How much does a Jet's Pizza franchise cost?
- Initial Franchise Fee: $25,000
- Total Investment: $437,500 to $631,000
- Working Capital: $60,000
- Royalty Fee: 10.0%
How much does it cost to open jet's pizza?
There is an initial franchise fee of $25,000 which grants you the license to run a business under the Jet's Pizza name. Eugene Jetts was 23 years old and on his way to buy a house when he drove by a party store on 14 Mile Road that was for lease.
How does jet's pizza help franchisees?
Jet's Pizza assists franchisees with site selection, ordering equipment, signage, advertising experts, and more. Once your Jet’s Pizza franchise has opened, franchisees may contact the corporate office for additional help if needed. Here’s what you need to know if you’re interested in opening a Jet's Pizza franchise.
What is the history of jet's pizza?
Jet’s Pizza was originated in 1978 by Eugene Jetts, Jr. and John Jetts. Fourteen years later, a corporation was formed with James Galloway, Jr. and Jeff Galloway. The Jet’s Pizza concept of franchising began in 1990 and has grown to more than 100 franchises throughout Michigan and Florida....
Is Jet’s Pizza a good brand?
Jet’s Pizza is the seventeenth largest pizza chain in the nation with more than 200 locations. The pizza restaurant brand has become famous, in particular, their signature deep-dish square pizza, the menu item that differentiates Jet’s from other pizzerias.
How much does a Jets pizza owner make?
The average franchise had total revenue of $1.34 million last year. Considering Jet's has a cheaper franchise fee, and the average revenue is $1.34 million, Jet's pizza is a high return option for people looking to open a franchise. To start, visit the Jet's Pizza website, and follow the prompts.
How much does a Jets pizza franchise cost?
The franchise fee to open a Jet's Pizza restaurant is a low $20,000, with a total estimated startup investment ranging from $365,000 to $425,000. The Term of Agreement is 10 years, with a renewal fee of $2,000. A royalty fee of 8-10% of gross monthly receipts is paid to the company.
What is the most profitable pizza franchise?
Pizza chains in the U.S. with the highest sales 2021. With sales worth approximately 8.64 billion U.S. dollars, Domino's Pizza was the leading pizza restaurant chain in the United States in 2021.
How much does a pizza franchise cost?
Opening a pizza franchise can cost anywhere from $25,000 to over $1 million, depending on locations of your franchise business and other factors. Most fall somewhere between $200,000 and $600,000. Those that just offer a mobile component or pickup and delivery service tend to be cheaper.
How much does a Papa John's franchise cost?
Papa John's Franchise Cost / Initial Investment / Papa John's Franchise Income. The estimated initial investment required to open a standard Papa John's pizza franchise is $130,120 to $844,420, including a franchise fee of $25,000.
How much does it cost for Domino's franchise?
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.
What is the best pizza franchise to own?
Here are the top 10 best pizza franchisesMOD Pizza. Founded in: 2008. ... Marco's Pizza. Founded in: 1978. ... Pizza Hut. Founded in: 1958. ... Domino's. Founded in: 1960. ... Hungry Howie's Pizza and Subs. Founded in: 1973. ... Cicis. Founded in: 1985. ... Papa John's. Founded in: 1985. ... Rosati's Pizza. Founded in: 1964. Franchising since: 2006.More items...
What is the number 1 pizza place in America?
Earning the top spot: Una Pizza Napoletana, located on New York City's Lower East Side.
What is the best pizza franchise?
Top Pizza FranchisesPizza Hut. Pizza Hut operates the most pizza franchises in terms of locations. ... Domino's. Domino's puts a unique twist on its franchise for pizza with a focus on customer convenience. ... Papa John's. ... Little Caesars. ... Marco's Pizza. ... Sam & Louie's. ... MOD Pizza. ... RedBrick Pizza.More items...•
Is a pizza business a good investment?
Pizza shops can be a great investment for those looking to enter the food industry. The start-up costs are relatively low, and there is a large potential customer base. Pizza shops also have the potential to generate a good amount of repeat business.
Is a pizza shop profitable?
Most (average) pizza stores operate around a 15% profit margin.
How much does it cost to buy a Little Caesars franchise?
Here are the costs and fees associated with opening a new Little Caesars location: Estimated total investment: Starting at $379,000. Net worth requirement: $350,000. Liquid asset requirement: $150,000.
Who is Jet's Pizza owned by?
In 1985 the Jetts Party Shoppe ditched its original name, dropped a “t” and became Jet's Pizza. With dreams to grow the brand Eugene and John started, their cousins Jim and Jeff Galloway joined ownership in 1987. For Jet's, a lot has changed since opening that first party shoppe in 1978.
How many jets pizzas are in Michigan?
Jet's PizzaA Jet's Pizza store in Ypsilanti Township, MichiganNumber of locations412Area servedUnited StatesProductsPizza Chicken Breadsticks Salads Sandwiches DessertRevenueUS$331 million (2019)9 more rows
How many Jet's Pizza locations are there?
There are 418 Jets Pizza stores in the United States as of September 16, 2022. The state with the most number of Jets Pizza locations in the US is Michigan, with 163 stores, which is about 39% of all Jets Pizza stores in the US.
Where is Jet's Pizza corporate headquarters?
Sterling Heights, MIJet's Pizza / HeadquartersSterling Heights is a city in Macomb County of the U.S. state of Michigan, and one of Detroit's core suburbs. As of the 2020 Census, the city had a total population of 134,346. It is the second largest suburb in Metro Detroit, and the fourth largest city in Michigan. Wikipedia
When was Jet's Pizza founded?
Jet’s Pizza Franchise Opportunities – History. Jet’s Pizza was founded in 1978 by Eugene Jetts and his brother John Jetts, who opened their first restaurant in Sterling Heights, Michigan.
What is Capriotti's sandwich shop?
Capriotti's Sandwich Shop is known for its unique culture, family-friendly atmosphere, high-quality ingredients, and a commitment to delivering outstanding customer service. If you’re looking to own a restaurant franchise with a sound business model, a low investment, high ROI, and food you’re always proud to serve, Capriotti's is the perfect opportunity for you.
Is Jet's Pizza a franchise?
Jet's Pizza is listed in the Franchise Directory under the Food category. It's also listed in the section for Franchises Under $200,000 .
How much does a Jet's Pizza franchise make?
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors. Unlock this franchise for franchise-specific data and insight.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 347 franchised Jet's Pizza locations in the USA.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
When was Jet's Pizza founded?
Based in Sterling Heights, Michigan, Jet's Pizza was founded in 1978 and began franchising in 1990.
Do international franchisees have to buy multiple units?
International franchisees required to buy multiple units/master licenses; 0% of all franchisees own more than one unit
Requirements for Franchising
When franchising a business, there are many things that you have to consider before coming to a final decision. Not every business opportunity is for everyone and Jet’s Pizza may not even be the best franchise business opportunity for you personally.
Take it to go
The pizza and the opportunity that is. Take this opportunity for franchising Jet’s Pizza and run with it! Because in my personal opinion it measures up to a decent standard when it comes to values and requireents.
Where was Jet's Pizza first opened?
Brothers Eugene and John Jetts opened the first Jet's Pizza in Sterling Heights, Michigan, in 1978. Franchising began in 1990. Each locations offers pizzas-- including Jet's signature deep-dish square pizza-- submarine sandwiches, salads and sides.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
What is franchise investment?
Definition: The total amount necessary to begin operation of the franchise. What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital.
How long is a franchise agreement?
10 years. Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
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.
