FRANCHISE INFO
| Term: | 10
years |
| Territory:
| Exclusive rights within radius (from 1/4 to 2 miles) around your Pizzeria. | Initial Franchise Fee & Training for 3 weeks
(owner & manager): |
$30,000 for 1st Pizzeria; $25,000 for additional Pizzerias |
| |
|
| Royalty: | 4%
(paid weekly) |
| National Advertising:
| 3% (paid weekly) |
| Local Advertising:
|
3% (spent weekly by each individual location) | | Investment
Range: |
The total estimated initial investment required, including the initial franchise fee, ranges from $219,500 to $296,000. This includes $50,000 of security funds to run the business if necessary. |
| | AMOUNT | METHOD
OF PAYMENT | WHEN
DUE | RECEIVER
OF PAYMENT | Initial
Franchise Fee
(3 weeks training &
1 week at the opening of the new location included) |
$30,000 |
Lump
sum; non-refundable | When
you sign the Franchise Agreement | Wold
Collectibles | | Travel/Living
Expenses for Initial Training | $1,000
to $7,000 | As
incurred | During
training | Travel
and lodging vendors | | Store build out, architect, fixtures, furnishings, accessories, initial inventory, and equipment (including Point of Sale system) | $115,000 to $165,000 | Lump
sum | Before
opening | Approved
suppliers or vendors | | Grand
Opening advertising, inventory of door hangers, and other promotional products | $10,000
to $15,000 | Variable | Before
opening | Advertisers | | Licenses
and permits | $2,500
to $5,000 | Lump
sum | Before
opening | Governmental
agencies | | Rent
(including real estate and other taxes) | $2,000
to $4,000 | Lump
sum; non-refundable | Monthly | Lessor | | Rental
Security Deposit |
$5,000
to $10,000 |
Lump
sum | As agreed
with lessor | Lessor | | Business
Insurance |
$2,000
to $5,000 |
Lump
sum | As required
by insurance company policy | Insurance
company | | Legal/Accounting |
$2,000
to $5,000 |
Lump
sum | As incurred
| Attorney/Accountants | | Additional
Funds you must have in the account for advertising of the business if necessary | $50,000 | As
incurred | As
incurred | See
below | | Totals |
$219,500
- $296,000 |
The
information provided in this summary should not be construed as an offer of a
franchise. Offers of franchises may only be made by delivery of a franchise offering
circular (prospectus), and in certain states the offering circular must first
have been registered with a state agency that regulates the offers and sales of
franchises. |
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