FIGARO'S AND NICK-N-WILLY'S

Item 7 outlines the franchise fee at $39,000 for either Figaro’s or Nick-N-Willy’s trademarks, with ongoing royalties at 6% of gross sales (minimum $150 weekly) plus 3% branding/ad fund contribution—fees that are competitive but lock in steady franchisor revenue. Item 19 shines here, reporting average gross revenues of $485,090 and medians at $469,070 across the 31 units, figures that suggest solid per-store performance despite no explicit profit breakdowns (EBITDA or net margins absent). With just one SBA loan on record averaging $200,000, financing hurdles appear low but adoption is minimal, possibly reflecting operator caution.

System health raises flags: from 36 locations in 2024 to 35 in 2025 (-3% contraction), only 2 projected new units, and 3 transfers indicate limited expansion momentum in a pizza segment dominated by giants. This small footprint means less brand pull but potentially easier market entry in underserved spots; however, the royalty minimum could pinch low-volume stores. For a $39K entry with half-million-dollar topline potential, it's viable for hands-on owners chasing $400K+ sales, but the plateauing growth demands scrutiny of local competition and your operational edge.