MOD PIZZA Franchise Cost and Profit Margin – Review
Here is all you need to know about Mod Pizza franchise cost and requirements to open one in your locality?
This article is for people who are interested in becoming one of MOD Pizza franchisees. If you are one of them, then you will find the information contained in this article useful towards assisting you to sign up as one of MOD Pizza’s franchisees.
This article is only to provide you with information regarding MOD Pizza franchise and not to convince you to buy into their franchise. The decision to start a MOD Pizza franchise or not is left for you to decide.
Made on Demand (MOD) Pizza is a fast casual pizza restaurant chain that was founded in 2008 in Seattle, Washington, United States. The company focuses on offering products to customers such as pizza, salads, etc. Today, there are more than 200 locations of Mod Pizza franchise distributed in both the United States and the United Kingdom.
Who is the owner of Mod Pizza? How many locations does MOD Pizza have? How much does a mod pizza franchise make? Do you need a sample mod pizza franchise disclosure document? What are the average mod pizza sales and revenue per store? how many mod pizza locations are there and where are the franchise locations?
This article contains details such as how much a MOD Pizza franchise store costs, the required franchise fee, the required total investment startup capital, the available training and supports, the terms of agreement and renewal, and how to start a Mod Pizza franchise.
About MOD Pizza Franchise Information
Founded in 2008 by Scott and Ally Svenson, MOD Pizza specializes in offering pizza, salad, and milkshakes to their customers. The goal of the company is to grow the restaurant business beyond the normal conventional restaurants. The motivation behind why they do what they do is to establish a lasting impact on the lives of their team members.
Their culture is not to build a franchise system with a large number of franchisees, rather, it is to form an alignment with a small team of franchisees that are very willing to help them strengthen and better the business.
MOD Pizza considers itself as a company that is more people-oriented than it is pizza-oriented. The focus of the company is to make sure the living wages of employees are paid so as to ensure they give back to the society.
MOD Pizza focuses on offering its customers classic pizzas (10), a seasonal pizza as well as a pizza salad. The salads and pizza offerings come in three different sizes, and customers are allowed to choose whatever toppings they want, all for the same amount.
Also, the restaurants serve customers fountain drinks, wine, beer, hand-spun milkshakes, etc. Customers only have to specify the types of ingredients they want, and then they just have to watch as the preparation is done.
MOD Pizza franchise is looking for prospective franchisees that are fully aware of what it takes to win and become productive in the industry. Also, prospective franchisees must possess a track record of building a very strong and vibrant team as well as knowing how to organize a successful multi-unit restaurant organization. Lastly, Mod Pizza franchise is looking for prospective franchisees that have the commitment to surely work with them and win the right way.
So far, the company has been recognized in several ways for their contributions to the society. In 2015, they were ranked as #7 in Fortune Magazine’s 20 Best Places to Work in Retail. Also, in the same year, they received the Seattle Business Magazine’s Community Impact Award for Job Creation and Workplace Development.
How Much does a MOD Pizza Franchise Cost?
To start up a MOD Pizza shop, you will be required a minimum liquid capital which has not been fully disclosed to the public yet. However, you will be required a total investment sum of a minimum of $617,000.
MOD Pizza Franchise Fee
Before you can fully be approved as one of MOD Pizza franchisees, you must be able to fulfill one of the major parts of the financial requirements, which is the franchise fee. The initial franchisee fee amounts to $30,000. Ongoing fees come as royalty fee which amounts to 5%, as well as ad fee which amounts to 3%.
MOD Pizza Franchise Startup Cost
Now that you are very interested in starting up a MOD Pizza franchise, it would cost you a total investment sum which ranges from $617,000 – $869,000. Also, you must have a net worth of $5 million or more.
MOD Pizza Franchise Membership Training, Requirements and Support
As a MOD Pizza franchisee, you will enjoy the following as benefits:
- You will be given the necessary training that is required for you to blend into the team.
- You will receive ongoing support from the franchisor from time to time in terms of marketing and other aspects of the business.
- Financial assistance is not available to franchisees, whether direct or indirect.
MOD Pizza Franchise Application and Terms of Agreement
The franchise terms of the agreement of MOD Pizza stipulates a ten (10) year initial franchise agreement. Renewal is dependent on how well you perform during this period.
How much does a MOD Pizza Franchise Make?
The amount of money you could make from a MOD Pizza franchise is dependent on several personal factors such as your location or state, labor cost, size of the shop, commercial lease rates, as well as several others.
How to Open a MOD Pizza Franchise
Once you have indicated your interest to become one of MOD Pizza franchisees, then it is important you visit the company’s website at www.modpizza.com and completely fill and submit the online application form. Ensure you input the correct information.