Rapid Fired Pizza Franchising,
Franchising since 2015 · 14 locations
The total investment to open a Rapid Fired Pizza Franchising, franchise ranges from $230,000 - $560,000. The initial franchise fee is $26,000. Ongoing royalties are 6% plus a 3% advertising fee. Rapid Fired Pizza Franchising, currently operates 14 locations (14 franchised). PeerSense FPI health score: 49/100.
$230,000 - $560,000
$26,000
14
14 franchised
Proprietary PeerSense metric
FairActive capital sources verified for Rapid Fired Pizza Franchising, financing
SBA
7(a) Eligible
21d
Avg Funding
P+2.25%
Best Rate
No retainers · Referral fee at closing
FPI Score Breakdown
Growing (10-24 loans)
SBA Lending Performance
SBA Default Rate
5.9%
1 of 17 loans charged off
SBA Loans
17
Total Volume
$6.1M
Active Lenders
10
States
6
Top SBA Lenders for Rapid Fired Pizza Franchising,
What is the Rapid Fired Pizza Franchising, franchise?
Prospective franchisees navigating the competitive fast-casual pizza market often grapple with the critical decision of selecting a brand that offers both a robust operational framework and a clear path to profitability, all while ensuring their significant capital investment is protected. The challenge lies in identifying a franchise opportunity that stands out amidst a crowded landscape, providing comprehensive support, strong unit economics, and a proven growth trajectory. Rapid Fired Pizza Franchising presents a detailed opportunity designed to address these investor concerns, emphasizing a streamlined operational model, compelling unit economics, and extensive support for its franchise partners, positioning itself as a guide for entrepreneurs seeking to enter this dynamic segment. The brand was founded in 2015, with its inaugural store opening in Dayton, Ohio, by Ray Wiley, an experienced entrepreneur also recognized for establishing Hot Heads Burritos. Initially headquartered in Kettering, Ohio, the company underwent a significant ownership transition on October 22, 2021, when it was acquired by two of its seasoned franchisees, Mike Kern and Chip Hurst, operating under their entity, Pie Guys Restaurants LLC. Following this strategic acquisition, Mike Kern assumed the pivotal roles of CEO and President, while Chip Hurst stepped into the position of Chief Development Officer, bringing their combined operational and real estate development expertise to the forefront of the brand’s leadership. Ray Wiley, the founder, divested his ownership stake but continues to operate Rapid Fired Pizza locations in Ohio as a licensee, maintaining a connection to the brand's roots. The current operational footprint of Rapid Fired Pizza Franchising comprises 14 total units, all of which are franchised, underscoring a pure-play franchise model. This scale, while specific, is strategically positioned within the broader limited-service restaurants category, a segment characterized by high consumer demand for convenience and value. The new ownership, with Pie Guys Restaurants LLC based in South Carolina—where Kern and Hurst already operate Rapid Fired Pizza locations in Spartanburg, Greenville, and Easley—is actively considering a potential relocation of the company's headquarters to South Carolina, signaling a strategic shift in geographical focus. This evolution, coupled with a commitment to a proven operational model, aims to deliver a transformative investment experience for franchisees.
The limited-service restaurants category, which encompasses the fast-casual pizza segment, represents a substantial and continually expanding total addressable market, driven by evolving consumer preferences and lifestyle changes. This industry benefits from key consumer trends such as a sustained demand for convenience, the growing preference for customizable food options, and the enduring popularity of pizza as a versatile and widely accepted meal choice. Consumers today increasingly seek quick service without compromising on quality or the ability to personalize their orders, a demand that Rapid Fired Pizza’s operational model is specifically designed to meet with its emphasis on streamlined production and consistent output. The secular tailwinds benefiting this specific brand include the ongoing shift towards off-premise dining, including takeout and delivery services, which the fast-casual model is inherently well-suited to accommodate. Furthermore, the economic environment often favors value-driven concepts that offer speed and efficiency, attracting a broad customer base. The industry category consistently attracts franchise investment due to its resilient demand, generally lower operational overhead compared to full-service dining, and high potential for scalability across diverse geographic and demographic markets. Competitive dynamics within the fast-casual pizza segment are characterized by a fragmented landscape, featuring numerous regional and national players. Differentiation is paramount, and brands that can offer a superior customer experience, operational efficiency, and comprehensive franchisee support tend to gain market share. Macro forces such as technological advancements in order processing and delivery logistics, coupled with a renewed focus on efficient kitchen designs, create significant opportunities for brands like Rapid Fired Pizza Franchising to enhance their competitive positioning and drive unit-level profitability.
Investing in a Rapid Fired Pizza Franchising franchise involves a structured financial commitment designed to facilitate entry into the fast-casual pizza market. The initial franchise fee is $26,000, a figure that is typically integrated into the overall estimated opening costs for a new location. For entrepreneurs planning multi-unit expansion, an additional franchise fee of $16,000 is applied when acquiring the second, third, or fourth franchise, incentivizing growth within the system. The total investment range for establishing a Rapid Fired Pizza location is notably variable, spanning from $230,000 to $560,000, influenced significantly by the specific site chosen and its existing condition. For most inline store formats, the estimated investment typically falls between $340,000 and $450,000. Other sources provide a broader range for the total Rapid Fired Pizza Franchising franchise investment, indicating figures from $266,500 to $854,750, and another estimate from $266,500 to $644,750, reflecting the diverse scenarios prospective franchisees might encounter. A typical store, occupying a space of 2000 to 2800 square feet within a strip center and benefiting from reasonable tenant improvement contributions from the landlord, is estimated to cost between $300,000 and $450,000, with potential for this figure to be higher based on specific market conditions. Costs can be substantially mitigated if the chosen space was previously a restaurant, already equipped with ADA-compliant bathrooms and other essential amenities, potentially reducing build-out expenses. Landlord-provided tenant improvement (TI) monies can be a significant factor, potentially amounting to as much as $25 per square foot, which directly lowers a franchisee's out-of-pocket expenses. However, for a franchisee intending to purchase both the land and the building, the total Rapid Fired Pizza Franchising franchise cost can exceed one million dollars, representing a premium investment tier. Ongoing financial obligations include a royalty rate of 6% of net sales, which is paid weekly via ACH, and a contribution of 3% of net sales to an advertising fund, also collected weekly by ACH, ensuring consistent brand promotion and development. The minimum liquid capital required for a Rapid Fired Pizza Franchising franchise is $85,000, positioning this opportunity as a mid-tier investment that is accessible to a broad spectrum of qualified entrepreneurs seeking a robust franchise opportunity. The parent company, Pie Guys Restaurants LLC, provides significant corporate backing, leveraging the extensive QSR experience of its leadership. This investment profile is generally eligible for Small Business Administration (SBA) financing, providing potential avenues for funding for qualified candidates.
The operating model for a Rapid Fired Pizza Franchising franchise is meticulously designed for straightforward execution, making the daily operations manageable for franchisees. The company emphasizes clear and simple procedures, which significantly facilitates employee training for consistent pizza production, ensuring quality and speed across all units. This focus on operational simplicity aims to reduce complexity and optimize labor efficiency, a critical factor in the limited-service restaurant category. Franchisees can expect a lean staffing model supported by the brand’s efficient processes. While specific format options beyond traditional inline stores (typically 2000 to 2800 square feet in strip centers) are not detailed, the brand's stated ambition to expand into nontraditional markets—including grocery stores, stadiums, and student centers—suggests a strategic flexibility in store formats and operational adaptations for diverse venues. For example, the partnership with Kroger Co. in March 2019 to launch venues in select Ohio supermarkets, with the first opening in a Kroger Marketplace in Mt. Orab, Ohio, demonstrates this adaptability. The training program is comprehensive, supporting a "turn-key operation" approach that covers all critical aspects from initial setup to ongoing management. This "incredible" support structure includes in-house services such as demographic analysis to identify optimal locations, customer information gathering for targeted marketing, graphic design for brand consistency, marketing strategies for grand openings and ongoing promotions, architectural design assistance for efficient store layouts, and real estate leasing guidance for securing favorable terms. The company provides robust build-out support, grand opening marketing initiatives, and continuous training and support to ensure franchisees are well-equipped. Regarding territory structure, while there are no general restricted areas that universally limit development, Rapid Fired Pizza Franchising reserves the right to sell specific geographical areas to a franchisee or to restrict development to certain franchisees within a defined area, allowing for strategic market penetration. The additional franchise fee of $16,000 for the second, third, or fourth franchise explicitly encourages multi-unit development, indicating that the brand values and supports growth-oriented operators. The comprehensive support and streamlined model are conducive to an owner-operator model, where the franchisee is actively involved in the daily management and strategic oversight of their Rapid Fired Pizza Franchising franchise.
Prospective investors conducting due diligence on the Rapid Fired Pizza Franchising franchise opportunity should note that Item 19 financial performance data is not disclosed in the current Franchise Disclosure Document. This means that current FDD does not provide specific average unit revenues, profit margins, or owner earnings directly from the franchisor. However, external market analysis and historical data points from the brand's past operations and industry estimates offer valuable context for assessing potential financial performance, which is crucial for understanding the Rapid Fired Pizza Franchising franchise revenue potential. According to Technomic estimates, the systemwide sales for Rapid Fired Pizza reached $25 million in 2018, with an impressive average unit volume (AUV) of $1,015,000 in that same year, demonstrating robust unit-level performance. In 2020, the total sales for the chain were approximately $25.2 million, indicating consistent revenue generation even amidst challenging market conditions. Furthermore, the brand experienced significant financial growth, with a sales surge of almost 42% year over year in 2018. In 2020, the chain recorded a 5.4% sales growth compared to the previous year, and it averaged a substantial 31% sales growth over the three years leading up to 2021, showcasing a strong growth trajectory prior to the 2021 acquisition. While not part of the current FDD's Item 19 disclosure, past reports have indicated that the yearly gross sales for a Rapid Fired Pizza unit were $808,751, with estimated owner-operator earnings ranging from $97,051 to $121,313. These historical figures, while not a guarantee of future performance and not currently disclosed in the FDD, suggest a potentially attractive earnings profile for an owner-operator and an estimated franchise payback period of between 5.6 and 7.6 years. The consistent historical sales growth and the previously reported AUV of over $1 million provide strong indicators of the brand's potential for generating significant Rapid Fired Pizza Franchising franchise revenue and a solid return on investment, even in the absence of current FDD Item 19 disclosures.
Rapid Fired Pizza Franchising has demonstrated a dynamic growth trajectory, although its current operational footprint of 14 total franchised units reflects recent shifts in its corporate structure. Historically, the brand expanded from 18 sites in the Dayton, Ohio area as of May 2017, to 27 U.S. units in 2018, adding three stores that year. By October 2021, the company operated 30 units, with 33 stores across six states, and in 2020, the unit count stood at 35 locations. This historical expansion underscores the brand's capacity for growth. The significant corporate development on October 22, 2021, involved the acquisition of Rapid Fired Pizza by two of its franchisees, Mike Kern and Chip Hurst, under Pie Guys Restaurants LLC. This change in ownership brought in new leadership with extensive experience: Mike Kern previously served as CEO and CMO of Long John Silver's, Inc., and as Vice President of Brand Marketing for KFC, also owning and operating over 30 Long John Silver's and A&W All American Food restaurants. Chip Hurst contributes over two decades of experience in commercial real estate development. This leadership transition signals a strategic revitalization, aiming to leverage deep QSR and real estate expertise for future expansion. The brand has ambitious expansion plans, with five new locations slated to open within the year following the October 2021 acquisition across South Carolina, Indiana, West Virginia, and Texas. Rapid Fired Pizza also aims to expand into nontraditional markets, including grocery stores, stadiums, and student centers, exemplified by its March 2019 partnership with Kroger Co. to launch venues in select Ohio supermarkets. The competitive moat for Rapid Fired Pizza Franchising is built on its streamlined operational model, which simplifies employee training and ensures consistent pizza production, coupled with comprehensive franchisee support. The new leadership's vast experience in large-scale quick-service restaurant operations provides a distinct advantage in optimizing supply chain, marketing, and real estate strategies. The brand is adapting to current market conditions through its strategic focus on expanding into diverse, nontraditional locations and by offering a franchise opportunity that is available nationwide, catering to evolving consumer access points and preferences.
The ideal candidate for a Rapid Fired Pizza Franchising franchise opportunity is an entrepreneur with a strong business acumen, a commitment to operational excellence, and a desire to grow within the fast-casual pizza segment. While specific industry experience is beneficial, the brand's comprehensive "turn-key operation" support and straightforward operational model make it accessible to individuals with a solid management background who are eager to learn and implement proven systems. The company's structure, including an additional franchise fee of $16,000 for the second, third, or fourth franchise, clearly indicates an expectation and encouragement for multi-unit development. This suggests that the brand is particularly seeking growth-oriented franchisees capable of expanding their portfolio within the Rapid Fired Pizza Franchising system. Franchises are available nationwide, offering broad geographic focus for prospective investors. The brand's current footprint spans the Midwest, Southeast, and Texas, with specific expansion plans targeting South Carolina, Indiana, West Virginia, and Texas following the October 2021 acquisition, indicating these regions are strategic growth markets. Historically, the Dayton, Ohio area demonstrated strong performance with 18 sites by May 2017, suggesting established market viability. The new ownership's base in South Carolina and their operation of Rapid Fired Pizza locations in Spartanburg, Greenville, and Easley further highlight the Southeast as a key region for future development. While the exact timeline from signing to opening is not explicitly provided, the "turn-key operation" suggests an efficient and supported process designed to get new units operational promptly.
Rapid Fired Pizza Franchising offers a compelling investment thesis within the thriving limited-service restaurant category, particularly for those seeking a scalable fast-casual pizza franchise opportunity under experienced leadership. The brand's emphasis on a streamlined operational model, coupled with comprehensive franchisee support, provides a robust framework for new and experienced operators alike. While the current Franchise Disclosure Document does not include Item 19 financial performance representations, historical data points provide valuable insights. These include Technomic estimates of systemwide sales reaching $25 million in 2018 with an average unit volume (AUV) of $1,015,000, and the brand's impressive average sales growth of 31% over the three years leading up to 2021. Furthermore, previously reported yearly gross sales of $808,751 and estimated owner-operator earnings ranging from $97,051 to $121,313 offer a benchmark for potential profitability. The accessible Rapid Fired Pizza Franchising franchise cost, with total investment ranging from $230,000 to $560,000, and a minimum liquid capital requirement of $85,000, positions this as a viable mid-tier investment. The strategic shift under new ownership, focusing on ambitious expansion plans into both traditional and nontraditional markets, further enhances its appeal as a high-potential franchise opportunity. PeerSense provides exclusive due diligence data including SBA lending history, FPI score (49, Fair), location maps with Google ratings, FDD financial data (where available), and side-by-side comparison tools. Explore the complete Rapid Fired Pizza Franchising franchise profile on PeerSense to access the full suite of independent franchise intelligence data.
FPI Score
49/100
SBA Default Rate
5.9%
Active Lenders
10
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Rapid Fired Pizza Franchising, based on SBA lending data
SBA Default Rate
5.9%
1 of 17 loans charged off
SBA Loan Volume
17 loans
Across 10 lenders
Lender Diversity
10 lenders
Avg 1.7 loans per lender
Investment Tier
Significant investment
$230,000 – $560,000 total
Payment Estimator
Estimated Monthly Payment
$2,381
Principal & Interest only
Locations
Rapid Fired Pizza Franchising, — unit breakdown
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