|
Below is an in-depth analysis and side-by-side comparison of Figaro's Pizza vs Flippers Pizzeria including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $86,500 - $549,000 | $219,750 - $450,000 |
Franchise Fee | $39,000 | $30,000 |
Royalty Fee | 5% | 5% |
Advertising Fee | 3% | 4% local+1%Nat'l |
Year Founded | 1981 | 1987 |
Year Franchised | 1986 | 2010 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | We request that potential franchisees have 25%-30% of the total investment in liquid capital, have a net worth to cover 100% of the total investment to open a Flippers franchise and good credit ratings. We would like for our franchisees to have restaurant experience and a strong passion for Flippers and its core values. Franchisees must also have a customer oriented attitude, a strong desire to succeed and grow, a great business sense and comprehension of the Flippers model. In addition you must have the ability to run all aspects of a business including employment, daily operations, and the ability to adhere to the Flippers franchises structure and standards. | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | On-The-Job Training: 59 hours Classroom Training: 55 hours Additional Training: At headquarters & in the field | - |
Support | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | We provide you and a person of your choice with 80 hours of training at one of our Orlando, Florida pizzerias. We also provide grand opening support, including assisting you in readying your store, providing on-site training tailored to meet your needs. We then follow through with unparalleled on-going support throughout the terms of your agreement. |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media Website development | - |
Operations |
61% of all franchisees own more than one unit Number of employees needed to run franchised unit: 9 - 13
Absentee ownership of franchise is allowed. (39% of current franchisees are owner/operators)
| - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Flippers have been serving the perfect pizza since 1987 and now are inviting you to be part of our family through our franchise opportunity. Flippers' secret for success is dedicated, passionate team members focused on exceeding our customers' expectations and therefore consistently providing the highest level in Value and Service. Using the finest ingredients, a proven operational model, and an established brand provides you with a strong advantage in starting your own successful pizzeria. We will not only share with you our Passion for the perfect pizza, but through our extensive support and dedication to our franchisees, you share in our expertise through the support of our Professional team. From the site selection to layout and design to extensive training to daily operations to marketing support, we are here to assist and support our franchisees. Our philosophy is, "if our franchisees succeed, we succeed." As a Flippers franchisee, you are our brand partner. You benefit from proven quality, brand awareness, and customer loyalty - all results of the strong Flippers brand and our expanding franchise network. With over 30 years of proven success in the restaurant industry, we provide our franchisees with the expertise and know-how to run a successful pizzeria from day one! We look forward to discussing our opportunity in person and work with you to become part of our Flippers Pizzeria family.