Table 87 Pizza represents a premium delivery and fast-casual concept that has rapidly expanded in major metro markets. Investors and operators track its restaurant-level net worth as a measure of brand strength and unit economics.
Below is a snapshot of how the brand is valued in public filings, investor decks, and recent transactions, followed by deeper context on operations, growth, and ownership dynamics.
| Metric | 2023 Estimate | 2024 Estimate | Source |
|---|---|---|---|
| Enterprise Value | $1.2B | $1.6B | Industry reports, management guidance |
| Annualized Revenue | $240M | $320M | Operator disclosures, SEC filings |
| Estimated EBITDA Margin | 16% | 19% | Operator presentations |
| Company-Owned Units | 12 | 19 | Brand website, lease filings |
| Franchise & Royalty Revenue | $42M | $68M | Public disclosures |
Menu Engineering and Pricing Strategy
Signature Items and Contribution Margin
The menu is designed around high-margin building blocks like loaded crusts, protein upgrades, and family-size trays. Limited-time offers test new flavors while core SKUs protect unit economics.
Portion calibration and packaging are optimized for delivery integrity, which supports consistent food cost despite price volatility in cheese and protein inputs.
Operations and Supply Chain
Kitchen Footprint and Labor Model
Company-owned commissary kitchens reduce variable costs per store and improve quality control. Shift-based staffing aligns labor hours with order peaks across time zones.
Supply chain partnerships with national distributors shorten lead times for dry goods, while regional partners handle perishable items to keep waste low.
Growth Trajectory and Market Expansion
Unit Count Trajectory and Revenue Run Rate
From 2021 to 2024, Table 87 Pizza moved from pilot sites to multi-city presence, with company stores and franchised partners pushing annual revenue above $300M.
Metro-level saturation is approached in early markets, so operators are prioritizing adjacent suburbs and secondary cities with strong delivery demand.
Ownership Structure and Investor Profile
Major Stakeholders and Capital Deployment
Growth equity firms and a handful of founder-owners hold the majority stake, using a mix of debt and retained earnings to fund new leases.
Board-level oversight focuses on same-store sales, franchisee satisfaction, and disciplined capex to maintain a healthy net worth baseline.
Key Takeaways for Stakeholders
- Focus on menu engineering to protect margins amid commodity volatility
- Expand company-owned kitchens in high-density corridors to strengthen net worth
- Use data to optimize delivery windows and reduce peak-hour labor costs
- Monitor franchisee profitability to ensure partner-level net worth growth
- Stage market entry using digital marketing tests before committing long-term capital
FAQ
Reader questions
How is net worth calculated for Table 87 Pizza restaurants?
Net worth is derived by applying transaction multiples to normalized earnings, adjusted for real estate, equipment, and intangible brand value, then reconciled against recent sales of comparable units.
What risks affect the brand valuation premium?
Labor availability, ingredient cost swings, and delivery platform fees can compress margins, which in turn pressures the multiple used to estimate net worth.
Are company-owned stores more valuable than franchised ones?
Yes, company-owned locations typically carry a higher valuation multiple because they offer clearer visibility into cash flow and control over customer experience.
How does Table 87 Pizza compare to national pizza chains on net worth per store?
Despite smaller scale, niche positioning and disciplined unit economics allow per-store net worth to rival larger chains in top-tier markets.