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Happy's Pizza

2014 Franchise 500
#350
At a Glance

Products & Services: Pizza, ribs, chicken, seafood

Number of Locations: 88

Total Investment: $336.5K - $608K

Founded: 1996

Began Franchising: 2007

About Happy's Pizza

The first Happy's Pizza, named after founder Happy Asker, opened in Detroit in 1996. The company, which began franchising in 2007, offers a diverse menu including pizza, ribs, chicken, seafood, salads and sandwiches.

Franchise Units

Year U.S. Canadian International Company Owned
2014 88 0 0 0
2013 81 0 0 0
2012 83 0 0 0
2011 76 0 0 0
2010 64 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $336,500 - $608,000
Franchise Fee: $35,000
Ongoing Royalty Fee: $1.5K/mo.
Term of Franchise Agreement: 5 years, renewable
Veteran Incentives: 50% off franchise fee
Financial Requirements
Net Worth: $300,000
Liquid Cash Available: $150,000
Operations
60% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 15 - 30. Absentee ownership of franchise is NOT allowed. (80% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 40 hours. At franchisee's location: 2 weeks. At existing franchise : 60-90 days.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,

Franchise Ranking History

Franchise 500®: #350 (2014),

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