Best Pizza Franchise Opportunities in 2015
Tasty, classic, and lucrative, pizza franchises should definitely be considered if you want to open a food franchise. Pizza franchise opportunities are incredibly fast-growing, and are definitely not going to leave American’s diets any time soon. (Imagine your life without pizza!) To get you started, we’ve listed some of the best pizza franchises below, so you can start comparing your options today.
Pizza Franchise Opportunities in the USA
It seems like, not too long ago, the only really big pizza franchises out there were Pizza Hut, Dominoes, Little Caesars, and Papa Johns. These franchises have certainly continued massive growth across the USA, but it turns out that there are lots of different pizza franchises that are expanding these days.
Take a look at the top 40 pizza companies by the number of locations, courtesy of PizzaToday:
The Top Pizza Franchises
- Liquid Capital Required: $100,000
- Net Worth Required: $400,000
- Investment: $246,995 - $333,795
- Liquid Capital Required: $75,000
- Net Worth Required: $150,000
- Investment: $12,000 - $75,000
- Liquid Capital Required: $44,000
- Net Worth Required: $250,000
- Investment: $219,750 - $454,000
4. Buck’s Pizza
- Liquid Capital Required: $50,000
- Net Worth Required: $50,000
- Investment: $160,000 - $340,000
You can also learn more about the pizza franchise industry as a whole by checking out our pizza industry report.
Click any of the links above to see a full profile of the pizza franchise
4 Business Functions Changing to Reflect Social Networking and Learning
Consumer social networking sites are not only transforming how people live their daily lives, they are also influencing several business-related functions. More and more of these socially-enabled tools, platforms, and best practices are fundamentally changing the way companies handle data, manage customers, and perform market research. Businesses can harness the power of socially-enabled tools that promote collaboration and eliminate departmental boundaries that might inhibit innovation. We aren’t talking about the need for small business to have and manage their own social media accounts. At this point, such initiatives should be a given. The focus is on ways social sharing is altering business processes at a core level, transforming how people “work.”
How Do You Pay for a Franchise?
Whether you’re purchasing a whopper from Burger King or joining the Burger King franchise system, the old mantra holds true: there’s no such thing as a free lunch. When you first get started running a franchise you need to pay a fee to allow you to enter into that franchise. These fees are the largest fees that you will normally pay a franchisor and typically range between $5,000 and $1,000,000 depending on the franchise. The franchisor charges this fee as a way to recoup the costs of expanding the franchise and to continue to grow. From a franchisee perspective, this is a major outlay and can take a long time to make back, but is a necessary step. Aspiring business owners must understand how much capital is available to them so they can ascertain how much they can afford. The cash you have at your disposal is known as liquidity, and there are numerous ways to increase your liquidity above the balance in your bank account. As a result, many people don’t realize how much capital they actually can use for investments, like launching a franchise branch. We’ll run through some of those methods below.
MinorityFran Changing the Game for Minorities in Franchising
As far as the incentives go, there are three main categories that franchisors tend to work with when they're looking to increase access to their systems for minorities. The most popular method used, by far, is to offer discounts on initial franchise fees. The second most popular incentive offered to minorities by franchisors is financing assistance and other discounts to help pay off the sizable franchising fees that new franchisees incur. Finally, in rare instances, franchisors offer minority franchisees administrative and development support above and beyond what they provide to the non-minority franchisees in the system. Here is a list of franchises that have gone the extra mile to reach out to minorities looking to get involved in franchising.