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Pita Pit Inc.

Pita sandwiches

Background

Founded: 1995 Franchising since: 1997
105 N. 4th St., #208
Coeur d'Alene, Idaho 83814
Phone:
(208)765-3326


Franchisor is a privately-held company with 36 employee(s); 4 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 168 113 2 5
2008 155 110 2 6
2007 126 0 0 4
2006 102 0 0 1
2005 88 0 0 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide

Exclusive territories available.
Territory size: Quarter-mile radius

Costs and Fees

Total investment: $220.7K-357K
Franchise fee: $25K
Ongoing royalty fee: 6%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No Yes
Payroll No Yes

Qualifications
Net worth requirement: $250K
Cash liquidity requirement: $75K
Business Experience:
  • People skills; good work ethic

Operations
  • 40% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 15 - 20
  • Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 10 days
  • At franchisee's location: 5-7 days

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • National media

Rankings

Franchise 500® rank:
#157 (2009); #195 (2008); #212 (2007);

Ranked #1 in category in:
2009;

America's Top Global Franchises:
#122 (2009);


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