Food Franchise

Archive for the ‘Pizza Franchise’ Category

Domino’s Pizza Inc was first founded by the Monaghan brothers in 1960. During that time, it was named as DomiNick’s. With a low budget capital, both brothers sought out to make their company a leading pizza company.

However a year later, James Monaghan sold all of his shares to his brother, Tom, for a Volkswagen Beetle. Five years after the selling of shares, the name company was renamed as Domino’s Pizza.

Complementing their pizza with delectable side dishes, Domino’s Pizza also concentrated on delivering their delivery on time. This trend became a hit with the locals to the extend of opening new franchising companies in the later years. This move proved to be a successful one as it cash in royal payments and revenues.

Domino’s Pizza well planned marketing strategy was their main reason to their success. Categorising their operation into three different subsidiaries, Domino’s Pizza was a company to be reckoned with.

They were wise to have a subsidiary to manufacture and distribute their production to further compliment their franchisee stores nation wide. Their distribution and production center were strategically placed in order to cover the franchisee stores in their vicinity.

In total they have seventeen regional dough manufacturing and food distribution centers. One distribution center to provide equipment and supplies to certain parts of their domestic and international stores and one vegetable processing distribution center.

With great financial status, they have made a name of themselves as they became official pizza of NASCAR and the official pizza of Michigan International Speedway in 2006.

In 2004, Domino’s Pizza Inc, began their stock trading on the New York Stock Exchange (NYSE) under the new ticker symbol “DPZ.” Currently the price of DPZ is tagged at USD$12.88 with a market capacity of 768.00M as of 7th March 2008.

They have also launched a few charity organisations to support the needy, the physically disabled and also the victims of natural disasters. Such organisations are Pizza Donations and The Partners Foundation.

After forty-eight years of pizza making, they have successfully managed three thousands international franchising stores and five thousands domestic stores. As of January 1, 2006, they have also successfully ended their annual income with USD$1,511,597,000 and had an approximately of 13,500 employees.

Pizza Hut is one of the most famous fast food franchises in the world and this success is reflected in the cost and content of its franchise opportunity. Like Long John Silver’s and KFC, Pizza Hut is one of the franchise chains that has been taken over by Yums and therefore franchisees are able to take advantage of the benefits that attached to a large multi-national corporation.

As the name suggest Pizza Hut specialises in the sale of pizza, either for consumption in their restaurants or as a take away or home delivery. The company states that it is part of the largest restaurant chain in the world and that Pizza Hut itself has a global presence of in excess of 20,000 franchisees.

As part of the Yum group of franchise chains, the costs and financial expectations required of a potential Pizza Hut franchisee is similar to the other in the group, including those mentioned above. In this respect, to include the cost of the design, renovation and purchase of the outlet premises, there is a requirement for a total investment of up to $1 million depending upon the size and location of the outlet.

The franchisee is expected to have a net worth of around $1.4 million, of which around $360,000 is expected to be liquid. They will be required to pay a franchise fee of around $25,000, although this figure is also flexible and will rise with larger units. Royalty fees are 5% and in addition to this each franchisee is required to contribute towards the corporation’s $600 million annual promotional and advertising campaign.

Full training is provided for franchisees and their employees and there is the opportunity to learn leadership and business skills at Yum’s own university, which has standards similar to those of a main line university.

The Pizza Hut has its own unique brand and this is coordinated throughout the store design, stationery and promotional material. Menus and promotional offers are controlled by the central corporation, so the amount of flexibility available to the franchisee in terms of the products they offer is limited.

A full and comprehensive help and support service is available to franchisees at all times following their franchise purchase and they can also expect to receive regular visit from the regional teams, which are designed to maintain quality and control, in addition to ensuring that the franchisee is making the correct returns from which royalty fees are calculated.

If you ever saw yourself as a Pizza outlet owner, Pizza Hut, with the backing of a multi-national organisation, is one of the better franchises in this sector.

I have been a die hard Red Sox fan for most of my life. They have always been an easy team to root for as they battle each year with the New York Yankees ( the eveil empire) and any of the other AL EAST challengers. Fenway Park is in a great location in Boston. A short walk for students from Boston University or Simmons, a quick Greenline ride for kids from Northeastern and Boston College, a Redline trip from Harvard or MIT. The walking distance from the Kenmore Square Station makes it an easy mass transit commute which is a good thing because parking in the area is a game day nightmare. They are great spots in the area for a pre-game or post game meal with my favorite being BERTUCCI’S, www.bertuccis.com in Kenmore. The pizza is great as are the salads and it is clean. Once inside Fenway you cannot help but get caught up in the history of the place. The home of Babe Ruth, Ted Williams, Johhny Pesky, Carl Yastrzemski and Baseball’s newest Hall of Fame, www.baseballhalloffame.org inductee. Jim Rice, a very quiet person who was the most domiant hitter in the AL from 1975 until 1979. His best year was 1978 but Red Sox fans will play over on their memory forever as to how the 1975 World Series would have turned out had Rice not broke his wrist in September. Losing to the Reds in 7 games was a very tough pill to swallow back then. Then again in 1978, the fateful one game playoff against the Yankees, the “Bucky Dent” game. Fans will never forgive Bill Buckner for his mishaps in the 1986 World Series, but I still do not understand how Mike Torrez could have served one up to a great fielding, singles hitter. Sensible people would not want to believe it, but did the “Curse of the Bambino” really exist ?

Back to Fenway. They have done some very nice renovations to the Stadium to enhance the product they put out of the field. Glorifed in the 2004 movie, Fever Pitch, the stadium appears to be a roomy friewndly enviroenment. friendly it is, as long as you root for the Red Sox and that is okay, it is their park. Roomy, it is anything but. If you have long legs or wear a bigger suit than a 42 you will be very uncomfortable throughout the game. The marketing genius is there, from the Green Monster seats to the open car free plaza on Yawkey Way, but once you get to your seat, it will be one of the most uncomfortable 3-4 hours you will spend.

With the curse long eradicated by the amazing teams of 2004 and 2007, Red Sox fans sit in that ancient stadium in the uniqiue position of not only rooting for the best team in baseball, but debatably the best franchise in baseball as well.

My kids are now selecting the Soz games they want to go to this summer as we plan our baseball schedule. Tight fit, no leg room, but there is no place I would rather be; watching the Sox with my kids in that old, dirty, nostalgic band box!

One of the city’s beloved Austin originals, the Alamo Drafthouse Cinemas (or simply the Drafthouse, as many Austinite’s call it) have been around since the late 1990s, when the first opened downtown on Colorado Street, as a second-run theater. To date, there are nine Drafthouses in all, with four in Austin (the newest having just opened at the historic Ritz Theater on 6th Street), one each in Houston, Katy, San Antonio, and Rio Grande, Texas and even one in Winchester, Virginia.

While only nine Drafthouses have permanent addresses, the theater’s Rolling Roadshow takes their signature films and fun to locations worldwide.

What makes it any different than your run-of-the-mill theater franchise? Well, for one (as the name implies), they serve beer. The Drafthouse offers a full menu of delicious, reasonably-priced movie-themed fare. Sure, they offer a full range of the traditional movie staples popcorn, candy but how about an order of potato skins, red pepper hummus, or chips and salsa to nibble on during your favorite flick? If you’re in the mood for a full meal, pick from any one of their sandwiches (the “Smoky and the Bacon” BLT is a great choice), pizzas (”The Godfather” is an Italian feast) or full meal salads they’ve even got a $5 Shake. To be honest the food is somewhat average but the whole experience of getting some food and watching a movie is a lot of fun.

In addition to the regular menu, the Drafthouse also has frequent movie feast specials particularly to accompany new releases featuring prix fix menus matched specifically to the film in question. The Drafthouse is known for its outrageous events, but these film feasts are some of the most popular (take the Lord of the Rings marathon movie feast, which featured all three films and a full day of hobbit-themed fare including elevensies for a whopping $100+ per ticket).

Other must-see events at the Drafthouse are the infamous Master Pancake Theater, which features comedians commenting on a wide variety of films in a Mystery Science Theater 3000 kind of way. They also host and annual Austin Air Guitar Championship, weekly prime-time TV nights for popular shows like “Lost” and 24, classic movie quote-alongs, and even music fests, like the “90s Alternative Sing-Along.” There is no limit to how far the masterminds behind Austin’s iconic theater will go to entertain (and sometimes shock) its loyal patrons.

One downside is the Drafthouse does not allow children under six (except for designated matinees), and each Drafthouse theater is relatively small. The theaters are made smaller still, by the fact that every other row of seating has been removed to accommodate the scurrying waiters who run back and forth from the theater to the kitchen throughout the show, wining and dining each happy patron.

Anyone who lives in Austin will tell you, this town is one-of-a-kind, thanks in large part to the many Austin establishments that help define the city and its character. Without these unique establishments Austin would not be the same.

Kansas City, Mo.After years of being overlooked and neglected, the Midwestern metropolitan Kansas City is reportedly seeing a therapist to counter what are being described as “feelings of inadequacy.”

Despite less crime, a larger population and simply being a more pleasant place to visit, the renowned City of Fountains has failed to get out of the shadow of its cross-state nemesis St. Louis.

Many claim that the problem stems from simply being “too damn nice.”

“Being elected as having the cleanest tap water in an American city, well that’s pleasant, but it doesn’t earn you much respect,” resident Kay Gates lamented. “In St. Louis, if you complain about the tap water, they’ll cut you with the business end of a broken Bud Light bottle.”

Others blame the city’s name, which has resulted in problems ranging from reams of misaddressed letters to hundreds of thousands of confused fifth-graders nationwide.

While many events have contributed to the recent downturn in the city’s self respect, the sports world has been especially cruel to the city. The tipping point seems to be a pitiful season start from the Kansas City Royals on the heels of the St. Louis Cardinals World Championship recent win.

Another significant sports blow came with the 1995 move of the Las Angeles Rams to St. Louis – just a year after the retirement of Kansas City legend Joe Montana – and St. Louis’ subsequent Super Bowl win in 2000. This series of events had left the western city feeling emasculated.

“I just don’t understand why Missouri doesn’t recognize us as the crown of the state. We’re better at so much,” insisted KC resident Bob Adler. “I mean, we have the whole barbecue thing going for us. All they have is toasted ravioli and pizza that tastes like cardboard. What’s so great about that?”

Adler added that, in his opinion, the Gateway Arch looked like “half of a 120-story zero.”

Therapy for Kansas City will include several steps including:

* Repeating self-affirming phrases such as “I am a unique, special and important city.”

* Visualizing itself as the state capitol

* Keeping a journal of successes

* Recruiting an NBA franchise.

When contacted for this story, the city of St. Louis was unaware of the issue, stating “Aren’t they in Kansas?”

“Devil May Cry” is a twelve-episode anime series that is adapted from the popular Devil May Cry franchise for the Playstation 2. This series looks to test out the waters to see if it could be feasible to have an anime series based off of Devil May Cry. So far, it has worked for “Viewtiful Joe” and “Street Fighter.” The series looks to take place after Devil May Cry and shortly before the events of Devil May Cry 2 as Lucia isn’t present in the series.

However, Trish from Devil May Cry and Lady from Devil May Cry 3 make appearances in the anime as they tend to be foils for Dante. Lady tends to make more appearances in the anime than Trish does. In a sense, the anime looks to have influences from “GetBackers” as Dante is doing jobs left and right to clear the huge amount of debt that he owes. So far, I was pretty impressed with the series as it tends to do Devil May Cry a lot of justice.

Most of his jobs come from Lady who Dante owes a lot of money to. As a result of his huge debt, Dante is usually down on his luck. His main employment is being a “devil hunter” taking up jobs that deal with evil supernatural creatures called devils. In each case, he takes on either one or a whole bunch of these devils. Still, Dante doesn’t make that much at the end due to damages and other hidden costs. But it doesn’t help as Lady and Trish make purchases and put them on Dante’s tab.

Dante ends up finding himself in more debt. Dante displays horrible eating habits as they are limited to pizzas and strawberry sundaes. In one episode, Lady brings up Dante’s eating habits while Trish scolds him for not laying off the pizza. There’s hardly any mention of the games as it looks for the series to have its own storyline. Patty and Morrison are two new characters introduced.

Patty is a girl that is under Dante’s guardianship throughout the movies. She tends to be more mature and intelligent than Dante. Patty also is a better gambler than Dante in cards and other games. Morrison acts as Dante’s agent and repairman. Dante tends to get jobs from both Morrison and Lady.

There is one recurring villain who is a weakling that schemes to get rid of Dante. My one complaint with the series is that Dante looks a bit like a pansy as he didn’t kill that demon immediately. Still, Devil May Cry still looks to be an interesting anime series.

Great benefits await those working at home. Manageable stress levels, you have greater control over the pressures of your private life and work life. Income will be proportional to the amount of work rendered. Basically, it means if you want to earn more, work more, or become more productive. You do not have to wait for a boss to give you a raise. Members of the family can all help in the business. One of the greatest advantages home based business has is that you save on rental costs.

Do you have the passion for cooking? Do you have delicious secret recipes? Operating a food stand may be for you. Since you are planning to make it a home based business, check first if there is a good market for it. If your home is near a basketball court, near a transport terminal, school or any place were many people converge, your location is feasible for a food stand business.

Figure out what type of food would best suit your market. Pizza stand, Ice cream, Fish balls, hotdogs, hamburgers, waffles, steamed dumplings, barbeque, congee, and noodle soups. If you want, you can do combinations of these, for instance, hotdog and hamburger stand, dumpling and noodle soups. Custom build an attractive stand. Search for builders of food carts. Register your business and business name in the department of trade.

Do some marketing, roam around your neighborhood distributing product brochures or flyers. Highlight competitive advantages of your food products. For example, strict usage of organic ingredients, hygienic preparation, high quality ingredients, and use of purified water for drinks, so on and so forth. Learning the financial aspect of your business is very important. Simple record keeping of how much sales you are making, how much inventory you have, how much operating costs, like electricity, water, and gas for cooking. These data would enable you to manage and make intelligent business decisions. An example of this is if the price of hamburger buns have a significant impact on cost, you can decide to search for lower cost buns offering the same quality or buy in bulk if shelf life is not an issue.

Unless you live in an area with a real big market for your products, this type of home based business will not earn much. The good news however, is that you could expand your business to include other products. Start with fish ball business, then add barbeque, hamburgers, and hotdogs, gradually add one product at a time.

It is possible that your recipe for pizza is such a big hit that you could sell a franchise of your business.

Earn royalties and money from food supplies delivered to other branches. If you master managing your small business, you might become so proud of yourself that you will opt for a bigger home based business. A hotdog and hamburger stand can eventually become a bakeshop. Supply hamburger and hotdog buns to other food stands. The possibilities are endless, always remember to start small and think big.

Pizza Hut has been around since 1958 and is the industry leader in pizza. It all started when two young men decided to open a pizza place with $600 borrowed from their mother. They didn’t do it by throwing all kinds of money into the deal; they did it by purchasing second hand equipment and renting a property on a busy street in their neighborhood. A year after they opened their doors they began embarking on the franchising world.

There are many aspects of getting into the Yum brand of franchises, and many things that are expected of you before you can begin.

Unfortunately, not just anyone with some cash can own a franchise. There is much more to it than having the capital to open a business. The franchisor has strict guidelines on who can open one, for reasons that if you don’t have certain skills, it won’t work for you and in turn won’t work for them.

You must first have money. You need to have at least $360,000 cash at hand and a net worth of at least $1 million. If you don’t have this then they won’t even look at you. You need to have certain reserves in order to make any business work, and this is no exception.

The initial investment that you will need to make in a business like this is between $1.1 and 1.7 million. It seems like a lot to sell pizza, but you are going to need a building, equipment and all the other things it takes to get a business off the ground.

The franchisor of Pizza Hut will not finance anything, so you will need to ensure that you obtain proper financing for anything you may need it for. If you don’t have financial backing from a bank and/or a bank in mind, Yum Brand will help refer you to the proper bank that will help you obtain what you are looking for.

Franchises charge a franchise fee and a royalty fee, and Pizza Hut is no different. The franchise fee for Pizza Hut is $25,000 and the royalty fee is 6.5% of gross profits per year.

The process of getting accepted for a Pizza Hut franchise is quite long and can take anywhere between 1 to 2 years before you are up and running. Compared to the statistics that more than 50% of new businesses fail within the first year, this is a small price to pay for the assurance and peace of mind that you business will be successful once it is up and running.

They also stringently interview you to make sure that you are a strong candidate for this type of business. You also have to have experience in the pizza business and general business experience.

There is a lot that goes into running a franchise; there are certain things that need to be done certain ways in order to stay in compliance with your franchise agreement. Of course, they won’t send you out there without any idea how to do things; they will give you the time and information you need to make your business a success.

Franchises offer very little freedom of choice. Everything from menus, decor, furniture and fixtures need to be uniform. If you like to have flexibility when running a business, a franchise might not be for you. But if you like a plan that is set in stone, as has been a proven success, a franchise is the right choice.

Franchising isn’t for everyone; you need to take a close look at any franchise before you get too far into it. Take the time to review any material so you have a good look at the big picture and whether or not this is something that you are willing to do.

In a period that encompasses over 30 years in the workforce, I’ve held an eclectic variety of occupations. I began my working career as a clean-up person in a bowling alley. I’ve had paper routes. I delivered pizzas. I played in rock bands. I was a phone salesperson. I was in the optical business. I’ve been a bookkeeper. I’ve written two novels that were sales failures. Now I’m a driver once again for a newspaper.

Within all of these differing lines of work, I fully expected to make a lifelong career in the optical business. Back in the 1980’s, there was a big boom in fast turnaround for eye-wear. Previously, a person would have an eye exam with an optometrist or ophthalmologist. The doctor would write out a corrective prescription, and then the patient/customer would pick a frame style. What followed was a 2-3 week waiting period for the new eyeglasses to finally arrive. Somewhere along the line, some savvy businessperson came up with the idea to build optical superstores with in-house laboratories. In over 90% of cases, it suddenly became possible to get new glasses the same day and often, within the hour.

When I met the person who would become my wife, she suggested rather firmly that I learn a trade. At 26, I was a pizza man, and suffice to say she expected a bit more from a boyfriend. I was quickly hired by what was then known as Precision Lens Crafters. Within six months, I had learned all areas of corrective lens fabrication. As I honed my skills in this trade, I jumped around from place to place for better pay. I eventually ended up at another well-known optical chain and was paid quite well. All was good for about 2 years. Suddenly, my store, a privately owned franchise, was sold back to Corporate. As employees, we each took about a $10,000 yearly pay cut when that happened. I was in my late 30’s and decided to return to school. I would continue my optical lab work until graduation time.

At the tender young age of 40, I received an Associate Degree in Accounting. There was a problem, however: The advisers at my technical college failed to inform me that for every accounting/bookkeeping position out there, you’ll find 30 people with degrees. The competition was fierce. As a result, it took nearly a year to get a job offer. To further complicate matters, I had recouped my former salary at the optical center by this time. I had a tough decision to make: Should I continue my career as a lab technician or should I utilize the education I just

Pizza Hut is a well known brand which attracts thousands of pizza lovers to their locations on a regular basis. As one of the best known pizza franchises around, Pizza Hut has ingratiated its name into today’s society as one of the most popular pizza chains.

If you are considering franchising as a means to start your own business and love pizza, Pizza Hut seems a natural choice to consider when deciding which pizza company you want to identify with your new restaurant.

COMPANY HISTORY

It started with Dan and Frank Carney pursuing a dream and an idea. Its result was the first Pizza Hut which was born in 1958 in Wichita, Kansas. A year later the business became franchised when it opened its second location in Topeka, Kansas. By 1965 Pizza Hut had 145 stores and had its first corporate headquarters built in Wichita, its birthplace.

The company continued to flourish from there, by 1971 Pizza Hut had achieved becoming the largest revenue generating pizza franchise with the most locations. Only a mere year later the company celebrated the opening of its 1,000 location, one of which was internationally based in Costa Rica. This was a significant milestone for Pizza Hut and the company is listed on the New York Stock Exchange for public trading. In 1990 the company celebrates its billion dollar sales mark and reinvests some of those revenues in community based efforts (www.pizzahut.com).

Over the next several decades and into the new millennium Pizza Hut continued to expand its products and locations. By this time the company has grown tremendously from its humble early roots as a one building operation into a global known name which is still going strong today. This year marks the company’s 50th birthday. Today Pizza Hut is a part of Yum! Brands.

CANDIDATE ATTRIBUTES

Yum! Brands maintain franchisees should possess several personal attributes in order to be considered becoming a part of their organization. According to their website, their ideal candidate prefers you have business experience and skills including start up experience and have run your own business.

Other qualifications include an understanding of franchising, good customer service, resilience to cope with the issues small businesses often encounter. They also wish candidates to be able to work well under pressure and be a person of action who knows how to take suitable risks.

Yum! Brands also like their franchisees to understand the value of employees and to treat them as