How much does a Hangar 54 Pizza franchise cost?
Opening a Hangar 54 Pizza franchise takes a total initial investment of $9,000 to $643,500, according to the brand's 2025 Franchise Disclosure Document. That FDD makes no Item 19 financial performance representation, so it discloses no earnings figures at all.
Hangar 54 Pizza franchises restaurants for business-within-a-business locations. Category: Food & Beverage.
Item 7
What it costs to open a Hangar 54 Pizza franchise
The franchisor's own estimated initial investment, as disclosed in its 2025 FDD. The total is $9,000 to $643,500. Each line below carries the FDD page it was read from.
Where the money goes
The largest costs are Construction, Remodeling, and Site Improvements ($0 to $350,000), Furniture, Fixtures, Equipment, Décor, and Signage ($1,500 to $200,000), and Additional Funds – 3 Months ($3,000 to $30,000). Together they make up about 90% of the high-end estimate.
Our arithmetic from the Item 7 table below.
| Expenditure | Low | High | Source |
|---|---|---|---|
| Architectural and Engineering Fees2025 FDD, Item 7, p. 12 | $0 | $8,500 | 2025 FDD, Item 7, p. 12 |
| Construction, Remodeling, and Site Improvements2025 FDD, Item 7, p. 12 | $0 | $350,000 | 2025 FDD, Item 7, p. 12 |
| Furniture, Fixtures, Equipment, Décor, and Signage2025 FDD, Item 7, p. 12 | $1,500 | $200,000 | 2025 FDD, Item 7, p. 12 |
| Training Expenses: Wages and Benefit Costs2025 FDD, Item 7, p. 12 | $1,500 | $10,000 | 2025 FDD, Item 7, p. 12 |
| Grand Opening Advertising2025 FDD, Item 7, p. 12 | $0 | $5,000 | 2025 FDD, Item 7, p. 12 |
| Professional Fees2025 FDD, Item 7, p. 12 | $0 | $5,000 | 2025 FDD, Item 7, p. 12 |
| Insurance (for One Year)2025 FDD, Item 7, p. 12 | $0 | $13,000 | 2025 FDD, Item 7, p. 12 |
| Security Deposits, Utility Deposits, Business Licenses, and Other Prepaid Expenses2025 FDD, Item 7, p. 12 | $0 | $4,000 | 2025 FDD, Item 7, p. 12 |
| Opening Inventory2025 FDD, Item 7, p. 12 | $3,000 | $15,000 | 2025 FDD, Item 7, p. 12 |
| Project Financing Costs2025 FDD, Item 7, p. 12 | $0 | $3,000 | 2025 FDD, Item 7, p. 12 |
| Additional Funds – 3 Months2025 FDD, Item 7, p. 12 | $3,000 | $30,000 | 2025 FDD, Item 7, p. 12 |
| Total estimated initial investment2025 FDD, Item 7, p. 12 | $9,000 | $643,500 | 2025 FDD, Item 7, p. 12 |
Source Hangar 54 Pizza, 2025 FDD, Item 7, p. 12, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-15.
Item 19
What Hangar 54 Pizza franchisees actually report earning
This brand's FDD publishes no Item 19.
We do not make any representations about a franchisee’s future financial performance or the past financial performance of company-owned or franchised outlets. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet.
Source Hangar 54 Pizza, 2025 FDD, Item 19, p. 39, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-15.
Item 20
How many Hangar 54 Pizza outlets there are, and how many closed
Hangar 54 Pizza ended 2024 with 162 franchised outlets and 8 company-owned outlets. In that year 42 franchised outlets opened and 7 left the system.
Three years at a glance
From 2022 through 2024, Hangar 54 Pizza opened 138 franchised outlets and 21 outlets left the system. That is a net gain of 117, from 45 to 162 franchised outlets. Of the outlets that left, 1 was bought back by the franchisor and 20 closed for other reasons.
On average, about 7.6% of franchised outlets left the system each year, roughly 1 in 13.
Our arithmetic from the FDD's Item 20 table below. "Left the system" counts every outlet the franchisor reports as terminated, not renewed, bought back, or closed for other reasons.
| Year | Start | Opened | Terminated | Non-renewed | Reacquired | Ceased, other | End | Source |
|---|---|---|---|---|---|---|---|---|
| 2024 | 127 | 42 | 0 | 0 | 1 | 6 | 162 | 2025 FDD, Item 20, p. 43 |
| 2023 | 103 | 33 | 0 | 0 | 0 | 9 | 127 | 2025 FDD, Item 20, p. 43 |
| 2022 | 45 | 63 | 0 | 0 | 0 | 5 | 103 | 2025 FDD, Item 20, p. 43 |
Source Hangar 54 Pizza, 2025 FDD, Item 20, p. 42, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-15.
Compare
How Hangar 54 Pizza compares with other Food & Beverage franchises
Measured against the 256 Food & Beverage franchises on this site, using each brand's own FDD.
- Cost to open. The middle of Hangar 54 Pizza's estimated range is $326,250. It costs less to open than 84% of Food & Beverage franchises here.
- Outlets leaving each year. 7.6% for Hangar 54 Pizza. That is higher than 62% of the 165 Food & Beverage franchises with at least 10 outlets.
- Three-year growth. Hangar 54 Pizza's franchised system grew 260%. The typical Food & Beverage franchise here grew 4.4%.
- Earnings disclosure. 152 of the 256 Food & Beverage franchises here publish earnings figures in Item 19. Hangar 54 Pizza is not one of them.
Our arithmetic from each brand's Item 7 and Item 20. Growth and departure comparisons leave out brands with fewer than 10 outlets, where one opening or closure distorts the figures. See every Food & Beverage franchise side by side.
Alert me when Hangar 54 Pizza files a new FDD
Franchisors reissue their FDD at least once a year, and the Item 7 and Item 19 figures move. Leave an email and we will send you Hangar 54 Pizza's updated numbers when the next document is published, plus the brand-comparison worksheet.
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