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Fox's Pizza

Fox's Pizza

The total investment to open a Fox's Pizza franchise ranges from $108,800 to $236,000. The initial franchise fee is $15,000.

What is the Fox's Pizza franchise?

Foxs Pizza began in 1971, when Jim Fox, also known as James Fox Jr., opened a pizza shop in Pitcairn, Pennsylvania, with $500, a rented storeroom, and used equipment. Franchising began in 1974, three years later, with a goal of helping others pursue entrepreneurial independence. The brand operates as Fox's Pizza Den, Inc., headquartered in Murrysville, Pennsylvania. Recent franchise data lists 117 franchised units, while other reports cite over 200 locations, approximately 276 locations, and over 195 locations across 18 states. Other sources place the system in 23 or 25 states. All locations are franchise owned. The menu includes pizza, hoagies, wedgies, which are sandwiches made on pizza crust, and Stromboli. Foxs Pizza highlights 100% real cheese and an award winning sauce. Its history, menu, and franchise structure place it within the limited service restaurant and pizza markets.

The pizza segment exceeds $45 billion annually and continues to show growth projections. Consumer demand centers on convenience, value, family friendly meals, customization, and quality ingredients. Pizza also serves as a shared meal and an affordable takeout or delivery option. Digital ordering, third party delivery, urbanization, changing work life patterns, and food technology continue to influence the sector. Competition includes independent pizzerias and large national chains. Foxs Pizza competes through brand recognition, consistent operations, menu variety, and its five decade history. Its expansion shows an ability to operate within a changing and competitive market.

The initial Foxs Pizza franchise fee is reported as $15,000, $20,000, or $21,000. Estimated total investment figures include $109,000 to $236,000, $108,800 to $236,000, $111,550 to $210,050, and $101,800 to $236,250. Another estimate places the investment at $136,600 to $424,500. Costs vary by location, establishment type, whether the business uses the Conversion Plus Program, and whether property is leased or purchased. The FDD lists an Initial Franchise Fee of $15,000, an Initial New Store Grand Opening Fee of $8,000, and a Site Consulting and Project Management Fee of $8,000, totaling $31,000 payable to the franchisor. Other estimated costs include Lease and Utilities Deposits of $800 to $1,500, Leasehold Improvements, Construction, and Remodeling of $5,000 to $30,000, Furniture, Fixtures, and Equipment of $40,000 to $125,000, Real Estate and Rent of $5,000 to $7,000, Signage of $3,500 to $5,000, and Business Licenses and Permits of $500 to $5,000. Initial Inventory is $11,000 to $14,500, Advertising is $1,500 to $4,500, a Computer System is $2,500 to $3,000, and Insurance is $2,750 to $3,500. Additional Funds of $5,250 to $6,000 are estimated for the first three months. Liquid capital requirements are reported as $50,000, $40,000, or $25,000, with advice to hold 25 to 30% more for working capital. Minimum net worth is $200,000. The monthly royalty is reported as $500 or $400, regardless of sales volume. An advertising or national brand fund fee of 1.00% is also cited. Foxs Pizza is described as a mid tier franchise with in house and third party financing options for qualified candidates.

Franchisees prepare and sell pizza, hoagies, wedgies, and Stromboli using proprietary recipes, an award winning sauce, and 100% real cheese. The Conversion Plus Program allows existing independent pizza restaurants to become Foxs Pizza Den locations. New franchisees receive a week of on site initial training followed by a three day follow up. The program includes over 70 hours of hands on, on the job training and up to 40 hours of classroom instruction covering the operation manual, marketing, and communication. Ongoing support includes marketing assistance, operational guidance, site selection, and store design. Foxs Pizza operates distribution centers in Pittsburgh, Pennsylvania, and Vicksburg, Mississippi. These centers support product consistency and pass buying power savings to franchisees. Each franchisee receives a limited protected territory. Although the model is not specifically defined as owner operated, the family history and Jim Fox's personal relationships with franchise owners suggest a preference for engaged operators.

The broader U.S. pizza market exceeds $45 billion annually. System estimates include over 200 locations, approximately 276 locations, and over 195 locations across 18 to 25 states. The Vicksburg distribution center supplements the original Pittsburgh facility and supports growth in the Southeast. Its buying power savings may affect cost of goods sold and unit margins. The reported flat royalty of $500 or $400 per month does not increase with sales volume, allowing franchisees to retain more incremental revenue than under a percentage based royalty structure.

Foxs Pizza began franchising in 1974, three years after its 1971 founding, and now reports 117 franchised units, with broader estimates of over 200, approximately 276, and over 195 locations in 18, 23, or 25 states. James Fox Jr. passed away in May 2022. His son, James Fox III, stepped up in 2021 to lead the national chain. The second distribution center in Mississippi supplements Pittsburgh, supports new Southeast franchises, and advances the brand's big plans for future expansion. Differentiating features include more than 50 years of brand history, family relationships with franchise owners, 100% real cheese, an award winning sauce, and wedgies. The two center distribution system supports product consistency and cost savings. The Conversion Plus Program gives existing independent pizza restaurants another entry path. Jim Fox also helped develop the nation's first pizza making robot, intended to assist disabled individuals in owning and operating pizza shops.

The intended candidate is generally an entrepreneur who wants to be an active owner operator in the community. Specific industry or management experience is not stated as a requirement. Financial qualifications include reported liquid capital of $50,000, $40,000, or $25,000, with advice to maintain 25 to 30% above the minimum for working capital, plus a minimum net worth of $200,000. Foxs Pizza is offering opportunities in prime regions and open territories across the United States, with particular attention to the Southeast and support from the Mississippi distribution center. International opportunities are unavailable. The path from signing to opening includes site selection, store design, construction or remodeling, and training consisting of a week long on site session followed by a three day follow up, with over 70 hours of on the job training and up to 40 hours of classroom instruction. The agreement term is not specified. The Conversion Plus Program also accommodates existing pizza restaurant owners who want to convert their businesses into Foxs Pizza Den locations.

Foxs Pizza merits detailed review for buyers considering the limited service restaurant sector. Founded by Jim Fox in 1971, the brand has a five decade history and reported growth to over 200 locations. Its monthly royalty is reported as $500 or $400, and its training includes over 70 hours of on the job instruction and up to 40 hours of classroom instruction. Distribution centers in Pittsburgh and Vicksburg support product supply and buying power savings. The Loan Activity Score is 46, rated Fair. The menu includes wedgies, and the Southeast remains a focus for expansion.

Loan Activity Score

46/100

SBA Default Rate

18.6%

Active Lenders

76

According to its Franchise Disclosure Document or public business records, Fox's Pizza has 138 locations, all owned by franchisees. Public SBA loan records show 76 lenders made 177 loans to franchisees of Fox's Pizza. PeerSense calculates Fox's Pizza's score as 46 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2024 Franchise Disclosure Document.

Franchising since 1971 · 138 locations

Investment

$108,800 to $236,000

Franchise Fee

$15,000

Total Units

138

138 franchised

Loan Activity Score
Very high
46
SBA Lending
17
Lender Quality
9
Transparency
8
Reach
9
Momentum
3

Proprietary PeerSense metric

Fair
Capital Sources
76SBA lenders

Distinct lenders in public SBA records for Fox's Pizza

177

Total SBA loans

$98K

Average loan size

Source: public SBA 7(a) and 504 loan records through December 31, 2025

Referral fee at closing

SBA Lending Activity for Fox's Pizza

Loan Activity Score Breakdown

Major Brand (100+ loans)

Very High Confidence
46out of 100
Fair
Market Momentum3/35

Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.

Loan Safety17/25

Blended default rate (recent + all time) compared to NAICS sector peers.

Lender Confidence9/15

Quality lenders actively backing this brand, with penalty for lender pullback.

Transparency8/15

FDD availability, Item 19 disclosure, and overall data completeness.

Footprint9/10

Geographic spread of SBA funded locations across states.

SBA Lending Performance

SBA Default Rate

18.6%

vs 10.3% peer avg

SBA Loans

177

Total Volume

$17.3M

Active Lenders

76

11 selective

States

24

vs. SBA Sector Average

-8.3%higher default rate

SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors

Key Highlights

138 locations nationwide

Data Insights

Key performance metrics for Fox's Pizza based on SBA lending data

SBA Default Rate

18.6%

8.3% above peer avg

SBA Loan Volume

177 loans

Across 76 lenders

Lender Diversity

76 lenders

Avg 2.3 loans per lender

Investment Tier

Mid range investment

$108,800 to $236,000 total

Fox's Pizza: Deep SBA Data

Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.

Peak SBA Year

2005

25 approvals. The best year on record for Fox's Pizza.

Top SBA State

Pennsylvania

60 SBA financed Fox's Pizza locations, the densest operator footprint.

Average Loan Size

$98K

Median $72K. Use as a sizing anchor when modeling your own Fox's Pizza unit.

Lender Concentration

32.2%

Moderately Spread

Share of Fox's Pizza approvals captured by the top 3 SBA lenders.

Fox's Pizza's SBA lending pipeline peaked in 2005 (25 approvals). The last five fiscal years account for 11% of cumulative volume ($4.5M approved). Operator density is highest in Pennsylvania with 60 SBA financed locations. Average funded ticket sits at $98K, with the median at $72K. Lender mix is moderately spread: the top three SBA lenders account for 32.2% of approvals. Meaningful choice exists, but specific lenders carry the brand.

Payment Estimator

Loan Amount$87K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$1,126

Principal & Interest only

Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.

Locations

Fox's Pizza, unit breakdown

Total Units
N/A
Franchisee Owned
n/a
System Owned
n/a
Closed
n/a

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2 FDDs Available for Fox's Pizza

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Fox's Pizza

Page Review

Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense

  • PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
  • Edward L. Freeman founded PeerSense in January 2020.
  • He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
  • His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
  • In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page

Last reviewed LinkedIn profileAbout Edward Freeman