
Donatos Pizza
Franchise research report · reviewed 2026 disclosure data
Researching Donatos Pizza franchise opportunities? Every figure below is cited to the FDD.
- 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
- 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.
- 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.
- 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
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]Item 19 — Locations counted not stated in the reviewed record — All covered · PDF p. 73
- [2]Item 19 — Locations counted not stated in the reviewed record — Company-owned · PDF p. 73; PDF p. 74
- [3]Item 19 — Locations counted not stated in the reviewed record — Franchise-owned · PDF p. 74
- [4]Item 19 — Locations counted not stated in the reviewed record — $10,001–$15,000 weeklysales · PDF p. 75
- [5]Item 19 — Locations counted not stated in the reviewed record — $20,001–$25,000 weeklysales · PDF p. 75; PDF p. 76
- [6]Item 19 — Locations counted not stated in the reviewed record — >$25,000 weeklysales · PDF p. 75; PDF p. 76
- [7]Item 19 — Locations counted not stated in the reviewed record — $15,001–$20,000 weeklysales · PDF p. 75
- [8]Item 19 — Locations counted not stated in the reviewed record — weekly$10001–15000 · PDF p. 75
- [9]Item 19 — Locations counted not stated in the reviewed record — weekly$20001–25000 · PDF p. 76
- [10]Item 19 — Locations counted not stated in the reviewed record — weekly$15001–20000 · PDF p. 75
- [11]Item 19 — Locations counted not stated in the reviewed record — weekly>$25000 · PDF p. 76
- [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.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2025 | cash and cash equivalents | $2,024,456 |
| 2025 | inventoryMore than one value recorded for this year — open the FDD source before comparing | $1,184,189 |
| 2025 | prepaid expenses and other current assets | $2,166,506 |
| 2025 | total current assets | $8,099,431 |
| 2025 | property and equipment land and land improvements | $14,613,393 |
| 2025 | buildings | $33,412,673 |
| 2025 | accumulated depreciation | -$60,886,728 |
| 2025 | operating lease right-of-use assets | $7,112,577 |
| 2025 | intangible assets | $2,723,569 |
| 2025 | other investments | $1,312,299 |
| 2025 | total other assets | $12,684,869 |
| 2025 | total assets | $51,180,696 |
| 2025 | accounts payable | $1,554,075 |
| 2025 | accrued taxes | $986,941 |
| 2025 | other accrued liabilities | $1,862,473 |
| 2025 | current portion of operating lease liabilities | $1,217,959 |
| 2025 | total current liabilities | $8,429,453 |
| 2025 | long-term obligations,net of current portion mortgages and term notes payable | $14,836,800 |
| 2025 | operating lease liabilities | $6,136,555 |
| 2025 | deferred compensation | $1,264,134 |
| 2025 | asset retirement liability | $563,019 |
| 2025 | total liabilities | $39,433,511 |
| 2025 | members' capital donatos pizzeria,llc member's capital contributed capital | $15,000,000 |
| 2025 | accumulated deficit | -$10,424,932 |
| 2025 | total donatos pizzeria,llc member's capital | $4,575,068 |
| 2025 | noncontrolling interests in members' equity | $7,172,117 |
| 2025 | total members' capital | $11,747,185 |
| 2025 | total liabilities and members' capital | $51,180,696 |
| 2025 | bakery sales | $9,443,827 |
| 2025 | licensing and development fee revenue | $6,338,531 |
| 2025 | advertising funds revenue | $2,841,165 |
| 2025 | total revenues | $95,415,370 |
| 2025 | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $3,436,549 |
| 2025 | operating income | $6,090,203 |
| 2025 | net interest expenseMore than one value recorded for this year — open the FDD source before comparing | -$1,139,410 |
| 2025 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $4,950,793 |
| 2025 | net income attributable to noncontrolling interests in members' equity | $3,716,836 |
| 2025 | bad debt expense | $12,000 |
| 2025 | loss on other investmentsMore than one value recorded for this year — open the FDD source before comparing | $163,354 |
| 2025 | total adjustments | $2,097,884 |
| 2025 | accounts receivable | -$128,177 |
| 2025 | inventoryMore than one value recorded for this year — open the FDD source before comparing | $223,524 |
| 2025 | prepaid expenses and other assets | -$215,435 |
| 2025 | accounts payable and accrued liabilities | -$828,918 |
| 2025 | deferred franchise and development feesMore than one value recorded for this year — open the FDD source before comparing | $518,996 |
| 2025 | operating lease assets and liabilities,net | -$7,823 |
| 2025 | net cash provided by operating activities | $7,048,677 |
| 2025 | purchases of property and equipment | -$4,352,553 |
| 2025 | proceeds from sale of property and equipment | $1,575,682 |
| 2025 | distributions received from investments | $100,636 |
| 2025 | net cash used in investing activities | -$2,676,235 |
| 2025 | payment of debt issuance costs | -$134,079 |
| 2025 | distributions paid | -$4,623,458 |
| 2025 | net cash used in financing activities | -$5,976,172 |
| 2025 | net decrease in cash and cash e q uivalents | -$1,603,730 |
| 2025 | beginning of year | $3,628,186 |
| 2025 | end of year | $2,024,456 |
| 2025 | net interest expenseMore than one value recorded for this year — open the FDD source before comparing | $1,139,410 |
| 2025 | city income taxes | $51,914 |
| 2025 | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $3,436,549 |
| 2025 | adjusted ebitda | $9,742,020 |
| 2025 | net income 2025More than one value recorded for this year — open the FDD source before comparing | $1,233,957 |
| 2025 | net income 2025More than one value recorded for this year — open the FDD source before comparing | $3,716,836 |
| 2025 | distributions 2025More than one value recorded for this year — open the FDD source before comparing | -$412,500 |
| 2025 | distributions 2025More than one value recorded for this year — open the FDD source before comparing | -$4,210,958 |
| 2025 | distributions 2025More than one value recorded for this year — open the FDD source before comparing | -$4,623,458 |
| 2025 | balance - 2025More than one value recorded for this year — open the FDD source before comparing | $7,172,117 |
| 2025 | balance - 2025More than one value recorded for this year — open the FDD source before comparing | $11,747,185 |
| 2025 | accounts receivable,net | $2,724,280 |
| 2025 | equipment | $42,307,840 |
| 2025 | total long-term obligations | $31,004,058 |
| 2025 | automobiles | $108,442 |
| 2025 | accrued payroll and related liabilities | $824,991 |
| 2025 | current portion of notes payable | $1,983,014 |
| 2025 | equipment notes payable | $3,172,204 |
| 2025 | deferred franchise and development feesMore than one value recorded for this year — open the FDD source before comparing | $5,031,346 |
| 2025 | total property and equipment,net | $30,396,396 |
| 2025 | borrow ings on notes payable | $4,735,000 |
| 2025 | construction-in-progress | $840,776 |
| 2025 | deposits and other assets | $1,536,424 |
| 2025 | net sales | $76,791,847 |
| 2025 | operating expenses | $85,888,618 |
| 2025 | gain on the dis p osition of assets | -$1,150,040 |
| 2025 | cash flows from financing activities payments on notes payable | -$5,953,635 |
| 2025 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $1,233,957 |
| 2025 | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $3,510,403 |
| 2025 | loss on other investmentsMore than one value recorded for this year — open the FDD source before comparing | $163,354 |
| 2025 | net income 2025More than one value recorded for this year — open the FDD source before comparing | $4,950,793 |
| 2024 | cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing | $3,628,186 |
| 2024 | accounts receivable,netMore than one value recorded for this year — open the FDD source before comparing | $2,606,125 |
| 2024 | prepaid expenses and other current assetsMore than one value recorded for this year — open the FDD source before comparing | $1,951,071 |
| 2024 | property and equipment land and land improvementsMore than one value recorded for this year — open the FDD source before comparing | $14,472,265 |
| 2024 | buildingsMore than one value recorded for this year — open the FDD source before comparing | $32,358,923 |
| 2024 | equipmentMore than one value recorded for this year — open the FDD source before comparing | $39,976,264 |
| 2024 | automobilesMore than one value recorded for this year — open the FDD source before comparing | $108,442 |
| 2024 | construction-in-progressMore than one value recorded for this year — open the FDD source before comparing | $844,562 |
| 2024 | accumulated depreciationMore than one value recorded for this year — open the FDD source before comparing | -$57,880,704 |
| 2024 | total property and equipment,netMore than one value recorded for this year — open the FDD source before comparing | $29,879,752 |
| 2024 | operating lease right-of-use assetsMore than one value recorded for this year — open the FDD source before comparing | $8,828,400 |
| 2024 | other investmentsMore than one value recorded for this year — open the FDD source before comparing | $1,576,289 |
| 2024 | deposits and other assetsMore than one value recorded for this year — open the FDD source before comparing | $1,538,402 |
| 2024 | total assetsMore than one value recorded for this year — open the FDD source before comparing | $54,139,507 |
| 2024 | accounts payableMore than one value recorded for this year — open the FDD source before comparing | $1,859,064 |
| 2024 | accrued payroll and related liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $936,671 |
| 2024 | accrued taxesMore than one value recorded for this year — open the FDD source before comparing | $966,834 |
| 2024 | current portion of notes payableMore than one value recorded for this year — open the FDD source before comparing | $5,230,455 |
| 2024 | total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $12,508,368 |
| 2024 | long-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 |
| 2024 | equipment notes payableMore than one value recorded for this year — open the FDD source before comparing | $4,065,476 |
| 2024 | operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $7,828,293 |
| 2024 | deferred franchise and development feesMore than one value recorded for this year — open the FDD source before comparing | $4,512,350 |
| 2024 | asset retirement liabilityMore than one value recorded for this year — open the FDD source before comparing | $563,019 |
| 2024 | total long-term obligationsMore than one value recorded for this year — open the FDD source before comparing | $30,211,289 |
| 2024 | total liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $42,719,657 |
| 2024 | accumulated deficitMore than one value recorded for this year — open the FDD source before comparing | -$11,246,389 |
| 2024 | total members' capitalMore than one value recorded for this year — open the FDD source before comparing | $11,419,850 |
| 2024 | total liabilities and members' capitalMore than one value recorded for this year — open the FDD source before comparing | $54,139,507 |
| 2024 | net salesMore than one value recorded for this year — open the FDD source before comparing | $79,802,079 |
| 2024 | bakery sales | $9,095,806 |
| 2024 | total revenuesMore than one value recorded for this year — open the FDD source before comparing | $97,659,051 |
| 2024 | operating expensesMore than one value recorded for this year — open the FDD source before comparing | $90,974,503 |
| 2024 | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $3,538,908 |
| 2024 | net interest expenseMore than one value recorded for this year — open the FDD source before comparing | -$946,192 |
| 2024 | net incomeMore than one value recorded for this year — open the FDD source before comparing | -$118,982 |
| 2024 | bad debt expenseMore than one value recorded for this year — open the FDD source before comparing | $12,000 |
| 2024 | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $3,549,871 |
| 2024 | loss on other investmentsMore than one value recorded for this year — open the FDD source before comparing | $325,896 |
| 2024 | accounts receivable | -$388,606 |
| 2024 | prepaid expenses and other assets | $81,320 |
| 2024 | deferred franchise and development feesMore than one value recorded for this year — open the FDD source before comparing | $956,600 |
| 2024 | operating lease assets and liabilities,netMore than one value recorded for this year — open the FDD source before comparing | $428,846 |
| 2024 | cash flows from investing activities payments received on note receivableMore than one value recorded for this year — open the FDD source before comparing | $110,625 |
| 2024 | purchases of property and equipmentMore than one value recorded for this year — open the FDD source before comparing | -$5,301,872 |
| 2024 | net cash used in investing activitiesMore than one value recorded for this year — open the FDD source before comparing | -$4,484,457 |
| 2024 | cash flows from financing activities payments on notes payable | -$2,047,796 |
| 2024 | payment of debt issuance costs | -$95,047 |
| 2024 | net cash used in financing activitiesMore than one value recorded for this year — open the FDD source before comparing | -$2,801,466 |
| 2024 | beginning of yearMore than one value recorded for this year — open the FDD source before comparing | $4,740,939 |
| 2024 | end of yearMore than one value recorded for this year — open the FDD source before comparing | $3,628,186 |
| 2024 | net interest expenseMore than one value recorded for this year — open the FDD source before comparing | $946,192 |
| 2024 | city income taxes | $653,588 |
| 2024 | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $3,538,908 |
| 2024 | loss on other investmentsMore than one value recorded for this year — open the FDD source before comparing | $325,896 |
| 2024 | cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing | $3,212,049 |
| 2024 | cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing | $4,598,072 |
| 2024 | accounts receivable,netMore than one value recorded for this year — open the FDD source before comparing | $2,778,458 |
| 2024 | accounts receivable,netMore than one value recorded for this year — open the FDD source before comparing | $2,262,229 |
| 2024 | prepaid expenses and other current assetsMore than one value recorded for this year — open the FDD source before comparing | $1,641,930 |
| 2024 | total current assetsMore than one value recorded for this year — open the FDD source before comparing | $8,922,592 |
| 2024 | total current assetsMore than one value recorded for this year — open the FDD source before comparing | $9,594,604 |
| 2024 | property and equipment land and land improvementsMore than one value recorded for this year — open the FDD source before comparing | $13,841,804 |
| 2024 | buildingsMore than one value recorded for this year — open the FDD source before comparing | $32,358,923 |
| 2024 | equipmentMore than one value recorded for this year — open the FDD source before comparing | $39,976,264 |
| 2024 | equipmentMore than one value recorded for this year — open the FDD source before comparing | $38,853,299 |
| 2024 | automobilesMore than one value recorded for this year — open the FDD source before comparing | $108,442 |
| 2024 | automobilesMore than one value recorded for this year — open the FDD source before comparing | $108,442 |
| 2024 | construction-in-progressMore than one value recorded for this year — open the FDD source before comparing | $844,562 |
| 2024 | total property and equipment,netMore than one value recorded for this year — open the FDD source before comparing | $29,192,533 |
| 2024 | operating lease right-of-use assetsMore than one value recorded for this year — open the FDD source before comparing | $10,084,849 |
| 2024 | intangible assetsMore than one value recorded for this year — open the FDD source before comparing | $2,723,569 |
| 2024 | other investmentsMore than one value recorded for this year — open the FDD source before comparing | $1,576,289 |
| 2024 | other investmentsMore than one value recorded for this year — open the FDD source before comparing | $1,876,107 |
| 2024 | deposits and other assetsMore than one value recorded for this year — open the FDD source before comparing | $1,821,073 |
| 2024 | deposits and other assetsMore than one value recorded for this year — open the FDD source before comparing | $1,934,718 |
| 2024 | total other assetsMore than one value recorded for this year — open the FDD source before comparing | $16,619,243 |
| 2024 | total assetsMore than one value recorded for this year — open the FDD source before comparing | $54,531,468 |
| 2024 | total assetsMore than one value recorded for this year — open the FDD source before comparing | $55,406,380 |
| 2024 | accounts payableMore than one value recorded for this year — open the FDD source before comparing | $1,431,762 |
| 2024 | accrued taxesMore than one value recorded for this year — open the FDD source before comparing | $966,834 |
| 2024 | accrued taxesMore than one value recorded for this year — open the FDD source before comparing | $933,630 |
| 2024 | other accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $2,101,288 |
| 2024 | other accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $1,742,161 |
| 2024 | current portion of notes payableMore than one value recorded for this year — open the FDD source before comparing | $5,230,455 |
| 2024 | current portion of notes payableMore than one value recorded for this year — open the FDD source before comparing | $4,012,162 |
| 2024 | equipment notes payableMore than one value recorded for this year — open the FDD source before comparing | $1,958,333 |
| 2024 | operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $7,828,293 |
| 2024 | operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $9,069,231 |
| 2024 | deferred compensationMore than one value recorded for this year — open the FDD source before comparing | $1,273,088 |
| 2024 | deferred compensationMore than one value recorded for this year — open the FDD source before comparing | $1,282,057 |
| 2024 | deferred franchise and development feesMore than one value recorded for this year — open the FDD source before comparing | $3,555,750 |
| 2024 | asset retirement liabilityMore than one value recorded for this year — open the FDD source before comparing | $563,019 |
| 2024 | asset retirement liabilityMore than one value recorded for this year — open the FDD source before comparing | $563,019 |
| 2024 | total long-term obligationsMore than one value recorded for this year — open the FDD source before comparing | $30,493,960 |
| 2024 | total long-term obligationsMore than one value recorded for this year — open the FDD source before comparing | $30,131,324 |
| 2024 | members' 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 |
| 2024 | members' 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 |
| 2024 | accumulated deficitMore than one value recorded for this year — open the FDD source before comparing | -$11,246,389 |
| 2024 | total donatos pizzeria,llc member's capitalMore than one value recorded for this year — open the FDD source before comparing | $3,753,611 |
| 2024 | total donatos pizzeria,llc member's capitalMore than one value recorded for this year — open the FDD source before comparing | $5,184,648 |
| 2024 | noncontrolling interests in members' equityMore than one value recorded for this year — open the FDD source before comparing | $8,387,418 |
| 2024 | total members' capitalMore than one value recorded for this year — open the FDD source before comparing | $12,141,029 |
| 2024 | total members' capitalMore than one value recorded for this year — open the FDD source before comparing | $13,975,686 |
| 2024 | total liabilities and members' capitalMore than one value recorded for this year — open the FDD source before comparing | $54,531,468 |
| 2024 | total liabilities and members' capitalMore than one value recorded for this year — open the FDD source before comparing | $55,406,380 |
| 2024 | baker y salesMore than one value recorded for this year — open the FDD source before comparing | $9,095,806 |
| 2024 | baker y salesMore than one value recorded for this year — open the FDD source before comparing | $10,606,888 |
| 2024 | licensing and development fee revenueMore than one value recorded for this year — open the FDD source before comparing | $6,685,473 |
| 2024 | advertisin g funds revenueMore than one value recorded for this year — open the FDD source before comparing | $2,479,000 |
| 2024 | advertisin g funds revenueMore than one value recorded for this year — open the FDD source before comparing | $2,408,000 |
| 2024 | total revenuesMore than one value recorded for this year — open the FDD source before comparing | $104,041,742 |
| 2024 | operating expensesMore than one value recorded for this year — open the FDD source before comparing | $90,661,902 |
| 2024 | operating expensesMore than one value recorded for this year — open the FDD source before comparing | $94,797,574 |
| 2024 | de p reciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $3,394,426 |
| 2024 | o p eratin g incomeMore than one value recorded for this year — open the FDD source before comparing | $3,770,158 |
| 2024 | net interest expenseMore than one value recorded for this year — open the FDD source before comparing | -$946,192 |
| 2024 | net interest expenseMore than one value recorded for this year — open the FDD source before comparing | -$968,687 |
| 2024 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $2,823,966 |
| 2024 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $4,881,055 |
| 2024 | net income attributable to noncontrolling interests in members' equityMore than one value recorded for this year — open the FDD source before comparing | $3,427,002 |
| 2024 | netMore than one value recorded for this year — open the FDD source before comparing | -$118,982 |
| 2024 | netMore than one value recorded for this year — open the FDD source before comparing | $1,454,053 |
| 2024 | bad debt expenseMore than one value recorded for this year — open the FDD source before comparing | $12,000 |
| 2024 | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $3,398,370 |
| 2024 | loss on other investmentsMore than one value recorded for this year — open the FDD source before comparing | $22,209 |
| 2024 | gain) loss on the disposition of assetsMore than one value recorded for this year — open the FDD source before comparing | $22,606 |
| 2024 | accounts receivable and other assetsMore than one value recorded for this year — open the FDD source before comparing | -$398,043 |
| 2024 | accounts receivable and other assetsMore than one value recorded for this year — open the FDD source before comparing | -$252,771 |
| 2024 | inventoryMore than one value recorded for this year — open the FDD source before comparing | -$351,026 |
| 2024 | inventoryMore than one value recorded for this year — open the FDD source before comparing | $577,380 |
| 2024 | accounts payable and accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing | -$1,043,488 |
| 2024 | accounts payable and accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $750,774 |
| 2024 | deferred franchise and development feesMore than one value recorded for this year — open the FDD source before comparing | $909,343 |
| 2024 | total adjustmentsMore than one value recorded for this year — open the FDD source before comparing | $3,075,934 |
| 2024 | total adjustmentsMore than one value recorded for this year — open the FDD source before comparing | $5,502,287 |
| 2024 | net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing | $5,899,900 |
| 2024 | net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing | $10,383,342 |
| 2024 | cash flows from investing activities payments received on note receivableMore than one value recorded for this year — open the FDD source before comparing | $110,625 |
| 2024 | cash flows from investing activities payments received on note receivableMore than one value recorded for this year — open the FDD source before comparing | $124,906 |
| 2024 | issuance of note receivable | -$1,500,000 |
| 2024 | purchases of property and equipmentMore than one value recorded for this year — open the FDD source before comparing | -$5,301,872 |
| 2024 | purchases of property and equipmentMore than one value recorded for this year — open the FDD source before comparing | -$3,358,509 |
| 2024 | distributions received from investments | $3,213,333 |
| 2024 | net cash used in investing activitiesMore than one value recorded for this year — open the FDD source before comparing | -$4,484,457 |
| 2024 | net cash used in investing activitiesMore than one value recorded for this year — open the FDD source before comparing | -$1,520,270 |
| 2024 | payments on notes payableMore than one value recorded for this year — open the FDD source before comparing | -$2,047,796 |
| 2024 | payments on notes payableMore than one value recorded for this year — open the FDD source before comparing | -$2,026,054 |
| 2024 | payments of debt issuance costs | -$95,047 |
| 2024 | borrowings on notes payable | $4,000,000 |
| 2024 | distributions paidMore than one value recorded for this year — open the FDD source before comparing | -$4,658,623 |
| 2024 | distributions paidMore than one value recorded for this year — open the FDD source before comparing | -$3,518,133 |
| 2024 | net cash used in financing activitiesMore than one value recorded for this year — open the FDD source before comparing | -$2,801,466 |
| 2024 | net cash used in financing activitiesMore than one value recorded for this year — open the FDD source before comparing | -$6,193,807 |
| 2024 | netMore than one value recorded for this year — open the FDD source before comparing | $2,669,265 |
| 2024 | beginning of yearMore than one value recorded for this year — open the FDD source before comparing | $4,598,072 |
| 2024 | beginning of yearMore than one value recorded for this year — open the FDD source before comparing | $1,928,807 |
| 2024 | end of yearMore than one value recorded for this year — open the FDD source before comparing | $3,212,049 |
| 2024 | end of yearMore than one value recorded for this year — open the FDD source before comparing | $4,598,072 |
| 2024 | consolidation of advertisin g funds 2024 | -$96,661 |
| 2024 | netMore than one value recorded for this year — open the FDD source before comparing | $2,318,430 |
| 2024 | distributions 2024More than one value recorded for this year — open the FDD source before comparing | -$1,312,055 |
| 2024 | distributions 2024More than one value recorded for this year — open the FDD source before comparing | -$3,346,568 |
| 2024 | balance - 2024More than one value recorded for this year — open the FDD source before comparing | $7,666,239 |
| 2024 | balance - 2024More than one value recorded for this year — open the FDD source before comparing | $11,419,850 |
| 2024 | total donatos pizzeria,llc member's capitalMore than one value recorded for this year — open the FDD source before comparing | $3,753,611 |
| 2024 | current portion of operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $1,229,469 |
| 2024 | members' 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 |
| 2024 | noncontrolling interests in members' equityMore than one value recorded for this year — open the FDD source before comparing | $7,666,239 |
| 2024 | advertising funds revenue | $2,479,000 |
| 2024 | operating income | $3,145,640 |
| 2024 | net income attributable to noncontrolling interests in members' equityMore than one value recorded for this year — open the FDD source before comparing | $2,318,430 |
| 2024 | deferred compensationMore than one value recorded for this year — open the FDD source before comparing | $1,273,088 |
| 2024 | proceeds from sale of property and equipmentMore than one value recorded for this year — open the FDD source before comparing | $706,790 |
| 2024 | inventoryMore than one value recorded for this year — open the FDD source before comparing | $1,407,713 |
| 2024 | total current assetsMore than one value recorded for this year — open the FDD source before comparing | $9,593,095 |
| 2024 | other accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $2,285,875 |
| 2024 | intangible assetsMore than one value recorded for this year — open the FDD source before comparing | $2,723,569 |
| 2024 | total other assetsMore than one value recorded for this year — open the FDD source before comparing | $14,666,660 |
| 2024 | licensing and development fee revenueMore than one value recorded for this year — open the FDD source before comparing | $6,282,166 |
| 2024 | accounts payable and accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing | -$548,374 |
| 2024 | net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing | $6,173,170 |
| 2024 | accumulated depreciationMore than one value recorded for this year — open the FDD source before comparing | -$57,100,911 |
| 2024 | intangible assetsMore than one value recorded for this year — open the FDD source before comparing | $2,723,569 |
| 2024 | accrued payroll and related liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $1,814,210 |
| 2024 | long-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 |
| 2024 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $2,199,448 |
| 2024 | gain on the dis p osition of assets | -$92,805 |
| 2024 | inventoryMore than one value recorded for this year — open the FDD source before comparing | -$351,026 |
| 2024 | total adjustmentsMore than one value recorded for this year — open the FDD source before comparing | $3,973,722 |
| 2024 | distributions paidMore than one value recorded for this year — open the FDD source before comparing | -$4,658,623 |
| 2024 | buildingsMore than one value recorded for this year — open the FDD source before comparing | $30,429,199 |
| 2024 | construction-in-progressMore than one value recorded for this year — open the FDD source before comparing | $1,331,875 |
| 2024 | total property and equipment,netMore than one value recorded for this year — open the FDD source before comparing | $30,659,545 |
| 2024 | borrow ings on notes payable | $4,000,000 |
| 2024 | adjusted ebitda | $7,664,032 |
| 2024 | inventoryMore than one value recorded for this year — open the FDD source before comparing | $1,092,373 |
| 2024 | property and equipment land and land improvementsMore than one value recorded for this year — open the FDD source before comparing | $14,472,265 |
| 2024 | total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $11,896,479 |
| 2024 | equipment notes payableMore than one value recorded for this year — open the FDD source before comparing | $4,065,476 |
| 2024 | net income attributable to noncontrolling interests in members' equityMore than one value recorded for this year — open the FDD source before comparing | $2,942,948 |
| 2024 | net decrease in cash and cash e q uivalents | -$1,112,753 |
| 2024 | prepaid expenses and other current assetsMore than one value recorded for this year — open the FDD source before comparing | $1,524,372 |
| 2024 | current portion of operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $816,134 |
| 2024 | total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $11,299,370 |
| 2024 | inventoryMore than one value recorded for this year — open the FDD source before comparing | $1,407,713 |
| 2024 | total other assetsMore than one value recorded for this year — open the FDD source before comparing | $14,949,331 |
| 2024 | accrued payroll and related liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $936,671 |
| 2024 | de p reciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $3,226,991 |
| 2024 | o p eratin g incomeMore than one value recorded for this year — open the FDD source before comparing | $5,849,742 |
| 2024 | operating lease assets and liabilities,netMore than one value recorded for this year — open the FDD source before comparing | $428,846 |
| 2024 | accumulated depreciationMore than one value recorded for this year — open the FDD source before comparing | -$55,372,086 |
| 2024 | operating lease right-of-use assetsMore than one value recorded for this year — open the FDD source before comparing | $8,828,400 |
| 2024 | accounts payableMore than one value recorded for this year — open the FDD source before comparing | $1,981,073 |
| 2024 | current portion of operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $1,229,469 |
| 2024 | long-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 |
| 2024 | noncontrolling interests in members' equityMore than one value recorded for this year — open the FDD source before comparing | $8,791,038 |
| 2024 | bad debt expenseMore than one value recorded for this year — open the FDD source before comparing | $12,000 |
| 2024 | deferred franchise and development feesMore than one value recorded for this year — open the FDD source before comparing | $4,512,350 |
| 2024 | total liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $42,390,439 |
| 2024 | accumulated deficitMore than one value recorded for this year — open the FDD source before comparing | -$9,815,352 |
| 2024 | gain) loss on the disposition of assetsMore than one value recorded for this year — open the FDD source before comparing | -$92,805 |
| 2024 | cash flows from financing activities net borrowings on line of credit | -$649,620 |
| 2024 | total liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $41,430,694 |
| 2024 | net salesMore than one value recorded for this year — open the FDD source before comparing | $84,341,381 |
| 2024 | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $3,237,954 |
| 2024 | licensing and development fee revenueMore than one value recorded for this year — open the FDD source before comparing | $6,282,166 |
| 2024 | deferred franchise and development feesMore than one value recorded for this year — open the FDD source before comparing | $956,600 |
| 2024 | operating lease assets and liabilities,netMore than one value recorded for this year — open the FDD source before comparing | $62,376 |
| 2024 | proceeds from sale of property and equipmentMore than one value recorded for this year — open the FDD source before comparing | $706,790 |
| 2024 | netMore than one value recorded for this year — open the FDD source before comparing | -$1,386,023 |
| 2023 | balanc e - 2023More than one value recorded for this year — open the FDD source before comparing | $15,000,000 |
| 2023 | balanc e - 2023More than one value recorded for this year — open the FDD source before comparing | -$10,969,407 |
| 2023 | balanc e - 2023More than one value recorded for this year — open the FDD source before comparing | $8,582,171 |
| 2023 | balanc e - 2023More than one value recorded for this year — open the FDD source before comparing | $12,612,764 |
| 2023 | distributions 2023More than one value recorded for this year — open the FDD source before comparing | -$299,998 |
| 2023 | distributions 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
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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.


