|
Below is an in-depth analysis and side-by-side comparison of Buck's Pizza vs Jet's Pizza including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $165,450 - $345,400 | $437,500 - $631,000 |
Franchise Fee | $20,000 | $25,000 |
Royalty Fee | 5% | 8%-10% |
Advertising Fee | 2% | Up to 1% |
Year Founded | 1994 | 1978 |
Year Franchised | 1994 | 1990 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | - | $2K |
Business Experience Requirements |
||
Experience | ||
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/Yes |
Start-up Costs | No/Yes | No/Yes |
Equipment | No/Yes | No/Yes |
Inventory | No/Yes | No/Yes |
Receivables | No/No | No/Yes |
Payroll | No/No | No/Yes |
Training & Support |
||
Training | - | On-The-Job Training: 270 hours Classroom Training: 30 hours |
Support | Purchasing Co-ops Toll-Free Line Online Support | Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Ad Templates | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing |
Operations |
14% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
International franchisees required to buy multiple units/master licenses; 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 Absentee ownership of franchise is NOT allowed. (99% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | No | No |
Buck's Pizza was incorporated on September 16, 1994, in the state of Pennsylvania. The management of Buck's Pizza, Lance Benton and the management team has an extensive background in franchise operations. Buck's Pizza was formed by Mr. Benton to expand a new pizza franchise on a national basis. In a very short period of time Buck’s is already accomplishing expansion goals. Buck's Pizza now has over 80 shops in over 20 states. Buck's is demonstrating its ability to support its franchisees.
Buck's Pizza has plans for nationwide expansion citing its franchise format of low start up costs, low royalties and strong local level marketing as being a strong departure from the way franchise companies have operated for years. Buck's Pizza has been selected by Entrepreneur Magazine as one of the TOP 500 FRANCHISES for each of the last 4 years.