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General

Industry

Food and Beverage

Category

Pizza

Works with Franchise Brokers

No

Year of Founding

2013

Fees

Marketing Fee

1%

Royalty Fee

5%

Franchise Fee

$40,000-$40,000

Investment Range

$348K-$778K

Location units

Total U.S. Locations

3

U.S. Franchised Units

N/A

U.S. Corporate Units

N/A

Headquarters (City)

Miami

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2014

Issuance of FDD Data

05/18/2016

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$348K-$778K

Franchise Fee

$40,000-$40,000

What to know about Spris Pizza franchise?

Spris Pizza is a popular pizza chain with locations all across the United States. They are well-known for their thin crust pizzas, which are made with fresh ingredients and a variety of toppings. They also offer a wide range of other menu items, including pasta, sandwiches, and salads. The staff at Spris Pizza is friendly and dedicated to providing the best pizza quality and service to all customers at every location site. Spris Pizza provides their franchisees with a comprehensive training program that covers all aspects of running a successful pizza business. This includes marketing and advertising strategies, customer service training, financial management, and operations. The company also provides ongoing support to help franchisees keep their businesses running smoothly.

Spris Pizza is based in Miami, FL. Scroll down to learn more!

How much does a Spris Pizza franchise cost?

Are you wondering how much is a Spris Pizza franchise? Before starting a Spris Pizza franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Spris Pizza franchise is $348,200 and can go all the way up to $778,400. Keep in mind, you should also allocate additional funds to live off of while the Spris Pizza business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Spris Pizza franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Spris Pizza business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Spris Pizza franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Industry Report Request

Download our guide to compare Spris Pizza. Hotels to the Pizza, Outdoor Food and Beverage industry.

Additional Details

How much does a Spris Pizza franchise owner make?

Spris Pizza franchise earnings and revenue can vary significantly from one franchisee to another.
The Spris Pizza franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Spris Pizza unfortunately does not disclose financials on how much Spris Pizza franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Spris Pizza does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Spris Pizza franchisees. Do note that Spris Pizza is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Spris Pizza franchisees to understand how much money they are making from their Spris Pizza business.

You should also speak to former Spris Pizza franchisees to understand why they left the system. Did they sell their Spris Pizza at a profit? Were they forced to close their Spris Pizza franchise down because it kept losing money?

What is the Spris Pizza franchise fee?

Owning a Spris Pizza franchise requires 5% royalty fee and 1% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Spris Pizza Franchise Disclosure Document

Keep in mind, there is also an initial Spris Pizza franchise fee of $40,000 that is included in the initial investment amount of $348,200 to $778,400. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Spris Pizza franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Spris Pizza franchise fee of $40,000.

Visit the Spris Pizza metrics tab to explore the financials for this business, royalty and marketing fees compare to other Food and Beverage franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Spris Pizza founded?

Spris Pizza started offering franchises in 2014. Spris Pizza was founded 9 years ago in 2013.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Spris Pizza locations are in the U.S.?

As of 2016, there were locations across the U.S. There are also corporate locations. Most Food and Beverage franchises like Spris Pizza have more franchised locations than corporate locations.

How many Spris Pizza franchises opened over the past few years?

Over the prior 3 years we have data for, Spris Pizza has opened 0 outlets throughout the U.S. Visit the Spris Pizza metrics tab to explore how the openings compare to other Food and Beverage franchises.

How many Spris Pizza franchises closed over the past few years?

Over the prior 3 years we have data for, Spris Pizza has closed 0 outlets throughout the U.S

Visit the Spris Pizza metrics tab to explore how the openings compare to other Food and Beverage franchises.

Is Spris Pizza growing? Are they opening more locations than they are closing?

The net unit growth rate for Spris Pizza over the past 3 years is 0%. Over the last year we have data for, Spris Pizza had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Spris Pizza growth rate compares to 2,000+ other franchises and Industry franchises like Spris Pizza. More info in the Spris Pizza metrics tab.

Is Spris Pizza franchise eligible for an SBA Loan?

Spris Pizza is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Spris Pizza franchise was assigned the SBA Franchise ID of S5602 on 06/17/2020. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Spris Pizza that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Spris Pizza a franchise in the United States?

According to the SBA, Spris Pizza meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Spris Pizza provides you with an FDD if you are in discussion to buy a Spris Pizza.

What is the Spris Pizza Franchise for Sale Rate?

The Spris Pizza systemwide health and franchisee satisfaction can be measured by the Spris Pizzafranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Spris Pizza franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, Spris Pizza had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Spris Pizza franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Spris Pizza. More info in the Spris Pizza metrics tab.

What is the Spris Pizza Franchise Failure Rate?

Spris Pizza franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Spris Pizza failure rate over the past 3 years is 0%. Over the last year we have data for, Spris Pizza had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Spris Pizza franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Spris Pizza. More info in the Spris Pizza metrics tab.

How can I find out more details on Spris Pizza franchise?

Visit the Spris Pizza metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Spris Pizza

$563,300

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Spris Pizza

5%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Spris Pizza

$40,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Food and Beverage

Category

Pizza

Works with Franchise Brokers

No

Year of Founding

2013

Fees

Marketing Fee

1%

Royalty Fee

5%

Franchise Fee

$40,000-$40,000

Investment Range

$348K-$778K

Location units

Total U.S. Locations

3

U.S. Franchised Units

N/A

U.S. Corporate Units

N/A

Headquarters (City)

Miami

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2014

Issuance of FDD Data

05/18/2016

Detailed Franchise metrics for Spris Pizza

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Spris Pizza below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Spris Pizza

0%

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Spris Pizza

NA

0%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Spris Pizza

NA

0%

Industry median

All franchises median

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Business details

Website

https://www.sprispizza.com/

Business email

**********@******.com

Mailing address

1000 NW 54 th Street

State headquarters

Florida

Contact Name

Spris Pizza

Phone

+1 (000) 0********00

City

Miami

Zip code

33127
Name Email State City Zip Code

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