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.
Franchise Costs
$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
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
Key Insights
- One of the lowest investment costs in Pizza (ranked #3 of 12)
- Top 10 largest franchise system in Pizza
- Lower than average SBA loan default rate in Pizza
| Franchise | Investment | 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 |
| GODFATHER'S PIZZA | $711K – $1.3M | $25K | 6.5% | 592 |
| BLAZE PIZZA | $597K – $1.1M | $30K | 5.0% | 283 |
| BLAZE PIZZA | $667K – $1.1M | $30K | 5.0% | 254 |
Pizza Average 12 franchises | $511K – $1.3M | $30K | 5.7% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 12 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
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
68 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
68 Contacts Available
Unlock all Happy's Pizza franchisee contacts with verified contact information
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
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.
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