Bottom line
- Total investment $25K – $598K including a $30K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $1.1M/year (median $1.1M).
- Rated STRONG with a risk score of 51/100. SBA loan default rate of 0.0% across 25 loans (below the industry average).
- System contracting at -8.6% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).
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 Vocelli Pizza unit return on the cash you put in?
Unlevered ROIC · per unit
38%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Vocelli Pizza units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$906K
on $4.5M purchase
Total debt
$3.6M
SBA $2.3M + senior + seller note
Overview
About
Vocelli Pizza franchisees operate quick-service pizza restaurants, managing daily food preparation, customer service, delivery coordination, and order fulfillment. Day-to-day responsibilities include inventory management, staff scheduling, quality control, local marketing, and maintaining compliance with corporate standards while remitting 5% royalties on all gross sales regardless of profitability.
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 · 7 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
Vocelli Pizza presents CAUTION-level risk: a stagnant franchise system with undisclosed profitability, going concern questions, recent litigation over royalties, and unprotected territory—requiring extensive franchisee validation before investment.
Score breakdown · what drove the 51 / 100 rating
- 01HIGHGoing concern status is FALSE — indicates potential financial instability or undisclosed operational challenges at corporate level
- 02MEDNet income not disclosed in FDD Item 19 — prevents accurate ROI analysis and suggests either poor profitability or corporate unwillingness to share performance data
- 03MINORMinimal unit growth (2.8% YoY) with only 75 locations — stagnant franchise system raises questions about market demand and franchisee satisfaction
- 04HIGHRecent litigation (2023-2024) involving breach of contract, non-compete violations, and royalty non-payment — signals enforceability issues and potential friction in franchisor-franchisee relationships
- 05MINORUnprotected territory — franchisees face direct competition from other Vocelli locations and no contractual protection of their market
- 06MINORWide investment range ($25K-$598K) with vague cost structure — suggests inconsistent unit models or hidden variables affecting startup costs
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
33 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Vocelli Pizza · FDD (2025) PDF