Jet’s Pizza Franchise Cost, Revenue & Review 2026
- Investment
- $628K – $843K
- Disclosed sales
- not disclosed
- SBA charge-off
- 3.7%
- on 173 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Jet's Pizza is a quick-service pizza franchise known for its Detroit-style square, deep-dish pizza. Franchisees run stores for carryout and delivery, managing food prep, staffing, and local marketing.
FranchiseVerdict summary · 2026
A Jet’s Pizza franchise requires a total initial investment of $628K – $843K, including a $15K – $30K franchise fee and an ongoing 12.0% royalty[2]. This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. SBA 7(a) loans show a 3.7% charge-off rate across 173 loans[1]. FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: low - issued within the last 12 months
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 scored4 of 5 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $628K – $843K
- 83rd pct Service Resta…
- Avg gross sales
- N/A
- Royalty
- 12.0%
- 95th pct Service Resta…
- Units
- 474
- 89th pct Service Resta…
- SBA charge-off
- 3.7%
- % of SBA 7(a) loans not repaid · median varies by category
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 $628K – $843K including a $30K franchise fee, 12.0% ongoing royalty.
- RETURNSThis franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
- RISKVerdict A (Strongest tier), verdict score 76/100 (higher is better). SBA loan charge-off rate of 3.7% across 173 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
- GROWTHPositive: net +19 franchised outlets in the latest year (22 opened, 3 closed); 11 signed but not yet open (Item 20).
- DATAThis franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Jet's America, Inc.
- CEO title
- President
- John Jetts
- CEO experience
- 46 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- Michigan
- HQ
- 37501 Mound Road, Sterling Heights, Michigan 48310
- Auditor
- BDO USA, P.C.
- Audited financials
- Franchisor revenue
- $34.6M
- vs $30.8M prior year
Affiliated brands
- is JAI Productions
Other brands the franchisor or its parent operates (Item 1).
Overview
About
- CEO
- John Jetts
- Headquarters
- Michigan
- Founded
- 1990
- FDD year
- 2026
- States available
- 21
Can you afford it, and what does the money buy?
Entry cost runs 51% above the typical quick-service restaurants franchise.
Source: FDD 2026 · Items 5–7
Full Item 7 breakdown13 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $15K | $30K | |
| Travel and living expenses while training | $9K | $15K | |
| Security deposit | $4K | $10K | |
| Rent - 3 months | $8K | $20K | |
| Blueprints | $10K | $15K | |
| Leasehold improvements | $300K | $400K | |
| Fixtures and equipment | $175K | $225K | |
| POS System | $20K | $30K | |
| Computer maintenance costs | $2K | $2K | |
| Miscellaneous opening costs | $3K | $6K | |
| Opening inventory | $12K | $14K | |
| Insurance | $10K | $16K | |
| Working Capital/Additional funds - 3 months | $60K | $60K | |
| Total initial investment | $627K | $843K |
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
- $628K – $843K
- Bottom third — review vs category
- Liquid capital req'd
- $60K – $60K
- Bottom third — review vs category
- Franchise fee
- $15K – $30K
- Top 40% of category vs category
- Royalty
- 12.0%
- typical 6–8%
- Ad fund
- 5.0%
- typical 3–5%
- Total fee load
- 22.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 12.0% |
| Marketing / ad fund | 5.0% |
| Training fee | $1K |
| Transfer fee | $6K |
| Renewal fee | $4K |
| Inventory (initial) | $12K – $14K |
| Total fee load | 22.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Jet’s Pizza makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. 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 Jet’s 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, 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: 2026 FDD
Financial Performance
No financial performance representation
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
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 22.0% — above the Quick-Service Restaurants median of 7.5%.
Disclosure
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Operator retention
System expanding at 9.4% CAGR over 3 years across 474 units — operators are staying and new ones are joining.
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 Jet’s 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 2026 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 474
- Opened
- 22
- Last reporting year
- Closed
- 3
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.7%
- Company-owned
- 61
- Corporate units in the system
- % franchised
- 87%
- vs corporate-owned
- Net growth (3-yr)
- +9.4%
- Net unit change over 3 years
- 3-yr CAGR
- +9.4%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 0
- Not renewed
- 0
- Transferred
- 6
- Reacquired
- 3
- Franchisor bought back
- Signed, not yet open
- 11
- 0.02 per open outlet · Item 20 Table 5
- Projected new
- 25
- Franchisor's next-year forecast
- Transfer rate
- 3.1%
- Owners selling to other franchisees
- Continuity rate
- 100.0%
- Units that stayed open
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 6 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.
Where the owners are · Item 20 owner list
99 current owners across 6 states.
- FL 39
- IL 30
- CO 13
- GA 10
- AZ 6
- MI 1
Counts only, from the list the franchisor prints in Item 20; 1 entries carry no state. Names and phone numbers are for your own due diligence and are not shown here.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 173
- Loan volume
- $53.8M
- Median loan
- $224K
- 50th percentile
- Charge-off rate
- 3.7%
- on 173 loans · 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)
- 96.3%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 51
- Defaults
- 4
- Typical loan rate
- 6.0%
- avg rate to borrowers
- Franchised industry avg
- 21.5%
- brand beats franchise avg ↓
- Jobs supported
- 775
- 7.5 per loan
- Lender concentration
- 24%
- top lender's share
Franchise vs independent — in limited-service restaurants, franchised businesses charge off at 21.5% vs 25.0% for independents — franchising is associated with 14% lower SBA default risk in this category.
Vintage analysis
Jet’s Pizza charge-off rate by loan vintage
Top lenders financing Jet’s Pizza franchisees
Showing 3 of 51 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Lender network · 7(a) + 504
SBA Lending Report
Full lending analysis for Jet’s Pizza from SBA 7(a) FOIA data.
- Principal loss rate
- 0.0%
- Avg SBA guarantee
- 69%
- Avg interest rate
- 5.97%
- Lender concentration
- 24.0%
- Job velocity
- 7.5 per $100K
- NAICS benchmark
- 15.7%
- NAICS 722211
- Jobs supported
- 775
Top SBA lendersTop lender holds 24% of loans
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | The Huntington National Bank | 12 | $1.8M | 0.0% |
| 2 | PNC Bank, National Association | 7 | $1.1M | 0.0% |
| 3 | JPMorgan Chase Bank, National Association | 5 | $1.4M | 0.0% |
| 4 | Pinnacle Bank | 4 | $1.4M | 0.0% |
| 5 | Macatawa Bank, National Association | 3 | $847K | 0.0% |
| 6 | Coastal States Bank | 3 | $831K | 0.0% |
| 7 | Fifth Third Bank | 2 | $290K | 0.0% |
| 8 | Popular Bank | 2 | $459K | 0.0% |
| 9 | Ameris Bank | 2 | $704K | 0.0% |
| 10 | BANKWEST | 2 | $285K | 0.0% |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| MIMichigan | 30 | 0 | 0.0% |
| TNTennessee | 4 | 0 | 0.0% |
| GAGeorgia | 3 | 0 | 0.0% |
| MNMinnesota | 3 | 0 | 0.0% |
| ILIllinois | 2 | 0 | 0.0% |
| KYKentucky | 2 | 0 | 0.0% |
| ALAlabama | 1 | 0 | 0.0% |
| FLFlorida | 1 | 0 | 0.0% |
| OHOhio | 1 | 0 | 0.0% |
| SCSouth Carolina | 1 | 0 | 0.0% |
SBA 7(a) lending trend
Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict
What could kill this investment?
SBA loans charge off at 3.7% — 77% below the 16.0% national norm, i.e. lower lender-observed risk.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Jet's Pizza presents moderate-to-caution risk: the franchise lacks transparency on unit economics (no Item 19), shows modest growth, carries litigation history, and imposes aggressive royalty structures that could strain profitability.
Litigation (Item 3)
Subject: the franchisor is a named party (defendant).
Two disclosed cases: (1) Gregory Joseph Fekin v. Members of Kentucky #3, LLC, et al. (Macomb County Circuit Court, 2021-001643-CB) - breach of contract claim re: promissory note, settled confidentially for $222,250, dismissed Dec 2022; (2) Robert McDonald v. Jet's America, Inc. (Cook County, IL, 2021 CH 00658) - putative class action alleging violations of Illinois Biometric Information Privacy Act (employee thumbprint timekeeping), settled for $9,500 total in 2022.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · BDO USA, P.C.
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 76 / 100 verdict
- 01MINORModest unit growth of 6.8% YoY suggests market saturation or franchisee satisfaction concerns in mature 450-unit system
- 02HIGHTwo litigation settlements (breach of contract and BIPA class action) indicate operational/legal compliance gaps
- 03MINORHigh royalty burden of 12% on acquired inventory PLUS $1,200/month minimum creates cash flow pressure on thin QSR margins
- 04MINOR10-year term with $30K fee is reasonable but risk is compounded by lack of transparent financial benchmarking
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 22.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2026 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 1 mi |
| Online sales rightsℹ | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 3 years |
| Non-compete (miles)ℹ | 5 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 27 |
| Curable defaultsℹ | 6 |
| Mandatory arbitration | Yes |
| Arbitration location | Southfield, Michigan |
| Jury trial waiver | No |
| Governing law | Michigan |
| Litigation count | 2 |
View Item 3 litigation summary
Two disclosed cases: (1) Gregory Joseph Fekin v. Members of Kentucky #3, LLC, et al. (Macomb County Circuit Court, 2021-001643-CB) - breach of contract claim re: promissory note, settled confidentially for $222,250, dismissed Dec 2022; (2) Robert McDonald v. Jet's America, Inc. (Cook County, IL, 2021 CH 00658) - putative class action alleging violations of Illinois Biometric Information Privacy Act (employee thumbprint timekeeping), settled for $9,500 total in 2022.
Items 10, 11
Training & Operations
- Classroom training
- 20 hrs
- On-the-job training
- 298 hrs
- Training location
- Affiliate locations in Michigan
- Ongoing training
- Required
- Field support
- 24 hrs/yr
- On-site visits per year
- Time to open
- 10 mo
- From signing to launch
- Site selection
- franchisee
- Franchisor financing
- Not offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
100 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 Jet’s Pizza franchise?
The total investment to open a Jet’s Pizza franchise ranges from $628K – $843K, with an initial franchise fee of $30K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Jet’s Pizza franchise owners earn?
Jet’s Pizza makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns Jet’s Pizza?
Jet’s Pizza is franchised by Jet's America, Inc.. Source: FDD Item 1, 2026 filing.
What is Item 19 in the Jet’s 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 Jet’s Pizza FDD and qualifies whose outlets they describe.
What is Jet’s Pizza's franchise failure rate?
Based on SBA 7(a) loan data, Jet’s Pizza has a charge-off rate of 3.7% across 173 loans, meaning 3.7% 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 Jet’s Pizza franchise locations are there?
As of their most recent FDD filing, Jet’s Pizza has 474 total units in the United States, including 413 franchised units and 61 company-owned units. 22 new units were opened in the latest reporting year.
Is Jet’s Pizza a good franchise to buy?
FranchiseVerdict rates Jet’s Pizza as a A-grade franchise with a verdict score of 76 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.