PieZoni’sFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A PieZoni’s franchise requires a total initial investment of $315K – $396K, including a $25K franchise fee and an ongoing 5.0% royalty[2]. The 2024 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 2024 FDD issuance
Overview
- Investment
- $315K – $396K
- 20th pct Service Resta…
- Avg gross sales
- N/A
- 28th pct Service Resta…
- Royalty
- 5.0%
- 7th pct Service Resta…
- Units
- 15
- 25th pct Service Resta…
- SBA default
- 0.0%
- system-wide median varies by category
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-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 $315K – $396K including a $25K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict F (Bottom Quintile) with a risk score of 94/100.
- 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
- PieZoni’s Franchising, LLC
- Incorporated in
- RI
- HQ
- 969 Broadway, East Providence, Rhode Island 02914
- Auditor
- Donellon, Orcutt, Patch & Stallard PC
- Audited financials
- Franchisor revenue
- $1.1M
- vs $997K prior year
Overview
About
PieZoni's franchisees operate fast-casual or quick-service pizzerias, handling daily operations including food preparation, customer service, inventory management, and local marketing. Day-to-day responsibilities include managing staffing, maintaining food quality standards, handling point-of-sale systems, and ensuring compliance with brand standards and local health regulations.
- CEO
- Joe Ferreira
- Headquarters
- RI
- Founded
- 1996
- FDD year
- 2024
- States available
- 2
FDD Item 7 · 2024 filing · 14 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $25K | $25K | |
| Construction and Leasehold Improvementsnot refundable | $100K | $120K | |
| Rent and Utility Deposits | $12K | $15K | |
| Furniture, Equipment & Signagenot refundable | $105K | $135K | |
| Smallwaresnot refundable | $5K | $7K | |
| Computer Systemnot refundable | $16K | $20K | |
| Travel and Living Expenses During Trainingnot refundable | $0 | $3K | |
| Pre-Opening Labornot refundable | $8K | $10K | |
| Opening Inventorynot refundable | $10K | $12K | |
| Market Introduction Programnot refundable | $10K | $15K | |
| Initial Insurance Premiumsnot refundable | $3K | $4K | |
| Permits & Licensesnot refundable | $3K | $5K | |
| Legal/Professional Feesnot refundable | $3K | $5K | |
| Additional Funds for 3 monthsnot refundable | $15K | $20K | |
| Total initial investment | $315K | $396K |
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
- $315K – $396K
- Better than avg vs category
- Liquid capital req'd
- $15K – $20K
- Better than avg vs category
- Franchise fee
- $25K – $25K
- Better than avg vs category
- Royalty
- 5.0%
- Gross Sales · typical 6–8%
- Ad fund
- 3.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 3.0% of gross sales |
| Technology fee | $603 |
| Transfer fee | $8K |
| Renewal fee | $0 |
| Total fee load | 8.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Full-Service Restaurants averages
How PieZoni’s Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 15
- Opened
- 1
- Last reporting year
- Closed
- 1
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 6.7%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- 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)
- 0
- Projected new
- 4
- Franchisor's next-year forecast
- Ceased ops
- 20.0%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 2 states 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.
2
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 7 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 7
- Loan volume
- $857K
- Median loan
- $122K
- average
- Charge-off rate
- 0.0%
- 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
- 3
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into PieZoni’s's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 3 lenders with concentration factor
- Per-state charge-off rates across 2 states
- Startup risk premium and job creation velocity
- 5-year lending trend
- SBA 504 real estate/equipment data
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
PieZoni's presents caution-level risk due to lack of financial transparency, minimal system scale, going concern status, and inability to validate investment returns against disclosed metrics.
Litigation (Item 3)
No litigation disclosure provided in Item 3
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Donellon, Orcutt, Patch & Stallard PC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- 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 94 / 100 rating
- 01MINORNo Item 19 financial disclosure (avg revenue/net income) makes ROI validation impossible
- 02HIGHGoing Concern = False indicates potential financial instability or undisclosed restructuring
- 03MEDOnly 15 units across entire system suggests limited scale, brand recognition, and operational maturity
- 04MEDNo disclosed unit growth data raises questions about system momentum and franchisee retention
- 05MINORHigh initial investment range ($315k-$396k) with no transparent profit benchmarks creates misalignment risk
- 06MED5% royalty on undisclosed revenue base means franchisees can't predict actual costs or margins
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 | zip codes |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | No |
| Arbitration location | Providence, Rhode Island |
| Jury trial waiver | Yes |
| Governing law | Rhode Island |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation disclosure provided in Item 3
Items 10, 11
Training & Operations
- Classroom training
- 24 hrs
- On-the-job training
- 96 hrs
- Training location
- On-site and corporate
- POS system
- HungerRush
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: HungerRush
Item 20 · call current owners
Franchisee Contacts
15 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
PieZoni’s · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a PieZoni’s franchise?
The total investment to open a PieZoni’s franchise ranges from $315K – $396K, with an initial franchise fee of $25K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do PieZoni’s franchise owners earn?
PieZoni’s 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 PieZoni’s's franchise failure rate?
SBA 7(a) loan charge-off data is not available for PieZoni’s (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 PieZoni’s franchise locations are there?
As of their most recent FDD filing, PieZoni’s has 15 total units in the United States, including 15 franchised units and 0 company-owned units. 1 new units were opened in the latest reporting year.
Is PieZoni’s a good franchise to buy?
FranchiseVerdict rates PieZoni’s as a F-grade franchise with a risk score of 94 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.
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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.