How Much Does a Papa Ray's Pizza & Wings Franchise Cost?
Data from the 2025 Franchise Disclosure Document
Investment Summary
Total Investment
$214K – $464K
Franchise Fee
$30K
Royalty
5.0%
Ad Fund
2.0%
Cost Breakdown
Initial Franchise Fee
The initial franchise fee for Papa Ray's Pizza & Wings is $30K. This one-time payment covers the right to operate under the brand, access to proprietary systems, and initial training programs.
Total Investment Range
Opening a Papa Ray's Pizza & Wings franchise requires a total investment of $214K – $464K. This range typically includes real estate or leasehold improvements, equipment and fixtures, initial inventory, signage, insurance, and working capital to sustain operations during the ramp-up period.
Working capital alone ranges from $40K to $80K.
Ongoing Costs
Beyond the initial investment, Papa Ray's Pizza & Wings franchisees pay ongoing fees. The royalty fee is 5.0% of gross sales (Gross Sales). The advertising or brand fund contribution is 2.0% of gross sales.
Net Worth & Liquid Capital Requirements
Papa Ray's Pizza & Wings requires working capital of $40K – $80K to cover initial operating expenses. This is the liquid cash you should have available beyond the franchise fee and buildout costs.
What Can You Earn?
Papa Ray's Pizza & Wings does not disclose earnings data in Item 19 of its Franchise Disclosure Document. Not all franchisors choose to publish financial performance representations, though this is a data point many prospective franchisees consider important.
How Do Banks View Papa Ray's Pizza & Wings?
SBA Loans Issued
1
Default Rate
N/A
The SBA (Small Business Administration) tracks loan performance for franchise brands. Papa Ray's Pizza & Wings has 1 SBA-backed loans on record. A lower default rate generally indicates that lenders view the franchise as a safer investment, though past performance does not guarantee future results.
Next Steps
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