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SUBJECT DOSSIER · FDD 2026

Figaro's and Nick-N-Willy's Franchise

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

Pizza · disclosure-honesty grade · from public state filings
GRADE F · FAILS DISCLOSURE

Disclosure honesty

F
Transparency 1 / 5

Figaro's and Nick-N-Willy's discloses little or no owner-earnings data (Item 19) — the franchisor won't put real profit in writing.

Outlets36
Disclosed lawsuits0
Closure signals
Investment
Total fees
Outlets
36
Closure signals
Lawsuits
0
◢ FINDINGS
ITEM 19
No real earnings disclosure
The franchisor won't put owner profit in writing — you can't verify the pitch.

What their own earnings claim actually says

Item 19 not provided in excerpts. Cannot assess financial performance representations.

What a Figaro's and Nick-N-Willy's franchise costs to run

Items 3, 5, 6, 7 fee data not included in provided excerpts.

Figaro's and Nick-N-Willy's filing doesn't break its fees into a table we can itemise — this is the fee language as disclosed. Ask for Items 5 and 6 directly.

Figaro's and Nick-N-Willy's system size and owner turnover

Total outlets36
Transferred to new owners3

36 total outlets across systems with minimal recent transfers (3 in 2025).

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 Figaro's and Nick-N-Willy's worth it? — how it compares to 38 similar franchises

Disclosure honestyGrade Fless honest than most of the category
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 Figaro's and Nick-N-Willy's

The franchisor's framing: Item 19 not provided in excerpts. Cannot assess financial performance representations.… We reconstruct what an owner actually keeps, from their own FDD.

LOW
MEDIAN
HIGH

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Figaro's and Nick-N-Willy's franchise — frequently asked

How much does a Figaro's and Nick-N-Willy's franchise cost?
Figaro's and Nick-N-Willy's current FDD excerpt doesn't clearly state a total investment range — ask for Item 7 directly.
How much do Figaro's and Nick-N-Willy's franchise owners make?
Figaro's and Nick-N-Willy's discloses little or no earnings data (Item 19) — meaning the franchisor won't put real owner profit in writing. That's a red flag worth questioning.
What are the Figaro's and Nick-N-Willy's franchise fees?
Figaro's and Nick-N-Willy's FDD excerpt doesn't clearly itemise the fee structure — ask for Items 5 and 6 directly.
What is the Figaro's and Nick-N-Willy's franchise profit margin?
Figaro's and Nick-N-Willy's discloses no Item 19 earnings representation, so no profit margin can be derived from the FDD at all. Any margin figure quoted elsewhere is an estimate, not a disclosure.
What is the Figaro's and Nick-N-Willy's franchise failure rate?
36 total outlets across systems with minimal recent transfers (3 in 2025).
How many Figaro's and Nick-N-Willy's locations are there?
Figaro's and Nick-N-Willy's FDD reports 36 total outlets and 3 transferred to new owners. Item 20 is where system health shows up before the marketing does.
Does Figaro's and Nick-N-Willy's have complaints or lawsuits?
Figaro's and Nick-N-Willy's 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 Figaro's and Nick-N-Willy's franchise worth it?
It depends on the numbers, not the pitch. Figaro's and Nick-N-Willy's scores F on disclosure honesty. 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 Figaro's and Nick-N-Willy's or its franchisor. Figures are extracted from the franchisor's own public disclosure document; verify against the current FDD before any decision.