FranchiseVerdict
Red’s Savoy Pizza logo
FV-02125·MODERATEExcellent81FDD 2022

Red’s Savoy Pizza

Food & Beverage - PizzaFranchising since 2011Website
Investment
$78K – $508K
14th pct Pizza
Avg revenue
46th pct Pizza
Royalty
5.0%
22nd pct Pizza
Units
17
36th pct Pizza
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $78K – $508K including a $40K 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 55/100. SBA loan default rate of 0.0% across 27 loans (below the industry average).
  • No protected territory and the franchisor reserves the right to compete in your area. Clarify territorial boundaries before signing.

Item 1 · who you're contracting with

The Franchisor

Legal entity
RSP Franchise, LLC
Incorporated in
Minnesota
HQ
574 Prairie Center Drive, Suite 135-314, Eden Prairie, Minnesota 55344
Auditor
GTL, LLP
Audited financials
Franchisor revenue
$919K
vs $1.5M 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 Red’s Savoy Pizza 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: restaurant
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $78K–$508K
Working capital
$
FDD reports $5K–$25K

Unlevered ROIC · per unit

24%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$75K
EBITDA margin
10.0%
Total invested
$308K
Payback
49 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

Red's Savoy Pizza franchisees operate casual pizzerias serving traditional or specialty pizza in limited-service or dine-in formats. Day-to-day operations include food preparation (dough, toppings, baking), point-of-sale management, staff supervision, inventory control, and customer service—typical for quick-service or casual dining pizza concepts.

CEO
Reed Daniels
Founded
2019
FDD year
2022
States available
1

Item 7 · what it costs

The Vitals

Total investment
$78K – $508K
All-in to open one unit
Liquid capital
$5K – $25K
Cash you must have on hand
Franchise fee
$40K
Royalty
5.0%
Gross Revenues · typical 6–8%
Ad fund
3.0%
typical 3–5%
Total fee load
8.0%
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
17
Opened
2
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
2
Corporate units in the system
% franchised
88%
vs corporate-owned
Net growth (yr3)
+15.4%
Net unit change last year
3-yr CAGR
+0.0%
Compounded over last 3 years
2020
15+2
Franchised units
2021
13
Franchised units
2022
15
Franchised units

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

Item 20 · 13 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 13 states
Not registered

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.

Total loans
27
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

55
Risk · 0-100
MODERATE55 / 100

Red's Savoy Pizza presents cautionary risk due to undisclosed financials, prior litigation, unprotected territory, and small system size—making ROI validation impossible and competitive positioning vulnerable.

Score breakdown · what drove the 55 / 100 rating

  1. 01MINORNo Item 19 financial disclosure (average revenue and net income) prevents ROI validation and profitability assessment
  2. 02HIGHLitigation in 2020 involving standards compliance suggests operational/quality control issues within the system
  3. 03MINORUnprotected territory creates direct competition risk from other Red's Savoy franchisees in your market
  4. 04MEDModest unit growth (15.4% YoY) with only 17 total units indicates limited scale and brand recognition
  5. 05MEDHigh investment range ($78K-$508K) with no disclosed average unit economics creates uncertainty on capital recovery timeline

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
No
Initial term
7 years
Renewal term
7 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
1
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
1.5 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Minnesota

Item 11

Training & Operations

Classroom training
12 hrs
On-the-job training
104 hrs
POS system
Speedline Solutions
Operating tech stack

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

29 numbers

Locked
(952) 831-••••
MN
(612) 670-••••
MN
(651) 731-••••
MN

One-time purchase · CSV download · Validation questions included

FDD download

Red’s Savoy Pizza · FDD (2022) PDF

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