- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$191K - $641K
- Units as of 2022
62 67.6% over 3 years
Founded in Medina, Ohio, Romeo's Pizza has connected people with great-tasting pizza since 2001. The company now has more than 40 franchise locations and aims to increase its brand. Romeo's Pizza offers a diverse menu that consists of award-winning pizza, calzones, pasta, strombolis, subs, chicken wings, appetizers, and salads.
Romeo's Pizza wishes to become a household name with a time-tested in-house process, product innovation, and a significant franchisee support system. The ideal franchisee is interested in creating a legacy in their community and is willing to work hard to do so.
Why You May Want to Start a Romeo's Pizza Franchise
As a Romeo's Pizza franchisee, you'll be overseeing the production of pizza and food using a predefined business model developed by the franchisor. Franchisees may appreciate the growing brand, award-winning food, and the opportunity to own multiple locations. This is a hard-hitting franchise, and although it's just emerging from its regional territory, Romeo's Pizza may come with a large loyal following of fans eager to eat!
The franchise uses only pure California tomatoes and other fresh hand-cut vegetables, in-house dough, and 100% Wisconsin cheese for great-tasting pizza. Romeo's Pizza strives to craft excellence in pizza, impacting people, communities, and the environment, making winning a team effort. For specialty pizza, calzones, or strombolis at a reasonable price, whether picked up or delivered, food lovers may often choose Romeo's Pizza.
What Might Make a Romeo's Pizza Franchise a Good Choice?
To start a Romeo's Pizza team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for the existence of ongoing fees that will include advertising, royalty, and potential renewal fees. Multi-unit franchisees may need to pay an additional development fee for each additional location. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
When you begin the process of becoming a Romeo's Pizza franchisee, you and your staff will undertake a multi-week training program at company headquarters in Medina, Ohio, and at any of their Romeo's Pizza training restaurants. In addition to hands-on in-store training, you'll get instructional materials for the continual training of staff from the franchisor.
How To Open a Romeo's Pizza Franchise?
As you decide if opening a Romeo's Pizza franchise is the right decision for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Romeo's Pizza franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth. As a result, you may want to check if there are multiple other pizza restaurants in your area. If so, you may want to reconsider the location of your proposed Romeo’s Pizza franchise.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Romeo's Pizza franchising team questions.
Whichever way you slice it, Romeo's Pizza may be the franchise for you!
About Romeo's Pizza
|Franchising Since||2001 (22 years)|
|# of employees at HQ||14|
This company is offering new franchisees throughout the US.
This company is offering new franchisees worldwide.
|# of Units||62 (as of 2022)|
Information for Franchisees
Here's what you need to know if you're interested in opening a Romeo's Pizza franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
|$190,800 - $640,500|
Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
|$5,000 off franchise fee|
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
Term of Agreement
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
|Is franchise term renewable?||Yes|
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
|Third Party Financing||Romeo's Pizza has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
|On-The-Job Training||204 hours|
|Classroom Training||36 hours|
Meetings & Conventions
Security & Safety Procedures
Franchisee Intranet Platform
Additional details about running this franchise.
|Is absentee ownership allowed?||No|
Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
|# of employees required to run||15-25|
Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Curious to know where Romeo's Pizza ranked on other franchise lists? Find out below.
Are you eager to see what else is out there? Browse franchises that are similar to Romeo's Pizza.
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