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indicates the clear winner per row. Ties and missing data are not highlighted.

How winners are chosen

Lower is better for investment, liquid capital, franchise fee, royalty and ad-fund rates, SBA charge-off rate, and owner turnover.

Higher is better for disclosed revenue and owner earnings, verdict score, total units, net unit growth, and franchisee contacts. For the letter grade, A ranks highest.

A row is highlighted only when one brand clearly leads. Ties are never highlighted, and missing data never counts as a win. Some rows (earnings-metric type, loan counts, contract terms) are informational and have no winner.

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Focus by buyer type

Brand	BAbove average Pieology Quick-Service Restaurants 2025 FDD Remove	AStrongest tier Papa Johns Quick-Service Restaurants 2025 FDD Remove
Vitals
FDD filing	2025 FDD	2025 FDD
Investment range	$304K – $808K	$261K – $853K
Liquid capital	$20K – $50K	$20K – $50K
Franchise fee	$25K	$25K
Royalty rate	5.0%	5.0%
Ad fund rate	2.0%	6.0%
Performance
Avg gross sales	No Item 19 representation	$1.1MNet sales
Median gross sales	Not disclosed	$1.1M
Avg owner earnings Metric varies by brand. Check type below	Not disclosed	Not extracted
Earnings metric	Not classified	Not classified
Risk
Rating	BAbove average	AStrongest tier
Verdict score	56 / 100	73 / 100
SBA charge-off rate	0.0% (n=23)	18.1% (n=323)
SBA loans on record	23	323
Scale
Total units	83	3,291
Net change (latest yr)	-24	+63
Signed, not yet open	0 (0.00 per open outlet)	Not extracted
Turnover rate	28.9%	0.8%
Contract
Initial term (years)	10	10
Renewal term (years)	10	10
Initial training (hrs)	192	496
Contacts
Franchisee phones	31	57

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