FranchiseVerdict
Repicci’s Real Italian logo
FV-02141·MODERATEExcellent81

Repicci’s Real Italian

Food & Beverage - Full ServiceFranchising since 2021Website
Investment
$84K – $173K
5th pct Full Service
Avg revenue
57th pct Full Service
Royalty
Units
26
60th pct Full Service
SBA default
0.0%
vs <3% typical

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.
  • Rated MODERATE with a risk score of 62/100. SBA loan default rate of 0.0% across 1 loans (below the industry average).
  • 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.
Incorporated in
Alabama
HQ
4009 Lennox Road, Birmingham, Alabama 35216
Auditor
KMS Financial Consulting
Audited financials
Franchisor revenue
$374K
Most recent fiscal 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 Repicci’s Real Italian 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: $84K–$173K
Working capital
$
FDD reports $5K–$6K

Unlevered ROIC · per unit

89%

Above typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$120K
EBITDA margin
16.0%
Total invested
$134K
Payback
13 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

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
Founded
2020
FDD year
2025
States available
9

Item 7 · what it costs

The Vitals

Total investment
$84K – $173K
All-in to open one unit
Liquid capital
$5K – $6K
Cash you must have on hand
Franchise fee
$36K
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

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
26
Opened
5
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)
+23.8%
Net unit change last year
3-yr CAGR
+160.0%
Compounded over last 3 years
2023
26+5
Franchised units
2024
21
Franchised units
2025
10
Franchised units

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).

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 · 33 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
1
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

62
Risk · 0-100
MODERATE62 / 100

Small, financially distressed Italian QSR franchise with zero transparency on unit economics and concerning corporate going concern status.

Score breakdown · what drove the 62 / 100 rating

  1. 01HIGHGoing concern warning indicates financial distress at corporate level despite modest unit growth
  2. 02MEDNo Item 19 (average unit volumes/profitability) disclosed — impossible to validate ROI on $84k-$173k investment
  3. 03MINORFlat $3,600 royalty fee structure is unusual and suggests either unprofitable units or opaque fee model
  4. 04MED26-unit system is very small with limited brand recognition; survival risk if key locations underperform
  5. 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

Territory
Designated Territory based on population
Protected territory
Yes
Initial term
5 years
Renewal term
5 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
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Alabama

Item 11

Training & Operations

Classroom training
16 hrs
On-the-job training
12 hrs
POS system
Square or Payroc
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

49 numbers

Locked
(504) 342-••••
LA
(601) 408-••••
MS
(504) 931-••••
LA

One-time purchase · CSV download · Validation questions included

FDD download

Repicci’s Real Italian · FDD (2025) PDF

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