Noble Roman's Pizza franchise
2024 filing · June 14, 2024
Noble Roman's Pizza at a glance
A pizza counter added to convenience stores, hospitals, universities and other places with existing customer traffic. At the end of 2023 there were 2,872 Noble Roman's Pizza locations in the US, 2,871 franchised and 1 company-owned.
The business
- Franchisor
- Noble Roman's, Inc
- The company that sells the franchises
What you pay
- Cost to open
- $32K–$228K
- Non-traditional location
- Franchise fee
- $8K–$10K
- $7,500, or $10,000 in a hospital.
- Royalty
- 7%
- The greater of 7% of gross sales or $175 a week; 9% in hospitals
Where it is
- US locations, 2023
- 2,872
- Franchised and company-owned
- Franchised
- 2,871
- Company-owned
- 1
From Noble Roman's, Inc’s 2024 filing; revenue and net income from its audited financial statements, page 80; SBA status from the SBA Franchise Directory, October 28, 2026.
Franchisor revenue is the company that sells the franchises (royalties, fees and anything else it earns), not what a location makes.
Where it ranks
Noble Roman's Pizza among all franchises with the same figure.
| Figure | Noble Roman's Pizza | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $129,900 | Costs less than 81% of franchises |
| Franchise feePaid once, when you sign | $7,500 | Lower than 97% of franchises |
| RoyaltyShare of sales paid to the franchisor | 7% | Higher than 70% of brands with a set rate |
| US locationsFranchised and company-owned | 2,872 | More than 99% of franchises |
How much a Noble Roman's Pizza franchise costs
Opening non-traditional location costs an estimated $32,100 to $227,700. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the franchises under $50K.
Source: Noble Roman's, Inc, 2024 filing, page 12
Noble Roman's Pizza franchise fee
The franchise fee is $7,500 to $10,000, $7,500, or $10,000 in a hospital.. You pay it when you sign the franchise agreement.
Source: Noble Roman's, Inc, 2024 filing, page 10
Royalty and ongoing fees
| Royalty | The greater of 7% of gross sales or $175 a week; 9% in hospitals. |
|---|
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Noble Roman's, Inc, 2024 filing, page 10
Sales and earnings
No figures Noble Roman's Pizza does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Noble Roman's, Inc, 2024 filing, page 23
- Estimate Estimated yearly sales per location
- $290K–$510K
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
SBA loans to Noble Roman's Pizza franchisees
Lenders approved 27 SBA-backed loans for Noble Roman's Pizza franchisees from 1998 to 2013, $8.81M in all: 26 7(a) loans and 1 504 loan. All 27 have ended: 6 were paid in full and 21 were charged off (77.8%).
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
How Noble Roman's Pizza compares
Of the 122 pizza franchises on this site, Noble Roman's Pizza is the 4th cheapest to open and the 5th largest by number of locations.
| Figure | Noble Roman's Pizza | Typical pizza brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $32K | $349K | $222K |
| Cost to open, high end | $228K | $787K | $477K |
| Franchise fee | $8K | $30K | $40K |
| Royalty | 7% | 5% | 6% |
| US locations | 2,872 | 26 | 21 |
| Change in franchised locations, 0 yrs | +2.6% | 0% | – |
| Shares earnings figures | No | 63 of 122 | 2,147 of 3,352 |
Typical is the median across the 122 brands in pizza franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned |
|---|---|---|
| 2021 | 2,802 (+5) | 1 |
| 2022 | 2,819 (+17) | 1 |
| 2023 | 2,871 (+52) | 1 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: pizza franchise costs, gas station franchises and franchise failure rates.
Source: Noble Roman's, Inc, 2024 filing, page 23
Who owns Noble Roman's Pizza?
Noble Roman's Pizza franchises are sold by Noble Roman's, Inc. Its filing names no parent company.
From Noble Roman's, Inc’s 2024 filing, page 6.
Noble Roman's Pizza filings
The figures on this page come from Noble Roman's, Inc’s 2024 filing, issued June 14, 2024, on record with the Minnesota Department of Commerce.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | June 14, 2024 | Minnesota | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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