Pizza Franchise Cost – Owning a BC Pizza Franchise
The prospect of owning a franchise can be very exciting and has a number of benefits. It can be a very lucrative business as well. Plus, being your own boss is the dream for many people. As a franchise owner, you can count on a solid annual income. You don’t have to worry about start-up costs as it relates to marketing, product development, advertising, and quality control. But there is an initial investment which will be your pizza franchise cost.
If you meet the requirements and qualifications for owning a BC PIZZA franchise and you are accepted by our selection committee, you are at the final step. Now it is time to invest your financial commitment. What’s next for you? There will be some fees at various parts of the process. On average, your total investment will be around $140,000. We have included a breakdown of fees below so you can see just how much you’ll need.
On Signing The Franchise Agreement
Upon signing the franchise agreement, you will be required to pay your first fee. The investment costs at this part of the business arrangement are $20,000. With a little research, you can see that most franchise fees range from $20,000 to $50,000. We want to get your business up and running in the most efficient way. We are interested in your success and we understand that by allowing you affordable fees, you can achieve positive cash flow faster. This initial investment covers a number of things to help get the process going.
An investment of $20,000 for your BC PIZZA franchise rights provides you with:
- Grant of an Exclusive Protected Territory
- Site Selection & Lease Negotiation
- Interior Layout & Planning Assistance
- Owner/Manager/Employee Franchise Training Program
- Grand Opening Assistance for your own BC PIZZA
- In-Field Operations Support and Training Updates
- BC PIZZA Operations Manual
- Use of the BC PIZZA Name, Marks and Systems
Franchise Expenses to Pay Before Opening For Business
There are a number of fees to be paid before you can open your business. Below we have included a detailed table. You will find the line item for each fee and the investment range you may find on them. The amount of the investment will depend on the design and features of the restaurant you want for your BC Pizza franchise.
Below are the additional investments required to open your BC PIZZA franchise*:
|Franchise Fee||$ 20,000||$ 20,000|
|Lease & Utilities Deposits||4,000||8,000|
|Furniture & Fixtures**||10,000||85,000|
|Opening Inventory, Supplies||5,000||10,000|
|Staff Training Costs||2,000||4,000|
Royalty and Advertising Contribution
There will also be the royalty and advertising contribution fees. These are not required upfront based on the nature of how they are calculated but they are expenses related to owning and operating your franchise.
Royalty payments are 3.5% of your gross sales for continuous field support assistance. As a franchisee, you will make royalty payments to be a licensed user of our registered trademarks, the logo, systems of operation, recipes, etc.
Advertising payments are 5% of your gross sales. This money is applied to your local advertising and is never sent to us. We require an accounting of advertising monies spent within 10 days of the final day of each calendar quarter. This ensures that you are doing your part to market the business and ensure its continuity and its success. We are interested in this because your success is our success.
As a BC Pizza franchisee, you will have plenty of franchise support whenever you need it. A representative will always be with you when requested during normal business hours. We also provide marketing material in the form of flyers for the franchise to ensure you have the tools you need to market your franchise adequately and successfully. If there is anything in the contract that is not clear to you, just give us a call or drop us a line through our contact us page.
*Items 5, 6 and 7 of the Franchise Disclosure Document require further consultation for a more detailed description of your total estimated initial investment and other costs and expenses associated with the ownership and operation of your BC PIZZA franchise. The typical lease space is 2,000-3,000 square feet. Costs are reasonable estimates based on our regional experience. Prices will vary in different territories.
**The Furniture and Fixtures investment will tend towards the higher amount if you choose to install an indoor playground in your BC Pizza franchise.
If you need any clarity on any of the above pizza franchise cost information, we would be more than happy to discuss it with you. Contact Us to learn more or submit your FRANCHISE APPLICATION today! You can also check our FAQ page to find answers to some of the more common questions.
We look forward to working with you and getting you the keys to your new business. We are elated you chose BC Pizza and look forward to supporting you as an entrepreneur and the operator of your very own Pizza business.