Penn Station, Inc. vs Crust Gourmet Pizza Bar
Compare franchise fees, investment range, royalties, SBA lending performance, unit growth, and Item 19 transparency with a permanent shareable URL.
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Penn Station, Inc.
QSR
Investment
$474K to $765K
Franchise fee
$25,000
Item 19 status
Full Disclosure
Units
322
Crust Gourmet Pizza Bar
QSR
Investment
$210K to $264K
Franchise fee
$15,000
Item 19 status
No Item 19
Units
N/A
Lower entry cost
Leans right
Based on minimum initial investment.
Better disclosed economics
Penn Station, Inc.
Uses Item 19 availability and transparency status.
Lower SBA default risk
Even
Treat low-loan brands carefully, sample size matters.
| Metric | Penn Station, Inc. | Crust Gourmet Pizza Bar |
|---|---|---|
Franchise Fee | $25,000 | $15,000 |
Min Investment | $474K | $210K |
Max Investment | $765K | $264K |
Royalty Rate | 8.0% | 6.0% |
Ad Fund Rate | 2.0% | 2.0% |
Total Ongoing Burden Royalty plus ad fund when available. | 10.0% | 8.0% |
Median Revenue (Item 19) | $771K | N/A |
Cash-on-Cash Return Estimated when revenue and margin assumptions are available. | 3.7% | N/A |
Payback Period | 26.8 yrs | N/A |
Revenue per Dollar Invested | 1.25x | N/A |
Franchised Units | 322 | N/A |
1-Year Net Unit Change | -1 | N/A |
Net Unit Growth Rate | -0.3% | N/A |
Net Closure Rate Net closure proxy based on disclosed unit change. | 0.3% | N/A |
SBA Default Rate | 0.0% | N/A |
SBA Loan Count Use this to judge whether SBA default data is statistically meaningful. | 14 | N/A |
Average SBA Loan Size | $427K | N/A |
Item 19 Status | Full Disclosure | No Item 19 |
Has Item 19 | ✓ Yes | No |
Data Quality Score | 100 | 63 |
What stands out
- • Penn Station, Inc. opens at $474K to $765K, while Crust Gourmet Pizza Bar ranges from $210K to $264K.
- • Penn Station, Inc. shows an Item 19 disclosure; Crust Gourmet Pizza Bar shows no Item 19 disclosure.
- • Penn Station, Inc. has 322 franchised units versus N/A for Crust Gourmet Pizza Bar.
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Last updated: April 2026