Bottom line
- Total investment $9K – $644K including a $0 franchise fee.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated STRONG with a risk score of 54/100. SBA loan default rate of 0.0% across 169 loans (below the industry average).
- System growing at 57.3% CAGR over 3 years with 170 total units — strong expansion trajectory.
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 Hangar 54 Pizza unit return on the cash you put in?
Unlevered ROIC · per unit
20%
Below typical band (30–60%)
Overview
About
Hangar 54 Pizza franchisees operate quick-service pizza restaurants, typically managing food preparation, point-of-sale operations, inventory management, and customer service. Day-to-day responsibilities include staff scheduling, quality control, local marketing execution, and vendor relations to maintain consistent product delivery across their protected territory.
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 · 19 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
Hangar 54 Pizza exhibits moderate-to-high risk due to non-disclosure of unit economics, extreme investment variance, zero royalty model, and rapid growth without transparent profitability validation.
Score breakdown · what drove the 54 / 100 rating
- 01MINORNo financial performance disclosure (Item 19) — cannot validate claimed 27.6% YoY growth or actual profitability
- 02MINORExtreme investment range variance ($9K–$643.5K, 71x difference) suggests inconsistent unit economics or undefined territory model
- 03MINORZero royalty model raises sustainability questions about franchisor support, marketing fund, and long-term reinvestment capacity
- 04MEDRapid unit expansion (27.6% YoY) without disclosed profitability metrics suggests possible low-barrier-to-entry saturation risk
- 05MEDNo term length disclosed — unclear franchise duration, renewal terms, and long-term commitment expectations
- 06HIGHGoing Concern status False but financial transparency absent — cannot independently verify viability claims
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
62 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Hangar 54 Pizza · FDD (2025) PDF