Papa Ray's Pizza & Wings franchise
2026 filing · April 29, 2026Fewer locations
Papa Ray's Pizza & Wings at a glance
A pizza restaurant serving pizza, chicken wings, rib tips, calzone wraps and salads for dine-in, carry-out and delivery. At the end of 2025 there were 4 Papa Ray's Pizza & Wings locations in the US, all franchised.
The business
- Franchisor
- Rayyan Pizza Franchise LLC
- The company that sells the franchises
- Typical size
- 900–2,500 sq ft
What you pay
- Cost to open
- $214K–$464K
- Fee, build-out and opening working capital
- Franchise fee
- $30,000
- $15,000 for some existing Papa Ray's franchisees
- Royalty
- 5%
- 5% of weekly gross sales, plus 2% to the national marketing fund
- Brand fund
- 2%
- 2% of gross sales, paid weekly
- Renewal fee
- $2,500
- When the agreement ends and you sign again
- Agreement length
- 10 years
Where it is
- US locations, 2025
- 4
- Franchised and company-owned
- Franchised
- 4
- Company-owned
- 0
- Change in 3 years
- −2
- Franchised locations, 2023–2025
- States
- 2
- Most in Illinois and Indiana
From Rayyan Pizza Franchise LLC’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Papa Ray's Pizza & Wings among all franchises with the same figure.
| Figure | Papa Ray's Pizza & Wings | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $338,905 | Costs less than 52% of franchises |
| Franchise feePaid once, when you sign | $30,000 | Lower than 72% of franchises |
| RoyaltyShare of sales paid to the franchisor | 5% | Lower than 69% of brands with a set rate |
| US locationsFranchised and company-owned | 4 | Fewer than 74% of franchises |
How much a Papa Ray's Pizza & Wings franchise costs
Opening one Papa Ray's Pizza & Wings costs an estimated $213,730 to $464,080. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are equipment/signage/furniture/fixtures ($57,500 to $143,750) and additional funds (1st 3 months) ($40,000 to $80,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $30,000 | ||
| Travel and Living Costs while Training | $2,000 | $10,000 | |
| Lease Security Deposit and Rent (1st 3 months) | $4,000 | $16,000 | |
| Leasehold Improvements | $30,000 | $60,000 | |
| Equipment/Signage/Furniture/Fixtures | $57,500 | $143,750 | |
| POS Computer Systems | $12,330 | $25,330 | |
| Initial Inventory and Supplies | $10,000 | $19,000 | |
| Utility Deposits | $2,000 | $4,000 | |
| Insurance | $900 | $16,000 | |
| Miscellaneous Pre – Opening Expenses | $10,000 | $30,000 | |
| Grand Opening Advertising | $15,000 | $30,000 | |
| Additional Funds (1st 3 months) | $40,000 | $80,000 | |
| Total | $213,730 | $464,080 | |
Source: Rayyan Pizza Franchise LLC, 2026 filing, page 16
Papa Ray's Pizza & Wings franchise fee
The franchise fee is $30,000, $15,000 for some existing Papa Ray's franchisees. You pay it when you sign the franchise agreement.
Source: Rayyan Pizza Franchise LLC, 2026 filing, page 12
Royalty and ongoing fees
| Royalty | 5% of weekly gross sales, plus 2% to the national marketing fund. |
|---|---|
| Brand or marketing fund | 2% of gross sales, paid weekly. |
| Renewal Fee | $2,500 |
| Additional Training Fee | $200 per day; subject to increase. |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Rayyan Pizza Franchise LLC, 2026 filing, page 13
Other fees as filed, from pages 13–14. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures Papa Ray's Pizza & Wings 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: Rayyan Pizza Franchise LLC, 2026 filing, page 37
- Estimate Estimated yearly sales per location
- $490K–$860K
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
SBA loans to Papa Ray's Pizza & Wings franchisees
Lenders approved one SBA 7(a) loan for a Papa Ray's Pizza & Wings franchisee in 2023, for $125K. It hasn’t been paid off or charged off yet.
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
Growth and closures
Share of franchised locations, 2025 / 2023–2025. Typical means the median: half of brands are above it, half below.
| Measure | Papa Ray's Pizza & Wings | Typical pizza brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | 0% / −33% | 0% / −3% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 0% / 33% | 2.8% / 9.1% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0% / 0% | 0% / 0% | 0% / 0% |
Typical pizza brand is the median of the 49 brands in pizza franchises with three years of counts.
How Papa Ray's Pizza & Wings compares
Of the 122 pizza franchises on this site, Papa Ray's Pizza & Wings is the 28th cheapest to open and the 98th largest by number of locations.
| Figure | Papa Ray's Pizza & Wings | Typical pizza brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $214K | $349K | $222K |
| Cost to open, high end | $464K | $787K | $477K |
| Franchise fee | $30K | $30K | $40K |
| Royalty | 5% | 5% | 6% |
| Brand fund | 2% | 1.9% | 2% |
| US locations | 4 | 26 | 21 |
| 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 | Opened | Closed |
|---|---|---|---|---|
| 2023 | 6 (0) | 1 | 0 | 0 |
| 2024 | 4 (−2) | 1 | 0 | −2 |
| 2025 | 4 (0) | 0 | 0 | 0 |
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 and franchise failure rates.
Source: Rayyan Pizza Franchise LLC, 2026 filing, page 37
Where Papa Ray's Pizza & Wings locations are
At the end of 2025, Papa Ray's Pizza & Wings had franchised locations in 2 states. The most are in Illinois and Indiana.
- Illinois3
- Indiana1
Source: Rayyan Pizza Franchise LLC, 2026 filing, page 38
Who owns Papa Ray's Pizza & Wings?
Papa Ray's Pizza & Wings franchises are sold by Rayyan Pizza Franchise LLC.
From Rayyan Pizza Franchise LLC’s 2026 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Rayyan Pizza Franchise LLC, 2026 filing, litigation on page 11, bankruptcy on page 11
Papa Ray's Pizza & Wings filings
The figures on this page come from Rayyan Pizza Franchise LLC’s 2026 filing, issued April 29, 2026, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2026 filing | April 29, 2026 | NASAA depository | Costs, fees and locations, 2023–2025 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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