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SUBJECT DOSSIER · FDD 2026

Carbone's Pizza Franchise

Cost, fees, owner earnings, closure rate and litigation for a Carbone's Pizza franchise — pulled from the franchisor's own public FDD (2026), not its sales material.

Pizza · disclosure-honesty grade · from public state filings

Disclosure honesty

C
Transparency 3 / 5

Carbone's Pizza discloses earnings (Item 19) — but the grade is how honestly. We graded it C.

Outlets33
Disclosed lawsuits0
Closure signals1 ceased
Investment
$328,600–$909,250
Total fees
4.33% of sales
Outlets
33
Closure signals
1 ceased, 0 terminated
Lawsuits
0
◢ FINDINGS
ITEM 20
1 outlets ceased operations
4 outlet closures in 3 years; declining system (37→33 outlets). Low transfer activity.

What their own earnings claim actually says

31 franchised restaurants' 12-month gross sales by model (Fast Casual avg $582,861, Express avg $388,601, Full-Service avg $1,273,066). Only 17-35% met/exceeded averages. Excludes alcohol, operating costs.

What a Carbone's Pizza franchise actually costs to run

FeeDisclosedWhere it comes from
Initial franchise fee$25,000Item 5 — paid up front, before you open
Royalty3.33% of gross salesItem 6 — charged on revenue, not profit
Advertising fund1% of gross salesItem 6 — brand marketing, spent at the franchisor's discretion
Total recurring fees4.33% of gross salesBefore rent, labor, food or debt service
Total initial investment$328,600 – $909,250Item 7 — franchisor's own low/high estimate

Tiered royalty: 4% first $1M, 3% next $1M, 2% above. 1% advertising capped at $2M sales.

Royalty and ad-fund percentages are charged on gross sales — an owner pays them whether or not the location is profitable.

Carbone's Pizza system size and owner turnover

Total outlets33
Ceased operations1
Terminated by franchisor0
Transferred to new owners0
Closure rate3.0% of outlets

4 outlet closures in 3 years; declining system (37→33 outlets). Low transfer activity.

From Item 20 of the FDD 2026. Terminations and ceased operations are the franchisor's own count of owners who stopped — the number the sales pitch leaves out.

Is Carbone's Pizza worth it? — how it compares to 38 similar franchises

Ongoing fees4.33% of saleslower than most (median 8%)
Startup costfrom $328,600cheaper than most (median $380,000)
Disclosure honestyGrade Ctypical for the category
Closure rate3.0% of outletsworse than 72% of peers
Disclosed lawsuits0fewer than most

Benchmarked against every pizza franchise we've graded from public FDDs — the context the franchisor's pitch never gives you.

◤ CLASSIFIED · ITEM 19 RECONSTRUCTED

Owner take-home for a Carbone's Pizza

The franchisor's framing: 31 franchised restaurants' 12-month gross sales by model (Fast Casual avg $582,861, Expres… We reconstruct what an owner actually keeps, from their own FDD.

LOW
MEDIAN
HIGH

See a full sample report → · 30-day guarantee

Carbone's Pizza franchise — frequently asked

How much does a Carbone's Pizza franchise cost?
The FDD lists a total initial investment of about $328,600–$909,250, including a $25,000 initial franchise fee.
How much do Carbone's Pizza franchise owners make?
31 franchised restaurants' 12-month gross sales by model (Fast Casual avg $582,861, Express avg $388,601, Full-Service avg $1,273,066). Only 17-35% met/exceeded averages. Excludes alcohol, operating costs. We grade this disclosure C for honesty.
What are the Carbone's Pizza franchise fees?
Carbone's Pizza's FDD discloses a $25,000 initial franchise fee, a 3.33% royalty on gross sales, a 1% advertising-fund contribution, for roughly 4.33% of gross sales in recurring fees before rent, labor, or debt service. Tiered royalty: 4% first $1M, 3% next $1M, 2% above. 1% advertising capped at $2M sales.
What is the Carbone's Pizza franchise profit margin?
Carbone's Pizza does not publish a franchisee net-profit margin — almost no franchisor does. What Item 19 actually shows: 31 franchised restaurants' 12-month gross sales by model (Fast Casual avg $582,861, Express avg $388,601, Full-Service avg $1,273,066). Only 17-35% met/exceeded averages. Excludes alcohol, operating costs. Recurring fees alone take about 4.33% of gross sales, before rent, labor, food or debt service. Margin has to be reconstructed from the disclosure, not read off it.
What is the Carbone's Pizza franchise failure rate?
4 outlet closures in 3 years; declining system (37→33 outlets). Low transfer activity.
How many Carbone's Pizza locations are there?
Carbone's Pizza's FDD reports 33 total outlets, with 1 that ceased operations in the most recent reporting year and 0 transferred to new owners. Item 20 is where system health shows up before the marketing does.
Does Carbone's Pizza have complaints or lawsuits?
Carbone's Pizza discloses no material litigation in Item 3 of the filing we reviewed. That's a positive signal, though it covers only what the franchisor is required to report.
Is a Carbone's Pizza franchise worth it?
It depends on the numbers, not the pitch. Carbone's Pizza scores C on disclosure honesty, carries about 4.33% of sales in ongoing fees. Get the real owner take-home before you sign.

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Source: WI DFI Franchise Registration (2026). FranchiseValidate is independent and not affiliated with Carbone's Pizza or its franchisor. Figures are extracted from the franchisor's own public disclosure document; verify against the current FDD before any decision.