GRIMALDI'S Franchise FDD, Costs & Fees (2025)

GRIMALDI'S serves coal-fired brick-oven pizzas, offering a traditional and flavorful dining experience with a focus on high-quality ingredients.

Grimaldi’s Pizzeria is a renowned New York-style pizza franchise, celebrated for its coal-fired brick oven pizzas. Established in 2003 beneath the Brooklyn Bridge in Brooklyn, New York, Grimaldi’s has expanded to over 40 locations across the United States. The company is currently headquartered in Scottsdale, Arizona.

In April 2019, Grimaldi’s launched its domestic franchise program, inviting qualified operators to join its growing network.

The franchise offers a menu featuring hand-crafted pizzas, calzones, salads, and house-made desserts, including its legendary cheesecakes. Each location features a coal-fired brick oven, delivering an authentic taste that sets Grimaldi’s apart.

Grimaldi’s differentiates itself through its commitment to tradition and quality. The brand uses a custom water system designed to replicate New York City water, essential for achieving its signature dough taste. The open kitchen concept allows guests to witness the pizza-making process, enhancing the overall dining experience.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Construction and Leasehold Improvements $630,000 - $850,000
Architectural and Engineering Fees $32,000 - $40,000
Equipment $210,000 - $240,000
Coal Brick Oven $65,000 - $130,000
Furniture and Fixtures $60,000 - $65,000
Interior Finishes and Equipment $85,000 - $105,000
Exterior Finishes and Equipment $40,000 - $65,000
Total Improvement Costs $1,122,000 - $1,495,000
Initial Franchise Fee $50,000
Professional Services $10,000 - $20,000
Rent (3 months) $46,500 - $67,500
Pre-opening Travel $24,500 - $31,500
Pre-opening Labor $45,000 - $55,000
Market Introduction (opening advertising) $13,000 - $18,000
Business Permits and Licenses $800 - $1,500
Opening Inventory $20,000 - $25,000
Stationery, Printing and Supplies $1,000 - $1,500
Insurance Pre-Payment $4,000 - $5,000
Miscellaneous and Other Pre-Payments $3,000 - $5,000
Additional Funds During the First Three Months of Operation $50,000 - $60,000
Total Other Costs $267,800 - $340,000
Total Estimated Initial Investment $1,389,800 - $1,835,000
Type of Expenditure Amount
Construction and Leasehold Improvements $630,000 - $850,000
Architectural and Engineering Fees $32,000 - $40,000
Equipment $210,000 - $240,000
Coal Brick Oven $65,000 - $130,000
Furniture and Fixtures $60,000 - $65,000
Interior Finishes and Equipment $85,000 - $105,000
Exterior Finishes and Equipment $40,000 - $65,000
Total Improvement Costs $1,122,000 - $1,495,000
Initial Franchise Fee $50,000
Professional Services $10,000 - $20,000
Rent (3 months) $46,500 - $67,500
Pre-opening Travel $24,500 - $31,500
Pre-opening Labor $45,000 - $55,000
Market Introduction (opening advertising) $13,000 - $18,000
Business Permits and Licenses $800 - $1,500
Opening Inventory $20,000 - $25,000
Stationery, Printing and Supplies $1,000 - $1,500
Insurance Pre-Payment $4,000 - $5,000
Miscellaneous and Other Pre-Payments $3,000 - $5,000
Additional Funds During the First Three Months of Operation $50,000 - $60,000
Total Other Costs $267,800 - $340,000
Total Estimated Initial Investment $1,389,800 - $1,835,000

Franchise Disclosure Document

Number of units

Training

Grimaldi’s offers a comprehensive training program to ensure its franchisees and their teams are well-prepared to operate their restaurants. The training provided by the Franchisor includes the following structured components:

  1. Initial Training Program: This mandatory training for the Operating Principal, General Manager, and other supervisory employees must be completed at least 60 days before opening. It spans up to six weeks, combining classroom and on-the-job training. Participants must also complete ServSafe and alcoholic beverage safety certifications beforehand. Those who pass are certified as Trainers.
  2. Train the Trainer Program: Franchisee’s certified Trainers are responsible for preparing the restaurant’s staff. A complete staff must be trained at least 10 days prior to opening. Certification is granted only after an adequate number of employees are trained and verified by the Franchisor.
  3. Opening Training: For the first or second restaurant, the Franchisor dispatches a representative for on-site support, including staff training and opening activities. This support extends up to 14 days and is provided without cost to the Franchisee.

Territory Protection

Grimaldi’s does not provide its franchisees with exclusive territorial rights under the standard Franchise Agreement. Each franchise is granted for a specific approved location, but the franchisor reserves the right to operate or license others to operate Grimaldi’s Restaurants in other locations, including non-traditional venues such as airports, casinos, and campuses.

Franchisees should also be aware that competition may come from other Grimaldi’s franchisees or company-owned locations in nearby areas.

Under the Development Agreement, franchisees may receive a form of limited exclusivity within a defined Development Territory, but this protection is conditional. The franchisor may revoke this exclusivity if the franchisee defaults on the agreement or fails to meet the development schedule.

Competitors

Below are some of

GRIMALDI'S

key competitors in the

Pizza

sector.

Franchise
Franchisees
Initial fee
Total investment
Revenue
Upgrade
Gross Profit
Upgrade
EBITDA
Upgrade

4

New
+
300%
300%

$50,000

$1,390,000

$1,835,000

n.a.

$2,780,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

Competitors

Tandoori Pizza

Tandoori Pizza is a fast-casual restaurant franchise offering Indian-inspired pizzas, appetizers, and specialty entrees, serving adventurous eaters and families, and known for tandoori-seasoned toppings, fusion flavors, and a unique culinary twist.

Franchisees

?

10
+
67%
67%
Investment

?

$374,000 - $659,000

Sarpino's Pizzeria

Sarpino's Pizzeria is a delivery-focused franchise offering gourmet pizzas, calzones, salads, and pastas, serving late-night and family audiences, and known for from-scratch dough, extended hours, and dependable doorstep convenience.

Franchisees

?

43
+
-4%
-4%
Investment

?

$396,000 - $582,000

Manhattan Pizza

Manhattan Pizza is a pizzeria franchise offering New York-style pies, slices, wings, and subs, serving neighborhoods and campus areas, and known for hand-tossed dough, generous portions, and fast, friendly service.

Franchisees

?

12
+
-14%
-14%
Investment

?

$401,000 - $758,000

Buck's Pizza

Buck's Pizza is a neighborhood pizza franchise offering hand-tossed pizzas, wings, subs, and salads, serving local families and game-day crowds, and known for friendly service, carryout and delivery convenience, and classic recipes.

Franchisees

?

9
+
-10%
-10%
Investment

?

$207,000 - $693,000

Big Mama's and Papa's Pizzeria

Big Mama's and Papa's Pizzeria is a pizza restaurant franchise offering giant specialty pies, slices, and Italian favorites, serving families and groups, and known for oversized pizzas, community presence, and casual dine-in and delivery.

Franchisees

?

10
+
-17%
-17%
Investment

?

$305,000 - $764,000

Patsy's Pizzeria

Patsy’s Pizzeria is an authentic Italian pizza franchise offering New York–style pizzas, Italian entrees, salads, and desserts, serving pizza lovers and families, and known for dough tradition, heritage recipes, and premium ingredients.

Franchisees

?

10
+
-29%
-29%
Investment

?

$399,000 - $766,000