIZZA a good franchise to buy?
FranchiseVerdict rates FRESHSLICE PIZZA as a C-grade franchise with a verdict score of 43 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 FRESHSLICE PIZZA, you can request corrections or provide updated information.
Other Quick-Service Restaurants franchises
Compare similar franchise opportunities in the Quick-Service Restaurants category
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.