Papa Ray's Pizza & Wings vs Pizza Boli's
Franchise Comparison 2026
Both Papa Ray's Pizza & Wings and Pizza Boli's are quick-service restaurants franchises. Papa Ray's Pizza & Wings requires an investment of $214K – $464K while Pizza Boli's requires $218K – $459K. Neither Papa Ray's Pizza & Wings nor Pizza Boli's 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 Papa Ray's Pizza & Wings D (Below average) and Pizza Boli's D (Below average).
| Metric | Papa Ray's Pizza & Wings | Pizza Boli's |
|---|---|---|
| Verdict Grade | DBelow average | DBelow average |
| Investment Range | $214K – $464K | $218K – $459K |
| Franchise Fee | $30K | $24K |
| Royalty Rate | 5.0% | Monthly flat Continuing Franchise Fee ranging $900-$4,800/month based on household count in Trade Area (covers both royalties and ad fund contributions); previously 5% of Store Sales royalty + 3.5% ad fee |
| Average Revenue (Item 19) | N/ANo Item 19 representation | N/ANo Item 19 representation |
| SBA Charge-Off Rate | Limited data | Limited data |
| Total Units | 5 | 84 |
| Unit Growth (YoY) | -2 units | +0 units |
| Year Began Franchising | 2014 | 1997 |
| FDD Year | 2025 | 2024 |
Investment Range
$214K – $464K
$218K – $459K
Franchise Fee
$30K
$24K
Royalty Rate
5.0%
Monthly flat Continuing Franchise Fee ranging $900-$4,800/month based on household count in Trade Area (covers both royalties and ad fund contributions); previously 5% of Store Sales royalty + 3.5% ad fee
Average Revenue (Item 19)
N/ANo Item 19 representation
N/ANo Item 19 representation
SBA Charge-Off Rate
Limited data
Limited data
Total Units
5
84
Unit Growth (YoY)
-2 units
+0 units
Year Began Franchising
2014
1997
FDD Year
2025
2024