Pizza Franchise Investment Requirements
financial requirements for PIZZA franchise candidates and estimated ranges for PIZZA franchise costs.
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Financial Requirements
- Single Restaurant - New England region
Franchise candidates must have $165,000 in liquid capital (e.g. non-borrowed personal resources, cash, marketable securities, stocks, etc.) and a net worth (total assets minus total liabilities) of $550,000 to qualify for single unit development. Financing is to be secured through third-party lending sources. The total cost of each restaurant varies by size and location.
- Multi-Unit Area Development Agreement
Franchise candidates must have $550,000 in liquid capital and $1.2 million net worth (New England and FL.)
- Area Development
$1.1 million liquid capital; $3 million net worth, with a 20 unit requirement. (Outside New England, east of the Mississippi.)
Franchise Fee
The initial franchise fee is $20,000, paid at the signing of a Franchise Agreement. Franchisees entering into a Multi-restaurant Area Development Agreement for at least three restaurants will be entitled to a reduced franchise fee of $15,000 for each restaurant they develop following their initial restaurant. Franchisee must own at least 51% interest in each restaurant.
Royalty Fee
Our royalty fee is 6% of gross sales, paid weekly. This entitles the franchisee to ongoing use of the Papa Gino’s Franchising System, including: name and trademarks, operating systems, business development, consulting, and other benefits and services offered as part of the Papa Gino’s Franchising System.
Advertising Contribution
Our advertising contribution is 3% of gross sales, paid weekly. The advertising fund is used for the creation, production, and distribution of advertising and related programs and materials.
Initial Investment
The estimated initial investment for a Papa Gino’s franchise ranges from $606,000 to $857,000.