Glass Nickel Pizza Co.
Formerly known as GNC Independents
Bottom line
- Total investment $933K – $1.7M including a $25K franchise fee, 4.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 57/100. SBA loan default rate of 0.0% across 19 loans (below the industry average).
- No 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
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 Glass Nickel Pizza Co. unit return on the cash you put in?
Unlevered ROIC · per unit
6%
Below typical band (30–60%)
Overview
About
Franchisees operate fast-casual or casual-dining pizza restaurants under the Glass Nickel brand, handling daily kitchen operations, staff management, inventory control, and customer service. Day-to-day responsibilities include food preparation, quality control, POS management, and local marketing to drive foot traffic and delivery orders.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 4 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 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.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Glass Nickel presents meaningful investment risk due to undisclosed financials, minimal system scale, going concern questions, and territorial vulnerability despite a respectable 4% royalty rate.
Score breakdown · what drove the 57 / 100 rating
- 01MINORNo financial performance disclosure (Item 19) — cannot validate ROI or profitability claims
- 02HIGHGoing Concern status is FALSE — suggests potential financial instability at corporate level
- 03MINOROnly 9 units systemwide — extremely small franchise system with unproven scalability
- 04MINORUnprotected territory — franchisees face direct competition from other brand locations
- 05MINORHigh initial investment ($933K–$1.7M) relative to system size and lack of performance data
- 06MINORUnknown unit growth trajectory — no visibility into system momentum or franchisee success rates
- 07MED5-year term is relatively short — limited runway to recoup investment before renegotiation
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
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
10 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Glass Nickel Pizza Co. · FDD (2025) PDF