Pizza Hut
Pizza, pasta, wingsBackground
Founded: 1957 Franchising since: 1959
While college students in Wichita, Kansas, Frank and Dan Carney were approached by a family friend with the idea of opening a pizza parlor. Inspired, the brothers borrowed $600 from their mother, purchased secondhand equipment and rented a small building on a busy intersection in their hometown. With that, the first Pizza Hut opened its doors in 1958. Just a year later, the company incorporated and the first franchise opened in Topeka.
Franchise Growth
Where Seeking Franchisees
In the U.S. Oregon
Worldwide
While college students in Wichita, Kansas, Frank and Dan Carney were approached by a family friend with the idea of opening a pizza parlor. Inspired, the brothers borrowed $600 from their mother, purchased secondhand equipment and rented a small building on a busy intersection in their hometown. With that, the first Pizza Hut opened its doors in 1958. Just a year later, the company incorporated and the first franchise opened in Topeka.
More than 50 years later, Pizza Hut has locations throughout the world serving its specialty pizzas. Pizza Hut is owned by Yum! Brands, parent company of A&W Restaurants, KFC, Long John Silver's and Taco Bell.
|
14841 Dallas Pkwy. Dallas, Texas 75254 |
Phone: (972)338-8347 |
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2009 | 6535 | 0 | 4221 | 2419 |
| 2008 | 6,223 | 0 | 4,016 | 2,638 |
| 2007 | 6,079 | 0 | 3,802 | 2,804 |
| 2006 | -- | -- | -- | -- |
| 2005 | 5,851 | 246 | 3,625 | 2,631 |
Where Seeking Franchisees
In the U.S. Oregon
Worldwide
Costs and Fees
|
Total investment: $317K-2.97M Franchise fee: $25K |
Ongoing royalty fee: 6% Term of agreement: Term of agreement not 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: $150K
Business Experience:
- Industry experience
- General business experience
- Marketing skills
Rankings
Franchise 500® rank:
#7 (2009); #4 (2008); #12 (2006);
Ranked #1 in category in:
2009; 2008;
Fastest-Growing Franchises:
#65 (2009); #23 (2008); #2 (2006);
America's Top Global Franchises:
#7 (2009); #9 (2008); #5 (2006);
#7 (2009); #4 (2008); #12 (2006);
Ranked #1 in category in:
2009; 2008;
Fastest-Growing Franchises:
#65 (2009); #23 (2008); #2 (2006);
America's Top Global Franchises:
#7 (2009); #9 (2008); #5 (2006);