Slice House By Tony GemignaniFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A SLICE HOUSE BY TONY GEMIGNANI franchise requires a total initial investment of $455K – $1.2M, including a $35K franchise fee and an ongoing 5.0% royalty[2]. Per the 2025 FDD, average unit revenue was $3.2M[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $455K – $1.2M
- 78th pct Service Resta…
- Avg gross sales
- $3.2M
- 57th pct Service Resta…
- Royalty
- 5.0%
- 13th pct Service Resta…
- Units
- 12
- 38th pct Service Resta…
- SBA default
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = >15% above Quick-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
Each dollar invested generates 3.9x in gross revenue, well above the typical 1.5-2.5x range.
69% cash-on-cash return. Above the 20% threshold most investors target.
Bottom line
- Total investment $455K – $1.2M including a $35K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $3.2M/year, with an estimated 69% cash-on-cash return.
- Verdict A (Top Quintile) with a risk score of 18/100.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Slice House Franchising, LLC
- Incorporated in
- NV
- HQ
- 2505 Anthem Village Drive, Suite E21, Henderson, Nevada 89052
- Auditor
- GBQ Partners LLC
- Audited financials
- Franchisor revenue
- $592K
- vs $1.2M prior year
Overview
About
Franchisees operate Neapolitan-style pizza restaurants under the Slice House by Tony Gemignani brand, featuring wood-fired ovens and artisanal pizzas crafted by renowned pizzaiolo Tony Gemignani. Daily operations include managing front-of-house service, kitchen production, inventory, and staff while maintaining brand standards across a QSR/casual dining format.
- CEO
- George Karpaty
- Headquarters
- NV
- Founded
- 2021
- FDD year
- 2025
- States available
- 2
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $35K | $35K |
| Working capital (3–6 mo) | $12K | $17K |
| Equipment, build-out, other | $408K | $1.1M |
| Total initial investment | $455K | $1.2M |
Source: SLICE HOUSE BY TONY GEMIGNANI 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
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
$519K
16.0% margin
Unlevered ROIC
62%
EBITDA / total invested capital
Payback
19 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $455K – $1.2M
- Below avg, review vs category
- Liquid capital req'd
- $12K – $17K
- Better than avg vs category
- Franchise fee
- $28K – $35K
- Near category avg vs category
- Royalty
- 5.0%
- Gross Sales · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
- Payback period
- 1.4 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $3K |
| Transfer fee | $26K |
| Renewal fee | $9K |
| Total fee load | 6.0% of rev |
A 6.0% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.
Financial Performance
- Avg gross sales
- $3.2M
- Per unit, per year
- Median gross sales
- N/A
- Avg net profit
- $571K
- Reported as Net Profit in FDD Item 19
- Cash-on-cash
- 69.0%
- Based on Net Profit / investment midpoint
- Item 19 type
- gross_sales
- Sample size
- 4 units
- vs category median 28 · small
- Range (low → high)
- $2.6M→$3.9M
- Cohort dispersion (min → max)
- Transparency
- 6 / 5
- vs category median 4 / 5 · above
Compared against 453 Quick-Service Restaurants brands
vs Quick-Service Restaurants averages
How Slice House By Tony Gemignani Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 12
- Opened
- 7
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 92%
- vs corporate-owned
- Multi-unit owners
- 1.0%
- Net growth (yr3)
- +175.0%
- Net unit change last year
- 3-yr CAGR
- Outlier (see FDD)
- Likely small-sample artifact
3-year detail · Item 20
- Transfers (3yr)
- 0
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 17 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
- $2.3M
- Median loan
- $1.2M
- 50th percentile
- 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
- 2
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Slice House By Tony Gemignani's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 2 lenders with concentration factor
- Per-state charge-off rates across 2 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
Early-stage pizza franchise with aggressive growth, regulatory violations by affiliates, and opaque financial disclosures that prevent independent ROI validation.
Audited financials (Item 21)
Yes · GBQ Partners LLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 18 / 100 rating
- 01MINORNo average revenue disclosure (Item 19) despite disclosing average net income of $570,542 — unusual and opaque financial reporting
- 02MINOR2022 DPFI consent order for illegal license sales (2016-2021) involving affiliate entities suggests regulatory compliance issues and potential reputational risk
- 03MINORHigh initial investment range ($455K-$1.2M) with no Item 19 revenue data makes ROI calculation impossible for prospective franchisees
- 04MINORRapid unit growth of 175% YoY from small base (12 units) suggests early-stage system vulnerability and unproven scalability
- 05HIGHGoing Concern flag is FALSE but system is only 12 units — limited operating history and track record for franchisees to evaluate
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 | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Radius/Geographic |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Nevada |
| Litigation count | 1 |
Items 10, 11
Training & Operations
- Classroom training
- 0 hrs
- On-the-job training
- 250 hrs
- POS system
- Toast
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Toast
Item 20 · call current owners
Franchisee Contacts
27 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
SLICE HOUSE BY TONY GEMIGNANI · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a SLICE HOUSE BY TONY GEMIGNANI franchise?
The total investment to open a SLICE HOUSE BY TONY GEMIGNANI franchise ranges from $455K – $1.2M, with an initial franchise fee of $35K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do SLICE HOUSE BY TONY GEMIGNANI franchise owners earn?
According to Item 19 of the SLICE HOUSE BY TONY GEMIGNANI FDD, the average gross sales per unit is $3.2M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is SLICE HOUSE BY TONY GEMIGNANI's franchise failure rate?
SBA 7(a) loan charge-off data is not available for SLICE HOUSE BY TONY GEMIGNANI (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 SLICE HOUSE BY TONY GEMIGNANI franchise locations are there?
As of their most recent FDD filing, SLICE HOUSE BY TONY GEMIGNANI has 12 total units in the United States, including 3 franchised units and 1 company-owned units. 7 new units were opened in the latest reporting year.
Is SLICE HOUSE BY TONY GEMIGNANI a good franchise to buy?
FranchiseVerdict rates SLICE HOUSE BY TONY GEMIGNANI as a A-grade franchise with a risk score of 18 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.