Individual Unit Costs
- Initial Investment: $40,600-$2,063,500
- Initial Franchise Fee: $25,000
- Royalty Fee: 6%
- Advertising Fee: 4.25%
See more
How much does it cost to buy Pizza Hut franchise?
Pizza Hut has a franchise fee of $25,000 for a 20-year agreement, although the total initial investment ranges between $297,000 and $2,109,000. Additionally, franchisees must pay the company ongoing royalty fee of 6% on all sales, as well as an additional 3% to be applied toward national marketing efforts.
How much does a Pizza Hut owner make a year?
The average Pizza Huts store generates $714,000 sales per unit on average. The entire system makes $3.5 billion average sales in revenue per year. Each franchisee will average around $100,00 profit overall after all expenses.
How much does a pizza franchise cost in Canada?
Start your business! Pizza 73 is a fast-spreading pizza restaurant franchise based in Edmonton, Alberta, Canada, featuring a menu of delectable pizzas a cut above, but for wallet-friendly prices....Facts & Figures.Liquid capital required$50,000Investment$50,000 - $150,000Franchise fee$30,000Units in operation3221 more row
Is Pizza Hut still profitable?
With an increase in the number of stores, the average gross sales for this category increased by 7.7%. Based on the average sales provided by Delco Delivery/Carryout Pizza Hut's franchise locations, at an average of a 15% profit margin it will take around 4 years to recoup your investment.
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
Do franchise owners set salary?
In some cases, to maintain uniformity or to take advantage of bulk purchasing, a franchisor may recommend its franchisees pay their employees using a particular vetted and approved payroll software. In other situations, franchise owners may have complete freedom to choose whatever payroll method they see fit.
Do pizza owners make money?
An experienced Owner / Operator, Pizza Store with 10-19 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $60,000 based on 7 salaries. In their late career (20 years and higher), employees earn an average total compensation of $112,500.
Is owning a pizza shop profitable?
Most non-chain pizza stores run have a 3-7% profit margin. Whichever way you slice it, that number can be improved.
What is the biggest pizza chain in Canada?
Here are the top 10 best pizza franchises 2021 in CanadaPizza Pizza. Founded in: 1967. Franchise units: 724. ... Boston Pizza. Founded in: 1964. ... Freshslice Pizza. Founded in: 1999. ... Pizza Hut. Founded in: 1958. ... Greco Pizza. Founded in: 1977. ... Domino's Pizza. Founded in: 1960. ... Panago. Founded in: 1986. ... Pizza Nova. Founded in: 1963.More items...
Who makes more money Pizza Hut or Dominos?
Pizza Hut and Little Caesars were ranked second and third, respectively. Since 2017, Domino's Pizza has been the leading pizza chain in the U.S. in terms of sales....Leading pizza chains in the United States in 2021, by sales (in billion U.S. dollars)CharacteristicSales in billion U.S. dollars--12 more rows•Aug 29, 2022
What is the most profitable pizza company?
Restaurant NameGross Sales1Domino's~~$13,545,200,0002Pizza Hut~`$12,212,000,0003Little Caesars Pizza*$4,770,500,0004Papa John's International*$3,500,000,00041 more rows•Nov 1, 2019
How much does Domino's franchise cost?
Initial franchising fee: The Domino's initial franchise fee is $10,000 for building a new store or refranchising a closed store. Do note that Domino's sometimes charges a "reservation fee" of $25,000. The franchise disclosure document that you receive will have more details on this additional fee.
Do pizza owners make money?
An experienced Owner / Operator, Pizza Store with 10-19 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $60,000 based on 7 salaries. In their late career (20 years and higher), employees earn an average total compensation of $112,500.
How much does a Domino's owner make a year?
The average franchise owner reports a salary or profit between $50,000 to $200,000.
What is the most profitable pizza company?
Restaurant NameGross Sales1Domino's~~$13,545,200,0002Pizza Hut~`$12,212,000,0003Little Caesars Pizza*$4,770,500,0004Papa John's International*$3,500,000,00041 more rows•Nov 1, 2019
How much profit do you make on a pizza?
The industry standard for pizza businesses is a 15% profit margin. With 1 million in annual sales, you can expect to earn $150K from pre-tax profits! One of America's favorite fast foods is pizza.
How much does a Pizza Hut franchise cost?
How much does Pizza Hut franchise cost? Pizza Hut has the franchise fee of up to $25,000, with total initial investment range of $302,000 to $2,185,500.
What is Pizza Hut?
An error occurred while retrieving sharing information. Please try again later. Pizza Hut is an American restaurant chain and international franchise founded in 1958 by Dan and Frank Carney . The company is known for its Italian-American cuisine menu including pizza and pasta, as well as side dishes and desserts.
Is Pizza Hut a subsidiary of Yum?
Pizza Hut has 16,796 restaurants worldwide as of March 2018, making it the world's largest pizza chain in terms of locations. It is a subsidiary of Yum!
How much does Pizza Hut franchise cost?
Pizza Hut has a franchise fee of $25,000 for a 20-year agreement, although the total initial investment ranges between $297,000 and $2,109,000. Additionally, franchisees must pay the company ongoing royalty fee of 6% on all sales, as well as an additional 3% to be applied toward national marketing efforts. To purchase a franchise, interested parties must have a net worth of at least $700,000, with at least half of that amount available in liquid assets.
How many Pizza Hut restaurants are there in the US?
Frank and Dan Carney founded Pizza Hut in Wichita, Kansas in 1958. Since this time, Pizza Hut has grown exponentially. The restaurant chain now has over 6,000 restaurants in the United States, plus another 5000-something abroad in nearly 100 other countries.
What is Pizza Hut?
Pizza Hut is a leading American restaurant chain. Though pizza is unsurprisingly the most ordered food item on the menu, the menu also features a wide selection of pasta, wings, sides, desserts, drinks, and calzones. Customers love Pizza Hut’s reliable quality and prices, and the brand has established quite a reputation for itself as a result.
Where is Pizza Hut training?
Currently, Pizza Hut is particularly focused on building and growing franchises in New York, Massachusetts, Washington D.C., Rhode Island, and New Hampshire.
Is Pizza Hut a franchise?
Pizza Hut is listed in the Franchise Directory under the Food category. It's also listed in the section for Franchises Under $400,000 .
Background
Pizza Hut selects franchisees who have a solid restaurant or retail management experience. The company's franchise Owners must commit to opening at least two locations and ideally have eyes to open at least five Pizza Huts in as many years. The franchisees who are selected will complete a training program in Dallas, Texas for over two months.
Franchises Similar to Pizza Hut
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
How many pizza restaurants does Yum have?
Brands, Inc. (NYSE: YUM) is the world's largest pizza restaurant company with more than 6,200 restaurants in the United States and more than 4,000 restaurants in 100 other countries. Pizza Hut has been making pizza America loves for 50 years, serving Pan Pizza, Thin and Crispy ®, Veggie Lovers ®, Meat Lovers ® and more.
How many locations does WingStreet have?
With more than 1,000 locations, WingStreet is the largest delivery wing chain.
Is Wingstreet a subsidiary of Yum?
WingStreet, a subsidiary of Yum! Brands, Inc., is constantly expanding its presence within Pizza Hut restaurants across the country. Whether it's bold and spicy or sweet and mellow, WingStreet makes the wings to match your taste. Since 2003, our award-winning wings have been a customer favorite, and now, with more than 1,000 locations, intense taste is closer than ever. You don't need to leave the house to enjoy our selection of wings and sides. WingStreet is proud to be the largest delivery wing chain, serving eight intense wing flavors in bone-in, bone-out and traditional style that can be enjoyed as a meal or side item.
What is The Real Cost of A Lemonshark Poke Franchise?
However, other fast-casual restaurants may also have a place and opportunity to become an investment in the long run. One of them is LemonShark Poke, self-dubbed as a “fine casual” offering healthier food options for consumers needing a quick bite.
How many yards does a Pizza Hut franchise have?
A franchise will have a 500-yard protected radius for their system restaurant. No other franchise may establish another Pizza Hut in the granted radius. In line with that, the franchisor also specifies the delivery area, so that the franchisee can deliver approved products.
What is Pizza Hut's Harvest Program?
Pizza Hut supports two causes, BookIt and the Harvest Program. Firstly, the BookIt cause aims to help students reach their reading goals. Meanwhile, for the Harvest Program, the pizza chain donates excess food to local food banks for the hungry.
How to fill out a Pizza Hut form?
Firstly, you can fill out a form on the Pizza Hut franchise website. Once you complete all details, submit the form. You can also sign the form here. Pizza Hut will then contact you to assess if you’re a good fit for a franchise.
How much does a Pizza Hut franchise cost?
A Pizza Hut franchise cost is around $297,000 to $563,000. However, that’s only an initial estimate by Pizza Hut, LLC. However, this depends on what type of Pizza Hut you could set-up.
How many Yum! stores are there in the US?
In the US, they have 6,300+ stores, and more than 120+ are franchises. Additionally, the beloved pizza chain has 15,600 stores in 90 countries. Not to mention, as part of the Yum!Brands company, they’re also joined by KFC, Taco Bell, and The Habit Burger Grill.
How long is the first slice training?
They have another mandatory training program called the “First Slice” for the operators. It even lasts for 8 to 12 weeks. This consists of the following:
What are the minimum requirements to qualify to be a Pizza Hut franchisee?
What are the minimum requirements to qualify to be a Pizza Hut franchisee?
How much will I pay in royalties and advertising? What fees will I pay when I become a Pizza Hut franchisee?
The above amounts do not include the initial investment required to construct the restaurant, grand opening expenses or opening inventory. Please refer to the current Pizza Hut, LLC Franchise Disclosure Document (FDD) for more in-depth information on the estimated initial investment and other ongoing fees
Who will build my restaurant?
You will be responsible for the construction of your restaurant. However, Pizza Hut has a wealth of resources to assist you, including the names of general contractors that work across the United States with significant experience building Pizza Hut restaurants. A new franchisee may, for a fee, secure Pizza Hut ’s services to complete its construction process.
How much will food and supplies cost? What suppliers should I use?
A list of approved suppliers will be provided to you and you are required to purchase your supplies from those companies. Pizza Hut provides some key cost information in Items 8 and 19 of the FDD. Purchasing activities for food, packaging and equipment used in the Pizza Hut system are conducted primarily through RSCS.
Will I be required to use specific computer software at my restaurant?
The FDD describes the type of computer system and software you must use. You must also prepare and submit detailed financial records as required by the Franchise Agreement.
Does Pizza Hut provide restaurant financing?
Pizza Hut does not offer financing, however, a list of banks/financing institutions that have expressed an interest in lending to Pizza Hut franchisees is provided, upon request. To facilitate financing, Pizza Hut is listed on the SBA registry.
Is Pizza Hut listed in the Small Business Administration (SBA) registry?
Yes, the franchise registry (www.franchiseregistry.com) is a national online listing of approved franchise systems whose franchisees will receive accelerated loan processing through the U.S. Small Business Administration (SBA). Through this process, small business owners are provided with higher levels of service and quicker loans. Franchise systems not listed on the site are not eligible for expedited loan processing through the SBA.
A Little About Us
From a single 500-square-foot pizza place in Kansas to the Pizza Hut you know today, we’ve been serving up small-town passion, big-minded innovation, and lots of great pizza for over 60 years.
Your Journey
At Pizza Hut, you’re in the business for yourself, but never by yourself. Because you’re not just a franchisee—you’re a part of the family.
How to Get Started
Ready to join the family? Check out our restaurant opportunities to see which one may be right for you. After that, we’ll begin our Qualification and Approval process.
How much does it cost to franchise a pizza hut?
The initial franchise fee to open a Pizza Hut is $25,000. However, the estimated total cost of investment, including equipment, computer systems, smallwares, a building, etc., can range between $367,000 and $2,063,500, according to Franchise Direct. This cost does not include monthly service fees, technology fees, training fees, and more. There's a lending assistance program in place for minorities and qualified former employees who are interested in franchising. The assistance equates to 25 percent off the principal of the business loan.
How do I become a Pizza Hut franchisee?
Becoming a franchisee with Pizza Hut, however, is a multi-step process, beginning with an online application that inquires about your net worth, liquid assets, and relevant experience. Next steps involve disclosure documents, asset verification, background checks, and interviews. Pizza Hut is most interested in multi-unit operators, and currently has 20 multi-unit opportunities available (via Pizza Hut ). So, how much would it actually cost to open your own Pizza Hut franchise, if you're financially ready?
