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Pita Pit Inc.

2014 Franchise 500
#119
At a Glance

Products & Services: Pita sandwiches

Number of Locations: 505

Total Investment: $187.5K - $314.97K

Founded: 1995

Began Franchising: 1997

About Pita Pit Inc.

Nelson Lang and John Sotiriadis sought to provide a healthier alternative to the usual fast food fare when they opened the first Pita Pit in Kingston, Ontario, in 1995 and started serving Lebanese-style pita sandwiches. They began franchising in Canada in 1997, and then in the U.S. two years later.

Franchise Units

Year U.S. Canadian International Company Owned
2014 214 186 91 14
2013 212 175 73 15
2012 170 142 24 20
2011 160 126 16 21
2010 170 118 7 7
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $187,450 - $314,979
Franchise Fee: $25,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 20% off franchise fee
Financial Requirements
Liquid Cash Available: $75,000
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).
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: 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, Lease Negotiation
Marketing Support: National media,

Franchise Ranking History

Franchise 500®: #119 (2014), #166 (2013), #132 (2012), #124 (2011), #160 (2010),
Fastest-Growing: #59 (2014), #89 (2013),
America's Top Global: #56 (2014), #101 (2013), #109 (2012), #105 (2011), #127 (2010),