PIZZA HUT Franchise Cost and Opportunities
Do you know how much franchising a Pizza Hut cost? Pizza Hut is not a chain that needs much of an introduction like that. It is considered the world’s largest Pizza Company and has its origin in Wichita, Kansas.
Though the most ordered food item on their menu is pizza, they also have on offer a wide range of pasta, sides, wings, desserts, drinks and calzones.
The brand has established a very good reputation for themselves through the delivery of a superb customer experience with great quality and prices. Due to its popularity and quality service delivery, a lot of entrepreneurs are interested in how much is a Pizza Hut Franchise?
ABOUT THE COMPANY
Pizza Hut operates and franchises pizza restaurant chains. The company’s major activity is the operation, franchising, development and servicing of single-purpose Pizza Hut restaurants. They offer a wide range of services as family eat-in, delivery services, carryout, pasta and other Italian menu.
GUIDE: CICI’S PIZZA FRANCHISING
The origin of the company started in the year 1958 when Frank and Dan Carney, of whom where students at the Wichita State University, got a loan of about $600 from their mother and bought a 2nd hand equipment and then went ahead to rent a small building at a road junction in their town. It was at that point that the first Pizza Hut was opened.
Pizza Hut is owned by Yum! Brands Inc, which are the parent company to Kentucky Fried Chicken, Taco Bell, Long John Silver’s and A&W Restaurants. They are considered to be the world’s largest pizza restaurant chain and they have more than 6200 restaurants across the United States and about 4000 restaurants on other countries of the world. They have a presence in about 100 countries of the world.
The company has been into the Pizza business for over 50 years, serving original pizzas available in a wide variety of crusts. Being the first national pizza chain, they have enjoyed constant growth and expansion over the years. The Pizza Hut Franchise model is a very lucrative one and will benefit any potential investor that wants to have a deal with them.
DOES PIZZA HUT SELL FRANCHISE?
A lot of people want to know if Pizza Hut Sell franchise. Yes they do and it is quite lucrative to buy into their franchise opportunity. They are the pioneers when it comes to Pizza delivery in the nation and so have the name and brand that is quite popular among pizza lovers.
HOW TO BUY THE PIZZA HUT FRANCHISE
Pizza Hut takes the selection of their franchisees so serious and for you to be considered into the Pizza Hut Franchise system, you will be expected to possess a solid restaurant and management experience. Franchisees will be expected to launch at least two pizza locations and have the potential of opening up to five different locations over the years.
As a Pizza Hut Franchisee, you will be expected to undergo a training program that will span for a period of two months. It will interest potential franchisees to know that Pizza Hut is currently particular about growing franchises in Washington, New York, Rhode Island, Massachusetts and New Hampshire. So you might want to consider opening your Pizza Hut Franchise store in any of these stated locations.
WHAT IS THE COST OF PIZZA HUT FRANCHISE?
If you are to consider going into business with Pizza Hut, then you would do yourself a lot of good considering the financial implication of setting up a Pizza Hut Franchise. You might want to know the cost of Pizza Hut Franchise.
The initial investment that is required to open a Pizza hut franchise will be within the range of $300,000 to $2,000,000 and then you are expected to have a net worth of about $700,000 and also liquid assets up to the tune of $350,000
WHAT IS PIZZA HUT FRANCHISE FEE?
The Pizza Hut Franchise fee will go for $25000 an this is for a 20-year agreement, which is renewable after the first 20 years have elapsed. You will also be expected, as it is with other franchises, to make a royalty fee of 6% on all sales to the company and also an additional 3% which will be geared towards advertisements.
PIZZA HUT FRANCHISE UNIT TYPE
You will need to understand that Pizza Hut offers franchises in different types.
- The Red Roof restaurants: In this type of unit, pizza and so many other products that are approved by the Pizza Hut Brand are sold in eat-in and carry-out consumption and this are delivered off the premises to other locations.
- Delivery Restaurants: Products that are approved are delivered to off-premises locations
- Delivery/Carryout restaurants: Products that are approved by Pizza Hut are sold to be carried out and delivered for outside or external consumption.
DOES PIZZA HUT OFFER FINANCIAL ASSISTANCE?
The Pizza Hut Franchise does not offer any form of financial assistance to the franchisees. What they do is to connect the franchisee with third-party lenders that will offer financial assistance if there is any need for that. However, they do not serve as guaranty ob behalf of the franchisees.