Toppers Pizza franchise
2026 filing · April 13, 2026Shares sales figures
Toppers Pizza at a glance
A pizza delivery and carryout restaurant known for specialty pizzas and Topperstix. At the end of its 2025 fiscal year there were 68 Toppers Pizza locations in the US, 54 franchised and 14 company-owned.
The business
- Franchisor
- Toppers Pizza LLC
- The company that sells the franchises
- Current franchisor selling since
- 2000
- 26 years of selling franchises
- Franchisor based in
- Whitewater, Wisconsin
What you pay
- Cost to open
- $421K–$733K
- Fee, build-out and opening working capital
- Franchise fee
- $30,000
- Paid once, when you sign
- Royalty
- 5.5%
- 5.5% of gross sales, paid weekly
- Brand fund
- 3%
- 3% of gross sales
- Agreement length
- 10 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- Some financing offered
Where it is
- US locations, 2025
- 68
- Franchised and company-owned
- Franchised
- 54
- Company-owned
- 14
- States
- 11
- Most in Wisconsin, Minnesota and Kansas
From Toppers Pizza LLC’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Toppers Pizza among all franchises with the same figure.
| Figure | Toppers Pizza | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $576,692 | Costs more than 69% of franchises |
| Franchise feePaid once, when you sign | $30,000 | Lower than 72% of franchises |
| RoyaltyShare of sales paid to the franchisor | 5.5% | Lower than 66% of brands with a set rate |
| US locationsFranchised and company-owned | 68 | More than 70% of franchises |
| Sales per locationYearly, as the brand reports it | $958,503 | Higher than 60% of brands that share sales figures |
| Sales against cost to openYearly sales over the cost midpoint | 1.7× | Higher than 53% of brands that share sales figures |
How much a Toppers Pizza franchise costs
Opening one Toppers Pizza costs an estimated $420,700 to $732,684. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are construction & leasehold improvements ($177,100 to $339,184) and equipment & smallwares ($125,000 to $155,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $30,000 | ||
| Travel & Living Expenses for Your Initial Training | $3,000 | $17,000 | |
| Travel & Living Expenses for Our Training Team | $1,000 | $15,000 | |
| Equipment & Smallwares | $125,000 | $155,000 | |
| Construction & Leasehold Improvements | $177,100 | $339,184 | |
| Indoor & Outdoor Signage | $7,500 | $11,000 | |
| Pre-opening Salaries & Payroll | $4,500 | $11,000 | |
| Pre-opening Rent | $0 | $12,000 | |
| Utility & Insurance Deposits | $2,000 | $6,000 | |
| Initial Marketing Program | $4,000 | $13,000 | |
| Opening Inventory | $6,000 | $11,000 | |
| Architectural Fees | $13,000 | $20,000 | |
| Permits and Professional Fees | $2,100 | $4,500 | |
| POS System Hardware | $16,000 | $18,000 | |
| POS System Software Licenses | $2,500 | ||
| POS System Installation | $2,000 | $5,000 | |
| Project Management | $0 | $7,500 | |
| Opening Extension Fee | $0 | $5,000 | |
| Additional Funds (3 months) | $25,000 | $50,000 | |
| Total | $420,700 | $732,684 | |
Source: Toppers Pizza LLC, 2026 filing, page 23
Toppers Pizza franchise fee
The franchise fee is $30,000. You pay it when you sign the franchise agreement.
Source: Toppers Pizza LLC, 2026 filing, page 13
Royalty and ongoing fees
| Royalty | 5.5% of gross sales, paid weekly. |
|---|---|
| Brand or marketing fund | 3% of gross sales. |
| Technology Fee | 2% of your Online Gross Sales |
| Additional Initial Training | $300 to $500 per day for each trainee, plus travel and living expenses |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Toppers Pizza LLC, 2026 filing, pages 15 and 16
Other fees as filed, from pages 16–19. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Toppers Pizza publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
- Average sales
- $958,503
- Median sales
- $868,788
Yearly figures for fiscal 2025, covering franchised restaurants open the full fiscal year (49 locations). The average is about 1.7 times the midpoint of the cost to open.
Sales are what a location takes in before rent, payroll, royalties and other costs, not what its owner keeps.
Source: Toppers Pizza LLC, 2026 filing, pages 58–59
SBA loans to Toppers Pizza franchisees
Lenders approved 80 SBA-backed loans for Toppers Pizza franchisees from 2001 to 2025, $33.2M in all: 79 7(a) loans and 1 504 loan. All 66 that have ended were paid in full; none was charged off. The other 14 haven’t ended 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
How Toppers Pizza compares
Of the 122 pizza franchises on this site, Toppers Pizza is the 76th cheapest to open and the 31st largest by number of locations.
| Figure | Toppers Pizza | Typical pizza brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $421K | $349K | $222K |
| Cost to open, high end | $733K | $787K | $477K |
| Franchise fee | $30K | $30K | $40K |
| Royalty | 5.5% | 5% | 6% |
| Brand fund | 3% | 1.9% | 2% |
| Sales per location | $959K | $1.02M | $794K |
| US locations | 68 | 26 | 21 |
| Change in franchised locations, 0 yrs | +17.4% | 0% | – |
| Shares earnings figures | Yes | 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 | 44 (−3) | 26 |
| 2022 | 46 (+2) | 27 |
| 2023 | 44 (−2) | 27 |
| 2024 | 55 (+11) | 16 |
| 2025 | 54 (−1) | 14 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating. The outlet years below are the franchisor's fiscal years, which end in late December.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: pizza franchise costs and franchise failure rates.
Over 5 years, from the start of 2021 to the end of 2025, franchised locations went from 47 to 54 (+7, +15%). The earlier years come from the brand's 2024 filing.
Source: Toppers Pizza LLC, 2026 filing, page 61
2021–2022: Toppers Pizza LLC, 2024 filing, page 66
Where Toppers Pizza locations are
At the end of 2025, Toppers Pizza had locations in 11 states. The most are in Wisconsin, Minnesota and Kansas.
- Wisconsin40
- Minnesota12
- Kansas3
- Nebraska3
- North Carolina3
- Indiana2
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| Wisconsin | 29 | 11 | 40 |
| Minnesota | 12 | 0 | 12 |
| Kansas | 3 | 0 | 3 |
| Nebraska | 3 | 0 | 3 |
| North Carolina | 3 | 0 | 3 |
| Indiana | 0 | 2 | 2 |
| Michigan | 1 | 0 | 1 |
| Ohio | 0 | 1 | 1 |
| South Carolina | 1 | 0 | 1 |
| South Dakota | 1 | 0 | 1 |
All 11 states
| Texas | 1 |
|---|
Source: Toppers Pizza LLC, 2026 filing, page 62
Who owns Toppers Pizza?
Toppers Pizza franchises are sold by Toppers Pizza LLC. It is a subsidiary of Toppers Pizza Holdings LLC.
From Toppers Pizza LLC’s 2026 filing, page 9.
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: Toppers Pizza LLC, 2026 filing, litigation on page 13, bankruptcy on page 13
Toppers Pizza filings
A franchisor files a new disclosure each year it sells franchises. The figures on this page come from Toppers Pizza LLC’s 2026 filing, issued April 13, 2026; the earlier ones below are on record with the Minnesota Department of Commerce and fill in older location counts.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2026 filing | April 13, 2026 | Minnesota | Costs, fees and locations, 2023–2025 |
| 2024 filing | – | Minnesota | Locations, 2021–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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