Figaro's Pizza

At a Glance

Products & Services: Pizza, take-and-bake pizza

Number of Locations: 64

Total Investment: $123K - $398.5K

Founded: 1981

Began Franchising: 1986

About Figaro's Pizza

Founded in 1981, Figaro's sells ready-to-eat as well as take-and-bake pizzas. Franchisees may operate carry-out, dine-in or delivery store models.

Franchise Units

Year U.S. Canadian International Company Owned
2014 57 0 7 0
2013 56 0 8 0
2012 61 0 8 0
2011 66 0 6 0
2010 70 0 6 0
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $123,000 - $398,450
Franchise Fee: $12,500 - $52,500
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 5 years, renewable
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $150,000
Operations
61% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 9 - 13. Absentee ownership of franchise is allowed. (39% of current franchisees are owner/operators).
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: At headquarters & in the field : 4 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,
Other marketing support: Local store marketing handbook, national charity

Franchise Ranking History

Franchise 500®: #491 (2013), #470 (2012), #292 (2010),