FranchiseVerdict
Monical's Pizza logo
FV-01672·MODERATEStandard76

Monical's Pizza

Food & Beverage - Full ServiceFranchising since 1982Website
Investment
$488K – $1.1M
64th pct Full Service
Avg revenue
57th pct Full Service
Royalty
4.0%
6th pct Full Service
Units
58
74th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $488K – $1.1M including a $45K franchise fee, 4.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 57/100. SBA loan default rate of 0.0% across 169 loans (below the industry average).
  • System contracting at -10.3% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Monical Pizza Corporation
Incorporated in
Illinois
HQ
530 N. Bradley Blvd., Bradley, Illinois 60915
Auditor
Baker Tilly US, LLP
Audited financials
Franchisor revenue
$46.8M
vs $46.6M 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 Monical'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: $488K–$1.1M
Working capital
$
FDD reports $100K–$200K

Unlevered ROIC · per unit

12%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$120K
EBITDA margin
16.0%
Total invested
$960K
Payback
96 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 quick-service pizza restaurants serving dine-in, carryout, and delivery customers. Daily operations include food preparation, staff management, inventory control, and customer service while adhering to brand standards and paying 4% royalties on gross sales.

CEO
Janelle L. Reents
Founded
1982
FDD year
2025
States available
4

Item 7 · what it costs

The Vitals

Total investment
$488K – $1.1M
All-in to open one unit
Liquid capital
$100K – $200K
Cash you must have on hand
Franchise fee
$45K
Royalty
4.0%
typical 6–8%
Ad fund
n/d
Total fee load
4.0%
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
58
Opened
0
Last reporting year
Closed
1
Turnover rate
1.7%
Company-owned
32
Corporate units in the system
% franchised
45%
vs corporate-owned
Multi-unit owners
66.7%
Net growth (yr3)
-3.7%
Net unit change last year
3-yr CAGR
-10.3%
Compounded over last 3 years
2023
26-1
Franchised units
2024
27
Franchised units
2025
29
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 5 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 · 5 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
169
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

57
Risk · 0-100
MODERATE57 / 100

Monical's presents elevated risk due to shrinking unit count, opaque financials, high capital requirements, and unprotected territories—typical of a mature/declining regional brand unable to justify investment without transparent performance data.

Score breakdown · what drove the 57 / 100 rating

  1. 01MINORUnit count declining 3.7% YoY (58 units) suggests system contraction and potential franchisee dissatisfaction
  2. 02MEDNo average revenue or net income disclosure (missing Item 19) prevents accurate ROI calculation and profitability assessment
  3. 03MEDHigh initial investment range ($487.5K–$1.13M) with no disclosed average returns creates significant financial risk
  4. 04MINORUnprotected territory exposes franchisees to direct competition from other Monical's locations and system cannibalization
  5. 05MINOR5-year term is shorter than industry standard (10 years typical), limiting franchisee ability to recoup investment
  6. 06MED4% royalty plus undisclosed marketing/operational fees could consume 8-12% of gross sales, severely impacting margins

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Area of Primary Responsibility
Protected territory
No
Initial term
5 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Illinois

Item 11

Training & Operations

Classroom training
90 hrs
On-the-job training
226 hrs
POS system
Pizza Director by FoodTec POS Software
Operating tech stack

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

59 numbers

Locked
(309) 527-••••
Rt.
IL
(812) 235-••••
IN
(217) 234-••••
IL

One-time purchase · CSV download · Validation questions included

FDD download

Monical's Pizza · FDD (2025) PDF

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