|
Below is an in-depth analysis and side-by-side comparison of Figaro's Pizza vs California Pizza Kitchen including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $86,500 - $549,000 | N/A |
Franchise Fee | $39,000 | N/A |
Royalty Fee | 5% | - |
Advertising Fee | 3% | - |
Year Founded | 1981 | 1985 |
Year Franchised | 1986 | 0 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | * Proven track record in the restaurant industry * Current ownership of multiple restaurants with an established infrastructure, preferably full service U.S. brands * Previous franchise restaurant experience * Strong knowledge of market trends, real estate, governmental issues, distribution and labor * Minimum of $5 Million total net worth * Minimum of $2 Million cash available for investment * Franchise partner must have the resources and be willing to send multiple managers and several key restaurant employees to California for a 3 month training program. * All minimum requirements are subject to California Pizza Kitchen's collective evaluation of the potential franchise partner If you feel you meet the initial criteria and are interested in franchise opportunities, please tell us more about yourself and your company in the following preliminary application. | |
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 | - |
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 | - |