Pizza Boli's vs Papa Ray's Pizza & Wings
Franchise Comparison 2026
Both Pizza Boli's and Papa Ray's Pizza & Wings are quick-service restaurants franchises. Pizza Boli's requires an investment of $218K – $459K while Papa Ray's Pizza & Wings requires $214K – $464K. Neither Pizza Boli'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 Pizza Boli's D (Below average) and Papa Ray's Pizza & Wings D (Below average).
| Metric | Pizza Boli's | Papa Ray's Pizza & Wings |
|---|---|---|
| Verdict Grade | DBelow average | DBelow average |
| Investment Range | $218K – $459K | $214K – $464K |
| Franchise Fee | $24K | $30K |
| Royalty Rate | 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 | 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 | 84 | 5 |
| Unit Growth (YoY) | +0 units | -2 units |
| Year Began Franchising | 1997 | 2014 |
| FDD Year | 2024 | 2025 |
Investment Range
$218K – $459K
$214K – $464K
Franchise Fee
$24K
$30K
Royalty Rate
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
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
84
5
Unit Growth (YoY)
+0 units
-2 units
Year Began Franchising
1997
2014
FDD Year
2024
2025