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Promoted Opportunities

Happy Joe's
#468

Initial Investment

LOW: $310,250
HIGH: $1,045,625

Change in Units

0.0% 0 UNITS (1 Year)
+5.9% +3 UNITS (3 Years)

Company Profile

Founded

1972

Franchising Since

1973 (44 Years)

Corporate Address

2705 Happy Joe Dr., #I Bettendorf, IA 52722

CEO

Lawrence Whitty

About Happy Joe's

Lawrence Joseph Whitty had worked in the bakery business for years before becoming an assistant manager at a Shakey’s pizzeria. He decided to combine his baking skills with the experience he had gained from working at a pizza restaurant, where he would often hear families decide to go out for ice cream for dessert. Combining pizza and ice cream, Whitty opened the first Happy Joe’s Pizza & Ice Cream Parlor in East Davenport, Iowa, in 1972. His signature item was the Happy Joe’s Special, a pizza with Canadian bacon and sauerkraut that Whitty created from leftovers in his mother’s kitchen. After a franchisee suggested adding tacos to the menu, Whitty created the restaurant’s best-selling product, the Taco Pizza.

Financials

Financial Requirements

Initial Investment

$310,250 - $1,045,625

Net-worth Requirement

$500,000

Liquid Cash Requirement

$300,000

Ongoing Fees

Initial Franchise Fee

$25,000 - $30,000

Ongoing Royalty Fee

4.5%

Ad Royalty Fee

3.5%

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new units internationally.

Operations & Franchisor Support

Training Onsite: 5 days

Training at headquarters: 25 days

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media

Absentee Ownership Allowed

Number of employees required to run: 45

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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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