Beard Papa’s vs Papa Ray's Pizza & Wings
Franchise Comparison 2026
Both Beard Papa’s and Papa Ray's Pizza & Wings are quick-service restaurants franchises. Beard Papa’s requires an investment of $201K – $477K while Papa Ray's Pizza & Wings requires $214K – $464K. Neither Beard Papa’s nor Papa Ray's Pizza & Wings makes a financial performance representation in Item 19 of its FDD — a voluntary item under the FTC Franchise Rule — so the two cannot be compared on disclosed unit revenue. FranchiseVerdict rates Beard Papa’s C (Average) and Papa Ray's Pizza & Wings D (Below average).
| Metric | Beard Papa’s | Papa Ray's Pizza & Wings |
|---|---|---|
| Verdict Grade | CAverage | DBelow average |
| Investment Range | $201K – $477K | $214K – $464K |
| Franchise Fee | $45K | $30K |
| Royalty Rate | 5.0% | 5.0% |
| Average Revenue (Item 19) | N/ANo Item 19 representation | N/ANo Item 19 representation |
| SBA Charge-Off Rate | Limited data | Limited data |
| Total Units | 36 | 5 |
| Unit Growth (YoY) | -8 units | -2 units |
| Year Began Franchising | 2004 | 2014 |
| FDD Year | 2026 | 2025 |
Investment Range
$201K – $477K
$214K – $464K
Franchise Fee
$45K
$30K
Royalty Rate
5.0%
5.0%
Average Revenue (Item 19)
N/ANo Item 19 representation
N/ANo Item 19 representation
SBA Charge-Off Rate
Limited data
Limited data
Total Units
36
5
Unit Growth (YoY)
-8 units
-2 units
Year Began Franchising
2004
2014
FDD Year
2026
2025