Happy's Pizza
The total investment to open a Happy's Pizza franchise ranges from $263,700 to $619,250. The initial franchise fee is $25,000. Ongoing royalties are 5% plus a 1% advertising fee.
What is the Happy's Pizza franchise?
Happy's Pizza is a counter service restaurant selling pizza and other casual food to customers. The estimated total initial investment is $263,700 to $619,250. The initial franchise fee is $25,000.
The ongoing royalty is 5 percent of sales, and the advertising or brand fund fee is 1 percent. The franchise agreement runs for 5 years. Happy's Pizza is headquartered in Commerce Township, MI. Cost and fee figures are from the 2026 Franchise Disclosure Document.
Loan Activity Score
19/100
SBA Default Rate
33.3%
Active Lenders
4
According to its Franchise Disclosure Document or public business records, Happy's Pizza has 54 locations, all owned by franchisees. Public SBA loan records show 4 lenders made 12 loans to franchisees of Happy's Pizza. PeerSense calculates Happy's Pizza's score as 19 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2026 Franchise Disclosure Document.
Franchising since 2020 · 54 locations
$263,700 to $619,250
$25,000
54
54 franchised
Proprietary PeerSense metric
LimitedDistinct lenders in public SBA records for Happy's Pizza
12
Total SBA loans
$395K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Happy's Pizza
Loan Activity Score Breakdown
Growing (10 to 24 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
33.3%
vs 10.3% peer avg
SBA Loans
12
Total Volume
$4.7M
Active Lenders
4
States
1
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Happy's Pizza based on SBA lending data
SBA Default Rate
33.3%
23.0% above peer avg
SBA Loan Volume
12 loans
Across 4 lenders
Lender Diversity
4 lenders
Avg 3.0 loans per lender
Investment Tier
Significant investment
$263,700 to $619,250 total
Happy'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
2015
4 approvals. The best year on record for Happy's Pizza.
Top SBA State
Michigan
12 SBA financed Happy's Pizza locations, the densest operator footprint.
Average Loan Size
$395K
Median $336K. Use as a sizing anchor when modeling your own Happy's Pizza unit.
Lender Concentration
91.7%
Concentrated
Share of Happy's Pizza approvals captured by the top 3 SBA lenders.
Happy's Pizza's SBA lending pipeline peaked in 2015 (4 approvals). The last five fiscal years account for 8% of cumulative volume ($1.4M approved). Operator density is highest in Michigan with 12 SBA financed locations. Average funded ticket sits at $395K, with the median at $336K. Lender mix is concentrated: the top three SBA lenders account for 91.7% of approvals. Credit decisions concentrate with a small group of incumbents.
Payment Estimator
Estimated Monthly Payment
$2,730
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
Happy's Pizza, unit breakdown
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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