Just Pizza & Wing Co.
Bottom line
- Total investment $253K – $393K 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 CAUTION with a risk score of 72/100. SBA loan default rate of 0.0% across 2 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 JUST PIZZA & WING CO. unit return on the cash you put in?
Unlevered ROIC · per unit
25%
Below typical band (30–60%)
Overview
About
Franchisees operate quick-service pizza and wing restaurants, managing food preparation, order fulfillment, customer service, and daily P&L in a compact footprint. Day-to-day responsibilities include inventory management, staff scheduling, quality control, and local marketing within 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 12 · 1 state reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
1
states with franchisees (per FDD Item 12)
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
A contracting 10-unit pizza/wing system with going concern questions, zero financial disclosure, and no demonstrable franchisee profitability creates severe investment risk despite a modest royalty rate.
Score breakdown · what drove the 72 / 100 rating
- 01MEDSystem contracting sharply: 10 units with -9.1% YoY decline indicates shrinking franchise network
- 02HIGHGoing concern status is FALSE: Franchisor may have financial viability issues or operational instability
- 03MEDNo financial transparency: Average revenue and net income not disclosed in FDD Item 19, preventing ROI validation
- 04MEDHigh initial investment ($252k-$393k) with no disclosed profitability benchmarks creates unquantifiable risk
- 05MINORExtremely small unit count (10 locations) suggests brand lacks scale, market presence, and system maturity
- 06MED4% royalty on undisclosed sales makes it impossible to model franchisor support sustainability
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
JUST PIZZA & WING CO. · FDD (2025) PDF