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NOBLE ROMAN'S PIZZA
Noble Roman’s Pizza franchises allow operators to sell pizza and related products in non-traditional locations such as convenience stores, universities, hospitals, recreational facilities, and other venues with pre-existing customer traffic. The business model focuses on providing turnkey pizza operations in high-traffic areas without needing to build a customer base from scratch. Target markets include businesses and institutions looking to add pizza offerings to their existing customer flow.
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Franchise Costs
Financial Performance
Item 19 Financial Performance
This franchise did not provide Item 19 financial performance data.
Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.
Extracted Item 19 Section
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Unlock financial performance dataNOBLE ROMAN'S PIZZA Franchise Analysis
Pizza franchises usually fight for prime real estate, but Noble Roman's carves a niche in high-traffic venues like convenience stores and universities without building a customer base. Item 20 system data paints a picture of scale and stability, while the absence of Item 19 earnings leaves a critical question hanging. Does minimal churn and aggressive expansion signal hidden profitability, or caution? Dive deeper to uncover what these metrics really mean for your investment.
The system's footprint impresses: 2,871 franchised locations dwarf the single corporate-owned unit, per 2024 FDD Item 20, showing franchisees drive nearly all growth. Health metrics reinforce resilience—only 8 terminations and 4 non-renewals amid 11 transfers, far below industry averages for food brands. Projected 82 new units underscore momentum, suggesting operators find the non-traditional model viable despite economic pressures.
Financial transparency lags without Item 19 disclosure, denying investors average gross sales or profit benchmarks that could validate the turnkey pizza setup in captive markets. SBA data adds a clue: just 2 loans on record averaging $88,750 imply modest startup capital needs, aligning with low-overhead installs in existing venues versus full restaurants. For risk-tolerant buyers chasing steady foot traffic over brand-building, this setup tempts—but opaque earnings demand direct outreach to operators for real ROI stories.
Analysis based on the 2024 Franchise Disclosure Document. All figures should be independently verified before making investment decisions.
How NOBLE ROMAN'S PIZZA Compares
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
NOBLE ROMAN'S PIZZA Current | N/A | N/A | N/A | 2,871 |
| MCDONALD'S | $1.5M – $2.6M | $45K | N/A | 12,772 |
| LITTLE CAESARS | $377K – $1.8M | $20K | 6.0% | 3,788 |
| AFC | $45K – $151K | $6K | 9.5% | 3,572 |
| KFC (NON-TRADITIONAL) | $1.2M – $4.2M | $45K | N/A | 3,404 |
| SONIC DRIVE-IN | $1.5M – $2.5M | $15K | 5.0% | 3,120 |
Fast Food Average 132 franchises | $602K – $1.6M | $35K | 6.1% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 132 Fast Food franchises by location count.
SBA Loan History
Historical SBA 7(a) loan data for NOBLE ROMAN'S PIZZA franchisees (2014 – 2015)
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.
2 SBA loans on record
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Unlock SBA loan historyDue Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Unlock due diligence reportsFrequently Asked Questions
As of the 2024 FDD, NOBLE ROMAN'S PIZZA has 2,871 franchise locations.
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