How much does it cost to buy a Pizza Hut franchise?
The franchisees are free to acquire one or more existing system restaurants from Pizza Hut, or one of its subsidiaries, or may construct a new restaurant. Pizza Hut has the franchise fee of up to $25,000, with total initial investment range of $302,000 to $2,185,500.
How much does a Pizza Hut franchise make per year?
How much does a pizza hut franchise owner make? How Much Profit Does Pizza Hut Store Actually Make? Franchise owners make an average profit of $100,000 per year. However, the end profit margin ends up being only 3%-7% of annual store sales due to all the fees franchisees have to pay to their corporate headquarters.
What does the franchise fee cover for Pizza Hut?
There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few. Some franchises may have a weekly fee that the franchisee pays for operating a Pizza Hut LLC franchise.
How much does it cost to start a pizza franchise?
Pizza Hut: $295,000-$422,000
- Minimum net worth: $700,000
- Minimum liquid assets: $350,000
- Initial franchise fee: $25,000
- Royalties: 6% of gross monthly sales
- National advertising: 2.5-3% of gross monthly sales
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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.
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.
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.
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 .
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.
Does Pizza Hut plan to sell any company-operated restaurants in my area? Can I get a list of all the restaurants available for sale?
Pizza Hut may sell existing company-owned restaurants to existing or new franchisees. Given that these restaurants are operating today, we do not issue a summary list of what is available. If you are qualified as a franchise candidate and have indicated that you would like to buy restaurants in a specific geographic area, we will determine if we have restaurants for sale that meet your request.
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.
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 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.
How much does it cost to buy a Pizza Hut franchise?
The total investment to buy a Pizza Hut franchise ranges from $297,000-$563,000 and offers a number of different business models from which to choose. The most cost effective is the In Line/End Cap “Delco” Delivery / Carry Out Restaurant. You can refer to Pizza Hut's Item 7 of the FDD for the estimated initial investment for other business models. Pizza Hut franchisees must be "hands-on" with the business.
How long does it take to get a pizza hut certified?
The training program ranges from 8 – 12 weeks and is conducted in a certified training restaurant in Dallas, TX. Pizza Hut pays for the cost of the training. Franchisees are responsible for all other costs including travel and lodging of the management team. Please refer to Item 11 of the FDD for specific information.
What is the largest pizza company in the world?
What started out as a small pizza place in 1958 is now a pizza restaurant powerhouse. Pizza Hut is the largest pizza company with more than 6,300 restaurants and 125+ franchise owners and is under the umbrella of Yum’s restaurant brands which also includes KFC and Taco Bell.
How much does it cost to open a Pizza Hut franchise?
Franchisees will pay a $25,000 initial franchise fee, a development services fee of up to $35,000 and various other development fees. Pizza Hut must approve the site you choose before you can build the restaurant. It has up to six months to grant approval, and then you have up to a year to open.
How much does it cost to build a Pizza Hut?
New franchisees can opt to pay Pizza Hut a fee to complete the construction process. The company can also provide franchisees with a list of general contractors who have experience constructing Pizza Hut restaurants. Pizza Hut estimates that building and site improvements cost $125,000 to $200,000.
How long does it take to get a Pizza Hut license?
You (and/or your key operator) must complete a Pizza Hut training program at a certified restaurant in Dallas, which takes eight to 12 weeks. While Pizza Hut covers the cost of the training, franchisees must pay for travel, lodging and other expenses associated with attendance. Pizza Hut also offers advertising campaigns that can help drive sales for some new restaurants.
What does Pizza Hut look for in a candidate?
The company looks for candidates who have owned successful restaurants or retail businessesin the past, or have experience managing restaurants. You must demonstrate a growth mindset and passion for operations.
Does Pizza Hut have a FDD?
Determining whether this is a worthwhile investment can be tricky. While Pizza Hut does offer information on financial performance in its Franchise Disclosure Document (FDD), it does not make any promises about the profit percentage you should expect. The company recommends that potential franchisees “conduct their own independent investigation to determine potential sales and profit levels.”
Is Pizza Hut a sponsor of the NFL?
Pizza Hut has decades of experience selling pizza and has restaurants in more than 100 countries. It also became the official pizza sponsor for the NFL in 2018. While the brand is recognizable, Pizza Hut’s recent sales haven’t been as robust year over year as those at other names in the portfolio of Yum Brands, a public company. Same-store sales at Pizza Hut in 2018 were even to those in 2017, while Taco Bell saw 4% same-store growth and KFC was up 2% in the same time period.
Is the brand accepting new applications for franchises?
The brand is accepting new applications for franchises, so keep reading to find out more about the costs of buying a franchise and how to finance one.
What is Pizza Hut franchise?
The franchise is for a business that operates Pizza Hut restaurants offering primarily pizza, pasta and other Italian-style food items and WingStreet chicken products and side dishes. The franchisor currently offers franchises to operate three types of Pizza Hut-branded units at specific locations:
How long is a franchise agreement?
Term of Agreement and Renewal: The length of the initial franchise term is typically 10 years. Franchisees can enter into two consecutive Renewal Franchise Agreements for a term of five years each, if they meet certain requirements.
What is a protected radius for a franchise?
Territory Granted: The franchisor will grant franchisees a protected radius consisting of 500 yards surrounding each of their system restaurant (protected radius). Subject to the franchisee’s compliance with all brand standards, their fulfilling delivery orders to national, regional and institutional accounts and their providing adequate delivery service throughout their delivery area (s), the franchisor will not develop or operate, or allow any other franchisee or licensee to develop or operate, at the location or within the protected radius, a system restaurant that is the same as the type of system restaurant concept that the franchisee operates at the location. In addition, the franchisor will grant franchisees a specified delivery area for each system restaurant they operate, within which they may deliver the approved products.
What is a RBD pizza?
Restaurant-Based Delivery (RBD) System Restaurants, from which “Pizza Hut” pizza and other products approved by PHLLC are sold for dine-in and carryout consumption and may be delivered for off-premises consumption;
Does a franchisor offer financing?
Financial Assistance: Except as described below, the franchisor does not offer, directly or indirectly, any arrangements for financing a franchisee’s initial investment or the continuing operation of their restaurants. Even if franchisees meet all of the requirements set forth for the programs, the franchisor may decide to not permit them to participate in either lending assistance program. The lending programs can be discontinued at any time.
Does Franchise Direct sell your information?
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Do franchisees have to be approved by PHLLC?
Each of the qualified operators must be approved by PHLLC, and such approval shall not be unreasonably withheld. Franchisees must sell only and all approved products that the franchisor designates as standard for the type of system restaurant franchisees operate unless it otherwise agrees in writing.
