Bottom line
- Total investment $156K – $459K including a $24K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated AVOID with a risk score of 85/100. SBA loan default rate of 0.0% across 2 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 Pizza Boli's unit return on the cash you put in?
Unlevered ROIC · per unit
20%
Below typical band (30–60%)
Overview
About
Pizza Boli's franchisees operate quick-service pizza restaurants (primarily carryout/delivery model based on brand positioning) handling order fulfillment, inventory management, staffing, and local marketing. Day-to-day operations involve food preparation, customer service, delivery coordination, and compliance with corporate operational standards across a footprint of 84 locations.
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 · 11 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
Pizza Boli's presents extreme risk due to going concern accounting status, active SEC/state investigations, recent consent orders, governance fraud, litigation pattern, zero financial disclosure, and unprotected territories—warranting avoidance pending resolution of all regulatory matters.
Score breakdown · what drove the 85 / 100 rating
- 01HIGHGoing concern status is FALSE — indicates potential financial distress or accounting irregularities at corporate level
- 02MINORActive regulatory investigation by Virginia Securities Division for unregistered franchise offers suggests systematic compliance failures
- 03MINORJuly 2024 Maryland Consent Order requiring rescission offers indicates recent, material securities violations and potential forced refunds to franchisees
- 04MINORSettled shareholder derivative suit alleging misappropriated funds by President demonstrates governance failures and potential misuse of franchisee capital
- 05MINORMultiple breach of contract lawsuits against former franchisees suggests either corporate non-performance or pattern of franchise terminations
- 06MEDZero financial transparency — no Item 19 (average unit volumes/net income) disclosed, preventing ROI validation
- 07MINORNo territory protection — franchisees compete directly with corporate and other franchisees in same market
- 08MINOR84 units with unknown growth trajectory — no disclosure of unit closures, transfers, or system contraction rate
- 09MINORWide investment range ($155,900–$458,950) suggests undefined costs and potential hidden expenses or upselling
- 10MINORRoyalty 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
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
88 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Pizza Boli's · FDD (2024) PDF