How much does a Happy's Pizza franchise cost?
Opening a Happy's Pizza franchise takes a total initial investment of $263,700 to $619,250, according to the brand's 2025 Franchise Disclosure Document. The FDD's Item 19 reports median gross sales of $1,069,119 across 50 outlets.
Happy’s Pizza franchises Standard Restaurant and Express Restaurant units. Category: Food & Beverage.
Item 7
What it costs to open a Happy's Pizza franchise
The franchisor's own estimated initial investment, as disclosed in its 2025 FDD. The total is $263,700 to $619,250. Each line below carries the FDD page it was read from.
Where the money goes
The largest costs are Equipment, Furniture and Fixtures ($75,000 to $250,000), Leasehold Improvements ($93,750 to $160,000), and Rent ($8,000 to $43,750). Together they make up about 73% of the high-end estimate.
The initial franchise fee is $25,000, about 9.5% of the low-end total.
Our arithmetic from the Item 7 table below.
| Expenditure | Low | High | Source |
|---|---|---|---|
| Franchise Fee2025 FDD, Item 7, p. 19 | $25,000 | $25,000 | 2025 FDD, Item 7, p. 19 |
| Rent2025 FDD, Item 7, p. 19 | $8,000 | $43,750 | 2025 FDD, Item 7, p. 19 |
| Security Deposits2025 FDD, Item 7, p. 19 | $3,200 | $17,500 | 2025 FDD, Item 7, p. 19 |
| Leasehold Improvements2025 FDD, Item 7, p. 19 | $93,750 | $160,000 | 2025 FDD, Item 7, p. 19 |
| Equipment, Furniture and Fixtures2025 FDD, Item 7, p. 19 | $75,000 | $250,000 | 2025 FDD, Item 7, p. 19 |
| Insurance2025 FDD, Item 7, p. 19 | $2,500 | $10,000 | 2025 FDD, Item 7, p. 19 |
| Permits and Licenses2025 FDD, Item 7, p. 19 | $250 | $3,000 | 2025 FDD, Item 7, p. 19 |
| Initial Inventory2025 FDD, Item 7, p. 19 | $15,000 | $15,000 | 2025 FDD, Item 7, p. 19 |
| Signage2025 FDD, Item 7, p. 19 | $10,000 | $20,000 | 2025 FDD, Item 7, p. 19 |
| Grand Opening Advertising2025 FDD, Item 7, p. 19 | $15,000 | $15,000 | 2025 FDD, Item 7, p. 19 |
| Architecture & MEP Drawings2025 FDD, Item 7, p. 19 | $2,500 | $10,000 | 2025 FDD, Item 7, p. 19 |
| Travel Expenses for Training2025 FDD, Item 7, p. 20 | $2,500 | $10,000 | 2025 FDD, Item 7, p. 20 |
| Professional Fees2025 FDD, Item 7, p. 20 | $1,000 | $5,000 | 2025 FDD, Item 7, p. 20 |
| Opening Assistance2025 FDD, Item 7, p. 20 | $0 | $10,000 | 2025 FDD, Item 7, p. 20 |
| Additional Funds (3 months)2025 FDD, Item 7, p. 20 | $10,000 | $25,000 | 2025 FDD, Item 7, p. 20 |
| Total estimated initial investment2025 FDD, Item 7, p. 19-20 | $263,700 | $619,250 | 2025 FDD, Item 7, p. 19-20 |
Source Happy's Pizza, 2025 FDD, Item 7, p. 19-20, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-21. Read from a scanned copy of this FDD; figures and page citations were transcribed from the page images.
Item 19
What Happy's Pizza franchisees actually report earning
Median Gross Sales
$1,069,119
Happy's Pizza's 2025 FDD, Item 19, for the calendar year 2024. Basis: 50 franchised outlets open and operating at the end of 2024 and open for the entire twelve-month period ending December 31, 2024.
Sample size: 50 outlets. The FDD also reports average gross sales of $1,068,578. We lead with the median because an average is pulled upward by the strongest outlets; the median is the middle outlet.
What the franchisor excluded from this figure
- The table excludes the 4 franchised outlets that were not open for the full calendar year.
- The data does not include the results of, and does not apply to, “Happy’s Express” units.
This is a disclosure of what some existing outlets reported, not a projection of what a new Happy's Pizza outlet would earn. Your results will differ.
Source Happy's Pizza, 2025 FDD, Item 19, p. 57-58, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-21. Read from a scanned copy of this FDD; figures and page citations were transcribed from the page images.
Item 20
How many Happy's Pizza outlets there are, and how many closed
Happy's Pizza ended 2024 with 54 franchised outlets and no company-owned outlets. In that year 3 franchised outlets opened and 6 left the system.
Three years at a glance
From 2022 through 2024, Happy's Pizza opened 7 franchised outlets and 14 outlets left the system. That is a net loss of 7, from 61 to 54 franchised outlets. Of the outlets that left, 3 were terminated and 11 closed for other reasons.
On average, about 8.0% of franchised outlets left the system each year, roughly 1 in 12.
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 | 57 | 3 | 3 | 0 | 0 | 3 | 54 | 2025 FDD, Item 20, p. 60 |
| 2023 | 56 | 2 | 0 | 0 | 0 | 1 | 57 | 2025 FDD, Item 20, p. 60 |
| 2022 | 61 | 2 | 0 | 0 | 0 | 7 | 56 | 2025 FDD, Item 20, p. 60 |
Source Happy's Pizza, 2025 FDD, Item 20, p. 60-61, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-21. Read from a scanned copy of this FDD; figures and page citations were transcribed from the page images.
Compare
How Happy's 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 Happy's Pizza's estimated range is $441,475. It costs less to open than 66% of Food & Beverage franchises here.
- Outlets leaving each year. 8.0% for Happy's Pizza. That is higher than 65% of the 165 Food & Beverage franchises with at least 10 outlets.
- Three-year growth. Happy's Pizza's franchised system shrank 11%. The typical Food & Beverage franchise here grew 5.0%.
- Earnings disclosure. 152 of the 256 Food & Beverage franchises here publish earnings figures in Item 19. Happy's Pizza is 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 Happy's 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 Happy's Pizza's updated numbers when the next document is published, plus the brand-comparison worksheet.
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