Bottom line
- Total investment $1.0M – $1.3M including a $30K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 55/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
- Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
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 MOD Pizza unit return on the cash you put in?
Unlevered ROIC · per unit
7%
Below typical band (30–60%)
Overview
About
MOD Pizza franchisees operate fast-casual restaurants where customers customize wood-fired pizzas from a build-your-own menu model. Daily operations include staffing a kitchen and front-counter service, managing inventory of fresh ingredients, maintaining wood-fired ovens, handling POS systems, and driving local marketing to compete in a crowded QSR segment.
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 · 13 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
MOD Pizza presents moderate-to-cautionary risk due to non-transparent financial performance, anemic unit growth, and high capital requirements without clear profit visibility.
Score breakdown · what drove the 55 / 100 rating
- 01MEDFinancial performance metrics (revenue and net income) not disclosed in FDD Item 19, preventing accurate ROI assessment
- 02MEDExtremely slow unit growth of only 1.2% YoY suggests market saturation, franchise appeal decline, or system maturation without expansion
- 03MEDHigh initial investment ($1M+) combined with undisclosed profitability creates significant downside risk with unclear payback period
- 04MINOR5% royalty on gross weekly revenue (not net profit) means franchisees pay during loss-making periods
- 05MEDNo disclosed average unit volumes makes it impossible to validate the 5% royalty burden relative to actual earnings
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
87 numbers
One-time purchase · CSV download · Validation questions included
FDD download
MOD Pizza · FDD (2024) PDF