How Much Does It Cost to Open a Pizza Franchise?
What is the price tag for opening your own pizza franchise? Where does your money go? How is it spent?
American As Pizza Pie
We love our pizza! Some estimates show that Americans eat 3 billion pieces, or 46 slices (per person) every year. 350 slices are sold every second. Our love affair with pizza has sustained a booming industry, to the tune of around $46 billion per year, with pizza chains dominating nearly 60% of the market.
Pizza is an exciting and sustainable industry, appealing to both new and seasoned entrepreneurs. If done right, it’s definitely worth the investment, but you probably want to consider what goes into your pizza franchise cost upfront before committing to a new business venture.
Financial Requirements
Like all food chains, pizza franchises typically set minimum net worth and/or minimum liquid assets requirements for franchisees. Net worth requirements can range from $100,000 to more than $1 million. Your Pie is looking for a net worth of at least $500,000; $150,000 of which is liquid.
Initial Fees
The initial franchise fees typically range between $10,000 to $50,000. Ongoing service or royalty fees usually run between 3-8% of gross monthly sales and, in some cases, there are monthly advertising fees.
The initial pizza franchise cost for a Your Pie restaurant is $35,000, due upon signing our Franchise Agreement (and, if applicable, the Development Rights Rider). We describe the initial franchise fees in Item 5, including the manner in which fees are calculated under the Development Rights Rider (DRR). No separate investment is required when you sight the DRR.
Why Your Pie?
Your Pie stands apart from other pizza restaurants in almost every way. Our pizza comes from authentic family recipes and tradition, with superior ingredients and top quality, delicious pies. Your Pie Pizza is the first-ever fast-casual pizza franchise: we allow our guests to customize their own pies, making us unique from other brands.
The total initial investment to open a Your Pie restaurant can range between $364,750-$610,000. This investment ensures that we, as the franchisor, can cover a range of different aspects of your new business, such things as restaurant construction, kitchen equipment, furniture, signage, POS systems, training, and opening food inventory.
Just as we seek to provide a customized experience for our diners, we hope to do the same for our franchisees. Unlike other pizza franchises, we see our investors as partners and members of our Your Pie family. We are proud of our pizza and hope to attract franchisees who are equally passionate. We are transparent about our startup costs and ongoing fees because we want you to know that your investment is as important to us as it is to you.
If you are interested in franchising with Your Pie, click here to learn more.
