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Franchise: Extreme Pita

Initial Investment
LOW:$160,000
HIGH: $442,000
Change in Units
-10.7% -19 UNITS (1 Year)
-41.3% -112 UNITS (3 Years)

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations
Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media

Training Onsite: 18 days

Training at headquarters: 5 days

Additional Training: At training store

Absentee Ownership Allowed

Number of employees required to run: 8

About Extreme Pita

Brothers Alex and Mark Rechichi opened the first Extreme Pita in 1997 and began franchising a year later. Based in Mississauga, Ontario, the company offers franchises in both Canada and the U.S. The Extreme Pita menu offers a variety of sandwich wraps and pizzas made with pita bread, along with salads, pita chips and cookies.

Founded

1997

Franchising Since

1998 (19 Years)

Corporate Address

9311 E. Via De Ventura Scottsdale, AZ 85258

CEO

Stanley Ma

Ticker Symbol

MTY

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Financial Requirements

Initial Investment

$160,000 - $442,000

Net-worth Requirement

$200,000

Liquid Cash Requirement

$80,000

Ongoing Fees

Initial Franchise Fee

$20,000 - $20,000

Ongoing Royalty Fee

6%

Ad Royalty Fee

3%

Financing Options

Extreme Pita has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, payroll

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: October 6th, 2016

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