Riko’s PizzaFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Riko’s Pizza franchise requires a total initial investment of $1.0M – $1.4M, including a $45K franchise fee and an ongoing 6.0% royalty[2]. Per the 2024 FDD, average unit revenue was $2.3M[2]. Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $1.0M – $1.4M
- 43rd pct Service Resta…
- Avg gross sales
- $2.3M
- 23rd pct Service Resta…
- Royalty
- 6.0%
- 26th pct Service Resta…
- Units
- 8
- 18th 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
Franchised units fell from 8 to 5 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $1.0M – $1.4M including a $45K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $2.3M/year (median $2.0M).
- Verdict B (Above Average) with a risk score of 60/100.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Riko’s Franchise Corporation
- Ultimate parent
- None
- CEO title
- President, CEO, Chairman of the Board
- Enrico Imbrogno Jr.
- CEO experience
- 2018 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- DE
- HQ
- 170 Selleck Street, Stamford, Connecticut 06902
- Auditor
- Marcum LLP
- Audited financials
- Franchisor revenue
- $857K
- vs $1.4M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
Franchisees operate quick-service or casual pizza restaurants under the Riko's brand, managing daily operations including food preparation, inventory control, staffing, and customer service. Daily responsibilities involve managing kitchen production, point-of-sale operations, delivery coordination (if applicable), and local marketing to drive repeat customer traffic.
- CEO
- Enrico Imbrogno Jr.
- Headquarters
- CT
- Founded
- 2018
- FDD year
- 2024
- States available
- 3
FDD Item 7 · 2024 filing · 19 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $45K | $45K | |
| Rent - 3 Monthsnot refundable | $30K | $60K | |
| Lease & Utility Security Deposit | $30K | $60K | |
| Design & Architect Feesnot refundable | $25K | $50K | |
| Leasehold Improvementsnot refundable | $300K | $350K | |
| Signagenot refundable | $10K | $25K | |
| Furniture and Fixturesnot refundable | $175K | $210K | |
| Equipmentnot refundable | $250K | $350K | |
| Point of Sale & Computer Equipmentnot refundable | $24K | $55K | |
| Security Systemnot refundable | $10K | $25K | |
| Business Licenses & Permits (Not Including Liquor License)not refundable | $5K | $20K | |
| Professional Feesnot refundable | $8K | $10K | |
| Insurance - 3 Monthsnot refundable | $9K | $18K | |
| Initial Inventorynot refundable | $20K | $30K | |
| Training Expensesnot refundable | $5K | $10K | |
| Grand Opening Marketing and Advertisingnot refundable | $15K | $15K | |
| Technology Fee - 3 Monthsnot refundable | $300 | $300 | |
| Miscellaneousnot refundable | $10K | $15K | |
| Additional Funds - 3 Monthsnot refundable | $35K | $50K | |
| Total initial investment | $1.0M | $1.4M |
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.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$240K
10.5% margin
Unlevered ROIC
19%
EBITDA / total invested capital
Payback
5.2 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $1.0M – $1.4M
- Near category avg vs category
- Liquid capital req'd
- $35K – $50K
- Better than avg vs category
- Franchise fee
- $36K – $45K
- Better than avg vs category
- Royalty
- 6.0%
- Gross Sales · typical 6–8%
- Ad fund
- 1.5%
- typical 3–5%
- Total fee load
- 7.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 1.5% of gross sales |
| Technology fee | $100 |
| Training fee | $2K |
| Transfer fee | $23K |
| Renewal fee | $11K |
| Total fee load | 7.5% of rev |
Financial Performance
- Avg gross sales
- $2.3M
- Per unit, per year
- Median gross sales
- $2.0M
- Item 19 type
- gross_sales
- Sample size
- 5 units
- vs category median 13 · small
- Range (low → high)
- $988K→$3.9M
- Cohort dispersion (min → max)
- Reporting year
- 2023
- Fiscal year the figures cover
- Transparency
- 6 / 5
- vs category median 4 / 5 · above
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How Riko’s Pizza Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 8
- Opened
- 2
- 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)
- +33.3%
- Net unit change last year
- 3-yr CAGR
- +60.0%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 4
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 15 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 2 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 2
- Loan volume
- $1.1M
- Median loan
- $547K
- average
- 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
- 1
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Riko’s Pizza's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 1 lenders with concentration factor
- Per-state charge-off rates across 1 states
- Startup risk premium and job creation velocity
- 2-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Micro-scale pizza franchise with non-disclosure of profitability metrics and franchisor going concern issues presents elevated risk despite claimed average revenues.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Marcum LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 60 / 100 rating
- 01MEDNo Item 19 (Average Unit Volume) disclosed despite $2.29M average revenue claim — inability or unwillingness to substantiate earnings
- 02HIGHGoing Concern status is FALSE, suggesting potential financial viability issues at franchisor level
- 03MINOROnly 8 units system-wide is extremely small; 33.3% YoY growth could mean growing from 6 to 8 units — minimal scale and unproven model
- 04MEDHigh investment range ($1.0M–$1.4M) paired with undisclosed net income creates severe ROI opacity
- 05HIGHNo litigation disclosed is notable given franchisor's apparent financial stress
- 06MINOR6% royalty is standard but high initial franchise fee ($45K) plus massive capex suggests long breakeven period
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 | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius or Population based |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 1 mi |
| Territory population | 30,000 |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Fairfield County, Connecticut |
| Jury trial waiver | Yes |
| Governing law | Connecticut |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 16 hrs
- On-the-job training
- 100 hrs
- Training location
- headquarters
- Ongoing training
- Required
- Field support
- 112 hrs/yr
- On-site visits per year
- POS system
- FoodTec
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: FoodTec
Item 20 · call current owners
Franchisee Contacts
25 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Riko’s Pizza · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Riko’s Pizza franchise?
The total investment to open a Riko’s Pizza franchise ranges from $1.0M – $1.4M, with an initial franchise fee of $45K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Riko’s Pizza franchise owners earn?
According to Item 19 of the Riko’s Pizza FDD, the average gross sales per unit is $2.3M. The median is $2.0M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Riko’s Pizza's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Riko’s Pizza (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 Riko’s Pizza franchise locations are there?
As of their most recent FDD filing, Riko’s Pizza has 8 total units in the United States, including 8 franchised units and 0 company-owned units. 2 new units were opened in the latest reporting year.
Is Riko’s Pizza a good franchise to buy?
FranchiseVerdict rates Riko’s Pizza as a B-grade franchise with a risk score of 60 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.