Patsy's Italian Restaurant Franchise FDD, Costs & Fees (2026)

Patsy's Italian Restaurant is an Italian dining franchise offering traditional pasta, seafood, meat dishes and classic Italian specialties, serving families and Italian cuisine enthusiasts, and known for its New York heritage and traditional recipes.

KEY FRANCHISE STATS

Franchisees

n.a.

Franchise fee

$100,000

Investment

$2,854,000 - $4,179,000

Revenue (AUV)

n.a.

Patsy's Italian Restaurant is a full-service restaurant specializing in Neapolitan Italian cuisine, including pasta, seafood, veal, and chicken dishes. Guests can dine in, arrange private gatherings, or order catering prepared using the restaurant's established recipes.

Pasquale "Patsy" Scognamillo founded the restaurant in 1944 in Midtown Manhattan, New York City. His son Joe and grandson Sal later took charge of the kitchen, continuing the family's cooking traditions. The restaurant moved to a neighboring building while retaining its theater district identity and Italian menu.

The Scognamillo family later introduced a franchise program based on the original restaurant's recipes and service methods. Patsy's Italian Restaurant continues to emphasize traditional Italian cooking, family involvement, and full-service dining.

Interested in Patsy's Italian Restaurant franchise?

Share your information and our team will help you explore Patsy's Italian Restaurant franchise opportunity, including startup costs, available territories, ownership requirements, and next steps.

Book a Free Dicovery Call

Initial investment

The initial investment required for a Patsy's Italian Restaurant franchise is $2,854,000 - $4,179,000. That is the total cost you would need to finance if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure	Amount
Initial Franchise Fee	$100,000
Leasehold Improvements	$1,155,000 to $1,732,500
Fixtures, Furnishings, Equipment & Signage	$975,000 to $1,270,500
Architect Fees	$30,000 to $70,000
Business Licenses & Permits	$3,500 to $6,000
Rent and Utility Deposits	$25,000 to $50,000
Other Professional Fees	$10,000 to $30,000
Insurance	$50,000 to $100,000
Initial Inventory of Products and Food and Paper Supplies	$175,000 to $250,000
Training Expenses	$30,000 to $50,000
Grand Opening Advertising	$50,000
Additional Funds (for initial period of operations)	$250,000 to $450,000
Total Estimated Initial Investment	$2,853,500 to $4,179,000

Type of Expenditure	Amount
Initial Franchise Fee	$100,000
Leasehold Improvements	$1,155,000 to $1,732,500
Fixtures, Furnishings, Equipment & Signage	$975,000 to $1,270,500
Architect Fees	$30,000 to $70,000
Business Licenses & Permits	$3,500 to $6,000
Rent and Utility Deposits	$25,000 to $50,000
Other Professional Fees	$10,000 to $30,000
Insurance	$50,000 to $100,000
Initial Inventory of Products and Food and Paper Supplies	$175,000 to $250,000
Training Expenses	$30,000 to $50,000
Grand Opening Advertising	$50,000
Additional Funds (for initial period of operations)	$250,000 to $450,000
Total Estimated Initial Investment	$2,853,500 to $4,179,000