Contact us to unlock your franchise's page to add content and get leads! Hungry Howies offers a 50% discount for qualifying owner/operator veterans to thank them for their service. A company-owned location brings in a slightly higher average of $966,460 in annual revenue. The company recently built a 9-story $150 million headquarters building in Detroit. in more than 15 states. Ongoing Royalty Fee: 8 - 10% Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. Click here to get a new food business case study with revenue numbers delivered each week. There are several costs associated with opening a Jets Pizza franchise. High traffic-High Income location near five country clubs, movies, office parks, thousands of residences, tons of schools and churches including Perimeter Church that has over 12,000 members. MOD Pizza Franchise Fee: $30,000 5. Fill out the form below to get more information about Jet's Pizza franchise and we'll be in touch soon! The estimated investment required to open a Jet's Pizza Franchise is between $437,500-$631,000. The company also charges a one-time franchise fee of $25,000 for new restaurants. What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. Around 1.46 million people get employed in this industry. After that, YOUVE GOT THIS AND WERE HERE TO HELP WITH TRAINING, OPENING ASSISTANCE, CONTINUING ASSISTANCE. Jet's America, Inc. (doing business as Jet's Pizza) is an American pizza franchise restaurant. We will guide you through our project management process from start to finish. If youre looking for a pizza chain to franchise and if youre eyeing something different than the usual suspects, check out Jets Pizza. This is significantly lower than the midpoint investment of $675,000. Click here to get a new food business case study with revenue numbers delivered each week. The presence of other Food and Beverage stores; the extent of market penetration and brand awareness that Jets Pizza stores have attained in your market. Customer service is our number one priority. Here's how franchisees can tap into consumer behaviors using strategic messaging and offers that speak to clients wants and needs. Dominosis the king of pizza, both in terms of global sales ($13.5 billion) and the number of locations (over 17,000). If you're craving a Detroit-style Deep Dish, try our 8-Corner pizza. Opening a Blaze Pizza Franchise will get you access to the brand, recipes & procedures, vendors, training, store build-out & trade dress, website, social media, online ordering, gift card program, etc. franchise owners who will be committed to the business, and who will be of gross monthly receipts is paid to the company. Jets Pizza has fairly good reviews from customers and franchisees but employee reviews from Glassdoor says that that some of the cons of working for Jets is that they offer low pay for such a demanding position and that the base pay is minimum wage. Jet's Pizza location to the consistency demanded by corporation standards. It was founded in 1978 in the Detroit suburb of Sterling Heights, and operates primarily in the state of Michigan . Cici's Pizza Franchise Fee: $30,000 4. Browse 1000s of reports on 1000s of franchise systems. Youre encouraged to spend an additional 1% on community marketing. New FDD Document for JETS PIZZA franchises. The Food and Beverage industry in the USA accounts for 13% of all manufacturing employment in the country. The company has grown from its first store in Sterling Heights, Michigan, to over 350 locations A minimum of 200 hours in training are required per person. While this may be the business for you, make sure also to check out other companies offered on Vetted Biz and in the Food and Beverage Industry. A royalty fee of 8-10% of gross monthly receipts is paid to the company. The Jets Pizza concept of franchising began in 1990 and has grown to more than 100 franchises throughout Michigan and Florida. TrainingOn-The-Job Training: 270 hoursClassroom Training: 30 hours, SupportNewsletterMeetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform, MarketingCo-op AdvertisingAd TemplatesRegional AdvertisingSocial mediaSEOWebsite developmentEmail marketing, International franchisees required to buy multiple units/master licenses; 0% of all franchisees own more than one unit, Number of employees needed to run franchised unit: 15, Absentee ownership of franchise is NOT allowed. You will then be interviewed if you pass the initial criteria to become a franchisee. With over 5,000 establishments,Papa Johnshad a gross profit margin of over 33% in 2019. Wednesday, March 01, 20238:21:12 PM - 1676 Users Online, The estimated investment required to open a, Entrepreneur Magazine has consistently ranked, While the quality and taste of the food is number one for, Pizza should be fun, says John Jetts. Pizza Hut has a good reputation for taking care of its employees and store owners. Hungry Howies claims to be the Home of the Flavored Crust Pizza as it was one of the first pizza chains to create flavored crusts, which it launched back in 1985 with eight different flavors. What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. Pizza is always a good business. Jet's Pizza 37 years . You will meet and work closely with our advertising department to execute your marketing plan. Definition: A discount or other incentive offered to military veterans who buy a franchise with this company. An initial investment to start a franchise ranges from $239,000 to $472,000. corporation has expanded to more than 200 locations in Michigan, Alabama, One thing that will never change is their commitment to quality ingredients. Gatti's Pizza Franchise Fee: $5,000. But they can also flavorize their crust which not many pizza places do. In fact, a survey conducted by CiCis Pizza found 33% of respondants eat pizza at least once per week. The restaurant also offers Opening a MOD Pizza franchise will allow you access to recipes, training, vendors, social media, website, gift card program, online ordering, and more. Here are all of the ways you can find Jets Pizza online. Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses. Contact the Seller. Read our This restaurant has proven profitability in economic booms and recessionary cycles alike. We also have fresh salads and wings. We reserve the right, at your cost, to require additional training until you meet our standards for the operation of a franchise. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations. The Term Jets Pizza uses Mama Jetts pizza sauce to this day which they claim is a secret recipe. Almost all of Jets Pizzas locations are operated by franchisees. Furthermore, they must be able to obtain financing to cover the costs of starting the business. Along with his brother and partner John, they opened the doors to Jetts Party Shoppe & Pizzeria in Sterling Heights, MI. This is why Dominos Pizza is the best pizza franchise to buy. Papa Murphy's Franchise Fee: $25,000 8. We offer detailed franchise research and contact data reports. . numerous accolades, regularly receiving Readers Choice awards, and being This list can be a huge help when trying to collect accurate testimonials and reviews of a franchise opportunity. The company was founded by Italian immigrant Pasquale Pat Giammarco and is the only major American pizza chain to be started by a native Italian. Since the amount of additional support that a franchise requires varies from location to location, Jets reserves the right to charge a set per diem rate for providing additional support, and to be reimbursed for costs incurred. The Franchise Mall makes every effort to For those with dietary restrictions, Jets Pizza also offers cauliflower crust pizzas and gluten-free ones. total estimated startup investment ranging from $365,000 to $425,000. We cut vegetables every day. Performing this action will delete your account. Here are some of the most affordable pizza franchises based on franchise fees charged to franchisees. Have another you think we should add to the list of best pizza franchises? 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. This includes help with site selection, ordering equipment, a point of sale system, signage, etc. A complete PDF copy of the latest Jets Pizza Franchise Disclosure Document. Recently ranked among the "Top 500 Franchises" in Entrepreneur magazine, Jet's Pizza focuses on high-quality food that tastes great, but it also operates on the belief that "pizza should be fun.". This Uniform Franchise Disclosure Document Report includes the JET'S PIZZA franchise agreements, JET'S PIZZA executive business experience + much more. 5 Tips for First-Time IFA Convention Attendees, How Franchisees Can Use Technology to Change Consumer Behavior. Some franchises may have a weekly fee that the franchisee pays for operating a Jets Pizza franchise. If you move forward with opening a Jet's Pizza franchise, you will participate in training on operating and opening your franchise. MOD Pizza is known for its artisan pizzas with 3-minute bake times in 800-degree ovens. Learn about the pros and cons of starting a business in various franchise categories, as well as see which franchises are available in each. Our listings and rankings are solely research tools you can use to compare opportunities. who opened their first restaurant in Sterling Heights, Michigan. The first Jet's Pizza was opened in 1978 by brothers Eugene and John Jetts in Sterling Heights, Michigan. The annual growth rate in the industry is around 2% and the EBITDA multiplier is around 3x. RE: Jet's Pizza Franchise-Profitable-1 Owner 10 Years Broker: Steve Josovitz. At the moment we can not connect you to the representative of this franchise. Its the kind of pizza brand you want to franchise thats the important thing to think about. When you go to sell a franchisebased on the median multiple of .55 and net sales in 2021 of $895,561, it would sell for $492,558. For more information about how to . The numbers and supporting information regarding Cicis and the amount of money they make can be difficult to find and misleading. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. A royalty fee of 8-10% of gross monthly receipts is paid to the company. To open a Papa Johns restaurant, potential franchisees must have at least $250,000 in net worth and have the ability to obtain financing of up to $275,000. Franchisees must allocate 4-6% of their net sales (depending on the rate of profitability of the store) to an ongoing royalty fee. Florida, Georgia, Illinois, Indiana, Kentucky, Minnesota, North Carolina, Jets Pizza offers several support options to its franchisees. Founded in 1959 by Mike Ilitch, and franchising since 1962, isLittle Caesars. As of 2017, Jet's Pizza had 312 franchises and 24 company-owned locations in 20 states. Save my name, email, and website in this browser for the next time I comment. Here are a few of them. Also, Papa Murphys emphasizes the freshness of its ingredients, noting its stores do not have freezers, the dough is made fresh from scratch daily, 100% whole-milk mozzarella cheese is grated daily, and veggies are hand-sliced. Jet's Pizza offers 275 hours on the job training, 25 hours classroom training, and No additional training. $350,000 to $1,500,000. Official Jets Pizza Franchise Agreement &other franchisee contracts. To open a Hungry Howies of your own, follow the application process on theirwebsite. Fourteen years later, a corporation was formed with James Galloway, Jr. and Jeff Galloway. Jets Pizza does not offer financing but they do have connections with a Network of Lenders which they can hook you up with to help you in acquiring the loan you need to get your franchise. It was the first of the new fast-casual pizza chains to hit 50 locations at the end of 2014 and then went on to be the first to hit 100 units and $100 million in sales. To calculate how much income a franchise owner can do at Jet's Pizza Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. The first Jet's Pizza was opened in 1978 by brothers Eugene and John Jetts in Sterling Heights, Michigan. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few. Net Worth. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. Eugene Jetts was 23 years old and on his way to buy a house when he drove by a party store on 14 Mile Road that was for lease. Jet's is known for its square deep-dish Detroit-style pizza, including the 8-corner pizza which the company has trademarked. In addition to startup costs listed above, Jet's Pizza requires 10% in royalty fees. Little Caesers Pizza brings in a lot of money with their notorious, Pizza Pizza if you would like to join, you can follow the application process on theirwebsite. Jet's Pizza Franchise Fee: $20,000 3. Do you currently own a one on the list? Here are the support options offered by Jet's Pizza. Net-worth Requirement: $750,000 - $1,500,000 Theyve been around for 40 years and are one of the pizza places in America thats best known for being founded by an Italian. The secret to Dominos success has a lot to do with ordering technology. This is everything you need to know about funding a franchise. Sterling Heights, MI We'll help you quickly build your franchise ownership profile, then present you with a personalized set of franchises you could open! Definition: A ongoing fee paid to the franchisor on a regular basis. $500,000. Franchisees should have at least $75,000 in liquid cash available and must have a net worth of at least $250,000. 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