FranchiseVerdict
Jet’s Pizza logo
FV-01353·STRONGExcellent86

Jet’s Pizza

Food & Beverage - Full ServiceFranchising since 1990Website
Investment
$573K – $786K
72nd pct Full Service
Avg revenue
57th pct Full Service
Royalty
12.0%
92nd pct Full Service
Units
450
94th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $573K – $786K including a $30K franchise fee, 12.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated STRONG with a risk score of 46/100. SBA loan default rate of 0.0% across 167 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

Legal entity
Jet’s America, Inc.
Incorporated in
Michigan
HQ
37501 Mound Road, Sterling Heights, Michigan 48310
Auditor
BDO USA, P.C.
Audited financials
Franchisor revenue
$28.5M
vs $27.8M prior year

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 Jet’s Pizza unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $573K–$786K
Working capital
$
FDD reports $60K–$60K

Unlevered ROIC · per unit

8%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$60K
EBITDA margin
8.0%
Total invested
$739K
Payback
148 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

Franchisees operate a Jet's Pizza location, managing daily counter/delivery operations for a Detroit-style square pizza concept. Day-to-day responsibilities include inventory management, labor scheduling, food preparation oversight, customer service, delivery logistics, and local marketing while remitting 12% royalties on acquired inventory plus a $1,200 monthly minimum to the franchisor.

CEO
John Jetts
Founded
1990
FDD year
2025
States available
22

Item 7 · what it costs

The Vitals

Total investment
$573K – $786K
All-in to open one unit
Liquid capital
$60K – $60K
Cash you must have on hand
Franchise fee
$30K
Royalty
12.0%
Percentage of Acquired Inventory · typical 6–8%
Ad fund
Up to 10% of Acquired Inventory when combined with Techno…
Total fee load
22.0%
vs 9–13% typical

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

Total units
450
Opened
27
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
56
Corporate units in the system
% franchised
88%
vs corporate-owned
Net growth (yr3)
+6.8%
Net unit change last year
3-yr CAGR
+9.4%
Compounded over last 3 years
2023
394+25
Franchised units
2024
369
Franchised units
2025
360
Franchised units

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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 6 states
Not registered

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.

Total loans
167
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

46
Risk · 0-100
STRONG46 / 100

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.

Score breakdown · what drove the 46 / 100 rating

  1. 01MEDNo Item 19 (Average Unit Volume) disclosed — unable to assess realistic ROI or payback period on $572.5K-$786K investment
  2. 02MINORModest unit growth of 6.8% YoY suggests market saturation or franchisee satisfaction concerns in mature 450-unit system
  3. 03HIGHTwo litigation settlements (breach of contract and BIPA class action) indicate operational/legal compliance gaps
  4. 04MINORHigh royalty burden of 12% on acquired inventory PLUS $1,200/month minimum creates cash flow pressure on thin QSR margins
  5. 05MINOR10-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

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
2
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
5 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Michigan

Item 11

Training & Operations

Classroom training
20 hrs
On-the-job training
298 hrs

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

100 numbers

Locked
(586) 268-••••
Mound Road, Sterling Heights, Michigan
MI
(239) 799-••••
FL
(773) 784-••••
IL

One-time purchase · CSV download · Validation questions included

FDD download

Jet’s Pizza · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above