Happy's Pizza
Happy’s Pizza franchises fast-casual restaurants that sell pizza, ribs, chicken, seafood, subs, salads, and other food products to the general public for carry-out, dine-in, catering, or delivery using proprietary recipes, trademarks, and operational standards. They offer two concepts: Standard Restaurants (1,600-3,500 sq ft) in standalone buildings or centers, and Express units (600-2,000 sq ft) in kiosks or facilities like hospitals or campuses. The business model relies on franchise fees, royalties, and affiliate services for supplies, construction, and advertising, targeting consumers seeking quick-service meals in competitive markets.
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
Financial Requirements
$1,500/mo royalty + up to $750/wk marketing contribution + $230/mo online ordering + $300/yr ($25/mo) online LMS + $600/6mos ($100/mo) POS support
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: 40 franchised outlets open and operating for the entire twelve-month period ending December 31, 2024, excluding 4 outlets not open for the full calendar year and 10 Restaurants that operate as co-branded with Savvy Sliders.
* All average and median gross revenue figures are directly extracted from the 'Gross Sales Information--2024' table on page 2. The 'Top 25 Standard Restaurants - Average Gross Sales' and 'Bottom 25 Standard Restaurants - Average Gross Sales' are used for the top and bottom quartile revenues, respectively, as per the instruction to use averages from top/bottom segments. No specific gross profit, net income, net profit, EBITDA, or expense data (either in dollar amounts or percentages) was provided in Item 19 to calculate these metrics or a best-guess profit range.
Extracted Item 19 Section
How Happy's Pizza Compares to Other Pizza Franchises
Key Insights
- One of the lowest investment costs in Pizza (ranked #3 of 10)
- Top 10 largest franchise system in Pizza
- Lower than average SBA loan default rate in Pizza
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
Happy's Pizza Current | $264K - $619K | $25K | N/A | 54 |
| PIZZA HUT (NON-TRADITIONAL) | $51K - $304K | $10K | 10.0% | 1,332 |
| PAPA MURPHY'S | $367K - $733K | $25K | 5.0% | 1,001 |
| BLAZE PIZZA | $597K - $1.1M | $30K | 5.0% | 283 |
| BLAZE PIZZA | $667K - $1.1M | $30K | 5.0% | 254 |
| Rosati's Pizza Enterprises, Inc. | $147K - $501K | $35K | 5.0% | 131 |
Pizza Average 10 franchises | $409K - $940K | $29K | 5.7% | - |
* 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
SBA Loan History
Historical SBA 7(a) loan data for Happy's Pizza franchisees (2015 - 2022)
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)
Prospective franchisees alleging fraud in inducement and violation of Michigan Franchise Investment Law over misrepresentations about obtaining a liquor license, settled with refund.
Bankruptcy (Item 4)
BurgerFi International Inc. (predecessor of affiliate BurgerFi) and its affiliates filed Chapter 11 on September 11, 2024.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a Happy's Pizza franchise?
The total initial investment to open a Happy's Pizza franchise ranges from $263,700 to $619,250. This includes a franchise fee of $25,000.
How much revenue does a Happy's Pizza franchise make?
According to the 2025 FDD, the average gross revenue for a Happy's Pizza franchise is $1,051,642. The median revenue is $1,069,119.
How many Happy's Pizza franchise locations are there?
As of the 2025 FDD, Happy's Pizza has 54 franchise locations. The company has been franchising since 2007.
Can you get an SBA loan for a Happy's Pizza franchise?
Yes, SBA loans are available for Happy's Pizza franchises. Historical data shows 12 SBA 7(a) loans have been approved for Happy's Pizza franchisees, with an average loan amount of $394,833. The historical default rate is 33.3%.
Is Happy's Pizza a good franchise to buy?
Happy'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 Happy's Pizza?
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