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SUBJECT DOSSIER · FDD 2026

Toppers Pizza Franchise

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

Pizza · disclosure-honesty grade · from public state filings
GRADE D · WEAK DISCLOSURE

Disclosure honesty

D
Transparency 2 / 5

Toppers Pizza discloses earnings (Item 19) — but the grade is how honestly. We graded it D.

Outlets68
Disclosed lawsuits0
Closure signals2 ceased
Investment
$420,700–$732,684
Total fees
8.5% of sales
Outlets
68
Closure signals
2 ceased, 4 terminated
Lawsuits
0
◢ FINDINGS
ITEM 19
Grade D disclosure
The disclosed numbers are incomplete or framed to look better than an owner's real take-home.
ITEM 20
2 outlets ceased operations
2025: 4 terminations, 2 ceased operations, net franchised outlet count declined by 1.

What their own earnings claim actually says

Discloses only gross sales (avg ~$959K franchised, median ~$869K) for 49 qualifying franchised units. Excludes 6 closed units and 3 new units. No profitability, expenses, or net income data provided. Significant cherry-picking via exclusions.

What a Toppers Pizza franchise actually costs to run

FeeDisclosedWhere it comes from
Initial franchise fee$30,000Item 5 — paid up front, before you open
Royalty5.5% of gross salesItem 6 — charged on revenue, not profit
Advertising fund3% of gross salesItem 6 — brand marketing, spent at the franchisor's discretion
Total recurring fees8.5% of gross salesBefore rent, labor, food or debt service
Total initial investment$420,700 – $732,684Item 7 — franchisor's own low/high estimate

Technology fee 2% of online sales; $208/mo POS; additional ad cap 6.5% total.

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

Toppers Pizza system size and owner turnover

Total outlets68
Ceased operations2
Terminated by franchisor4
Transferred to new owners1
Closure rate2.9% of outlets

2025: 4 terminations, 2 ceased operations, net franchised outlet count declined by 1.

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 Toppers Pizza worth it? — how it compares to 38 similar franchises

Ongoing fees8.5% of salesabout average
Startup costfrom $420,700about average (median $380,000)
Disclosure honestyGrade Dtypical for the category
Closure rate2.9% of outletsworse than 69% 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 Toppers Pizza

The franchisor's framing: Discloses only gross sales (avg ~$959K franchised, median ~$869K) for 49 qualifying franch… We reconstruct what an owner actually keeps, from their own FDD.

LOW
MEDIAN
HIGH

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Toppers Pizza franchise — frequently asked

How much does a Toppers Pizza franchise cost?
The FDD lists a total initial investment of about $420,700–$732,684, including a $30,000 initial franchise fee.
How much do Toppers Pizza franchise owners make?
Discloses only gross sales (avg ~$959K franchised, median ~$869K) for 49 qualifying franchised units. Excludes 6 closed units and 3 new units. No profitability, expenses, or net income data provided. Significant cherry-picking via exclusions. We grade this disclosure D for honesty.
What are the Toppers Pizza franchise fees?
Toppers Pizza's FDD discloses a $30,000 initial franchise fee, a 5.5% royalty on gross sales, a 3% advertising-fund contribution, for roughly 8.5% of gross sales in recurring fees before rent, labor, or debt service. Technology fee 2% of online sales; $208/mo POS; additional ad cap 6.5% total.
What is the Toppers Pizza franchise profit margin?
Toppers Pizza does not publish a franchisee net-profit margin — almost no franchisor does. What Item 19 actually shows: Discloses only gross sales (avg ~$959K franchised, median ~$869K) for 49 qualifying franchised units. Excludes 6 closed units and 3 new units. No profitability, expenses, or net income data provided. Significant cherry-picking via exclusions. Recurring fees alone take about 8.5% 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 Toppers Pizza franchise failure rate?
2025: 4 terminations, 2 ceased operations, net franchised outlet count declined by 1.
How many Toppers Pizza locations are there?
Toppers Pizza's FDD reports 68 total outlets, with 2 that ceased operations in the most recent reporting year and 1 transferred to new owners. Item 20 is where system health shows up before the marketing does.
Does Toppers Pizza have complaints or lawsuits?
Toppers 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 Toppers Pizza franchise worth it?
It depends on the numbers, not the pitch. Toppers Pizza scores D on disclosure honesty, carries about 8.5% of sales in ongoing fees. Get the real owner take-home before you sign.

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Source: MN CARDS 35962-202604-09 (Clean FDD 2026). FranchiseValidate is independent and not affiliated with Toppers Pizza or its franchisor. Figures are extracted from the franchisor's own public disclosure document; verify against the current FDD before any decision.