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    GRIMALDIS PIZZERIA

    Franchise research report · reviewed 2026 disclosure data

    Researching GRIMALDIS PIZZERIA franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources

    GRIMALDI'S franchise specializes in coal-fired brick oven pizza, building on its Brooklyn heritage and reputation for authentic New York-style pies with a disti

    Headline figures

    Quick facts

    How much does it cost to open a GRIMALDIS PIZZERIA franchise?
    The GRIMALDIS PIZZERIA Franchise Disclosure Document reports separate estimated initial investments by format: $1,181,000 for $65,000 as arranged before and after opening suppliers total improvement costs — 1181000 (2026 FDD, Item 7, PDF p. 15); $267,800 for ed after opening us, suppliers, employees and other creditors total other costs — 267800 (2026 FDD, Item 7, PDF p. 15); $1,448,800 for ors total other costs $267,800 $340,000 total estimated initial investment (21) — 1448800 (2026 FDD, Item 7, PDF p. 15). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What is the GRIMALDIS PIZZERIA initial franchise fee?
    The disclosed initial franchise fee for a standard single unit is $50,000 (2026 FDD, Item 5, PDF p. 9). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
    What ongoing fees does GRIMALDIS PIZZERIA charge?
    The disclosed ongoing royalty is $6 (2026 FDD, Item 6, PDF p. 10). The brand or advertising fund contribution is $2 (2026 FDD, Item 6, PDF p. 11). Other recurring fees are listed in Item 6. Details
    Does GRIMALDIS PIZZERIA disclose financial performance (Item 19)?
    Yes. The GRIMALDIS PIZZERIA FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 43). Figures apply only to the locations and period each one covers. Details
    How many GRIMALDIS PIZZERIA locations are there?
    The FDD reports 88 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 45). 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: $1,181,000 ($65,000 As arranged Before and after opening Suppliers TOTAL IMPROVEMENT COSTS — 1181000); $267,800 (ed After opening Us, suppliers, employees and other creditors TOTAL OTHER COSTS — 267800); $1,448,800 (ors TOTAL OTHER COSTS $267,800 $340,000 TOTAL ESTIMATED INITIAL INVESTMENT (21) — 1448800); several initial fee options apply.
    2. 2Item 19 covers 9 separate groups: other measures for 14 Company-operatedbyaffiliateCBOP locations; other measures for 13 Company-operatedbyaffiliateCBOP locations; other measures for 13 Company-operatedbyaffiliateCBOP locations; other measures for 26 Company-operatedbyaffiliateCBOP locations; other measures for 12 Company-operatedbyaffiliateCBOP locations; other measures for 26 Company-operatedbyaffiliateCBOP locations; other measures for 1 Company-operatedbyaffiliateCBOP locations; other measures for 27 Company-operatedbyaffiliateCBOP locations; other measures for 4 Franchised locations. They are not combined.
    3. 3Outlets declined by 4 in 2025, to 88 (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.

    • ed After opening Us, suppliers, employees and other creditors TOTAL OTHER COSTS — 267800PDF p. 15$267,800
    • $65,000 As arranged Before and after opening Suppliers TOTAL IMPROVEMENT COSTS — 1181000PDF p. 15$1,181,000
    • ors TOTAL OTHER COSTS $267,800 $340,000 TOTAL ESTIMATED INITIAL INVESTMENT (21) — 1448800PDF p. 15$1,448,800

    Standard single-unit franchise fee

    2026 FDD · Item 5 · PDF p. 9
    Discounted and multi-unit options are separate; see all fees.

    Ongoing Fees — Item 6

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

    cal year. ITEM 6 OTHER FEES Type of Fee 1 Amount Due Date Remarks Royalty Fee 2 — 6Main ongoing fee

    22 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?

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

    Locations counted: not stated in the reviewed record

    Other measures · 14 locations

    Who is counted
    Table1 Middlethird
    Period
    No. of Restaurants
    Excluded
    Two company-operated restaurantsclosedduring2025excluded;costofsales/operatingandothercostsexcluded
    Method
    Unaudited;GAAPcompiledcompanysales;sameaccountingmethods;GrossSalesallrevenue;noexpensesdeducted;average4082sqft excludingpatio/4866withpatio

    Locations counted: not stated in the reviewed record

    Other measures · 13 locations

    Who is counted
    Table1 Topthird
    Period
    No. of Restaurants
    Excluded
    Two company-operated restaurantsclosedduring2025excluded;costofsales/operatingandothercostsexcluded
    Method
    Unaudited;GAAPcompiledcompanysales;sameaccountingmethods;GrossSalesallrevenue;noexpensesdeducted;average4082sqft excludingpatio/4866withpatio

    Locations counted: not stated in the reviewed record

    Other measures · 13 locations

    Who is counted
    Table1 Bottomthird
    Period
    Range of Gross Sales
    Excluded
    Two company-operated restaurantsclosedduring2025excluded;costofsales/operatingandothercostsexcluded
    Method
    Unaudited;GAAPcompiledcompanysales;sameaccountingmethods;GrossSalesallrevenue;noexpensesdeducted;average4082sqft excludingpatio/4866withpatio

    Locations counted: not stated in the reviewed record

    Other measures · 26 locations

    Who is counted
    Table2 Toptwothirds
    Period
    Median Gross Sales
    Excluded
    Two company-operated restaurantsclosedduring2025excluded;costofsales/operatingandothercostsexcluded
    Method
    Unaudited;GAAPcompiledcompanysales;sameaccountingmethods;GrossSalesallrevenue;noexpensesdeducted;average4082sqft excludingpatio/4866withpatio

    Locations counted: not stated in the reviewed record

    Other measures · 12 locations

    Who is counted
    Table3 1750000–2500000
    Period
    Median Gross Sales
    Excluded
    Two company-operated restaurantsclosedduring2025excluded;costofsales/operatingandothercostsexcluded
    Method
    Unaudited;GAAPcompiledcompanysales;sameaccountingmethods;GrossSalesallrevenue;noexpensesdeducted;average4082sqft excludingpatio/4866withpatio

    Locations counted: not stated in the reviewed record

    Other measures · 26 locations

    Who is counted
    Table2 Bottomtwothirds
    Period
    Median Gross Sales
    Excluded
    Two company-operated restaurantsclosedduring2025excluded;costofsales/operatingandothercostsexcluded
    Method
    Unaudited;GAAPcompiledcompanysales;sameaccountingmethods;GrossSalesallrevenue;noexpensesdeducted;average4082sqft excludingpatio/4866withpatio

    Locations counted: not stated in the reviewed record

    Other measures · 1 locations

    Who is counted
    Table3 <1750000
    Period
    No. and Percentage of Restaurants
    Excluded
    Two company-operated restaurantsclosedduring2025excluded;costofsales/operatingandothercostsexcluded
    Method
    Unaudited;GAAPcompiledcompanysales;sameaccountingmethods;GrossSalesallrevenue;noexpensesdeducted;average4082sqft excludingpatio/4866withpatio

    Locations counted: not stated in the reviewed record

    Other measures · 27 locations

    Who is counted
    Table3 >2500000
    Period
    Percentat/aboveaverage
    Excluded
    Two company-operated restaurantsclosedduring2025excluded;costofsales/operatingandothercostsexcluded
    Method
    Unaudited;GAAPcompiledcompanysales;sameaccountingmethods;GrossSalesallrevenue;noexpensesdeducted;average4082sqft excludingpatio/4866withpatio

    Locations counted: not stated in the reviewed record

    Other measures · 4 locations

    Who is counted
    Table4 Franchised
    Period
    Percentat/aboveaverage
    Excluded
    Two company-operated restaurantsclosedduring2025excluded;costofsales/operatingandothercostsexcluded
    Method
    Unauditedfinancialreportssubmittedbyfranchisee;GrossSales;costsexcluded

    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. 45

    Net −2 outlets, 2023–2025

    0902023922024882025+2−4

    Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; 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 ($267,800 – $1,448,800) 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 decreased from 92 to 88 in 2025. What drove the change?

    • 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]Standard initial franchise fee — Item 5 · PDF p. 9
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Table1 Middlethird · PDF p. 43
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Table1 Topthird · PDF p. 43
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Table1 Bottomthird · PDF p. 43
    5. [5]Item 19 — Locations counted not stated in the reviewed record — Table2 Toptwothirds · PDF p. 44; PDF p. 43
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Table3 1750000–2500000 · PDF p. 44
    7. [7]Item 19 — Locations counted not stated in the reviewed record — Table2 Bottomtwothirds · PDF p. 44; PDF p. 43
    8. [8]Item 19 — Locations counted not stated in the reviewed record — Table3 <1750000 · PDF p. 44
    9. [9]Item 19 — Locations counted not stated in the reviewed record — Table3 >2500000 · PDF p. 44
    10. [10]Item 19 — Locations counted not stated in the reviewed record — Table4 Franchised · PDF p. 44
    11. [11]Outlet counts — Item 20, Table 1 · PDF p. 45

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

    Territory & operations

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

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025deferred franchise fees, net of current portion$266,787
    2025total current liabilities$26,137
    2025management fee$58,141
    2025deferred franchise fees$28,260
    2025total liabilities$845,180
    2025accounts receivableMore than one value recorded for this year — open the FDD source before comparing$4,247
    2025total liabilities and stockholder's deficit$527,078
    2025net income$353,652
    2025total noncurrent liabilities$819,043
    2025prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$12,712
    2025total assets$527,078
    2025due to related party$552,256
    2025total stockholder's deficit-$318,102
    2025franchise fees$21,740
    2025royalty fees$471,894
    2025total revenues$493,634
    2025legal$8,884
    2025other operating expenses$72,957
    2025total expenses$139,982
    2025accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$4,247
    2025prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$2,834
    2025net cash provided by operating activities$380,499
    2025net cash-$400,490
    2025net-$19,991
    2024due to related party$952,746
    2024net$118,631
    2024deferred franchise fees, net of current portion$240,169
    2024total noncurrent liabilities$1,192,915
    2024total liabilities$1,217,410
    2024prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$15,546
    2024total assets$545,656
    2024total current liabilities$24,495
    2024total stockholder's deficit-$671,754
    2024total liabilities and stockholder's deficit$545,656
    2024franchise fees$16,076
    2024royalty fees$398,569
    2024total revenues$414,645
    2024legal$9,591
    2024management fee$126,956
    2024other operating expenses$209,547
    2024total expenses$346,094
    2024net income$68,551
    2024accounts receivable$3,611
    2024prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$5,557
    2024deferred franchise fees-$16,076
    2024net cash provided by operating activities$61,643
    2024net cash$56,988
    2023accounts receivableMore than one value recorded for this year — open the FDD source before comparing$3,611
    2023prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$21,103
    2023franchise fees$5,556
    2023other operating expenses$33,221
    2023total expenses$81,679
    2023total revenues$162,692
    2023accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$446
    2023due to related party$895,758
    2023deferred franchise fees, net of current portion$265,107
    2023total noncurrent liabilities$1,160,865
    2023total liabilities$1,176,498
    2023total assets$436,193
    2023total current liabilities$15,633
    2023total stockholder's deficit-$740,305
    2023total liabilities and stockholder's deficit$436,193
    2023royalty fees$157,136
    2023legal$18,553
    2023management fee$29,905
    2023net income$81,013
    2023stockholder's deficit beginning-$821,318
    2023prepaid expensesMore than one value recorded for this year — open the FDD source before comparing-$6,957
    2023deferred franchise fees$134,444
    2023net cash provided by operating activities$208,054
    2023net cash-$22,491
    2023net$185,563
    2023cash, beginning$225,916
    —cashMore than one value recorded for this year — open the FDD source before comparing$530,110
    —common stockMore than one value recorded for this year — open the FDD source before comparing$100,000
    —cashMore than one value recorded for this year — open the FDD source before comparing$510,119
    —cashMore than one value recorded for this year — open the FDD source before comparing$411,479
    —common stockMore than one value recorded for this year — open the FDD source before comparing$100,000
    —accumulated deficitMore than one value recorded for this year — open the FDD source before comparing-$418,102
    —deferred franchise fees, current portionMore than one value recorded for this year — open the FDD source before comparing$26,137
    —deferred franchise fees, current portionMore than one value recorded for this year — open the FDD source before comparing$15,633
    —common stockMore than one value recorded for this year — open the FDD source before comparing$100,000
    —accumulated deficitMore than one value recorded for this year — open the FDD source before comparing-$840,305
    —increaseMore than one value recorded for this year — open the FDD source before comparing-$22,491
    —increaseMore than one value recorded for this year — open the FDD source before comparing-$400,490
    —deferred franchise fees, current portionMore than one value recorded for this year — open the FDD source before comparing$24,495
    —accumulated deficitMore than one value recorded for this year — open the FDD source before comparing-$771,754
    —increaseMore than one value recorded for this year — open the FDD source before comparing$56,988

    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.

    Related research

    Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.

    Benihana National CorpBBBonchon Business and RestaurantEggs Up GrillIHOP and International House of PancakesIIIHOP International House of PancakesThe Melting Pot Restaurants, Inc.

    Head-to-head comparisons

    GRIMALDIS PIZZERIA vs Benihana National CorpGRIMALDIS PIZZERIA vs Bonchon Business and RestaurantGRIMALDIS PIZZERIA vs Eggs Up Grill
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    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

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