Perri's PizzeriaFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Perri's Pizzeria franchise requires a total initial investment of $267K – $734K, including a $20K franchise fee. The 2025 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: F. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $267K – $734K
- 51st pct Service Resta…
- Avg gross sales
- N/A
- 59th pct Service Resta…
- Royalty
- N/A
- Units
- 9
- 33rd pct Service Resta…
- SBA default
- 100.0%
- system-wide median varies by category
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = >15% above Quick-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- Total investment $267K – $734K including a $20K franchise fee.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict F (Bottom Quintile) with a risk score of 87/100.
- 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
- Perri Franchising, Inc.
- Ultimate parent
- Michael Perri (sole shareholder)
- CEO title
- President and Chief Executive Officer and Director
- Michael Perri
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- NY
- HQ
- 1844 Penfield Road, Penfield, New York 14526
- Auditor
- Stokes, Visca, Hucko & Barone, LLC
- Audited financials
- Franchisor revenue
- $332K
- vs $419K prior year
Overview
About
Franchisees operate quick-service pizza restaurants under the Perri's brand, managing daily food preparation, customer service, inventory, and staffing. Core responsibilities include executing the pizzeria menu, maintaining quality standards, managing local marketing within protected territory, and remitting daily royalties calculated as a percentage of pizza slice pricing rather than fixed revenue percentages.
- CEO
- Michael Perri
- Headquarters
- NY
- Founded
- 2010
- FDD year
- 2025
- States available
- 1
FDD Item 7 · 2025 filing · 14 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $20K | $20K | |
| Real Estate Rent - 1st Monthnot refundable | $2K | $12K | |
| Security Deposit(s) | $0 | $15K | |
| Real Estate Site Improvementsnot refundable | $75K | $263K | |
| Furnishings, Fixtures, and Decoratingnot refundable | $30K | $60K | |
| Signagenot refundable | $3K | $10K | |
| Trainingnot refundable | $2K | $10K | |
| Equipment and Supplies Acquired Locallynot refundable | $85K | $213K | |
| Initial Inventory, Supplies, Packaging, Uniforms and Corporate Identity Materialsnot refundable | $3K | $10K | |
| Initial Inventory of Products for Resalenot refundable | $8K | $15K | |
| SBA Fees and Other Financing Costsnot refundable | $0 | $10K | |
| Additional Operating Funds - 3 monthsnot refundable | $30K | $75K | |
| Professional Feesnot refundable | $4K | $10K | |
| Insurancenot refundable | $6K | $12K | |
| Total initial investment | $267K | $734K |
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
- $267K – $734K
- Near category avg vs category
- Liquid capital req'd
- $30K – $75K
- Below avg, review vs category
- Franchise fee
- $20K – $20K
- Better than avg vs category
- Royalty
- Price of 8 cheese pizza slices per day multiplied by 1.25
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 2.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty (flat) | Franchisee's post tax per slice price of 8 cheese pizza slices per day over a thirty (30) day period, as sold by the slice, multiplied by 1.25 |
| Marketing / ad fund | 2.0% of gross sales |
| Transfer fee | $5K |
| Renewal fee | $10K |
| Total fee load | 2.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Quick-Service Restaurants averages
How Perri's Pizzeria Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 9
- Opened
- 0
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 2
- Corporate units in the system
- % franchised
- 78%
- vs corporate-owned
- Net growth (yr3)
- +0.0%
- Net unit change last year
- 3-yr CAGR
- +0.0%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 1
- Projected new
- 1
- Franchisor's next-year forecast
- Transfer rate
- 11.1%
- 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.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 9 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 9
- Loan volume
- $985K
- Median loan
- $93K
- 50th percentile
- Charge-off rate
- 100.0%
- 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)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 1
- Defaults
- 1
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Perri's Pizzeria's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 1 lenders with concentration factor
- Per-state charge-off rates across 1 states
- Startup risk premium and job creation velocity
- 3-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Going Concern warning combined with tiny unit count, no financial disclosures, and unusual royalty structure creates high uncertainty about franchisor viability and franchisee profitability.
Litigation (Item 3)
No litigation information provided in Item 3
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Stokes, Visca, Hucko & Barone, LLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 87 / 100 rating
- 01HIGHGoing Concern status is FALSE — indicates material uncertainty about franchisor's ability to continue operations
- 02MEDNo Item 19 financial performance data disclosed — cannot validate average unit economics or ROI claims
- 03MINOROnly 9 units system-wide with unknown growth trajectory — extremely small and potentially stagnant network
- 04MINORUnusual royalty structure (price of 8 cheese pizza slices × 1.25) — difficult to forecast, creates payment unpredictability
- 05MINORWide investment range ($267K-$734K) without clear cost drivers — suggests inconsistent unit economics or undefined buildout standards
- 06MINORNo average revenue or net income disclosure — red flag for underperforming or inconsistent unit profitability
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Radius |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory radius | 2 mi |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 5 years |
| Non-compete (miles)ℹ | 30 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | New York, New York |
| Governing law | New York |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation information provided in Item 3
Items 10, 11
Training & Operations
- Classroom training
- 40 hrs
- On-the-job training
- 40 hrs
- Training location
- Perri's Pizzeria headquarters or another location chosen by franchisor
- POS system
- Heartland Restaurant
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Heartland Restaurant
Item 20 · call current owners
Franchisee Contacts
15 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Perri's Pizzeria · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Perri's Pizzeria franchise?
The total investment to open a Perri's Pizzeria franchise ranges from $267K – $734K, with an initial franchise fee of $20K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Perri's Pizzeria franchise owners earn?
Perri's Pizzeria does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Perri's Pizzeria's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Perri's Pizzeria (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Perri's Pizzeria franchise locations are there?
As of their most recent FDD filing, Perri's Pizzeria has 9 total units in the United States, including 7 franchised units and 2 company-owned units.
Is Perri's Pizzeria a good franchise to buy?
FranchiseVerdict rates Perri's Pizzeria as a F-grade franchise with a risk score of 87 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. 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
Are you the franchisor?
If you represent Perri's Pizzeria, you can request corrections or provide updated information.
Claim this brandOther Quick-Service Restaurants franchises
Compare similar franchise opportunities in the Quick-Service Restaurants category
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.