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Can you purchase a Pita Pit franchise?
Franchising with the Pita Pit is a great way to become part of the booming restaurant industry. Our franchisees benefit from a very popular concept and a proven system—one that has undergone twenty years of fine tuning.
Who is the owner of Pita Pit?
Pita Pit founder, Nelson Lang, rolled the very first pita in 1995, in Kingston, Ontario, Canada, with a vision to provide a healthy alternative to fast food restaurants. The success of this “fresh thinking” concept led to its franchising across Canada starting in 1997, followed by the United States in 1999.
How much does a food franchise owner make?
Research from Franchise Business Review shows that the average annual income of food franchise owners is $122,343 for those in business at least two years. That said, averages can be misleading. The median income is around $88,469 (top earners skew the average higher) and 32 percent report annual incomes below $50,000.
How much does a franchise cost?
Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.
How much did Pita Pit sell for?
between $25 million and $50 millionIt did not release the purchase price, but it is reported to be between $25 million and $50 million. “We are extraordinarily proud of our franchise partners, front-line team workers and our corporate team and what they have achieved over the past 26 years.
Is Pita Pit healthy for you?
Small says Pita Pit's fresh vegetables and meat are the healthiest part of the meal, but people still need to make sure they stay away from processed meats. Pita Pit's ham is 75 per cent pork and contains sugar and flavouring, whereas its chicken tenders are 98 per cent meat, but also contain a sprinkle of sugar.
How often do franchises fail?
A five-year study by the franchise consulting firm FranNet reported that 92 percent of their franchise placements were still in business after two years and 85 percent after five years. Because yes, sometimes franchise businesses can rise and fall like independently owned companies.
What is the most profitable franchise?
Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...
What is the most profitable franchise to own in 2022?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
What is Starbucks franchise fee?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
What are the top 10 food franchises?
Which Are the Best Food Franchises in India in 2022?KFC Franchise. Kentucky Fried Chicken (KFC) is the most famous fried chicken recipe brand with no competitors. ... Domino's Franchise. ... Subway Franchise. ... Tibbs Frankie Franchise. ... Chick Blast Franchise. ... Bubbles Franchise. ... Mozart Franchise. ... Amul Ice Cream Business.More items...•
Is buying a franchise a good investment?
If you're a fledgling entrepreneur or a seasoned business person wanting to diversify your holdings, you've probably wondered, “Are franchises a good investment?” The simple answer is yes, especially if a great opportunity presents itself. There is an obvious appeal to starting a business via buying a franchise.
When was Pita Pit founded?
July 20, 1995, Kingston, CanadaPita Pit / FoundedWhen Pita Pit began back in 1995, Braveheart was Best Picture, Seinfeld was all the rage, the Worldwide Web was just taking off and the DVD was new—and a major innovation. So was the idea that drove Nelson Lang and John Sotiriadis to open their first Pita Pit in Kingston, Ontario.
Who are pita Pits main competitors?
Top Competitors of Pita Pit Inc.Fazoli's. 1,030. $72 Million.Burgerville LLC. 1,425. $107 Million.Church's Chicken. 1,887. $1 Billion.Tender Greens. 1,074. $188 Million.TacoTime. 931. $63 Million.Charleys. 3,000. $534 Million.
When did Pita Pit enter NZ?
2007Building healthier families was part of what drove Chris Henderson and Duane Dalton to open their first store in Takapuna in 2007. Today Pita Pit boasts a national footprint in New Zealand, with 110 stores, and another 13 in Australia.
Is Pita Pit halal in Canada?
We're 100 percent committed to adhering to proper Halal standards in order to make this pita authentic for our customers in every single one of our stores. And in true Pita Pit fashion, we're refusing to settle for anything less than the best possible ingredients and taste."
Your Estimated Initial Investment
These are estimated annual premiums. Payment is made as arranged and required
Multi-Unit Development Zone Program
Pita Pit does not loan to franchisees, however, we may be able to help you in the financing process with your bank. To be considered for a Pita Pit franchise you will most likely need a net worth of approximately $100,000, of which $75,000 will most likely need to be in the form of a liquid investment or holding account.
When did Pita Pit open?
Pita Pit opened the doors of our first restaurant back in 1995. At that time, the QSR landscape was dominated by “burgers and fries” fast food chains that sacrificed quality for convenience and low prices. Our founders strived to create a restaurant that they would want to eat at themselves, with fresh flavors, short wait times, and healthful ingredients. Pita Pit was born and soon began expanding. Today, we operate hundreds of stores internationally, and our menu has attracted a worldwide following. Pita Pit is the future of quick, casual foodservice. We call it Fresh Thinking—Healthy Eating. People are changing the way they eat to something unique and healthy, and Pita Pit delivers in an innovative way.
How many Pita Pit locations are there in the US?
The unique combination of fresh, healthy food, mainstream music, and a lot of fun along with young, high-energy staff members and customers, creates the very unique Pita Pit vibe. Today, there are more than 200 Pita Pit locations in the United States, and over 600 Pita Pit locations worldwide—the company is poised for explosive growth and we want you to join us!
Do You Have What It Takes?
Pita Pit investors don’t need to have a background in the restaurant industry to open a healthy sandwich franchise. Rather, we’re looking for highly-motivated investors who are willing to put in the work to grow their business. Check out the list below and see if any of these questions describe you.
What is a franchise territory?
Territory Granted: Franchisees will not receive an exclusive territory. Franchisees will be granted a territory delineated by a specific geographic boundary. The territory may be a ½ mile radius around the restaurant but also may vary depending on population density or market considerations, as determined by the franchisor in its sole discretion before the franchisee enters the Franchise Agreement. The franchisor will refrain from operating or granting franchises to operate a restaurant utilizing the system at a location within the territory, provided that the franchisee is in full compliance with the agreement, except that the franchisor may establish a corporate owned or franchised restaurant at any “institution.” Institution means any facility where the owner or operator wants designated food services for those people who reside, work, attend and/or visit at the facility, and includes any land or building that is owned or leased by the owner or operator.
How long does it take to train a franchisee?
Individuals attending training will be required to complete pre-work assignments prior to attending the training program. The required hours of training will vary depending on group size, needs, and dynamics. Typically, total training time will be approximately 82 to 89 hours. The franchisor may consider conducting additional seminars or other training programs for franchisees’ benefit and they and/or their managers may be required to attend.
What is a PPI?
Franchise Description: Pita Pit Inc. (PPI) is the franchisor. The franchisor offers and sells franchises for the Pita Pit business concept which involves a marketing plan and system for the development, opening and operating of retail outlets specializing in the sale of pita sandwiches. Franchisees may also offer the Pita Pit’s line of smoothie products. The franchisor also offers qualified franchisees in certain areas the right to develop multiple restaurants within a designated geographic zone within a specified period of time.
What is an institution in food service?
Institution means any facility where the owner or operator wants designated food services for those people who reside, work, attend and/or visit at the facility, and includes any land or building that is owned or leased by the owner or operator.
Does Pita Pit have a franchise?
Financial Assistance: Pita Pit’s franchise system is eligible for expedited and streamlined SBA loan processing through the SBA’s Franchise Registry Program. In the past the franchisor typically entered into head leases with landlords for restaurant locations. However, it is the franchisor’s current intent that franchisees enter the head lease with the landlord although occasionally, in its sole discretion, it may enter into the head lease for the restaurant premises with the landlord. The landlord is usually unrelated to the franchisor. If the franchisor does enter into the head lease, the franchisee will enter into a sublease for the restaurant location with the franchisor. If franchisees meet the requisite credit standards, the franchisor’s affiliate owning the particular corporate restaurant they wish to purchase, may finance up to 80% of the purchase price over a five-year term at an interest rate of 6% per annum.
Can a franchisee be an absentee owner?
Only in limited circumstances will the franchisor permit the franchisee to be an absentee owner. For each restaurant the franchisee owns, there must be at least one designated individual exclusive to the restaurant that has successfully completed training. All managers must sign a confidentiality agreement.
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Franchise Direct's reputation for integrity in the franchise industry has been established over our 20+ years in business. We NEVER sell your information or share it with anyone other than the companies from which you have requested information. Please view our privacy policy.
How much does a "Pita Pit" franchise cost?
The minimum amount required for a franchisee to invest is $334,198 and can go all the way up to $98,000.
How many "Pita Pit" units are in the United States?
There are 134 Pita Pit locations in the United States, of which "3" are corporate units and 131 are franchise units.
From the Franchise Disclosure Document of "Pita Pit", that was issued on, 06, 01 2021
The Franchisee will operate a single retail establishment devoted to the preparation and sale of pita sandwiches and other food items under the trade name PITA PIT®.
How much does it cost to franchise a fast casual business?
Again, depending on factors like size and location, your total initial investment will vary. We estimate that franchisees will spend $334,198 - $504,772 to get their healthy fast-casual franchise up and running. Not only does this figure include estimates on a lease agreement, employee uniforms, signage, and build-out, it also includes cash-on-hand to nurture your business during its early months.
Does Pita Pit have direct financing?
Pita Pit does not provide direct financing to franchisees, however, we may be able to help you in the financing process with your bank. To be considered for a Pita Pit franchise you will most likely need a net worth of approximately $100,000, of which $75,000 will most likely need to be in the form of a liquid investment or holding account. SBA applicants will probably need to inject 20% to 30% cash into their loan to promote immediate cash flow and reduce monthly expenses. While this may be the bank’s typical minimum threshold, they may make exceptions to this requirement under special circumstances, or for those individuals who are close to the minimum requirements. Pita Pit is listed on the SBA Registry. Our Franchise Development Team can discuss various options for financing, as well as help your local banker better understand Pita Pit franchising.
What is a pita pit?
In the Pita Pit, you will find artisan and classic sandwiches made with fresh and delectable ingredients all wrapped in a pita instead of the ordinary bun or tortilla wrap. And as a loyal customer, you’ll even get rewarded for your visits and purchases.
What kind of pitas are served at the Pita Pit?
Thai Chicken Pitas and the Boom Boom Black Bean Pita are just a couple of the most popular Artisan pitas that are served at the Pita Pit. Can you choose just one? It may be a challenge! But it will surely fill your tummy with fresh and tasty goodness!
What is Pita Pack Rewards Club?
The Pita Pack Rewards Club helps you earn free food through each purchase you make. With this app, you can also purchase digital gift cards, pay using your phone, and order pickup or delivery.
How much do you pay for franchise advertising?
There are also ongoing royalty and advertising fees that are to be paid on a monthly basis. A 5% royalty fee and 2% advertising fee must be paid to the company based on your net sales.
How long does it take to get a business up and running?
It only takes about six months for you to have your business up and running. And in my opinion, it seems totally worth it!
Is Pita Pit a franchise?
It’s constantly expanding and growing; which is a plus if you are searching for something that is well-known for having a popular franchise opportunity.
Does Pita Pit offer financing?
But you already know that. And with Pita Pit, they at least offer third-party financing just in case you need the help with your initial franchise fee.
How much money does Pita Pit need?
Pita Pit has a set of financial requirements that include the estimated initial investment of about $216354 to $435,102.50. Others include a liquid cash requirement of $75,000 and royalty fees consisting of an ongoing royalty fee and an ad royalty fee of 5 and 1% of gross sales respectively.
Who owns Pita Pit?
This restaurant concept was founded by business partners Nelson Lang and John Sotiriadis in 1995. Pita Pit began its franchising operations in 1997.
What is Pita Pit support?
Pita Pit franchisees get support covering vital areas of their operations. This helps with productivity as well as growth and profitability. Support includes the broad categories of ongoing and marketing support. Under its ongoing support, franchisees gain access to Pita Pit’s purchasing cooperatives, use of its proprietary software and its toll-free line.
How many sq ft is Pita Pit?
Though Pita Pit will help with site selection, an ideal site for locating its restaurant includes an area of about 1,000 to 1,500 sq ft. Other features include strong employment within the surrounding area, end cap and main road visibility (within a retail space).
How to contact Pitapitusa franchisor?
Apart from its online form, other ways of reaching the franchisor include calling its mobile number on 208.765.3326 or email it on [email protected].
Does Pita Pit have financing?
Pita Pit provides financing to cover several areas of its operations. However, such financing isn’t provided in-house. Rather, it is made possible through its partnership with third-party financing sources. These offer to finance covering multiple areas like payroll, accounts receivable, the franchise fee, start-up costs, equipment, and inventory.
Is Pita Pit a franchise?
Calling it the Fresh Thinking-Healthy Eating opportunity, this restaurant franchise considers itself the future of quick casual food service. The Pita Pit franchise is seeking to open franchise units across the world with interested investors being a key focus of this expansion drive.
