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Carbone's Pizzeria and Carbone's Pizza

Carbone's Pizzeria and Carbone's Pizza

M & T Pizza Incorporated offers franchises for the development and operation of Carbone’s Pizza and Carbone’s Pizzeria restaurants that specialize in pizza and related foods and beverages, primarily on a dine-in and carry-out basis with optional delivery and alcohol service. Franchisees can operate full-service (2,500-4,000 sq ft), fast-casual (2,000-3,000 sq ft), or express models, requiring adherence to the franchisor's standards for menu and operations. The business targets consumers seeking quality pizza and casual dining experiences.

Since 1977Food & BeverageSt. Paul, MNCarbonesPizzeria.com
Item 19 AvailableSBA Loan Data

Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.

Overview

Investment
$328,600 - $908,350
Franchise Fee
$25,000
Locations
32

Financial Requirements

Franchise Fee$25,000
Initial Investment Range$328,600 - $908,350
Royalty Rate4.00%
Brand Fund1.00%
0

Tiered royalty (4% on first $1M Gross Sales, 3% on next $1M, 2% thereafter) + 1% ad fund

Franchise Stats

Franchise Locations32
Corporate Locations2
States Operating4
Franchising Since1977
FDD Year2025

Financial Performance

Item 19 Financial Performance

Average Gross Revenue
$1,084,375
Top Quartile Revenue
$1,550,000
Bottom Quartile Revenue
$475,000

Data Based On: 32 franchised Restaurants that operated for the 12-month period ended December 31, 2024

* Calculated weighted average gross revenue using the midpoints of the annual gross sales ranges for each restaurant type: Fast casual (7 units, midpoint $650,000), Express (8 units, midpoint $475,000), Full-service (17 units, midpoint $1,550,000). Total units = 32. Weighted average = (7 * 650000 + 8 * 475000 + 17 * 1550000) / 32 = $1,084,375. Revenue top quartile estimated from the midpoint of the Full-service segment ($1,550,000). Revenue bottom quartile estimated from the midpoint of the Express segment ($475,000).

Extracted Item 19 Section

How Carbone's Pizzeria and Carbone's Pizza Compares to Other Pizza Franchises

Key Insights

  • Top 10 largest franchise system in Pizza
  • Lower than average SBA loan default rate in Pizza
FranchiseInvestment RangeFranchise FeeRoyaltyLocations
Carbone's Pizzeria and Carbone's Pizza
Current
$329K - $908K$25K4.0%32
PIZZA HUT (NON-TRADITIONAL)$51K - $304K$10K10.0%1,332
PAPA MURPHY'S$367K - $733K$25K5.0%1,001
BLAZE PIZZA$597K - $1.1M$30K5.0%283
BLAZE PIZZA$667K - $1.1M$30K5.0%254
Rosati's Pizza Enterprises, Inc.$147K - $501K$35K5.0%131
Pizza Average
10 franchises
$409K - $940K$29K5.7%-

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 10 Pizza franchises by location count.

Locations & Growth

Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2024)

Outlets by state across the United States

Top States by Outlet Count
1MN
27
2WI
4
3MT
1

SBA Loan History

Historical SBA 7(a) loan data for Carbone's Pizzeria and Carbone's Pizza franchisees (2016 - 2023)

Total Loans
6
Average Loan Amount
$234,500
Total Loan Volume
$1,407,000
Default Rate
16.7%

Loans by Year

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts

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Due Diligence

Litigation (Item 3)

Franchisee Litigation Cases0

No litigation involving franchisees reported in the FDD.

Bankruptcy (Item 4)

Bankruptcy HistoryNo

No bankruptcy history reported in the FDD.

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
0
Non-Renewals
0
Reacquired by Franchisor
0
Ceased Operations (Other)
2
System Transfers
0
Sold to Franchisees
0
Projected New Franchises
1

Frequently Asked Questions

How much does it cost to open a Carbone's Pizzeria and Carbone's Pizza franchise?

The total initial investment to open a Carbone's Pizzeria and Carbone's Pizza franchise ranges from $328,600 to $908,350. This includes a franchise fee of $25,000. Ongoing royalty fees are 4.0% of gross sales.

How much revenue does a Carbone's Pizzeria and Carbone's Pizza franchise make?

According to the 2025 FDD, the average gross revenue for a Carbone's Pizzeria and Carbone's Pizza franchise is $1,084,375.

How many Carbone's Pizzeria and Carbone's Pizza franchise locations are there?

As of the 2025 FDD, Carbone's Pizzeria and Carbone's Pizza has 32 franchise locations. The company has been franchising since 1977.

Can you get an SBA loan for a Carbone's Pizzeria and Carbone's Pizza franchise?

Yes, SBA loans are available for Carbone's Pizzeria and Carbone's Pizza franchises. Historical data shows 6 SBA 7(a) loans have been approved for Carbone's Pizzeria and Carbone's Pizza franchisees, with an average loan amount of $234,500. The historical default rate is 16.7%.

Is Carbone's Pizzeria and Carbone's Pizza a good franchise to buy?

Carbone's Pizzeria and Carbone's Pizza shows several positive indicators: transparent financial performance data (Item 19). However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.

Interested in Carbone's Pizzeria and Carbone's Pizza?

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