Signing out of account, Standby...
- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$200K - $400K
- Units as of 2021
40 14.3% over 3 years
Here’s what you need to know if you’re interested in opening a DoubleDave's Pizzaworks franchise.
DoubleDave's Pizzaworks has provided fresh and delicious pizzas since 1984. The company has been franchising since 1995 and is now located in multiple cities across the Midwest, with franchise opportunities available in various locations.
Why You May Want to Start a DoubleDave's Pizzaworks Franchise
DoubleDave's Pizzaworks may stand out from its competitors because they are communicators and innovators who do not compromise quality. Customers may return to DoubleDave's Pizzaworks because of their fresh ingredients and varied options, such as a cauliflower crust. DoubleDave's Pizzaworks also offers a loyalty program run through the pizza of the month club.
An ideal franchisee for DoubleDave's Pizzaworks is someone willing to commit to learning the franchise culture and put in the effort to perform well and grow their location. The franchise culture also requires that you be an active part of your community.
What Might Make a DoubleDave's Pizzaworks Franchise A Good Choice?
To be part of the DoubleDave's Pizzaworks 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 ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements. Franchisees are eligible to receive a 10-year franchise agreement which is renewable with three additional terms, assuming you meet the qualifications.
DoubleDave’s Pizzaworks has partnered with third-party outlets that may help cover the costs of the franchise fee, startup costs, and equipment. You may have to qualify to receive this financial help.
As a franchisee with DoubleDave's Pizzaworks, you will be responsible for the performance of your outlet. If you do not have prior restaurant experience, you may be advised to hire a manager and an assistant manager who both have a background in running a restaurant. The DoubleDave's Pizzaworks team may provide you with the necessary training to handle the business. Even after initial training, you can expect ongoing support and frequent quality assurance visits.
How To Open a DoubleDave's Pizzaworks Franchise
To get started with DoubleDave's Pizzaworks, you should fill out a franchise inquiry form. If you are seen as a good fit for the brand, be prepared to speak to a DoubleDave's Pizzaworks franchise representative.
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. Speak to existing franchisees and ask the DoubleDave's Pizzaworks team questions. Additionally, research the brand and your local area to see if a DoubleDave's Pizzaworks franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
If you open a DoubleDave's Pizzaworks franchise, you and your crew will have to undergo a multi-level training program. New franchisees may complete training through classroom, online, and on-site training. You will also get continuous support and guidance on applying best practices from DoubleDave's Pizzaworks field business coaches.
About DoubleDave's Pizzaworks
- Franchising Since
- 1995 (27 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees throughout the US.
- # of Units
- 40 (as of 2021)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a DoubleDave's Pizzaworks 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.
- Initial Investment
- $200,000 - $400,000
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.
- 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.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- $5,000 off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- Royalty 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
- 10 years
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?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- DoubleDave's Pizzaworks has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory
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
- 105 hours
- Classroom Training
- 58 hours
- Ongoing Support
Purchasing Co-opsMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- 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
- 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.
Interested in franchise ownership like DoubleDave's Pizzaworks? Request a free consultation with a Franchise Advisor now.
Are you eager to see what else is out there? Browse more franchises that are similar to DoubleDave's Pizzaworks.
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