Pizza Boli's Franchise Cost, Revenue & Review 2026
- Investment
- $218K – $459K
- Disclosed sales
- not disclosed
- SBA charge-off
- Under 10 loans (1)
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Pizza Boli's is a quick-service pizza franchise focused on delivery and carryout, with pizza, subs, wings, and sides. Franchisees run shops managing food prep, delivery, staffing, and local marketing.
FranchiseVerdict summary · 2026
A Pizza Boli's franchise requires a total initial investment of $218K – $459K, including a $12K – $24K franchise fee. This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. FranchiseVerdict grade: D (Below average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: high - issued more than two years ago
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✗ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored3 of 3 headline figures on this page cite a page of the filing.
Overview
- Investment
- $218K – $459K
- 29th pct Service Resta…
- Avg gross sales
- N/A
- Royalty
- Not extracted
- Units
- 84
- 74th pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Quick-Service Restaurants median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $218K – $459K including a $24K franchise fee.
- RETURNSThis franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
- RISKVerdict D (Below average), verdict score 33/100 (higher is better).
- GROWTHFlat: no net change in franchised outlets in the latest year (2 opened, 2 closed); 2 signed but not yet open (Item 20).
- DATAThis franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Prosperity System, Inc.
- Predecessor
- Pizza Boli's System, Inc.
- Prior franchisor entity
- CEO title
- Director and President
- Javed (John) Nasir
- CEO experience
- 23 yrs
- Years in role or industry
- Incorporated in
- MD
- HQ
- 3 Greenwood Place, Suite 208, Pikesville, MD 21208
- Franchisor revenue
- $4.2M
- vs $4.1M prior year
Overview
About
- CEO
- Javed (John) Nasir
- Headquarters
- MD
- Founded
- 1997
- FDD year
- 2024
- States available
- 5
Can you afford it, and what does the money buy?
Entry cost runs 30% below the typical quick-service restaurants franchise.
Source: FDD 2024 · Items 5–7
Full Item 7 breakdown12 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $24K | $24K | |
| Initial Trainingnot refundable | $0 | $29K | |
| Travel, Living Expenses While Trainingnot refundable | $2K | $3K | |
| Opening Inventory | $6K | $12K | |
| First Month's Rent and Deposit | $5K | $11K | |
| Equipment, Leasehold Improvementsnot refundable | $125K | $190K | |
| Point-of-Sale Computer Hardware, Software and Trainingnot refundable | $16K | $30K | |
| Liability Insurance Premiumsnot refundable | $4K | $6K | |
| Point-of-Sale System Support Feenot refundable | $900 | $5K | |
| Signsnot refundable | $5K | $20K | |
| Opening Marketing Fee | $0 | $39K | |
| Additional Funds - 3 monthsnot refundable | $30K | $90K | |
| Total initial investment | $218K | $459K |
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
- $218K – $459K
- Top 40% of category vs category
- Liquid capital req'd
- $20K – $90K
- Top 40% of category vs category
- Franchise fee
- $12K – $24K
- Top 40% of category vs category
- Royalty
- Monthly flat Continuing Franchise Fee ranging $900-$4,800…
- Ad fund
- 41 percent (3.5/8.5) to advertising fees
- Total fee load
- 8.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty (flat) | Monthly flat fee $900-$4,800 based on Trade Area household count (5,000-50,000 households); allocates ~59% to royalties, ~41% to advertising fund |
| Technology fee | $900 |
| Training fee | $15K |
| Transfer fee | $24K |
| Renewal fee | $6K |
| Inventory (initial) | $4K – $8K |
| Total fee load | 8.5% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Pizza Boli's makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one Pizza Boli's unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for annual revenue, royalty rate, ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2024 FDD
Financial Performance
No financial performance representation
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 8.5% (near the Quick-Service Restaurants median).
Disclosure
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Operator retention
System roughly stable (+1.2% 3-year CAGR) with 84 units.
Multi-unit rate
Only 6% of franchisees own multiple units. Could indicate challenging economics or a young system where operators haven't had time to expand.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Quick-Service Restaurants medians
How Pizza Boli's Compares
Category median of published Quick-Service Restaurants brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2024 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 84
- Opened
- 2
- Last reporting year
- Closed
- 2
- Terminated
- 1
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 2.4%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Multi-unit owners
- 6.1%
- Net growth (3-yr)
- -1.2%
- Net unit change over 3 years
- 3-yr CAGR
- +1.2%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 1
- Not renewed
- 0
- Transferred
- 7
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 2
- 0.02 per open outlet · Item 20 Table 5
- Projected new
- 11
- Franchisor's next-year forecast
- Transfer rate
- 8.3%
- Owners selling to other franchisees
- Termination rate
- 1.2%
- Franchisor-initiated terminations
- Ceased ops
- 1.2%
- Units that stopped operating
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).
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.
Where the owners are · Item 20 owner list
81 current owners across 5 states.
- MD 51
- VA 15
- PA 8
- DC 5
- NJ 2
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 1 7(a) loan on file; statistical reliability is limited below 10 loans.
- Total loans
- 1
- Loan volume
- $90K
- Median loan
- $90K
- 50th percentile
- Charge-off rate
- Under 10 loans (1)
- Insufficient SBA coverage: 1 loan, rate hidden below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- Under 10 loans (1)
- 5-yr charge-off
- Under 10 loans (1)
- Loans approved 2021+
- Active lenders
- 1
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Litigation (Item 3)
Subject: the franchisor is a named party (defendant).
8 matters: Virginia SCC investigation re unregistered franchise offers; shareholder derivative suit (settled 2024); Maryland Securities Commissioner Consent Order (2024, $35K penalty); Prosperity v. franchisee (breach/unauthorized transfer, settled 2024); Prosperity v. former franchisee (breach/post-term competition, dismissed 2021); Lubin v. Prosperity (2004 Consent Order); two prior Maryland Securities Commissioner Consent Orders (2002)
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
No audited financials on file
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Financial statements in Exhibit A are UNAUDITED (prepared without an audit; rescission FDD). Single entity: Prosperity System, Inc. (d/b/a Pizza Boli's), FYE July 31. Balance sheet as of 7/31/2024: Total Assets 829,522.97 = Total Liabilities 188,145.56 + Total Equity 641,377.41 (reconciles). Revenue = Total Income from P&L: FY2024 4,157,136.79; FY2023 4,126,104.78. Net income FY2024 = -284,754.85 (net loss). Figures in whole USD; no scaling applied.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 33 / 100 verdict
- 01MINORActive regulatory investigation by Virginia Securities Division for unregistered franchise offers suggests systematic compliance failures
- 02MINORJuly 2024 Maryland Consent Order requiring rescission offers indicates recent, material securities violations and potential forced refunds to franchisees
- 03MINORSettled shareholder derivative suit alleging misappropriated funds by President demonstrates governance failures and potential misuse of franchisee capital
- 04MINORMultiple breach of contract lawsuits against former franchisees suggests either corporate non-performance or pattern of franchise terminations
- 05MEDZero financial transparency — no Item 19 (average unit volumes/net income) disclosed, preventing ROI validation
- 06MINORNo territory protection — franchisees compete directly with corporate and other franchisees in same market
- 07MINOR84 units with unknown growth trajectory — no disclosure of unit closures, transfers, or system contraction rate
- 08MINORRoyalty structure allows $4,800 fixed fee cap, potentially incentivizing corporate to under-report sales or shift franchisees to fixed fees
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 8.5% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2024 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 7 years |
|---|---|
| Renewal term | 7 years |
| Allowed renewalsℹ | 1 |
| Territory type | No territory protection |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Territory population | 5,000 |
| Online sales rightsℹ | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 1 year |
| Non-compete (miles)ℹ | 15 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 15 days |
| Mandatory arbitration | No |
| Arbitration location | Pikesville, Maryland |
| Jury trial waiver | No |
| Governing law | MD |
| Litigation count | 8 |
View Item 3 litigation summary
8 matters: Virginia SCC investigation re unregistered franchise offers; shareholder derivative suit (settled 2024); Maryland Securities Commissioner Consent Order (2024, $35K penalty); Prosperity v. franchisee (breach/unauthorized transfer, settled 2024); Prosperity v. former franchisee (breach/post-term competition, dismissed 2021); Lubin v. Prosperity (2004 Consent Order); two prior Maryland Securities Commissioner Consent Orders (2002)
Items 10, 11
Training & Operations
- Classroom training
- 54 hrs
- On-the-job training
- 249 hrs
- Training location
- Baltimore/Washington, DC area
- Ongoing training
- Required
- Field support
- 252 hrs/yr
- On-site visits per year
- Site selection
- Franchisor approval required; franchisee finds site
- Franchisor financing
- Not offered
- Item 10
- POS system
- Foodtec Solutions, Inc.
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Foodtec Solutions, Inc.
Item 20 · call current owners
Franchisee Contacts
81 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Pizza Boli's franchise?
The total investment to open a Pizza Boli's franchise ranges from $218K – $459K, with an initial franchise fee of $24K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Pizza Boli's franchise owners earn?
Pizza Boli's makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns Pizza Boli's?
Pizza Boli's is franchised by Prosperity System, Inc.. Source: FDD Item 1, 2024 filing.
What is Item 19 in the Pizza Boli's FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Pizza Boli's FDD and qualifies whose outlets they describe.
What is Pizza Boli's's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Pizza Boli'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 Pizza Boli's franchise locations are there?
As of their most recent FDD filing, Pizza Boli's has 84 total units in the United States, including 84 franchised units and 0 company-owned units. 2 new units were opened in the latest reporting year.
Is Pizza Boli's a good franchise to buy?
FranchiseVerdict rates Pizza Boli's as a D-grade franchise with a verdict score of 33 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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
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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.