About Patsy's Pizzeria Franchise
Patsy's Pizzeria is a franchised pizzeria restaurant concept where franchisees operate full-service and counter-service Italian restaurants specializing in coal-fired brick oven pizza, pasta, salads, and other Italian-American dishes.
Day-to-day operations involve managing food preparation, customer service, staff scheduling, inventory management, and maintaining the high-quality recipes and methods that define the Patsy's Pizzeria brand.
Target customers include families, pizza enthusiasts, and local residents seeking authentic New York-style pizza in a sit-down or takeout setting.
Patsy's Pizzeria Franchise Cost & Fees
Minimum Investment
$279K
Average Investment
$512K
Maximum Investment
$746K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $50,000 | One-time payment upon signing |
| Royalty Fee | 5.5% of Gross Revenues of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | 1% to 2% of Gross Revenues (Regional Advertising Cooperative); up to 2% of Gross Revenues (Advertising Fund, if established) | National brand fund |
| Total Investment Range | $278,500 – $746,100 | Includes build-out, inventory, working capital |
The investment range of $279K–$746K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (5.5% of Gross Revenues) and marketing fee (1% to 2% of Gross Revenues (Regional Advertising Cooperative); up to 2% of Gross Revenues (Advertising Fund, if established)) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $50,000 | $50,000 |
| Real Property and Improvements | $0 | $0 |
| Leasehold Improvements | $75,000 | $250,000 |
| Travel and Living Expenses While Training | $2,500 | $7,500 |
| Equipment, Furniture and Fixtures | $75,000 | $200,000 |
| Computer and Point of Sale Systems | $7,500 | $15,000 |
| Initial Inventory | $5,000 | $10,000 |
| Utility Deposits, Permits and Licenses | $3,000 | $10,000 |
| Professional Fees | $5,000 | $15,000 |
| Signs | $3,000 | $8,600 |
| Grand Opening Advertising | $2,500 | $2,500 |
| Employee Training | $5,000 | $15,000 |
| Insurance | $5,000 | $12,500 |
| Additional Funds (3 months) | $40,000 | $150,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $5,000 or such greater amount as necessary to reimburse franchisor expenses |
| Renewal Fee | 50% of then-current Initial Franchise Fee |
| Audit Fee | Cost of audit if Gross Revenues understated by 2% or more |
| Additional Training | $250 per person per day plus expenses |
| Insurance | Varies |
| Local Advertising | Minimum $5,000 per year |
| NY Mets Marketing Fee | Up to $4,500 per season (NY/NJ/CT franchisees only) |
| Conference/Convention Fee | Then-current fee as determined by franchisor |
| Late Payment Interest | Lesser of 1.5% per month or maximum legal rate |
| Insufficient Funds Fee | $100 per occurrence |
| Indemnification | Varies |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 35 hours total (11 classroom, 24 on-the-job) for both Pizzeria Manager and Principal Pizzaman tracks |
| Classroom Training | 11 hours |
| On-the-Job Training | 24 hours |
| Training Location | Patsy's Pizzeria, 2287-91 1st Avenue, New York, NY 10035 |
| Additional Training | Additional on-site training and assistance available at franchisor's option; fee of $250 per person per day may apply. Annual conference/convention/training session may be conducted. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected |
| Exclusive Territory | No |
| Territory Size | Minimum 5 blocks in a city or 1 mile radius in suburban area |
| Description | The franchisor grants a geographic Territory. In a city, the minimum Territory is 5 blocks in length on the same avenue or street. In a suburban area, the minimum Territory is a 1 mile radius from the Pizzeria. While the Franchise Agreement is in effect, the franchisor will not operate a company-owned Patsy's Pizzeria or grant a franchise for a similar or competitive business within the Territory. However, the franchisor and affiliates may sell at nontraditional locations within the Territory, sell through alternative distribution channels, and serve national/regional/institutional accounts within the Territory. The territory is not exclusive. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | 10 years |
| Renewal Fee | 50% of then-current Initial Franchise Fee |
| Renewal Conditions | Must be still offering franchises in the area; notify franchisor 6-9 months before expiration; comply with franchise agreement and manual throughout initial term; satisfy all monetary obligations; refurbish/redesign/remodel pizzeria; complete required training; sign general release; renew lease; sign then-current franchise agreement with potentially different terms |
| Transfer Fee | $5,000 or such greater amount as necessary to reimburse expenses |
| Transfer Conditions | Transferee must apply and be accepted; pass personal interview; have organizational, managerial and financial resources; complete Initial Training Program; sign current Franchise Agreement; you and guarantors must sign general release; cure all existing defaults; landlord must consent to lease assignment |
| Termination for Cause | 30 days to cure curable defaults; automatic termination without notice for non-curable defaults including bankruptcy, abandonment, felony conviction, unauthorized transfer, concealing revenues, failing to open by specified date |
| Non-Compete Period | 2 years after termination or expiration |
| Non-Compete Details | No competing business for 2 years within the Territory, within 10 miles of the perimeter of the Territory, or within 10 miles of any other franchised or company-owned Patsy's Pizzeria. During the franchise term, no involvement in competing business anywhere in the U.S. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | The franchisee must personally supervise the operation of the franchised business unless permitted otherwise in writing. If an individual, the franchisee must either serve as or designate a Pizzeria Manager who exercises on-premises supervision and personally participates in the direct operation of the business. A Principal Pizzaman must also be designated with primary responsibility for food preparation. Both must complete the Initial Training Program. |
| Required Suppliers | Franchisees must purchase proprietary fresh mozzarella cheese, pizza flour, and pizza boxes from designated suppliers. All other menu items, ingredients, condiments, beverages, inventory, signs, furnishings, supplies, fixtures and equipment must be from designated or approved suppliers. |
| Supply Restrictions | Franchisees must offer only menu items, products and services specified by the franchisor. Required purchases represent approximately 83% to 85% of establishment cost and 25% of operating expenses. |
| Franchisor Revenue from Suppliers | In fiscal year ended December 31, 2022, the franchisor's affiliate received $1,940 from the sale of proprietary products by the affiliate's licensed supplier to franchisees. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | The franchisor does not offer direct or indirect financing and does not guarantee any note, lease or obligation. |
Patsy's Pizzeria Franchise Earnings — Item 19
Patsy's Pizzeria does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
Patsy's Pizzeria does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
Patsy's Pizzeria Litigation & Risk Flags
1 Pending Action ListedReview the full FDD for details on pending litigation.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Patsy's Pizzeria System Growth
Total Units
15
Franchised
14
Company-Owned
1
Patsy's Pizzeria currently operates 14 franchised locations and 1 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2020 | 1 | 1 | 12 |
| 2021 | 3 | 0 | 15 |
| 2022 | 1 | 1 | 15 |
Transfers: 0 | Closures: 1
State Registrations
Registered in 2 states: CT, NY
Franchisor Financials (Item 21)
Revenue
$323K
Net Income
$155K
Total Assets
$582K
Audited by Silverstein, Cottone & Mulshine LLP, CPA's for year ending December 31.
Patsy's Pizzeria Franchise — FAQ
The total investment to open a Patsy's Pizzeria franchise ranges from $278,500 to $746,100, per their Franchise Disclosure Document. This includes the initial franchise fee of $50,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Patsy's Pizzeria charges a royalty fee of 5.5% of Gross Revenues of gross sales, plus a 1% to 2% of Gross Revenues (Regional Advertising Cooperative); up to 2% of Gross Revenues (Advertising Fund, if established) contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Patsy's Pizzeria Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Patsy's Pizzeria to ensure you have the most up-to-date version.
Patsy's Pizzeria does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
Patsy's Pizzeria has been franchising since 2014. The FDD shows an investment range of $278,500-$746,100, a 5.5% of Gross Revenues royalty, and no Item 19 earnings disclosure. There are 1 pending litigation action(s). Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $50,000 and the total investment ranges from $278,500 to $746,100 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
Similar Food & Beverage Franchises
Interested in Patsy's Pizzeria?
Get free info on this franchise. We will send you a detailed FDD report by email.
Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Patsy's Pizzeria and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Patsy's Pizzeria or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com