Donatos Pizza

    Franchise research report · reviewed 2026 disclosure data

    Researching Donatos Pizza franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources
    Franchising since
    1991
    Source: franchise.org
    Headquarters
    Columbus, OH, United States
    Source: franchise.org

    Donatos Pizza franchise specializes in edge-to-edge pepperoni pizza and authentic Italian-style pies, building a loyal following across the Midwest with its dis

    Headline figures

    Quick facts

    How much does it cost to open a Donatos Pizza franchise?
    The Donatos Pizza Franchise Disclosure Document reports separate estimated initial investments by format: $576,637–$1,067,037 for coverthreeunitdevelopment total (2026 FDD, Item 7, PDF p. 1); $546,637–$1,060,537 for total (13) (2026 FDD, Item 7, PDF p. 25); $576,637–$1,090,537 for total (2026 FDD, Item 7, PDF p. 29). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    Does Donatos Pizza disclose financial performance (Item 19)?
    Yes. The Donatos Pizza FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 73). Figures apply only to the locations and period each one covers. Details
    How many Donatos Pizza locations are there?
    The FDD reports 179 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 79). Existing locations do not indicate territory availability. Details

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1The 2026 FDD (Item 7) estimates opening costs separately by format: $576,637 – $1,067,037 (Coverthreeunitdevelopment total); $546,637 – $1,060,537 (TOTAL (13)); $576,637 – $1,090,537 (TOTAL); several initial fee options apply.
    2. 2Item 19 covers 11 separate groups: other measures for 167 All covered locations; other measures for 51 Company-owned locations; other measures for 116 Franchise-owned locations; revenue and other measures and costs and EBITDA for 27 Franchise-owned locations; revenue and EBITDA and other measures and costs for 15 Franchise-owned locations; revenue and EBITDA and other measures and costs for 17 Franchise-owned locations; revenue and other measures and costs and EBITDA for 40 Franchise-owned locations; EBITDA for Franchise-owned locations; EBITDA for Franchise-owned locations; EBITDA for Franchise-owned locations; EBITDA for Franchise-owned locations. They are not combined.
    3. 3Outlets grew by 3 in 2025, to 179 (United States, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Range across 3 single-unit formats

    2026 FDD · Item 7

    Formats disclosed in Item 7 (3)

    Each format has its own total. The total depends on the format you choose.

    • TOTAL (13)PDF p. 25$546,637 – $1,060,537
    • CoverthreeunitdevelopmentPDF p. 1$576,637 – $1,067,037
    • TOTALPDF p. 29$576,637 – $1,090,537

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    54 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    11 separate populations, shown apart. Revenue is not owner income.

    Locations counted: not stated in the reviewed record

    Other measures · 167 locations

    Who is counted
    All covered
    Period
    2025 net sales
    Excluded
    Nontraditional/kiosks excluded; fourfirstopened2025; onetemporaryremodel; 167consistentinbothyears (51company116franchise).
    Method
    Reportedinternaldata notindependentlyverified/audited; arithmeticmeans sourcecomputed, noagentcalculations. NetSales allrevenue incldelivery/businessinterruption; excludesrefunds,tax,coupons,equipmentresale. Giftcards atredemption. Columbusestablishedhigherbrandrecognition mayexceednewmarket. AllofferCoreProductsdelivery.

    Locations counted: not stated in the reviewed record

    Other measures · 51 locations

    Who is counted
    Company-owned
    Period
    2025 net sales
    Excluded
    Nontraditional/kiosks excluded; fourfirstopened2025; onetemporaryremodel; 167consistentinbothyears (51company116franchise).
    Method
    Reportedinternaldata notindependentlyverified/audited; arithmeticmeans sourcecomputed, noagentcalculations. NetSales allrevenue incldelivery/businessinterruption; excludesrefunds,tax,coupons,equipmentresale. Giftcards atredemption. Columbusestablishedhigherbrandrecognition mayexceednewmarket. AllofferCoreProductsdelivery.

    Locations counted: not stated in the reviewed record

    Other measures · 116 locations

    Who is counted
    Franchise-owned
    Period
    2024 net sales
    Excluded
    Nontraditional/kiosks excluded; fourfirstopened2025; onetemporaryremodel; 167consistentinbothyears (51company116franchise).
    Method
    Reportedinternaldata notindependentlyverified/audited; arithmeticmeans sourcecomputed, noagentcalculations. NetSales allrevenue incldelivery/businessinterruption; excludesrefunds,tax,coupons,equipmentresale. Giftcards atredemption. Columbusestablishedhigherbrandrecognition mayexceednewmarket. AllofferCoreProductsdelivery.

    Locations counted: not stated in the reviewed record

    Revenue, costs, EBITDA and other measures · 27 locations

    Who is counted
    $10,001–$15,000 weeklysales
    Period
    weekly$10,001–$15,000
    Excluded
    Narrative128open37excluded; reasons12missing/improper,4partialyear,3nontraditional,1transfer,6lowrange,1missing report; figuresnotreconciled.
    Method
    Franchiseereported costs commonformat unaudited; EBITDA netsales minusCOGS,labor,controllable. Includesrent/licensing/advertising andspecifiedcontrollables; excludes ownerpay,abovestoremanagement/homeoffice,car/cell/travel. Noindependentaudit; source101vs100andotherdenominators preserved.

    Locations counted: not stated in the reviewed record

    Revenue, EBITDA, costs and other measures · 15 locations

    Who is counted
    $20,001–$25,000 weeklysales
    Period
    weekly$20,001–$25,000
    Excluded
    Narrative128open37excluded; reasons12missing/improper,4partialyear,3nontraditional,1transfer,6lowrange,1missing report; figuresnotreconciled.
    Method
    Franchiseereported costs commonformat unaudited; EBITDA netsales minusCOGS,labor,controllable. Includesrent/licensing/advertising andspecifiedcontrollables; excludes ownerpay,abovestoremanagement/homeoffice,car/cell/travel. Noindependentaudit; source101vs100andotherdenominators preserved.

    Locations counted: not stated in the reviewed record

    Revenue, EBITDA, costs and other measures · 17 locations

    Who is counted
    >$25,000 weeklysales
    Period
    weekly>$25,000
    Excluded
    Narrative128open37excluded; reasons12missing/improper,4partialyear,3nontraditional,1transfer,6lowrange,1missing report; figuresnotreconciled.
    Method
    Franchiseereported costs commonformat unaudited; EBITDA netsales minusCOGS,labor,controllable. Includesrent/licensing/advertising andspecifiedcontrollables; excludes ownerpay,abovestoremanagement/homeoffice,car/cell/travel. Noindependentaudit; source101vs100andotherdenominators preserved.

    Locations counted: not stated in the reviewed record

    Revenue, costs, EBITDA and other measures · 40 locations

    Who is counted
    $15,001–$20,000 weeklysales
    Period
    weekly$15,001–$20,000
    Excluded
    Narrative128open37excluded; reasons12missing/improper,4partialyear,3nontraditional,1transfer,6lowrange,1missing report; figuresnotreconciled.
    Method
    Franchiseereported costs commonformat unaudited; EBITDA netsales minusCOGS,labor,controllable. Includesrent/licensing/advertising andspecifiedcontrollables; excludes ownerpay,abovestoremanagement/homeoffice,car/cell/travel. Noindependentaudit; source101vs100andotherdenominators preserved.

    Locations counted: not stated in the reviewed record

    EBITDA

    Who is counted
    weekly$10001–15000
    Period
    Percent
    Method
    Sourcecomparisonthreshold anddenominator retaineddespitetabledifferences.

    Locations counted: not stated in the reviewed record

    EBITDA

    Who is counted
    weekly$20001–25000
    Period
    Percent
    Method
    Sourcecomparisonthreshold anddenominator retaineddespitetabledifferences.

    Locations counted: not stated in the reviewed record

    EBITDA

    Who is counted
    weekly$15001–20000
    Period
    Percent
    Method
    Sourcecomparisonthreshold anddenominator retaineddespitetabledifferences.

    Locations counted: not stated in the reviewed record

    EBITDA

    Who is counted
    weekly>$25000
    Period
    Percent
    Method
    Sourcecomparisonthreshold anddenominator retaineddespitetabledifferences.

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

    United States, as labeled in the FDD · counts as of 2025 of each year.

    2026 FDD · Item 20 · PDF p. 79

    Net −75 outlets, 2023–2025

    0254202317620241792025−78+3

    Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2026 Item 7 estimate ($546,637 – $1,090,537) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Reported units went from 176 to 179 in 2025. How many new units opened, closed or changed hands?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2026 FDD)

    1. [1]Item 19 — Locations counted not stated in the reviewed record — All covered · PDF p. 73
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Company-owned · PDF p. 73; PDF p. 74
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Franchise-owned · PDF p. 74
    4. [4]Item 19 — Locations counted not stated in the reviewed record — $10,001–$15,000 weeklysales · PDF p. 75
    5. [5]Item 19 — Locations counted not stated in the reviewed record — $20,001–$25,000 weeklysales · PDF p. 75; PDF p. 76
    6. [6]Item 19 — Locations counted not stated in the reviewed record — >$25,000 weeklysales · PDF p. 75; PDF p. 76
    7. [7]Item 19 — Locations counted not stated in the reviewed record — $15,001–$20,000 weeklysales · PDF p. 75
    8. [8]Item 19 — Locations counted not stated in the reviewed record — weekly$10001–15000 · PDF p. 75
    9. [9]Item 19 — Locations counted not stated in the reviewed record — weekly$20001–25000 · PDF p. 76
    10. [10]Item 19 — Locations counted not stated in the reviewed record — weekly$15001–20000 · PDF p. 75
    11. [11]Item 19 — Locations counted not stated in the reviewed record — weekly>$25000 · PDF p. 76
    12. [12]Outlet counts — Item 20, Table 1 · PDF p. 79

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD

    Territory & operations

    These are contract disclosures, not confirmation that any territory is currently available.

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025cash and cash equivalents$2,024,456
    2025inventoryMore than one value recorded for this year — open the FDD source before comparing$1,184,189
    2025prepaid expenses and other current assets$2,166,506
    2025total current assets$8,099,431
    2025property and equipment land and land improvements$14,613,393
    2025buildings$33,412,673
    2025accumulated depreciation-$60,886,728
    2025operating lease right-of-use assets$7,112,577
    2025intangible assets$2,723,569
    2025other investments$1,312,299
    2025total other assets$12,684,869
    2025total assets$51,180,696
    2025accounts payable$1,554,075
    2025accrued taxes$986,941
    2025other accrued liabilities$1,862,473
    2025current portion of operating lease liabilities$1,217,959
    2025total current liabilities$8,429,453
    2025long-term obligations,net of current portion mortgages and term notes payable$14,836,800
    2025operating lease liabilities$6,136,555
    2025deferred compensation$1,264,134
    2025asset retirement liability$563,019
    2025total liabilities$39,433,511
    2025members' capital donatos pizzeria,llc member's capital contributed capital$15,000,000
    2025accumulated deficit-$10,424,932
    2025total donatos pizzeria,llc member's capital$4,575,068
    2025noncontrolling interests in members' equity$7,172,117
    2025total members' capital$11,747,185
    2025total liabilities and members' capital$51,180,696
    2025bakery sales$9,443,827
    2025licensing and development fee revenue$6,338,531
    2025advertising funds revenue$2,841,165
    2025total revenues$95,415,370
    2025depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$3,436,549
    2025operating income$6,090,203
    2025net interest expenseMore than one value recorded for this year — open the FDD source before comparing-$1,139,410
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$4,950,793
    2025net income attributable to noncontrolling interests in members' equity$3,716,836
    2025bad debt expense$12,000
    2025loss on other investmentsMore than one value recorded for this year — open the FDD source before comparing$163,354
    2025total adjustments$2,097,884
    2025accounts receivable-$128,177
    2025inventoryMore than one value recorded for this year — open the FDD source before comparing$223,524
    2025prepaid expenses and other assets-$215,435
    2025accounts payable and accrued liabilities-$828,918
    2025deferred franchise and development feesMore than one value recorded for this year — open the FDD source before comparing$518,996
    2025operating lease assets and liabilities,net-$7,823
    2025net cash provided by operating activities$7,048,677
    2025purchases of property and equipment-$4,352,553
    2025proceeds from sale of property and equipment$1,575,682
    2025distributions received from investments$100,636
    2025net cash used in investing activities-$2,676,235
    2025payment of debt issuance costs-$134,079
    2025distributions paid-$4,623,458
    2025net cash used in financing activities-$5,976,172
    2025net decrease in cash and cash e q uivalents-$1,603,730
    2025beginning of year$3,628,186
    2025end of year$2,024,456
    2025net interest expenseMore than one value recorded for this year — open the FDD source before comparing$1,139,410
    2025city income taxes$51,914
    2025depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$3,436,549
    2025adjusted ebitda$9,742,020
    2025net income 2025More than one value recorded for this year — open the FDD source before comparing$1,233,957
    2025net income 2025More than one value recorded for this year — open the FDD source before comparing$3,716,836
    2025distributions 2025More than one value recorded for this year — open the FDD source before comparing-$412,500
    2025distributions 2025More than one value recorded for this year — open the FDD source before comparing-$4,210,958
    2025distributions 2025More than one value recorded for this year — open the FDD source before comparing-$4,623,458
    2025balance - 2025More than one value recorded for this year — open the FDD source before comparing$7,172,117
    2025balance - 2025More than one value recorded for this year — open the FDD source before comparing$11,747,185
    2025accounts receivable,net$2,724,280
    2025equipment$42,307,840
    2025total long-term obligations$31,004,058
    2025automobiles$108,442
    2025accrued payroll and related liabilities$824,991
    2025current portion of notes payable$1,983,014
    2025equipment notes payable$3,172,204
    2025deferred franchise and development feesMore than one value recorded for this year — open the FDD source before comparing$5,031,346
    2025total property and equipment,net$30,396,396
    2025borrow ings on notes payable$4,735,000
    2025construction-in-progress$840,776
    2025deposits and other assets$1,536,424
    2025net sales$76,791,847
    2025operating expenses$85,888,618
    2025gain on the dis p osition of assets-$1,150,040
    2025cash flows from financing activities payments on notes payable-$5,953,635
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$1,233,957
    2025depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$3,510,403
    2025loss on other investmentsMore than one value recorded for this year — open the FDD source before comparing$163,354
    2025net income 2025More than one value recorded for this year — open the FDD source before comparing$4,950,793
    2024cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing$3,628,186
    2024accounts receivable,netMore than one value recorded for this year — open the FDD source before comparing$2,606,125
    2024prepaid expenses and other current assetsMore than one value recorded for this year — open the FDD source before comparing$1,951,071
    2024property and equipment land and land improvementsMore than one value recorded for this year — open the FDD source before comparing$14,472,265
    2024buildingsMore than one value recorded for this year — open the FDD source before comparing$32,358,923
    2024equipmentMore than one value recorded for this year — open the FDD source before comparing$39,976,264
    2024automobilesMore than one value recorded for this year — open the FDD source before comparing$108,442
    2024construction-in-progressMore than one value recorded for this year — open the FDD source before comparing$844,562
    2024accumulated depreciationMore than one value recorded for this year — open the FDD source before comparing-$57,880,704
    2024total property and equipment,netMore than one value recorded for this year — open the FDD source before comparing$29,879,752
    2024operating lease right-of-use assetsMore than one value recorded for this year — open the FDD source before comparing$8,828,400
    2024other investmentsMore than one value recorded for this year — open the FDD source before comparing$1,576,289
    2024deposits and other assetsMore than one value recorded for this year — open the FDD source before comparing$1,538,402
    2024total assetsMore than one value recorded for this year — open the FDD source before comparing$54,139,507
    2024accounts payableMore than one value recorded for this year — open the FDD source before comparing$1,859,064
    2024accrued payroll and related liabilitiesMore than one value recorded for this year — open the FDD source before comparing$936,671
    2024accrued taxesMore than one value recorded for this year — open the FDD source before comparing$966,834
    2024current portion of notes payableMore than one value recorded for this year — open the FDD source before comparing$5,230,455
    2024total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing$12,508,368
    2024long-term obligations,net of current portion mortgages and term notes payableMore than one value recorded for this year — open the FDD source before comparing$11,969,063
    2024equipment notes payableMore than one value recorded for this year — open the FDD source before comparing$4,065,476
    2024operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$7,828,293
    2024deferred franchise and development feesMore than one value recorded for this year — open the FDD source before comparing$4,512,350
    2024asset retirement liabilityMore than one value recorded for this year — open the FDD source before comparing$563,019
    2024total long-term obligationsMore than one value recorded for this year — open the FDD source before comparing$30,211,289
    2024total liabilitiesMore than one value recorded for this year — open the FDD source before comparing$42,719,657
    2024accumulated deficitMore than one value recorded for this year — open the FDD source before comparing-$11,246,389
    2024total members' capitalMore than one value recorded for this year — open the FDD source before comparing$11,419,850
    2024total liabilities and members' capitalMore than one value recorded for this year — open the FDD source before comparing$54,139,507
    2024net salesMore than one value recorded for this year — open the FDD source before comparing$79,802,079
    2024bakery sales$9,095,806
    2024total revenuesMore than one value recorded for this year — open the FDD source before comparing$97,659,051
    2024operating expensesMore than one value recorded for this year — open the FDD source before comparing$90,974,503
    2024depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$3,538,908
    2024net interest expenseMore than one value recorded for this year — open the FDD source before comparing-$946,192
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing-$118,982
    2024bad debt expenseMore than one value recorded for this year — open the FDD source before comparing$12,000
    2024depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$3,549,871
    2024loss on other investmentsMore than one value recorded for this year — open the FDD source before comparing$325,896
    2024accounts receivable-$388,606
    2024prepaid expenses and other assets$81,320
    2024deferred franchise and development feesMore than one value recorded for this year — open the FDD source before comparing$956,600
    2024operating lease assets and liabilities,netMore than one value recorded for this year — open the FDD source before comparing$428,846
    2024cash flows from investing activities payments received on note receivableMore than one value recorded for this year — open the FDD source before comparing$110,625
    2024purchases of property and equipmentMore than one value recorded for this year — open the FDD source before comparing-$5,301,872
    2024net cash used in investing activitiesMore than one value recorded for this year — open the FDD source before comparing-$4,484,457
    2024cash flows from financing activities payments on notes payable-$2,047,796
    2024payment of debt issuance costs-$95,047
    2024net cash used in financing activitiesMore than one value recorded for this year — open the FDD source before comparing-$2,801,466
    2024beginning of yearMore than one value recorded for this year — open the FDD source before comparing$4,740,939
    2024end of yearMore than one value recorded for this year — open the FDD source before comparing$3,628,186
    2024net interest expenseMore than one value recorded for this year — open the FDD source before comparing$946,192
    2024city income taxes$653,588
    2024depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$3,538,908
    2024loss on other investmentsMore than one value recorded for this year — open the FDD source before comparing$325,896
    2024cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing$3,212,049
    2024cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing$4,598,072
    2024accounts receivable,netMore than one value recorded for this year — open the FDD source before comparing$2,778,458
    2024accounts receivable,netMore than one value recorded for this year — open the FDD source before comparing$2,262,229
    2024prepaid expenses and other current assetsMore than one value recorded for this year — open the FDD source before comparing$1,641,930
    2024total current assetsMore than one value recorded for this year — open the FDD source before comparing$8,922,592
    2024total current assetsMore than one value recorded for this year — open the FDD source before comparing$9,594,604
    2024property and equipment land and land improvementsMore than one value recorded for this year — open the FDD source before comparing$13,841,804
    2024buildingsMore than one value recorded for this year — open the FDD source before comparing$32,358,923
    2024equipmentMore than one value recorded for this year — open the FDD source before comparing$39,976,264
    2024equipmentMore than one value recorded for this year — open the FDD source before comparing$38,853,299
    2024automobilesMore than one value recorded for this year — open the FDD source before comparing$108,442
    2024automobilesMore than one value recorded for this year — open the FDD source before comparing$108,442
    2024construction-in-progressMore than one value recorded for this year — open the FDD source before comparing$844,562
    2024total property and equipment,netMore than one value recorded for this year — open the FDD source before comparing$29,192,533
    2024operating lease right-of-use assetsMore than one value recorded for this year — open the FDD source before comparing$10,084,849
    2024intangible assetsMore than one value recorded for this year — open the FDD source before comparing$2,723,569
    2024other investmentsMore than one value recorded for this year — open the FDD source before comparing$1,576,289
    2024other investmentsMore than one value recorded for this year — open the FDD source before comparing$1,876,107
    2024deposits and other assetsMore than one value recorded for this year — open the FDD source before comparing$1,821,073
    2024deposits and other assetsMore than one value recorded for this year — open the FDD source before comparing$1,934,718
    2024total other assetsMore than one value recorded for this year — open the FDD source before comparing$16,619,243
    2024total assetsMore than one value recorded for this year — open the FDD source before comparing$54,531,468
    2024total assetsMore than one value recorded for this year — open the FDD source before comparing$55,406,380
    2024accounts payableMore than one value recorded for this year — open the FDD source before comparing$1,431,762
    2024accrued taxesMore than one value recorded for this year — open the FDD source before comparing$966,834
    2024accrued taxesMore than one value recorded for this year — open the FDD source before comparing$933,630
    2024other accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing$2,101,288
    2024other accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing$1,742,161
    2024current portion of notes payableMore than one value recorded for this year — open the FDD source before comparing$5,230,455
    2024current portion of notes payableMore than one value recorded for this year — open the FDD source before comparing$4,012,162
    2024equipment notes payableMore than one value recorded for this year — open the FDD source before comparing$1,958,333
    2024operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$7,828,293
    2024operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$9,069,231
    2024deferred compensationMore than one value recorded for this year — open the FDD source before comparing$1,273,088
    2024deferred compensationMore than one value recorded for this year — open the FDD source before comparing$1,282,057
    2024deferred franchise and development feesMore than one value recorded for this year — open the FDD source before comparing$3,555,750
    2024asset retirement liabilityMore than one value recorded for this year — open the FDD source before comparing$563,019
    2024asset retirement liabilityMore than one value recorded for this year — open the FDD source before comparing$563,019
    2024total long-term obligationsMore than one value recorded for this year — open the FDD source before comparing$30,493,960
    2024total long-term obligationsMore than one value recorded for this year — open the FDD source before comparing$30,131,324
    2024members' capital donatos pizzeria,llc member's capital contributed capitalMore than one value recorded for this year — open the FDD source before comparing$15,000,000
    2024members' capital donatos pizzeria,llc member's capital contributed capitalMore than one value recorded for this year — open the FDD source before comparing$15,000,000
    2024accumulated deficitMore than one value recorded for this year — open the FDD source before comparing-$11,246,389
    2024total donatos pizzeria,llc member's capitalMore than one value recorded for this year — open the FDD source before comparing$3,753,611
    2024total donatos pizzeria,llc member's capitalMore than one value recorded for this year — open the FDD source before comparing$5,184,648
    2024noncontrolling interests in members' equityMore than one value recorded for this year — open the FDD source before comparing$8,387,418
    2024total members' capitalMore than one value recorded for this year — open the FDD source before comparing$12,141,029
    2024total members' capitalMore than one value recorded for this year — open the FDD source before comparing$13,975,686
    2024total liabilities and members' capitalMore than one value recorded for this year — open the FDD source before comparing$54,531,468
    2024total liabilities and members' capitalMore than one value recorded for this year — open the FDD source before comparing$55,406,380
    2024baker y salesMore than one value recorded for this year — open the FDD source before comparing$9,095,806
    2024baker y salesMore than one value recorded for this year — open the FDD source before comparing$10,606,888
    2024licensing and development fee revenueMore than one value recorded for this year — open the FDD source before comparing$6,685,473
    2024advertisin g funds revenueMore than one value recorded for this year — open the FDD source before comparing$2,479,000
    2024advertisin g funds revenueMore than one value recorded for this year — open the FDD source before comparing$2,408,000
    2024total revenuesMore than one value recorded for this year — open the FDD source before comparing$104,041,742
    2024operating expensesMore than one value recorded for this year — open the FDD source before comparing$90,661,902
    2024operating expensesMore than one value recorded for this year — open the FDD source before comparing$94,797,574
    2024de p reciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$3,394,426
    2024o p eratin g incomeMore than one value recorded for this year — open the FDD source before comparing$3,770,158
    2024net interest expenseMore than one value recorded for this year — open the FDD source before comparing-$946,192
    2024net interest expenseMore than one value recorded for this year — open the FDD source before comparing-$968,687
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$2,823,966
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$4,881,055
    2024net income attributable to noncontrolling interests in members' equityMore than one value recorded for this year — open the FDD source before comparing$3,427,002
    2024netMore than one value recorded for this year — open the FDD source before comparing-$118,982
    2024netMore than one value recorded for this year — open the FDD source before comparing$1,454,053
    2024bad debt expenseMore than one value recorded for this year — open the FDD source before comparing$12,000
    2024depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$3,398,370
    2024loss on other investmentsMore than one value recorded for this year — open the FDD source before comparing$22,209
    2024gain) loss on the disposition of assetsMore than one value recorded for this year — open the FDD source before comparing$22,606
    2024accounts receivable and other assetsMore than one value recorded for this year — open the FDD source before comparing-$398,043
    2024accounts receivable and other assetsMore than one value recorded for this year — open the FDD source before comparing-$252,771
    2024inventoryMore than one value recorded for this year — open the FDD source before comparing-$351,026
    2024inventoryMore than one value recorded for this year — open the FDD source before comparing$577,380
    2024accounts payable and accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$1,043,488
    2024accounts payable and accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing$750,774
    2024deferred franchise and development feesMore than one value recorded for this year — open the FDD source before comparing$909,343
    2024total adjustmentsMore than one value recorded for this year — open the FDD source before comparing$3,075,934
    2024total adjustmentsMore than one value recorded for this year — open the FDD source before comparing$5,502,287
    2024net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing$5,899,900
    2024net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing$10,383,342
    2024cash flows from investing activities payments received on note receivableMore than one value recorded for this year — open the FDD source before comparing$110,625
    2024cash flows from investing activities payments received on note receivableMore than one value recorded for this year — open the FDD source before comparing$124,906
    2024issuance of note receivable-$1,500,000
    2024purchases of property and equipmentMore than one value recorded for this year — open the FDD source before comparing-$5,301,872
    2024purchases of property and equipmentMore than one value recorded for this year — open the FDD source before comparing-$3,358,509
    2024distributions received from investments$3,213,333
    2024net cash used in investing activitiesMore than one value recorded for this year — open the FDD source before comparing-$4,484,457
    2024net cash used in investing activitiesMore than one value recorded for this year — open the FDD source before comparing-$1,520,270
    2024payments on notes payableMore than one value recorded for this year — open the FDD source before comparing-$2,047,796
    2024payments on notes payableMore than one value recorded for this year — open the FDD source before comparing-$2,026,054
    2024payments of debt issuance costs-$95,047
    2024borrowings on notes payable$4,000,000
    2024distributions paidMore than one value recorded for this year — open the FDD source before comparing-$4,658,623
    2024distributions paidMore than one value recorded for this year — open the FDD source before comparing-$3,518,133
    2024net cash used in financing activitiesMore than one value recorded for this year — open the FDD source before comparing-$2,801,466
    2024net cash used in financing activitiesMore than one value recorded for this year — open the FDD source before comparing-$6,193,807
    2024netMore than one value recorded for this year — open the FDD source before comparing$2,669,265
    2024beginning of yearMore than one value recorded for this year — open the FDD source before comparing$4,598,072
    2024beginning of yearMore than one value recorded for this year — open the FDD source before comparing$1,928,807
    2024end of yearMore than one value recorded for this year — open the FDD source before comparing$3,212,049
    2024end of yearMore than one value recorded for this year — open the FDD source before comparing$4,598,072
    2024consolidation of advertisin g funds 2024-$96,661
    2024netMore than one value recorded for this year — open the FDD source before comparing$2,318,430
    2024distributions 2024More than one value recorded for this year — open the FDD source before comparing-$1,312,055
    2024distributions 2024More than one value recorded for this year — open the FDD source before comparing-$3,346,568
    2024balance - 2024More than one value recorded for this year — open the FDD source before comparing$7,666,239
    2024balance - 2024More than one value recorded for this year — open the FDD source before comparing$11,419,850
    2024total donatos pizzeria,llc member's capitalMore than one value recorded for this year — open the FDD source before comparing$3,753,611
    2024current portion of operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$1,229,469
    2024members' capital donatos pizzeria,llc member's capital contributed capitalMore than one value recorded for this year — open the FDD source before comparing$15,000,000
    2024noncontrolling interests in members' equityMore than one value recorded for this year — open the FDD source before comparing$7,666,239
    2024advertising funds revenue$2,479,000
    2024operating income$3,145,640
    2024net income attributable to noncontrolling interests in members' equityMore than one value recorded for this year — open the FDD source before comparing$2,318,430
    2024deferred compensationMore than one value recorded for this year — open the FDD source before comparing$1,273,088
    2024proceeds from sale of property and equipmentMore than one value recorded for this year — open the FDD source before comparing$706,790
    2024inventoryMore than one value recorded for this year — open the FDD source before comparing$1,407,713
    2024total current assetsMore than one value recorded for this year — open the FDD source before comparing$9,593,095
    2024other accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing$2,285,875
    2024intangible assetsMore than one value recorded for this year — open the FDD source before comparing$2,723,569
    2024total other assetsMore than one value recorded for this year — open the FDD source before comparing$14,666,660
    2024licensing and development fee revenueMore than one value recorded for this year — open the FDD source before comparing$6,282,166
    2024accounts payable and accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$548,374
    2024net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing$6,173,170
    2024accumulated depreciationMore than one value recorded for this year — open the FDD source before comparing-$57,100,911
    2024intangible assetsMore than one value recorded for this year — open the FDD source before comparing$2,723,569
    2024accrued payroll and related liabilitiesMore than one value recorded for this year — open the FDD source before comparing$1,814,210
    2024long-term obligations,net of current portion mortgages and term notes payableMore than one value recorded for this year — open the FDD source before comparing$12,251,734
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$2,199,448
    2024gain on the dis p osition of assets-$92,805
    2024inventoryMore than one value recorded for this year — open the FDD source before comparing-$351,026
    2024total adjustmentsMore than one value recorded for this year — open the FDD source before comparing$3,973,722
    2024distributions paidMore than one value recorded for this year — open the FDD source before comparing-$4,658,623
    2024buildingsMore than one value recorded for this year — open the FDD source before comparing$30,429,199
    2024construction-in-progressMore than one value recorded for this year — open the FDD source before comparing$1,331,875
    2024total property and equipment,netMore than one value recorded for this year — open the FDD source before comparing$30,659,545
    2024borrow ings on notes payable$4,000,000
    2024adjusted ebitda$7,664,032
    2024inventoryMore than one value recorded for this year — open the FDD source before comparing$1,092,373
    2024property and equipment land and land improvementsMore than one value recorded for this year — open the FDD source before comparing$14,472,265
    2024total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing$11,896,479
    2024equipment notes payableMore than one value recorded for this year — open the FDD source before comparing$4,065,476
    2024net income attributable to noncontrolling interests in members' equityMore than one value recorded for this year — open the FDD source before comparing$2,942,948
    2024net decrease in cash and cash e q uivalents-$1,112,753
    2024prepaid expenses and other current assetsMore than one value recorded for this year — open the FDD source before comparing$1,524,372
    2024current portion of operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$816,134
    2024total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing$11,299,370
    2024inventoryMore than one value recorded for this year — open the FDD source before comparing$1,407,713
    2024total other assetsMore than one value recorded for this year — open the FDD source before comparing$14,949,331
    2024accrued payroll and related liabilitiesMore than one value recorded for this year — open the FDD source before comparing$936,671
    2024de p reciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$3,226,991
    2024o p eratin g incomeMore than one value recorded for this year — open the FDD source before comparing$5,849,742
    2024operating lease assets and liabilities,netMore than one value recorded for this year — open the FDD source before comparing$428,846
    2024accumulated depreciationMore than one value recorded for this year — open the FDD source before comparing-$55,372,086
    2024operating lease right-of-use assetsMore than one value recorded for this year — open the FDD source before comparing$8,828,400
    2024accounts payableMore than one value recorded for this year — open the FDD source before comparing$1,981,073
    2024current portion of operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$1,229,469
    2024long-term obligations,net of current portion mortgages and term notes payableMore than one value recorded for this year — open the FDD source before comparing$13,702,934
    2024noncontrolling interests in members' equityMore than one value recorded for this year — open the FDD source before comparing$8,791,038
    2024bad debt expenseMore than one value recorded for this year — open the FDD source before comparing$12,000
    2024deferred franchise and development feesMore than one value recorded for this year — open the FDD source before comparing$4,512,350
    2024total liabilitiesMore than one value recorded for this year — open the FDD source before comparing$42,390,439
    2024accumulated deficitMore than one value recorded for this year — open the FDD source before comparing-$9,815,352
    2024gain) loss on the disposition of assetsMore than one value recorded for this year — open the FDD source before comparing-$92,805
    2024cash flows from financing activities net borrowings on line of credit-$649,620
    2024total liabilitiesMore than one value recorded for this year — open the FDD source before comparing$41,430,694
    2024net salesMore than one value recorded for this year — open the FDD source before comparing$84,341,381
    2024depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$3,237,954
    2024licensing and development fee revenueMore than one value recorded for this year — open the FDD source before comparing$6,282,166
    2024deferred franchise and development feesMore than one value recorded for this year — open the FDD source before comparing$956,600
    2024operating lease assets and liabilities,netMore than one value recorded for this year — open the FDD source before comparing$62,376
    2024proceeds from sale of property and equipmentMore than one value recorded for this year — open the FDD source before comparing$706,790
    2024netMore than one value recorded for this year — open the FDD source before comparing-$1,386,023
    2023balanc e - 2023More than one value recorded for this year — open the FDD source before comparing$15,000,000
    2023balanc e - 2023More than one value recorded for this year — open the FDD source before comparing-$10,969,407
    2023balanc e - 2023More than one value recorded for this year — open the FDD source before comparing$8,582,171
    2023balanc e - 2023More than one value recorded for this year — open the FDD source before comparing$12,612,764
    2023distributions 2023More than one value recorded for this year — open the FDD source before comparing-$299,998
    2023distributions 2023More than one value recorded for this year — open the FDD source before comparing-$3,218,135

    These figures describe the franchisor company, not individual franchise locations.

    SBA-backed loans to franchisees

    Loading…

    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

    At a glance

    Business history

    Not reviewed

    Owner participation

    Not reviewed

    Territory language

    Litigation disclosure

    Not reviewed

    Bankruptcy disclosure

    Not reviewed

    Agreement term

    Not reviewed

    Reader notes on wording

    Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: 15–20k EBITDAatabove — Count

      “18 out of the 42 units or 43%, achieved or exceeded the +7.9% EBITDA”

      Note: P.75 states 18 of 42 units achieved/exceeded the +7.9% EBITDA threshold in the $15,001–$20,000 tier, while the same note says 40 stores were included. Tier sample size is unsettled.

    • Item 19 · PDF p. 76 · 2026 FDD

      Our summary: >25k EBITDAatabove — Percent

      “9 out of the 15 units or 53%, achieved or exceeded the 16.4% EBITDA”

      Note: P.76 says 9 out of 15 stores (53%) in the above-$25,000 tier achieved/exceeded the 16.4% EBITDA threshold, while the tier is described as 17 stores.

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: $15,001–$20,000 Median EBITDA

      “The median EBITDA was 8.2%”

      Note: P.75 describes 40 included stores in the $15,001–$20,000 tier but uses 42-unit denominators in its notes. The tier sample and thus this metric’s applicable population are unsettled; Section II totals also conflict (100 vs 101).

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: $15,001–$20,000 COGS belowaverage — Stated denominator

      “20 of the 42 units, or 48%, incurred less than the average Cost of Goods Sold percentage of Net Sales”

      Note: P.75 describes 40 included stores in the $15,001–$20,000 tier but uses 42-unit denominators in its notes. The tier sample and thus this metric’s applicable population are unsettled; Section II totals also conflict (100 vs 101).

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: $15,001–$20,000 COGS belowaverage — Percent

      “20 of the 42 units, or 48%, incurred less than the average Cost of Goods Sold percentage of Net Sales”

      Note: P.75 describes 40 included stores in the $15,001–$20,000 tier but uses 42-unit denominators in its notes. The tier sample and thus this metric’s applicable population are unsettled; Section II totals also conflict (100 vs 101).

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: Average Labor Costs NetSales share — weekly$15,001–$20,000

      “Labor Costs 30.7% 26.3% 24.4% 26.7%”

      Note: P.75 reports 26.3% Labor Costs for the $15,001–$20,000 tier, but says 40 restaurants included while the same note uses 42-unit denominators. Total population also conflicts (100 vs 101, pp.72,74); sample context is unsettled.

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: $15,001–$20,000 Labor belowaverage — Stated denominator

      “23 of the 42 units, or 55%, incurred less than the average Labor Costs percentage of Net Sales”

      Note: P.75 describes 40 included stores in the $15,001–$20,000 tier but uses 42-unit denominators in its notes. The tier sample and thus this metric’s applicable population are unsettled; Section II totals also conflict (100 vs 101).

    • Item 19 · PDF p. 76 · 2026 FDD

      Our summary: $20,001–$25,000 Controllable belowaverage — Percent

      “10 of the 15 units, or 50%, incurred less than the average Controllable Costs percentage of Net Sales”

      Note: P.76 pairs 10 of 15 units with 50% for the $20,001–$25,000 tier. The count and share are internally inconsistent; the FDD does not settle which figure is correct.

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: $15,001–$20,000 Median Controllable Costs

      “The median percentage of Net Sales for Controllable Costs was 33.4%”

      Note: P.75 describes 40 included stores in the $15,001–$20,000 tier but uses 42-unit denominators in its notes. The tier sample and thus this metric’s applicable population are unsettled; Section II totals also conflict (100 vs 101).

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: $15,001–$20,000 Labor belowaverage — Percent

      “23 of the 42 units, or 55%, incurred less than the average Labor Costs percentage of Net Sales”

      Note: P.75 describes 40 included stores in the $15,001–$20,000 tier but uses 42-unit denominators in its notes. The tier sample and thus this metric’s applicable population are unsettled; Section II totals also conflict (100 vs 101).

    • Item 19 · PDF p. 76 · 2026 FDD

      Our summary: $20,001–$25,000 COGS belowaverage — Percent

      “6 of the 15 units, or 41%, incurred less than the average the Cost of Goods Sold percentage of Net Sales”

      Note: P.76 pairs 6 of 15 units with 41% for the $20,001–$25,000 tier. The count and share are internally inconsistent; the FDD does not settle which figure is correct.

    • Item 19 · PDF p. 74 · 2026 FDD

      Our summary: Franchise-owned 2024 — Sample

      “45 of 116 units, or 39%, reported Net Sales for 2024 that exceeded the group’s average Net Sales for 2023 listed above.”

      Note: P.74 states the 2024 franchisee-owned comparison sample is 116 units, but says they exceeded a 2023 average not disclosed in the surrounding table. The applicable comparison context cannot be verified.

    • Item 19 · PDF p. 74 · 2026 FDD

      Our summary: Company-owned 2024 — Sample

      “25 of 51 units, or 49%, reported Net Sales for 2024 that exceeded the group’s average Net Sales for 2023 listed above.”

      Note: P.74 states the 2024 company-owned comparison sample is 51 units, but says they exceeded a 2023 average not disclosed in the surrounding table. The applicable comparison context cannot be verified.

    • Item 19 · PDF p. 74 · 2026 FDD

      Our summary: Franchise-owned 2024 — Count above referencedaverage

      “45 of 116 units, or 39%, reported Net Sales for 2024 that exceeded the group’s average Net Sales for 2023 listed above.”

      Note: P.74 states 45 of 116 franchisee-owned units (39%) exceeded the 2023 average for 2024, but no 2023 average is disclosed in the surrounding table. The comparison context cannot be verified.

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: $15,001–$20,000 Median Labor Costs

      “The median percentage of Net Sales for Labor Costs was 26.1%”

      Note: P.75 describes 40 included stores in the $15,001–$20,000 tier but uses 42-unit denominators in its notes. The tier sample and thus this metric’s applicable population are unsettled; Section II totals also conflict (100 vs 101).

    • Item 19 · PDF p. 74 · 2026 FDD

      Our summary: Company-owned 2024 — Count above referencedaverage

      “25 of 51 units, or 49%, reported Net Sales for 2024 that exceeded the group’s average Net Sales for 2023 listed above.”

      Note: P.74 states 25 of 51 company-owned units (49%) exceeded the 2023 average for 2024, but no 2023 average is disclosed in the surrounding table. The comparison context cannot be verified.

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: Average EBITDA NetSales share — weekly$15,001–$20,000

      “EBITDA -2.8% 7.7% 12.4% 13.9%”

      Note: P.75 reports EBITDA 7.7% for the $15,001–$20,000 tier, but says 40 restaurants included while the same note uses 42-unit denominators. Total population also conflicts (100 vs 101, pp.72,74); sample context is unsettled.

    • Item 19 · PDF p. 74 · 2026 FDD

      Our summary: Company-owned 2024 — Percent above referencedaverage

      “25 of 51 units, or 49%, reported Net Sales for 2024 that exceeded the group’s average Net Sales for 2023 listed above.”

      Note: P.74 states 49% of 51 company-owned units exceeded the 2023 average for 2024, but no 2023 average is disclosed in the surrounding table. The comparison context cannot be verified.

    • Item 19 · PDF p. 74 · 2026 FDD

      Our summary: Franchise-owned 2024 — Percent above referencedaverage

      “45 of 116 units, or 39%, reported Net Sales for 2024 that exceeded the group’s average Net Sales for 2023 listed above.”

      Note: P.74 states 39% of 116 franchisee-owned units exceeded the 2023 average for 2024, but no 2023 average is disclosed in the surrounding table. The comparison context cannot be verified.

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: Average Controllable Costs NetSales share — weekly$15,001–$20,000

      “Controllable Costs 39.8% 34.1% 31.4% 27.4%”

      Note: P.75 reports 34.1% Controllable Costs for the $15,001–$20,000 tier, but says 40 restaurants included while the same note uses 42-unit denominators. Total population also conflicts (100 vs 101, pp.72,74); sample context is unsettled.

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: $15,001–$20,000 COGS belowaverage — Count

      “20 of the 42 units, or 48%, incurred less than the average Cost of Goods Sold percentage of Net Sales”

      Note: P.75 footnote says 40 stores were in the $15,001–$20,000 tier but gives this comparison as 20 of 42. The tier sample size is inconsistent, and overall Section II totals also conflict (100 vs 101).

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: $15,001–$20,000 Labor belowaverage — Count

      “23 of the 42 units, or 55%, incurred less than the average Labor Costs percentage of Net Sales”

      Note: P.75 describes 40 included stores in the $15,001–$20,000 tier but uses 42-unit denominators in its notes. The tier sample and thus this metric’s applicable population are unsettled; Section II totals also conflict (100 vs 101).

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: $15,001–$20,000 Median Cost of Goods Sold

      “The median percentage of Net Sales for Cost of Goods Sold was 32.1%”

      Note: P.75 describes 40 included stores in the $15,001–$20,000 tier but uses 42-unit denominators in its notes. The tier sample and thus this metric’s applicable population are unsettled; Section II totals also conflict (100 vs 101).

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: $15,001–$20,000 Controllable belowaverage — Count

      “24 of the 42 units, or 55%, incurred less than the average Controllable Costs percentage of Net Sales”

      Note: P.75 describes 40 included stores in the $15,001–$20,000 tier but uses 42-unit denominators in its notes. The tier sample and thus this metric’s applicable population are unsettled; Section II totals also conflict (100 vs 101).

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: $15,001–$20,000 Controllable belowaverage — Stated denominator

      “24 of the 42 units, or 55%, incurred less than the average Controllable Costs percentage of Net Sales”

      Note: P.75 describes 40 included stores in the $15,001–$20,000 tier but uses 42-unit denominators in its notes. The tier sample and thus this metric’s applicable population are unsettled; Section II totals also conflict (100 vs 101).

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: Average Cost of Goods Sold NetSales share — weekly$15,001–$20,000

      “Cost of Goods Sold 32.3% 31.9% 31.7% 32.1%”

      Note: P.75 reports 31.9% COGS for the $15,001–$20,000 weekly-sales tier, but says 40 restaurants included while the same note uses 42-unit denominators. Total population also conflicts (100 vs 101, pp.72,74); sample context is unsettled.

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: $15,001–$20,000 Controllable belowaverage — Percent

      “24 of the 42 units, or 55%, incurred less than the average Controllable Costs percentage of Net Sales”

      Note: P.75 describes 40 included stores in the $15,001–$20,000 tier but uses 42-unit denominators in its notes. The tier sample and thus this metric’s applicable population are unsettled; Section II totals also conflict (100 vs 101).

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: 15–20k EBITDAatabove — Stated denominator

      “18 out of the 42 units or 43%, achieved or exceeded the +7.9% EBITDA”

      Note: P.75 says 40 restaurants were included in the $15,001–$20,000 tier but gives 42 as the EBITDA comparison denominator. Sample/population context is unsettled.

    • Item 19 · PDF p. 76 · 2026 FDD

      Our summary: >25k EBITDAatabove — Count

      “9 out of the 15 units or 53%, achieved or exceeded the 16.4% EBITDA”

      Note: P.76 says the above-$25,000 tier contains 17 stores, but its EBITDA comparison uses 9 out of 15 and 53%. The applicable denominator is inconsistent.

    • Item 19 · PDF p. 76 · 2026 FDD

      Our summary: >25k EBITDAatabove — Stated denominator

      “9 out of the 15 units or 53%, achieved or exceeded the 16.4% EBITDA”

      Note: P.76 describes 17 stores in the above-$25,000 tier but uses 15 as the denominator for the EBITDA comparison. The claim’s sample context is unsettled.

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: $15,001–$20,000 EBITDAcomparison threshold

      “achieved or exceeded the +7.9% EBITDA”

      Note: P.75 describes 40 included stores in the $15,001–$20,000 tier but uses 42-unit denominators in its notes. The tier sample and thus this metric’s applicable population are unsettled; Section II totals also conflict (100 vs 101).

    • Item 19 · PDF p. 75 · 2026 FDD

      Our summary: 15–20k EBITDAatabove — Percent

      “18 out of the 42 units or 43%, achieved or exceeded the +7.9% EBITDA”

      Note: P.75 gives 18 of 42 units (43%) for the $15,001–$20,000 tier, but says 40 restaurants were included. Applicable sample context is unsettled.

    • Item 20 · PDF p. 79 · 2026 FDD

      Our summary: Table1 Franchised 2024 — Start

      “2024 127 125 - 2”

      Note: This is not a verifiable national/systemwide Total row for Item 20.

    • Item 20 · PDF p. 79 · 2026 FDD

      Our summary: Table1 Franchised 2024 — End

      “2024 127 125 - 2”

      Note: This is not a verifiable national/systemwide Total row for Item 20.

    • Item 20 · PDF p. 79 · 2026 FDD

      Our summary: Table1 Franchised 2024 — Netchange

      “2024 127 125 - 2”

      Note: This is not a verifiable national/systemwide Total row for Item 20.

    • Item 20 · PDF p. 79 · 2026 FDD

      Our summary: Table1 Franchised 2025 — End

      “2025 125 128 +3”

      Note: This is not a verifiable national/systemwide Total row for Item 20.

    • Item 20 · PDF p. 79 · 2026 FDD

      Our summary: Table1 Franchised 2025 — Netchange

      “2025 125 128 +3”

      Note: This is not a verifiable national/systemwide Total row for Item 20.

    • Item 20 · PDF p. 79 · 2026 FDD

      Our summary: Table1 Company-Owned 2023 — End

      “2023 52 51 - 1”

      Note: This is not a verifiable national/systemwide Total row for Item 20.

    • Item 20 · PDF p. 79 · 2026 FDD

      Our summary: Table1 Company-Owned 2025 — Start

      “2025 51 51 0”

      Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.

    • Item 20 · PDF p. 79 · 2026 FDD

      Our summary: Table1 Company-Owned 2024 — Netchange

      “2024 51 51 0”

      Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.

    • Item 20 · PDF p. 79 · 2026 FDD

      Our summary: Table1 Company-Owned 2023 — Netchange

      “2023 52 51 - 1”

      Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.

    • Item 20 · PDF p. 79 · 2026 FDD

      Our summary: Table1 Company-Owned 2024 — Start

      “2024 51 51 0”

      Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.

    • Item 20 · PDF p. 79 · 2026 FDD

      Our summary: Table1 Company-Owned 2023 — Start

      “2023 52 51 - 1”

      Note: This is not a verifiable national/systemwide Total row for Item 20.

    • Item 20 · PDF p. 79 · 2026 FDD

      Our summary: Table1 Company-Owned 2025 — Netchange

      “2025 51 51 0”

      Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.

    • Item 20 · PDF p. 79 · 2026 FDD

      Our summary: Table1 Company-Owned 2025 — End

      “2025 51 51 0”

      Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.

    • Item 20 · PDF p. 79 · 2026 FDD

      Our summary: Table1 Franchised 2023 — Netchange

      “2023 121 127 +6”

      Note: This is not a verifiable national/systemwide Total row for Item 20.

    • Item 20 · PDF p. 79 · 2026 FDD

      Our summary: Table1 Franchised 2025 — Start

      “2025 125 128 +3”

      Note: This is not a verifiable national/systemwide Total row for Item 20.

    • Item 20 · PDF p. 79 · 2026 FDD

      Our summary: Table1 Company-Owned 2024 — End

      “2024 51 51 0”

      Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.