
Romeo's Pizza
Pizza, subs, wings, salads, appetizers- 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!
Company Overview
About Romeo's Pizza
Business Overview
- Franchising Since
- 2001 (2023-2001 years)
- # of employees at HQ
- 14
- Where seeking
-
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.
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Initial Franchise Fee
Information Circle - $30,000
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Initial Investment
Information Circle - $190,800 - $640,500
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Net Worth Requirement
Information Circle - $350,000
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Cash Requirement
Information Circle - $100,000
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Veteran Incentives
Information Circle - $5,000 off franchise fee
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Royalty Fee
Information Circle - 5%
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Ad Royalty Fee
Information Circle - 1.5%
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Term of Agreement
Information Circle - 10 years
- Is franchise term renewable?
- Yes
Financing Options
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
- Ongoing Support
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Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
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Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
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Can this franchise be run from home/mobile unit?
Information Circle - No
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Can this franchise be run part time?
Information Circle - No
- # of employees required to run
- 15-25
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Are exclusive territories available?
Information Circle - Yes
Interested in ownership opportunities like Romeo's Pizza? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Romeo's Pizza landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
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