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.
- Rated MODERATE with a risk score of 64/100. SBA loan default rate of 0.0% across 16 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 Perri's Pizzeria unit return on the cash you put in?
Unlevered ROIC · per unit
14%
Below typical band (30–60%)
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.
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 · 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 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
Going Concern warning combined with tiny unit count, no financial disclosures, and unusual royalty structure creates high uncertainty about franchisor viability and franchisee profitability.
Score breakdown · what drove the 64 / 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
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
15 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Perri's Pizzeria · FDD (2025) PDF