FranchiseVerdict
Seasons Pizza logo
FV-02270·MODERATEExcellent86

Seasons Pizza

Food & Beverage - Full ServiceFranchising since 2004Website
Investment
$498K – $818K
65th pct Full Service
Avg revenue
57th pct Full Service
Royalty
5.0%
15th pct Full Service
Units
25
58th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $498K – $818K including a $30K 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 65/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
  • System contracting at -13.3% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Seasons Pizza Franchisor, Inc.
Incorporated in
Delaware
HQ
1007 Church Road, Bear, DE 19702
Auditor
CohnReznick LLP
Audited financials
Franchisor revenue
$583K
vs $619K 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 Seasons 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: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $498K–$818K
Working capital
$
FDD reports $30K–$50K

Unlevered ROIC · per unit

14%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$98K
EBITDA margin
13.0%
Total invested
$698K
Payback
86 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 fast-casual or quick-service pizza restaurants under the Seasons Pizza brand, managing daily food preparation, customer service, inventory, staffing, and marketing within a protected territory. They pay a $30,000 franchise fee upfront and contribute 5% of all gross receipts to the franchisor while adhering to operational standards and supply chain requirements.

CEO
Angelo Halakos
Founded
2002
FDD year
2025
States available
4

Item 7 · what it costs

The Vitals

Total investment
$498K – $818K
All-in to open one unit
Liquid capital
$30K – $50K
Cash you must have on hand
Franchise fee
$30K
Royalty
5.0%
Gross Receipts · 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
25
Opened
0
Last reporting year
Closed
1
Turnover rate
4.0%
Company-owned
12
Corporate units in the system
% franchised
52%
vs corporate-owned
Net growth (yr3)
-7.1%
Net unit change last year
3-yr CAGR
-13.3%
Compounded over last 3 years
2023
13-1
Franchised units
2024
14
Franchised units
2025
15
Franchised units

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

Item 20 · 4 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 · 4 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
2
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

65
Risk · 0-100
MODERATE65 / 100

Seasons Pizza presents significant caution-level risk: a contracting 25-unit system with prior regulatory violations, no disclosed unit economics, and high capital requirements relative to unknown profitability.

Score breakdown · what drove the 65 / 100 rating

  1. 01MEDUnit count declined 7.1% YoY (25 units) — shrinking franchise system signals weak unit economics or poor franchisor support
  2. 02MINORNo Item 19 financial performance disclosure — cannot validate if $497.5K-$817.5K investment generates acceptable returns
  3. 03MED2014 Maryland Securities Commissioner Consent Order for Franchise Law violations — indicates regulatory compliance issues and potential governance problems
  4. 04MEDHigh initial investment ($497.5K-$817.5K) combined with undisclosed profitability creates asymmetric risk for franchisee
  5. 05MINOR5% royalty on gross receipts (not net) compounds margin pressure in low-margin QSR segment
  6. 06MINOR10-year term is long given system contraction and lack of transparent unit economics

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
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
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Delaware

Item 11

Training & Operations

Classroom training
14 hrs
On-the-job training
240 hrs
POS system
Rapid Fire, Diamond Touch, or Food Tech
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

15 numbers

Locked
(856) 783-••••
NJ
(410) 392-••••
MD
(302) 368-••••
DE

One-time purchase · CSV download · Validation questions included

FDD download

Seasons Pizza · FDD (2025) PDF

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