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- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$87K - $549K
- Units as of 2021
29 21.6% over 3 years
Here’s what you need to know if you’re interested in opening a Figaro's Pizza franchise.
Figaro's Pizza is a chain of pizza restaurants that focuses on serving delicious pizza. Since its inception in 1981, the company has striven to establish itself as one of the leading brands in the pizza fast food industry. Figaro’s Pizza specializes in take-and-bake pizza, which may allow customers to grab their pizza quickly and easily before cooking it in the comfort of their own homes.
The majority of the company's customers are families led by busy adults. The company strives to provide value to these families by not compromising the taste of its pizza. This has resulted in quick and tasty food that customers may enjoy time after time.
Why You May Want to Start a Figaro's Pizza Franchise
Figaro's Pizza boasts of being one of the only national brands that deliver both fresh baked and take-and-bake pizza. An ideal franchisee is an individual who wants to own single or multiple units and is intent on maximizing their franchise’s growth potential.
The quality of the pizza offered by each of Figaro's Pizza franchised locations usually forms the main compelling, unique point of differentiation. This distinguished element may have helped the company build a loyal following among lovers of delicious pizza.
To add to that, the company established a non-profit organization dubbed "Helping Education with Love and Pizza" (H.E.L.P). The charity has a mission of offering support for children's education in the communities that receive their donations. By opening a Figaro’s Pizza franchise, you may get to join a dynamic organization that supports a noble cause.
What Might Make a Figaro's Pizza Franchise a Good Choice?
Because of its brand recognition, opening a Figaro's Pizza franchise may have a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.
Figaro's Pizza's goal to provide a high amount of attention to detail and good customer service might make the company a terrific choice with which to open a franchise. By owning a Figaro's Pizza franchise, you will get the support of a nationally recognized brand with years of decades of experience under its belt.
You may purchase territory rights to secure your market. To own this franchise, 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 presence of ongoing fees that will include advertising fees and royalty fees. Franchisees will also need to meet the company's set liquid capital requirements.
How To Start a Figaro's Pizza Franchise
As you decide if opening a Figaro's Pizza franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Figaro'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, if there are multiple pizza franchises in your area, you may want to reconsider opening Figaro’s Pizza franchise in that location.
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 Figaro's Pizza franchising team questions.
About Figaro's Pizza
- Franchising Since
- 1986 (36 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees worldwide.
This company is seeking new franchisees in the following US states: California, Idaho, Montana, Oregon, Texas
- # of Units
- 29 (as of 2021)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Figaro'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.
- Initial Investment
- $86,500 - $549,000
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.
- 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
- Figaro's Pizza 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
- 59 hours
- Classroom Training
- 55 hours
- Additional Training
- At headquarters & in the field
- Ongoing Support
Purchasing Co-opsMeetings & ConventionsToll-Free LineGrand OpeningSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingMarketing Planning & SupportSocial 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.
Franchise 500 Ranking History
Compare where Figaro's Pizza landed on this year’s Franchise 500 Ranking versus previous years.
Curious to know where Figaro's Pizza ranked on other franchise lists? Find out below.
Are you eager to see what else is out there? Browse more franchises that are similar to Figaro's Pizza.
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