FranchiseVerdict
Your Pie logo
FV-03030·MODERATEExcellent91

Your Pie

Food & Beverage - Full ServiceFranchising since 2013Website
Investment
$411K – $1.2M
55th pct Full Service
Avg revenue
$878K
15th pct Full Service
Royalty
5.0%
15th pct Full Service
Units
61
75th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $411K – $1.2M including a $35K franchise fee, 5.0% ongoing royalty.
  • Average unit revenue of $878K/year (median $821K).
  • Rated MODERATE with a risk score of 57/100. SBA loan default rate of 0.0% across 61 loans (below the industry average).
  • System contracting at -14.3% 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
Your Pie Franchising, LLC
Incorporated in
Georgia
HQ
13010 Morris Road, Suite 100, Alpharetta, Georgia 30004
Auditor
Symphona LLP
Audited financials
Franchisor revenue
$5.8M
vs $4.9M 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 Your Pie unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $877,668
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: $411K–$1.2M
Working capital
$
FDD reports $10K–$50K

Unlevered ROIC · per unit

17%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$140K
EBITDA margin
16.0%
Total invested
$842K
Payback
72 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.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Your Pie units return on equity?

Edit assumptions

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

Your Pie franchisees operate fast-casual pizza restaurants featuring wood-fired or high-speed ovens and customizable pies. Day-to-day operations include managing a small kitchen team, handling customer orders (dine-in, pickup, delivery), inventory management, and maintaining consistent product quality across a limited menu.

CEO
Kenneth B. Caldwell
Founded
2010
FDD year
2025
States available
13

Item 7 · what it costs

The Vitals

Total investment
$411K – $1.2M
All-in to open one unit
Liquid capital
$10K – $50K
Cash you must have on hand
Franchise fee
$35K
Royalty
5.0%
Percentage of Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
7.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$878K
Per unit, per year
Median gross sales
$821K
Item 19 type
Average and Median Gross Sales
Sample size
55 units
vs category median 15 · large
Range (low → high)
$279K$1.5M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank15th
vs Food & Beverage - Full Service peers
Investment cost rank55th
Lower investment ranks lower (better)
Royalty rate rank15th
Lower royalty = lower percentile (better)
Unit count rank75th
vs Food & Beverage - Full Service peers
Risk score rank35th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
61
Opened
1
Last reporting year
Closed
7
Turnover rate
11.5%
Company-owned
1
Corporate units in the system
% franchised
98%
vs corporate-owned
Net growth (yr3)
-9.1%
Net unit change last year
3-yr CAGR
-14.3%
Compounded over last 3 years
2023
60-5
Franchised units
2024
66
Franchised units
2025
70
Franchised units

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

Item 20 · 11 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 · 11 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
61
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

57
Risk · 0-100
MODERATE57 / 100

Your Pie shows meaningful contraction signals with declining unit count, undisclosed profitability metrics, and a high investment-to-revenue ratio that warrants deep validation before commitment.

Score breakdown · what drove the 57 / 100 rating

  1. 01MINORUnit count declining 9.1% YoY (61 units) suggests system contraction and potential franchisee struggles
  2. 02MEDNet income not disclosed in Item 19 — cannot assess actual profitability or ROI on $410K-$1.2M investment
  3. 03MINORHigh investment range ($804K spread) with only $877K average revenue creates unfavorable payback scenarios
  4. 04MED5% royalty + typical occupancy/labor costs may leave thin margins given disclosed average revenue
  5. 05MINOR10-year term is long for unproven unit economics in a contracting system

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
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
1 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Georgia

Item 11

Training & Operations

Classroom training
32 hrs
On-the-job training
112 hrs

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

24 numbers

Locked
(415) 972-••••
One Sansome Street, Suite
CA
(626) 818-••••
CA
(904) 813-••••
FL

One-time purchase · CSV download · Validation questions included

FDD download

Your Pie · FDD (2025) PDF

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