FranchiseVerdict
Pizzawala’s logo
FV-01975·MODERATEExcellent81

Pizzawala’s

Food & Beverage - Full ServiceFranchising since 2020Website
Investment
$376K – $637K
50th pct Full Service
Avg revenue
57th pct Full Service
Royalty
5.0%
15th pct Full Service
Units
3
16th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $376K – $637K including a $25K franchise fee, 5.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 57/100. SBA loan default rate of 0.0% across 169 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

Legal entity
Pizzawala’s Franchising, Inc.
Incorporated in
Michigan
HQ
6321 Commerce Drive, Westland, Michigan 48185
Auditor
SPA ASSOCIATES, LLC
Audited financials
Franchisor revenue
$78K
vs $78K prior year

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 Pizzawala’s unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $376K–$637K
Working capital
$
FDD reports $10K–$20K

Unlevered ROIC · per unit

19%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$98K
EBITDA margin
13.0%
Total invested
$522K
Payback
64 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

Pizzawala's franchisees operate quick-service or casual pizza restaurants, managing daily operations including food preparation, customer service, inventory, and staffing. Franchisees are responsible for store-level P&L within a protected territory while adhering to brand standards and paying 5% royalties on net sales to corporate headquarters.

CEO
Rikesh Patel
Founded
2019
FDD year
2025
States available
3

Item 7 · what it costs

The Vitals

Total investment
$376K – $637K
All-in to open one unit
Liquid capital
$10K – $20K
Cash you must have on hand
Franchise fee
$25K
Royalty
5.0%
Net Sales · typical 6–8%
Ad fund
5.0%
typical 3–5%
Total fee load
10.0%
vs 9–13% typical

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

Total units
3
Opened
1
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+50.0%
Net unit change last year
3-yr CAGR
+200.0%
Compounded over last 3 years
2023
3+1
Franchised units
2024
2
Franchised units
2025
1
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 12 · 3 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.

3

states with franchisees (per FDD Item 12)

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
169
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

57
Risk · 0-100
MODERATE57 / 100

Pizzawala's presents CAUTION-to-HIGH RISK profile due to undisclosed financials, going concern status, minimal unit count, and unproven franchisee economics in an early-stage system.

Score breakdown · what drove the 57 / 100 rating

  1. 01HIGHGoing Concern status is FALSE — indicates potential financial instability or undisclosed operational challenges at corporate level
  2. 02MINORNo Item 19 financial disclosure — average unit volumes and profitability completely hidden, making ROI analysis impossible
  3. 03MINORMinimal franchisee base (only 3 units) creates extreme concentration risk and questions viability of support infrastructure
  4. 04MINORHigh investment range ($376K-$637K) paired with unknown revenue potential is a major red flag without earnings data
  5. 05MEDEarly-stage system growth (50% YoY on 3 units = only 2 units existed prior) suggests unproven model and limited franchisee track record

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
5 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Michigan

Item 11

Training & Operations

Classroom training
56 hrs
On-the-job training
192 hrs

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

6 numbers

Locked
(808) 586-••••
MD
(651) 539-••••
MD
(701) 328-••••
MD

One-time purchase · CSV download · Validation questions included

FDD download

Pizzawala’s · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above