The costs of opening a franchise will vary based on the type of business. As one of only a few low cost franchises, Hungry Howie’s start-up costs are between $253,075 and $453,850. The net worth requirement for franchisees is $300,000 and liquid cash requirement is $100,000.
Furthermore, the ongoing royalty fee is 5%, which is less than many other franchises.
If you’re considering getting into the pizza business, it is important to research which pizza chain is right for you.
Pizza Franchise #1
Ranked as one of the top 5 pizza franchises in the nation, the initial investment begins at $297,000 and could be as high as $2.1 million. Franchisees must have a net worth of $700,000. The ongoing royalty fee is 6% and advertising royalty fee is 4.25%. The company’s franchise 500® rating by Entrepreneur has actually dropped since 2008.
Pizza Franchise #2
This company has been franchising for 34 years and the initial investment costs are between $279,000 and $492,000. It requires a net worth of $275,000 and the ongoing royalty fee is 5%.The chain’s franchise units have expanded over the past few years.
Pizza Franchise #3
Another popular pizza franchise that has shown continued growth, the initial investment starts at $129,900, but could go as high as $844,000. The net worth requirement for franchisees is $250,000. Unfortunately, the advertising royalty fee is 8%, which is a bit high when compared to other pizza franchises. The franchise requires about 20 employees per location.
Pizza Franchise #4
A company with steady growth and franchise rank history, pizza franchise #4 requires an initial investment between $224,000 and $549,000. Franchisees’ net worth must be $350,000 and the ongoing royalty fee is 5.5%. This pizza franchise also requires about 20 employees to run the franchise.
Pizza Franchise #5
This fairly new pizza chain has been franchising for 26 years. Initial investment is between $450,000 and $630,000. Franchisees must have a net worth of $1.5 - $2 million. The ongoing royalty fee is approximately 8%.
Based on other franchises, Hungry Howie’s has one of the lowest initial investment requirements and net worth requirements.
Take the next step and contact Hungry Howie’s to learn more about what it takes to open your own pizza franchise location.