Repicci’s Real ItalianFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Repicci’s Real Italian franchise requires a total initial investment of $84K – $173K, including a $36K franchise fee. The 2025 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $84K – $173K
- 2nd pct Service Resta…
- Avg gross sales
- N/A
- 28th pct Service Resta…
- Royalty
- N/A
- Units
- 26
- 30th pct Service Resta…
- SBA default
- N/A
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
The system grew 24% year-over-year. Fast growth means demand, but can strain support.
Bottom line
- Total investment $84K – $173K including a $36K franchise fee.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict A (Top Quintile) with a risk score of 44/100.
- System growing at 160.0% CAGR over 3 years with 26 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- REPICCI’S FRANCHISING, LLC.
- CEO title
- Chief Executive Officer
- Michelle L. Repici
- CEO experience
- 2020 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- AL
- HQ
- 4009 Lennox Road, Birmingham, Alabama 35216
- Auditor
- KMS Financial Consulting
- Audited financials
- Franchisor revenue
- $374K
- Most recent fiscal year
Overview
About
Franchisees operate casual Italian fast-casual or quick-service restaurants serving pizza, pasta, and traditional Italian dishes. Day-to-day operations include food preparation, staff management, customer service, inventory control, and adherence to Repicci's recipes and operational standards across a protected territory.
- CEO
- Michelle L. Repici
- Headquarters
- AL
- Founded
- 2020
- FDD year
- 2025
- States available
- 9
FDD Item 7 · 2025 filing · 12 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $36K | $36K | |
| Travel and Living Expenses | $2K | $3K | |
| Rent or Real Estate | $0 | $2K | |
| Required Initial Product Purchase | $9K | $9K | |
| Additional Inventory | $2K | $3K | |
| Approved Operating Unit (including proprietary customization) | $26K | $106K | |
| Tax, Title, Licensing, Freight and Delivery | $2K | $3K | |
| Miscellaneous Opening Costs & Contingency | $3K | $3K | |
| Advertising/Marketing (3 months) | $150 | $150 | |
| Insurance (3 months) | $750 | $1K | |
| Computer Equipment and Software/POS | $0 | $2K | |
| Additional Funds for Initial three (3) Months | $5K | $6K | |
| Total initial investment | $84K | $173K |
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
- $84K – $173K
- Better than avg vs category
- Liquid capital req'd
- $5K – $6K
- Better than avg vs category
- Franchise fee
- $32K – $36K
- Better than avg vs category
- Royalty
- $3,600 flat fee if quota not met
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 1.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty (flat) | $0 if quota met, $3600 if quota not met |
| Marketing / ad fund | 1.0% of gross sales |
| Transfer fee | $5K |
| Renewal fee | $5K |
| Total fee load | 1.0% 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 Repicci’s Real Italian Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 26
- Opened
- 5
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- +23.8%
- Net unit change last year
- 3-yr CAGR
- +160.0%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 15
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 33 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.
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
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
- N/A
- Amount data pending
- Median loan
- N/A
- Charge-off rate
- N/A
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
- 0
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Small, financially distressed Italian QSR franchise with zero transparency on unit economics and concerning corporate going concern status.
Litigation (Item 3)
No litigation is required to be disclosed in this Item.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · KMS Financial Consulting
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 44 / 100 rating
- 01HIGHGoing concern warning indicates financial distress at corporate level despite modest unit growth
- 02MEDNo Item 19 (average unit volumes/profitability) disclosed — impossible to validate ROI on $84k-$173k investment
- 03MINORFlat $3,600 royalty fee structure is unusual and suggests either unprofitable units or opaque fee model
- 04MED26-unit system is very small with limited brand recognition; survival risk if key locations underperform
- 05MINOR5-year term is shorter than industry standard (typically 10 years), indicating higher franchise turnover risk
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 | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 1 |
| Territory type | Designated Territory based on population |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory population | 200,000 |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 50 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Alabama |
| Jury trial waiver | Yes |
| Governing law | Alabama |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation is required to be disclosed in this Item.
Items 10, 11
Training & Operations
- Classroom training
- 16 hrs
- On-the-job training
- 12 hrs
- Training location
- Virtual and Atlanta, GA
- Ongoing training
- Required
- Field support
- 12 hrs/yr
- On-site visits per year
- Time to open
- 6 mo
- From signing to launch
- POS system
- Square or Payroc
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Square or Payroc
Item 20 · call current owners
Franchisee Contacts
49 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Repicci’s Real Italian · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Repicci’s Real Italian franchise?
The total investment to open a Repicci’s Real Italian franchise ranges from $84K – $173K, with an initial franchise fee of $36K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Repicci’s Real Italian franchise owners earn?
Repicci’s Real Italian 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 Repicci’s Real Italian's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Repicci’s Real Italian (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 Repicci’s Real Italian franchise locations are there?
As of their most recent FDD filing, Repicci’s Real Italian has 26 total units in the United States, including 10 franchised units and 0 company-owned units. 5 new units were opened in the latest reporting year.
Is Repicci’s Real Italian a good franchise to buy?
FranchiseVerdict rates Repicci’s Real Italian as a A-grade franchise with a risk score of 44 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.