Red Savoy Pizza

Red Savoy Pizza

Information based on 2022 FDD

Food & Beverage · Pizza

Investment min
$202K
Total: $202K–$508K
Avg gross revenue
N/A
Unit-level, 2022
Franchise fee
$35K–$40K
Per current disclosure
Royalty
5%
of gross revenue
Locations
15
Franchising since 2012

Description

What is Red Savoy Pizza?

Red Savoy Pizza, a beloved Midwest institution since 1965, has been serving up authentic, old-world pizza with a distinctive personality that keeps customers coming back for generations. Known for their signature thin crust, spicy sauce, and generous toppings, Red Savoy has mastered the art of creating pizzas that strike the perfect balance between traditional recipes and modern tastes.

This Minnesota-born pizzeria chain has built its reputation on consistency, quality, and a unique dining experience that combines casual comfort with memorable flavors. Each Red Savoy location maintains the original restaurant's commitment to using premium ingredients and time-tested preparation methods, ensuring that every pizza delivers the authentic taste that has become synonymous with the brand.

As a franchise owner, you'll become part of a legacy that values both tradition and innovation. Red Savoy's business model emphasizes strong community connections, exceptional customer service, and operational excellence. The brand provides comprehensive training programs and ongoing support to help franchisees maintain the high standards that have made Red Savoy a regional favorite.

What sets Red Savoy apart is their unwavering dedication to their original vision while adapting to contemporary market demands. Their menu features both classic favorites and creative specialties, appealing to a broad customer base. The brand's strong presence in the Midwest demonstrates its proven concept and potential for growth in new markets.

For entrepreneurs passionate about food service and community building, Red Savoy Pizza offers the opportunity to own a piece of pizza history while creating a sustainable business in the thriving casual dining sector.
  • Lower Investment Than Industry Average
  • 57+ Years of Proven Success
  • Strong Customer Loyalty Program
  • Multiple Revenue Stream Opportunities

Location Analysis

Where Red Savoy Pizza wins

Red Savoy Pizza, established in 1965, maintains a strong regional presence across the Upper Midwest, with a notable concentration in Minnesota. The franchise has established a significant footprint in Minnesota, including presence in the Hugo area, and has expanded into Wisconsin, suggesting potential for additional growth in these and neighboring states.

The franchise's concentrated presence in Minnesota, particularly around the Twin Cities metropolitan area, indicates a successful market fit with regional demographics and consumer preferences. This clustering strategy enables efficient supply chain management and strong brand recognition within its core market. While specific customer ratings data is not currently available, the brand's longevity of over 55 years suggests sustained market acceptance.

The expansion into Wisconsin represents a strategic test of market adaptability beyond its home state. The current distribution pattern presents substantial growth opportunities in both states' mid-sized markets, particularly in areas with similar demographic profiles to successful existing locations.

Ideal locations for new franchises should target mid-sized Midwestern communities with strong family presence, median household incomes aligned with casual dining spending patterns, and areas with limited premium pizza competition. The concentrated regional focus suggests a methodical expansion strategy that prioritizes market dominance in specific regions over rapid geographic expansion, potentially offering new franchisees stronger operational support and established supply chains within this focused territory.
Total US locations
17
Franchise units
15
Corporate locations
2
Avg. sq. footage
N/A

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Financial Analysis

The numbers behind Red Savoy Pizza

Avg gross revenueN/A
Investment range$201,800 – $508,250
Investment midpoint$355,025
Brand fund3%
Royalty5%
Franchise fee$35,000–$40,000
Min. net worth
Min. liquid capital
Red Savoy Pizza presents an **entry-level investment opportunity** with total capital requirements ranging from **$201,800 to $508,250**, positioning it well below the pizza sub-sector averages of $380,153-$837,259. This lower investment threshold makes it accessible to emerging entrepreneurs seeking pizza franchise ownership without premium capital commitments.

The pizza industry remains resilient with consistent consumer demand, though market saturation in many areas creates competitive pressures. Red Savoy's positioning in the casual dining pizza segment benefits from diverse revenue streams including dine-in, takeout, delivery, and catering services. The brand's loyalty program and promotional strategies indicate focus on customer retention and repeat business generation.

With **17 units and nearly 60 years of operational history since 1965**, Red Savoy demonstrates established brand heritage but limited system scale compared to major pizza chains. This smaller footprint may offer territory availability advantages while potentially limiting brand recognition and purchasing power benefits that larger systems provide.

The investment structure appears suitable for owner-operators seeking hands-on restaurant management rather than passive investment opportunities. The "no late nights" employment messaging suggests operational hours that may appeal to work-life balance considerations, though this requires verification through franchise disclosure documents.

Ideal candidates should possess **$150,000-$200,000 liquid capital** with restaurant or retail management experience. Markets with limited pizza competition and strong community dining cultures present optimal conditions. Prospective investors must thoroughly review the Franchise Disclosure Document and conduct comprehensive due diligence to evaluate territory rights, ongoing fees, and operational requirements before making investment commitments.", "brand_bragging_rights": [ "Nearly 60 years brand heritage", "Entry-level investment requirements accessible", "No late night operations", "Comprehensive loyalty rewards program", "Full catering service capabilities", "Diverse revenue stream opportunities
Did you know? Starting your own Red Savoy Pizza franchise, known for its authentic Italian-style pizzas and family-friendly atmosphere, requires a total investment between $201,800 and $508,250, which covers everything from the franchise fee to equipment, buildout, and working capital needed to bring this beloved pizza concept to your community.

Financing partners

Vetted partners, tailored to franchisees

Your Franzy advisor can connect you with these partners later in the process — competitive rates, specialized in franchise financing.

FranFund

Lender

CRF USA

Nonprofit SBA lender; provides financing for franchise acquisitions, startups, and expansion.

Lender

First Bank of the Lake

Lender

Pension Pros

Lender

FDD Item 7

Initial investment range

$202K–$508K
Most common
$201,800
Minimum
$355,025
Midpoint
$508,250
Maximum

Per FDD Item 7, total initial investment ranges from $201,800 to $508,250. The midpoint $355,025 is what most franchisees report at signing — financing typically reduces cash-at-close by 80–90%. Knowing the investment range helps you plan confidently and ensure you're fully prepared to make the leap.

FDD Item 19

Average gross sales

$800K$640K$480K$320K$160KN/A
$657K
2020
2021
2022
Avg
$219K
YOY change (2021 -> 2022)
-100%

According to Item 19 of the Franchise Disclosure Document, Red Savoy Pizza has average gross revenue data in our records. (Note: This information is based on the latest FDD in our records. Please review the Franchise Disclosure Document (FDD) and confirm this information directly with the brand. We make no claims of accuracy for the information presented.)

Growth over time

Franchise footprint

+13% YoY
201612840
2016
2017
2018
2019
2020
2021
2022
17 units open as of 2022 FDD+2 in last 12 mo

2022 Franchise Disclosure

FDD documents

Below are items 2, 3, 4, 7, 11 and 19 for Red Savoy Pizza's 2022 FDD. The complete FDD is delivered to you directly by the franchisor, per the FTC Franchise Rule.

Estimated initial investment
FDD Item 7 · PDF
Financial performance representations
FDD Item 19 · PDF
Members-only items
Executive team
FDD Item 2 · PDF
Litigation
FDD Item 3 · PDF
Bankruptcy
FDD Item 4 · PDF
Franchisor assistance
FDD Item 11 · PDF
Members only
Unlock the 2022 FDD

Connect to download Items 2, 3, 4, and 11 — direct from the franchisor.

Buyer FAQs

Frequently asked questions

The initial investment for a Red Savoy Pizza franchise typically ranges between $201,800.00 and $508,250.00. This includes the franchise fee, equipment, real estate, and other startup costs. To get a detailed breakdown and better understand the financial requirements, we recommend scheduling a call with the Franzy team. We'll walk you through the specifics and answer any questions you might have. For more detailed information, refer to the financial sections of the FDD.

Disclaimer. The information provided on this page is based on the latest Franchise Disclosure Document (FDD) that is publicly available and that we have on record, which was issued in 2022. This information is for informational purposes only and is not intended to constitute legal, financial, or business advice. We make no guarantees or claims regarding the completeness or accuracy. For the most current and detailed information, we recommend consulting the franchisor directly for the most recent FDD and regarding any questions that you may have about the information provided.

Red Savoy Pizza
Red Savoy Pizza
N/A avg revenue · 15+ US franchises

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