Smokin’ Oak Wood-Fired Pizza
Formerly known as Fourth Avenue Restaurant Group
Bottom line
- Total investment $449K – $891K including a $50K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $982K/year (median $890K).
- Rated MODERATE with a risk score of 57/100. SBA loan default rate of 0.0% across 13 loans (below the industry average).
- No protected territory and the franchisor reserves the right to compete in your area. Clarify territorial boundaries before signing.
Item 1 · who you're contracting with
The Franchisor
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 Smokin’ Oak Wood-Fired Pizza unit return on the cash you put in?
Unlevered ROIC · per unit
21%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Smokin’ Oak Wood-Fired Pizza units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.6M
on $7.9M purchase
Total debt
$6.3M
SBA $3.9M + senior + seller note
Overview
About
Franchisees operate wood-fired pizza restaurants featuring artisanal, scratch-made pizzas cooked in traditional ovens. Day-to-day operations include dough preparation, ingredient sourcing, front-of-house service, and managing the specialized equipment and high-heat cooking environment. The business model emphasizes premium positioning and experiential dining focused on quality ingredients and traditional cooking methods.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 16 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 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.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Early-stage wood-fired pizza concept with minimal unit count, undisclosed profitability metrics, no territory protection, and franchisor going concern issues presents elevated capital and operational risk.
Score breakdown · what drove the 57 / 100 rating
- 01HIGHGoing Concern status indicates franchisor financial distress or operational instability
- 02MEDNet Income not disclosed in Item 19 prevents ROI validation and profitability assessment
- 03MINOROnly 7 units with unknown growth trajectory suggests stagnant or contracting system
- 04MINORNo territory protection creates direct competition risk within same market
- 05MINORHigh investment range ($448K-$891K) with unproven unit economics creates capital risk
- 06MED6% royalty on undisclosed net income means franchisees cannot forecast break-even accurately
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
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
22 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Smokin’ Oak Wood-Fired Pizza · FDD (2025) PDF