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How Much Does a Papa Ray’s Pizza & Wings Franchise Cost?

2026 Franchise Disclosure Document (FDD) Data

A Papa Ray’s Pizza & Wings franchise costs between $213,730 and $459,080 in total initial investment, according to the 2026 Franchise Disclosure Document. The initial franchise fee is $30,000.

$213,730

Minimum Investment

$459,080

Maximum Investment

$30,000

Franchise Fee

Papa Ray’s Pizza & Wings Franchise Fee

Initial Franchise Fee $30,000

Fee Range $15,000 – $30,000

Item 7 Fee Estimate $30,000

Papa Ray’s Pizza & Wings Total Investment Breakdown

Here is the itemized breakdown of costs to open a Papa Ray’s Pizza & Wings franchise, as reported in the 2026 FDD Item 7 (Estimated Initial Investment).

Minimum Investment

Maximum Investment

Franchise Fee $30,000

Initial Franchise Fee 2 lump sum payments · ½ when you sign the franchise agreement; and ½ when we approve your location $30,000

Real Estate $36,000 – $80,000

Leasehold Improvements As agreed $30,000 – $60,000

Lease Security Deposit and Rent (1 st 3 months) As arranged · As arranged $4,000 – $16,000

Utility Deposits As arranged $2,000 – $4,000

Equipment & Assets $79,830 – $188,080

Equipment/ Signage/ Furniture/Fixtures As agreed $57,500 – $143,750

POS Computer Systems As agreed $12,330 – $25,330

Initial Inventory and Supplies As agreed $10,000 – $19,000

Training $2,000 – $10,000

Travel and Living Costs while Training As arranged · As agreed $2,000 – $10,000

Working Capital & Reserves $40,000 – $80,000

Additional Funds (1 st 3 months) $40,000 – $80,000

Other Costs $25,900 – $71,000

Miscellaneous Pre - Opening Expenses $10,000 – $30,000

Grand Opening Advertising During the 90 days after opening $15,000 – $30,000

Insurance As arranged $900 – $16,000

Total Estimated Investment $213,730 – $459,080

How Does Papa Ray’s Pizza & Wings Compare to Other Food & Beverage Franchises?

Papa Ray’s Pizza & Wings's minimum investment of $213,730 is below the Food & Beverage industry median. The median minimum investment for Food & Beverage franchises is $316,000.

$213,730

Papa Ray’s Pizza & Wings Min

$316,000

Food & Beverage Median Min

$459,080

Papa Ray’s Pizza & Wings Max

$696,000

Food & Beverage Median Max

Investment Analysis

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Frequently Asked Questions

How much does it cost to open a Papa Ray’s Pizza & Wings?

The total startup cost for a Papa Ray’s Pizza & Wings franchise ranges from $213,730 to $459,080, according to the 2026 Franchise Disclosure Document (FDD) Item 7. The largest cost category is Equipment & Assets at $79,830 to $188,080.

How much is the Papa Ray’s Pizza & Wings franchise fee?

The Papa Ray’s Pizza & Wings franchise fee is $30,000, with a range of $15,000 to $30,000 depending on the agreement, as disclosed in the 2026 FDD. This is a one-time upfront fee paid to the franchisor and is separate from the total initial investment.

Is Papa Ray’s Pizza & Wings a good investment?

Papa Ray’s Pizza & Wings requires a total franchise investment of $213,730 to $459,080 and scores Legal Risk: 100/100, Training: 100/100 in our FDD analysis. See our full Papa Ray’s Pizza & Wings franchise review for a detailed assessment of risks, territory, and support.

How much does a Papa Ray’s Pizza & Wings franchise owner make?

Papa Ray’s Pizza & Wings's 2026 FDD does not include Item 19 financial performance data, so franchise owner earnings figures are not publicly available from this source.