Pizza Franchise Opportunity Costs and Fees
What are the financial requirements to open a franchise?
Hungry Howie’s Pizza net worth and capital requirements for a new franchise are:
- $100,000 liquid
- $300,000 net worth
- Credit score above 700
- Ability to obtain financing for up to $275,000
These are minimum requirements and do not represent the total potential costs to open and operate one or more franchise locations.
What is the franchise fee?
The franchise fee is $25,000.
We do discount the franchise fee by 50% for qualifying owner/operator veterans to thank them for their service
What is the royalty fee?
The ongoing royalty fee is 5.5% of gross sales.
What are the marketing and advertising fees?
You will contribute 6% of your gross sales for marketing and advertising fees for your pizza franchise(s). Currently, this is divided so that 1% of your gross sales is allocated for national marketing and 5% for local marketing. You’ll spend an additional 1% on community marketing.
How much does it cost to build a Hungry Howie Franchise?
Actual costs may vary, but it typically is between $228,300 and $475,000to build and open a franchise location.
Does Hungry Howie’s offer financing for franchise opportunities?
We do not offer financing, however, we can direct you to sources that have provided financing to other franchisees. Additionally, we are on the SBA's Franchise Registry list, which means a a streamlined review process when you apply for an SBA loan.
Will you help me find a site for my store?
Our development team will work with you to locate the best possible site that’s available within your market.
Am I required to reside in or near the area I'm interested in developing?
Franchise owner operators usually reside within a 30-mile radius of their location.
Who would I speak to about submitting a potential real estate site?
If the site meets the following criteria, please contact Jennifer Jackson at firstname.lastname@example.org.
- 1400 – 1600 square feet
- High visibility
- Strong ingress/egress
- End cap preferred
- Minimum 5,000 households in a 1 mile radius around site
- Grocery, QSR and/or dry cleaner co-tenancy
What to Expect as a Hungry Howie’s Pizza Franchisee
How long does it take to open a franchise?
Typically, it takes between 9 and 12 months from the time you sign a franchise agreement to your opening. Each market and store is different, though, and the time it takes to open a unit depends on many factors, including franchise site selection, lease negotiation, build-out time and requirements, permitting, and training.
Is training provided?
The franchise has an initial training program and also offers ongoing training to franchisees.
- You or the owner operator will visit our Michigan headquarters and nearby franchise location for four weeks of classroom and on-the-job training.
- After you open, in-store consultants spend two weeks in your store
Does Hungry Howies' provide all food and products to its franchisees?
Hungry Howie’s Distribution and Roma Foods are the vendors that provide all food and products to our franchisees. They provide quantity discounts to improve the franchisees bottom line.