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Pizza Hut
Pizza Hut is a leading American restaurant chain. Though pizza is unsurprisingly the most ordered food item on the menu, the menu also features a wide selection of pasta, wings, sides, desserts, drinks, and calzones. Customers love Pizza Hut’s reliable quality and prices, and the brand has established quite a reputation for itself as a result. Pizza Hut has two main restaurant designs: original dine-in locations and storefronts that offer only delivery and carryout items. Many of the dine-in restaurants offer all-you-can-eat lunchtime buffets. More about the cost of owning a Pizza Hut franchise below.
Facts & figures
Pizza Hut selects franchisees with solid restaurant or retail management experience. Owners must commit to opening at least two locations and ideally have eyes to open at least five Pizza Huts in as many years. Selected Pizza Hut franchisees will complete a training program in Dallas, Texas for over two months. Currently, Pizza Hut is particularly focused on building and growing franchises in New York, Massachusetts, Washington D.C., Rhode Island, and New Hampshire.
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Pizza Hut Franchise Opportunities - History
Frank and Dan Carney founded Pizza Hut in Wichita, Kansas in 1958. Since this time, Pizza Hut has grown exponentially. The restaurant chain now has over 6,000 Pizza Hut franchises in the United States, plus another 5000-something abroad in nearly 100 other countries.
Pizza Hut Franchise Fee, Initial Investment and Networth Required
Pizza Hut has a franchise fee of $25,000 for a 20-year agreement, although the total initial investment ranges between $297,000 and $2,109,000. Additionally, Pizza Hut franchisees must pay the company ongoing royalty fee of 6% on all sales, as well as an additional 3% to be applied toward national marketing efforts. To purchase a Pizza Hut franchise, interested parties must have a net worth of at least $700,000, with at least half of that amount available in liquid assets.
Pizza Hut Franchise Business Opportunities: Other Information
In the United States, pizza is a whopping $30 billion business. Pizza is America’s favorite dinner option with 93% of citizens having pizza at least one each month. 60% of pizza in America is purchased from franchised pizza chains.
