Quick Verdict · who it fits
Noble Roman's Pizza fits first-time franchise buyers looking for a mid-scale food & beverage concept.
The numbers a buyer needs first — straight from the filing.
System size (Item 20)
460 +51
Agreement term
10 yrs
Training (Item 11)
36 days
Company-owned units
1
Item 3 litigation
None disclosed
Buyer qualifications
•No exclusive territory✓Semi-absentee eligible✓No bankruptcy disclosed✓No Item 3 litigation
Data extracted from the 2026 FDD filed with state regulators. Fees and terms may have changed since filing — request the current FDD from the franchisor before deciding. Not legal, financial, or investment advice. Full disclaimer.
Free AI summary — the first read on the filing.
414
Total units open
413 franchised + 1 company-owned as of December 31, 2024
68 new non-traditional outlets opened in 2024
Units opened last year
2,458 units ceased operations in 2024
Units closed last year
-2,458 net decline in 2024
Net unit growth
What our analysis flagged across the 2026 filing.
5
Risks to review
4
Strengths identified
5
Questions to ask
Closest concepts by category and investment.
| Brand | Item 19 | Fee | Investment | Royalty | Units |
|---|---|---|---|---|---|
| Noble Roman's Pizza | None | — | — | — | 460 |
| Avotoasty Franchising Llc - Org-534375Similar price | None | — | — | — | — |
| Doctor's AssociatesBiggest system | None | $15K | $227K - $630K | 8% | 18,773 |
| Vintage Hospitality GroupTop-rated in category | Disclosed | $50K | $3.5M - $6.4M | 5.5% | 33 |
Not sure Noble Roman's Pizza is the one?
Answer five questions and get matched against 2,000+ analyzed FDDs — including every Food & Beverage brand we cover. Free, no account needed.
Free explainers to go deeper before you sign.
Brand Analysis
The 2026 Cinnabon Franchisor SPV LLC disclosure puts a Full Bakery at $196,250 to $715,100 with a $35,500 fee, and reports a $600,536 median across 189 enclosed mall bakeries.
Brand Analysis
Chipotle reported 4,186 company-operated restaurants and 15 international licensed restaurants as of June 30, 2026. None are franchised, there is no FDD, and there is nothing to apply for. Qdoba is the franchised version of the same order line, and its 12/25 FDD puts a traditional restaurant at $548,100 to $1,294,000.
Brand Analysis
Cracker Barrel Old Country Store, Inc. reported 656 company-operated stores in 43 states as of January 30, 2026, and the brand has never sold a franchise. Huddle House and Another Broken Egg cover the same daypart with filed FDDs, at $555,375 to $1,715,275 and $792,500 to $1,804,000.
Noble Roman's Pizza is franchised by NOBLE ROMANS INC, the franchisor entity of record on its Franchise Disclosure Document. Item 1 of the FDD discloses the franchisor's corporate history, parents, and predecessors.
No. Noble Roman's Pizza does not include a financial performance representation in its FDD. Prospective buyers should rely on validation calls with existing franchisees and benchmark against industry medians.
As of their 2026 FDD, Noble Roman's Pizza has 460 total locations, with 51 new locations opened in the most recent reporting year. This information comes from Item 20 of the FDD.
Yes. Noble Roman's Pizza's most recent FDD documents approximately 36 days of initial training, typically split between classroom and on-site components. See Item 11 of the FDD for the full training and support schedule.
No. Noble Roman's Pizza does not grant exclusive territory rights under Item 12. The franchisor retains the right to operate or grant additional units inside or adjacent to your trade area.
Per the FDD, Noble Roman's Pizza discloses an initial agreement term of 10 years, a transfer fee of $2,000. Review Items 10 and 17 for the full renewal and termination provisions.
This page is part of VetMyFranchise. View all pages: llms.txt · llms-full.txt