
Figaro's Pizza
Pizza, take-and-bake pizza- 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.
Company Overview
About Figaro's Pizza
Franchising Overview
- Franchising Since
- 1986 (36 years)
- # of employees at HQ
- 9
- 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)
Franchisor Information
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
- $39,000
- Initial Investment
- $86,500 - $549,000
- Net Worth Requirement
- $250,000
- Cash Requirement
- $250,000
- Royalty Fee
- 6%
- Ad Royalty Fee
- 3%
- Term of Agreement
- 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
- 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
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Purchasing Co-opsMeetings & ConventionsToll-Free LineGrand OpeningSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionFranchisee Intranet Platform
- Marketing Support
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Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingMarketing Planning & SupportSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- Yes
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 9-13
- Are exclusive territories available?
- Yes
Work with our free FranCoach and get what you need to start a Figaro's Pizza franchise.
Franchise 500 Ranking History
Compare where Figaro's Pizza landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
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