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Philly Pretzel Factory

2012 Franchise 500
#296
At a Glance

Products & Services: Pretzel bakery

Number of Locations: 112

Total Investment: $193.85K - 361K

Founded: 1998

Began Franchising: 2004

Private Owned

Franchise Units

Year U.S. Canadian International Company Owned
2011 110 0 0 2
2008 101 0 0 2
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Connecticut, Delaware, Florida, Georgia, Maryland, North Carolina, Northeast, New Jersey, New York, Pennsylvania, South Carolina, Southeast, Virginia.

Startup Costs, Ongoing Fees and Financing

Total Investment: $193,850 - $361,000
Franchise Fee: $25,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $200,000
Liquid Cash Available: $75,000
Operations
10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2 - 3. Absentee ownership of franchise is NOT allowed. (70% 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: Available at headquarters: 1 week. At franchisee's location: 1 week.
Ongoing Support: Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,

Franchise Ranking History

Franchise 500®: #296 (2012), #480 (2009),
Fastest-Growing: #63 (2009),