Slice House By Tony Gemignani Franchise Cost, Revenue & Review 2026
- Investment
- $455K – $1.2M
- Disclosed sales
- partial, no system average
- SBA charge-off
- Under 10 loans (2)
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Slice House by Tony Gemignani is a pizza franchise serving award-winning pizza by the slice and whole pies from the champion pizzaiolo. Franchisees run the restaurants, managing food prep, staffing, and service.
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]. The 2025 FDD on file does not yield a unit-revenue figure we can publish. FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: medium - issued 12 to 24 months ago; a newer filing is likely on file
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✗ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored6 of 6 headline figures on this page cite a page of the filing.
Overview
- Investment
- $455K – $1.2M
- 71st pct Service Resta…
- Avg gross sales
- N/A
- Outlet subset
- Royalty
- 5.0%
- 12th pct Service Resta…
- Units
- 12
- 41st pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Quick-Service Restaurants median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $455K – $1.2M including a $35K franchise fee, 5.0% ongoing royalty.
- RETURNSItem 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands.
- RISKVerdict C (Average), verdict score 46/100 (higher is better).
- GROWTHPositive: net +7 franchised outlets in the latest year (0 opened, 0 closed) (Item 20).
- FLAGAuditor disclosed a going-concern note, which flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Slice House Franchising, LLC
- CEO title
- President
- George Karpaty
- Incorporated in
- Nevada
- HQ
- 2505 Anthem Village Drive, Suite E21, Henderson, Nevada 89052
- Auditor
- GBQ Partners LLC
- Audited financials
- Franchisor revenue
- $1.2M
- vs $592K prior year
- ⚠ Going-concern note
- Disclosed in FDD 2025
- Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.
Overview
About
- CEO
- George Karpaty
- Headquarters
- NV
- Founded
- 2021
- FDD year
- 2025
- States available
- 2
Can you afford it, and what does the money buy?
Entry cost runs 70% above the typical quick-service restaurants franchise.
Source: FDD 2025 · Items 5–7
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.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $455K – $1.2M
- Bottom third — review vs category
- Liquid capital req'd
- $12K – $17K
- Top 40% of category vs category
- Franchise fee
- $35K – $35K
- Middle of category vs category
- Royalty
- 5.0%
- typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
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 | $3K |
| Renewal fee | $9K |
| Inventory (initial) | $13K – $15K |
| Total fee load | 6.0% of rev |
What do units actually make?
Source: FDD 2025 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
No Item 19 revenue figure for SLICE HOUSE BY TONY GEMIGNANI is on file. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one SLICE HOUSE BY TONY GEMIGNANI unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for annual revenue, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
Reported for a subset of outlets rather than the whole system
- Item 19 type
- gross sales
- Range (low → high)
- $2.6M→$3.0MCited, not corroborated — printed on page 68 of the 2025 FDD. Nothing else in our record independently restates or re-derives it.
- Cohort dispersion (min → max)
- Reporting year
- 2023
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2023
- Transparency
- 6 / 10
- vs category median 4 / 10 · above
Compared against 781 Quick-Service Restaurants brands
Item 19 · by group
What the filing does disclose
Item 19 of this FDD reports performance in more than one group. We publish no single average for this brand; the groups the filing does disclose are listed below, quoted from its own Item 19 table.
Each row below is quoted from the FDD's own Item 19 table. Gross sales are not profit.
Outlet subsetItem 19 detail
affiliate owned
| Segment | Sample | Avg |
|---|---|---|
| Affiliate-Owned Restaurant (Walnut Creek, CA) - 2020 | 1 | $2.1M |
| Affiliate-Owned Restaurant (Walnut Creek, CA) - 2021 | 1 | $2.6M |
| Affiliate-Owned Restaurant (Walnut Creek, CA) - 2022 | 1 | $3.1M |
licensee
| Segment | Sample | Avg |
|---|---|---|
| Disclosed Licensed Restaurant - Belmont - 2022 | 1 | $2.2M |
| Disclosed Licensed Restaurant - San Leandro - 2022 | 1 | $1.7M |
| Disclosed Licensed Restaurant - Haight Street - 2020 | 1 | $1.6M |
| Disclosed Licensed Restaurant - Haight Street - 2021 | 1 | $1.9M |
| Disclosed Licensed Restaurant - Haight Street - 2022 | 1 | $2.3M |
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 6.0% — below the Quick-Service Restaurants median of 7.5%.
Disclosure
Item 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands.
Multi-unit rate
Only 1% of franchisees own multiple units. Could indicate challenging economics or a young system where operators haven't had time to expand.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Quick-Service Restaurants medians
How Slice House By Tony Gemignani Compares
Category median of published Quick-Service Restaurants brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 12
- Opened
- 0
- Last reporting year
- Closed
- 0
- Turnover rate
- N/A
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 75%
- vs corporate-owned
- Multi-unit owners
- 1.0%
Last fiscal year · Item 20 exits and transfers
- Projected new
- 2
- Franchisor's next-year forecast
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).
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.
Where the owners are · Item 20 owner list
13 current owners across 4 states.
- CA 9
- NV 2
- ID 1
- UT 1
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
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
- Under 10 loans (2)
- Insufficient SBA coverage: 2 loans, rate hidden below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- Under 10 loans (2)
- 5-yr charge-off
- Under 10 loans (2)
- Loans approved 2021+
- Active lenders
- 2
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
The auditor flagged going-concern doubt (Item 21) — the single biggest risk here.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Litigation (Item 3)
Subject: the franchisor is a named party (defendant).
Commissioner of Financial Protection and Innovation v. Karpaty & Gemignani, LLC and Wiseguy's Restaurants, LLC: California DFPI Consent Order executed Sept 19, 2022 after self-reported violations of Cal. Corp. Code Sections 31110 and 31119 (failure to properly claim exemption / register for 8 licenses sold 2016-2021). Affiliates agreed to pay $40,000 penalty and cease and desist.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · GBQ Partners LLCⓘ Going-concern language present, but this is an early-stage franchisor with limited operating history — common for new systems and not necessarily a sign of distress.
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Franchisor revenue for FY2022 shown is royalty revenue only ($117,268); franchisor was in early development stage with only 4 outlets systemwide (3 franchised, 1 company/affiliate-owned) at end of 2022.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
Score breakdown · what drove the 46 / 100 verdict
- 01MINORNet loss -$127,741, net worth -$519
- 02MINORCA DFPI consent order (registration violations)
- 03MEDVery limited history, 4 units
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 6.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory sizeℹ | Radius/Geographic |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 2 |
| Curable defaultsℹ | 4 |
| Mandatory arbitration | Yes |
| Arbitration location | Henderson, Nevada |
| Jury trial waiver | Yes |
| Governing law | Nevada |
| Litigation count | 1 |
View Item 3 litigation summary
Commissioner of Financial Protection and Innovation v. Karpaty & Gemignani, LLC and Wiseguy's Restaurants, LLC: California DFPI Consent Order executed Sept 19, 2022 after self-reported violations of Cal. Corp. Code Sections 31110 and 31119 (failure to properly claim exemption / register for 8 licenses sold 2016-2021). Affiliates agreed to pay $40,000 penalty and cease and desist.
Items 10, 11
Training & Operations
- Classroom training
- 0 hrs
- On-the-job training
- 250 hrs
- Ongoing training
- Required
- Site selection
- franchisor_approves_franchisee_proposed
- Franchisor financing
- Not offered
- Item 10
- POS system
- Toast
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Toast
Item 20 · call current owners
Franchisee Contacts
13 owners to call
Name · phone · city · state. Extracted from FDD Item 20
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?
Item 19 of the SLICE HOUSE BY TONY GEMIGNANI FDD discloses outlet figures from $2.6M to $3.0M but no single average across all outlets. These are gross sales figures, not profit; the Revenue section shows what the filing reports and on what basis. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns SLICE HOUSE BY TONY GEMIGNANI?
SLICE HOUSE BY TONY GEMIGNANI is franchised by Slice House Franchising, LLC. Source: FDD Item 1, 2025 filing.
What is Item 19 in the SLICE HOUSE BY TONY GEMIGNANI FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the SLICE HOUSE BY TONY GEMIGNANI FDD and qualifies whose outlets they describe.
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 11 franchised units and 1 company-owned units.
Is SLICE HOUSE BY TONY GEMIGNANI a good franchise to buy?
FranchiseVerdict rates SLICE HOUSE BY TONY GEMIGNANI as a C-grade franchise with a verdict score of 46 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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.
For franchisors
Are you the franchisor?
If you represent SLICE HOUSE BY TONY GEMIGNANI, you can request corrections or provide updated information.
Other Quick-Service Restaurants franchises
Compare similar franchise opportunities in the Quick-Service Restaurants category
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.