Freshslice Pizza Franchise Cost, Revenue & Review 2026
- Investment
- $235K – $511K
- Disclosed sales
- partial, no system average
- SBA charge-off
- Not SBA-matched
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 on file does not yield a unit-revenue figure we can publish. FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: medium - issued 12 to 24 months ago; a newer filing is likely on file
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✗ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored3 of 3 headline figures on this page cite a page of the filing.
Overview
- Investment
- $235K – $511K
- 33rd pct Service Resta…
- Avg gross sales
- N/A
- Outlet subset0 outlets
- Royalty
- Not extracted
- 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 median · 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.
- RETURNSItem 19 does not yield a per-outlet annual revenue figure we can compare across brands.
- RISKVerdict C (Average), verdict score 43/100 (higher is better).
- GROWTHFlat: no net change in franchised outlets in the latest year (0 opened, 0 closed); 3 signed but not yet open (Item 20).
- 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)
- FDD Item 1, page 7 of the 2025 FDD
- Ultimate parent
- Ray J. Russell
- FDD Item 1, page 7 of the 2025 FDD
- 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
- Most recent fiscal 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 23% 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
No Item 19 revenue figure for FRESHSLICE PIZZA is on file. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one FRESHSLICE PIZZA unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for annual revenue, royalty rate, ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
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
Item 19 does not yield a per-outlet annual revenue figure we can compare across brands. We omit it from rankings.
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 median of 7.5%.
Disclosure
Item 19 does not yield a per-outlet annual revenue figure we can compare across brands.
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 medians
How Freshslice Pizza Compares
Category median of published Quick-Service Restaurants brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
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
Last fiscal year · Item 20 exits and transfers
- Terminated
- 0
- Not renewed
- 0
- Transferred
- 0
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 3
- Item 20 Table 5
- Projected new
- 16
- Franchisor's next-year forecast
- 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)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
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.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Brantley Janson
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
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.
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
- 04HIGHHigh initial investment ($235k-$511k) combined with litigation history and unclear royalty structure creates elevated franchisee default risk
- 05MINORUnknown 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 | No territory protection |
| 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
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?
Item 19 of the FRESHSLICE PIZZA FDD discloses figures for part of the system but no single average across all outlets. These are gross sales figures, not profit; the Revenue section shows what the filing reports and on what basis. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns FRESHSLICE PIZZA?
FRESHSLICE PIZZA is franchised by Freshslice USA LLC. Its parent company is Freshslice Holdings Ltd. (FHL). The ultimate parent named in the FDD is Ray J. Russell. Source: FDD Item 1, 2025 filing.
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). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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
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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.