How much does an Old Chicago Pizza & Taproom franchise cost?
- Initial Franchise Fee: $40,000
- Total Investment: $1,329,000 to $1,947,000
- Working Capital: $60,000 to $80,000
- Royalty Fee: 4.0%
What is franchising fee?
What is a 3% royalty fee?
Do franchisors have in-house financing?
About this website
How much does an Old Chicago Pizza & Taproom franchise make?
Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation. Please unlock this franchise for more information.
When did they begin franchising?
They began franchising in 2000. The average Pizza franchise began franchising in 2006.
What is the Old Chicago pizza?
Old Chicago Pizza & Taproom feature a welcoming casual dining atmosphere Chicago-style deep dish pizza, pasta, calzones, burgers and sandwiches and related food items and beverages featuring a wide ever-changing selection of the best local and regional craft beers as well as a full range of imported and mass domestic beers.
What is franchising fee?
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What is a 3% royalty fee?
Ad Royalty Fee. 3%. Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Chicago Pizza Franchise Opportunities
The first Chicago Pizza Franchise unit was offered for sale in 2012. However, the first pizzeria of the brand was launched in New Delhi India in 2008. Today the business enrolls more than 100 Chicago Pizza profitable outlets. Such attractive franchise opportunities are determined by an interesting concept and successful business model.
How to open a Chicago Pizza franchise?
Ensure you have adequate capitalization. In order to open the Chicago Pizza pizza-by-the-slice restaurant franchise, you must have a minimum initial investment of INR 18 Lakhs.
How much does the Chicago Pizza franchise cost?
Chicago Pizza has a total initial investment range of Rs 18 Lakhs to Rs 35 Lakhs. All inquiries for the initial franchise fee, ad fees, net worth requirements, and liquid cash requirements can be submitted to Chicago Pizza Head Office.
WHO MAKES A GOOD EAST OF CHICAGO PIZZA FRANCHISEE?
Opening an East of Chicago Pizza franchise does not require past experience. If you have experience, it is an advantage since you already understand the time commitment and what it takes to be successful. If you don't have experience, you are in a great situation since you don't have any pre-existing ideas about what you should be doing. Our experienced team of support personnel will help you make the most of your time and answer any questions. Plus, you can take advantage of the experience and wisdom of our franchisees, area developers, and our vendors. Our ideal candidate has a background in restaurant management, preferably franchise restaurants; strong management skills; the ability to consistently motivate themselves and those around them; and the willingness to devote time and energy to the business. Successful franchise operators are unanimous in their belief that working with people, building our Brand value and a commitment to our founding core principles are the best attributes for any potential franchise owner.
How many East of Chicago locations are there?
East of Chicago Pizza is a proven franchise system, which has thrived for over twenty years in the ultra-competitive pizza industry. We have more than 80 locations in six states and in 2013, East of Chicago continued its impressive growth by surpassing 48 consecutive months of same-store-sales increases, the addition of 12 new locations, all while breaking the $30 million mark in franchise-wide sales.
What is East of Chicago Pizza?
We believe our commitment to these three principles is the driving force behind our growth and success. East of Chicago Pizza is a proven franchise system, which has thrived for over twenty years in the ultra-competitive pizza industry. We have more than 80 locations in six states and in 2013, East of Chicago continued its impressive growth by surpassing 48 consecutive months of same-store-sales increases, the addition of 12 new locations, all while breaking the $30 million mark in franchise-wide sales. In 2008, Tony Collins, a multi-unit operator, purchased the franchise. Tony's vision for the East of Chicago brand centered on the drive and success of existing operators. "It started with engagement of the owners across the board," Collins said. "We looked at each operating unit and completed over 200 store visits in order to establish our vision and company goals for the next five years. Plus, we invested heavily in training and operational systems while securing national distribution channels." Today, East of Chicago Pizza is recognized throughout the Midwest for our specialty pizzas, delicious subs, and signature wings. In the next five years, the company plans on reaching a total of 150 units and growing the corporate structure to provide continued support to the franchisee in all aspects of development, training and operations. The drive and success of existing franchisees are major aspects of East of Chicago's future growth plans. "You have to see beyond initial investment and want to grow larger with us," said Collins, noting the brand emphasizes there is a huge opportunity for aggressive expansion in key territories. "We look for potential franchisees who have great passion, a background in restaurant management, or, ideally, a multi-unit operator."
What is franchising fee?
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What is a 3% royalty fee?
Ad Royalty Fee. 3%. Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
