Domino's Pizza LLC
At a Glance
Products & Services: Pizza, breadsticks, buffalo wings
Number of Locations:
Total Investment: $119.95K - 461.7K
Began Franchising: 1967
About Domino's Pizza LLCIn 1960, brothers Tom and James Monaghan borrowed $500 to purchase DomiNick's, a pizza store in Ypsilanti, Michigan. The next year, James traded his half of the business to Tom for a Volkswagen Beetle. In 1965, Tom Monaghan renamed the company Domino's Pizza LLC. The first Domino's Pizza franchise store opened in Ypsilanti, Michigan, in 1967. Tom Monaghan retired in 1998, selling 93 percent of the company to Bain Capital.
In addition to regular, pan and thin-crust pizza, Domino's products include bread sticks and buffalo wings. Domino's operates more than 6,000 stores in the United States, Canada, Europe and Africa.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $25,000
Ongoing Royalty Fee: 5.5%
Term of Franchise Agreement: 10 years, renewable
Liquid Cash Available: $75,000
Operations60% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 15 - 20. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
|Financing Type||In-House||Third Party|
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