Noble Roman's Pizza

What specific events or circumstances triggered the closure of 2,526 units in 2024, and was this a coordinated system restructuring or unrelated individual franchise decisions?

Can the franchisor provide documentation explaining why 87.9% of franchise units exited the system in 2024 without termination by the franchisor?

What financial performance data is available for franchisees during the years preceding the 2024 mass closure, and does the franchisor have financial statements showing unit-level profitability?

Given the dramatic system contraction, what is the franchisor's current financial stability and capitalization, and are there any ongoing disputes with suppliers, landlords, or other stakeholders?

The franchise fee of $7,500 is significantly lower than the typical $30,000-$50,000 range—what does this lower fee cover, and what additional upfront costs should a new franchisee expect?

Why does the franchise charge a 7.0% royalty rate when the typical range for this category is 4.5-6.0%, and how is this rate justified relative to the support and services provided?

What specific training and ongoing support does the 79-point Support & Training score reflect, and what are the documented shortfalls compared to typical casual dining franchises?

Can the franchisor explain the discrepancy between the Investment Score of 97 (well above typical) and the actual financial results that drove 87.9% unit exits?

Why does the franchise offer only a 15-year total potential term (10-year initial plus 1 five-year renewal) when typical casual dining franchises offer 20-25 years, and what does this imply about the franchisor's confidence in the system?

The non-compete restriction of 1 mile is well below the typical 7.5-15.0 miles—does this allow former franchisees to open competing concepts in the same territory, and what encroachment protections exist?

What are the franchisor's explicit renewal conditions and discretionary requirements that must be met to qualify for the 5-year renewal option, and how many franchisees have been denied renewal?

Has the franchisor faced any regulatory investigations, health code violations, or labor disputes at the corporate or franchise level that might explain the system contraction?

What percentage of the remaining 414 units are company-owned versus franchised, and what are the financial performance metrics for company-owned locations?

Can the franchisor provide a detailed breakdown of the 2,517 units that ceased operations in 2024 by reason (bankruptcy, voluntary closure, relocation, etc.)?

Are there any class-action lawsuits, binding arbitration demands, or regulatory complaints filed by franchisees that are not yet reported in formal litigation filings?

What happens to franchise rights and territory if a franchisee defaults on royalty payments, and what is the notice period before termination?

Given the system contraction, what is the franchisor's strategy for the remaining 414 units, and are there plans to rebuild the franchise network or transition to a different business model?

The transfer fee of $2,000 is significantly lower than the $5,000-$18,000 typical range—what approval conditions apply to transfers, and how often does the franchisor approve or deny transfer requests?

Can the franchisor provide franchisee contact information or references from existing 414-unit operators who can speak to profitability, support quality, and system viability?