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Hungry Howie's Franchise ProfileFood Franchises > Pizza |
To start a Hungry Howie's franchise, you should be prepared for an initial investment ranging from $431,873 to $629,908. This includes a franchise fee of $25,000. Additionally, you’ll need to ensure you have a net worth between $300,000 and $500,000, along with sufficient cash to cover the startup expenses. Understanding these financial commitments is crucial as you explore this franchise opportunity.
Hungry Howie's franchisees are required to pay a royalty fee of 5.5% on their gross sales, along with a marketing fee of 7%. These fees contribute to the overall operational costs and support the brand's marketing efforts. Being aware of these ongoing financial obligations is essential for budgeting and maintaining profitability as a franchise owner.
On average, a Hungry Howie's unit generates annual revenue of approximately $837,770, with a median revenue of $792,354. The revenue can vary significantly, with the lowest recorded annual revenue at $279,096 and the highest reaching $2,027,653. This potential for revenue highlights the opportunity for franchisees to achieve substantial financial returns, depending on their location and operational efficiency.
Hungry Howie's franchisees can expect to reach breakeven within about 12 months of operation. Furthermore, the investment payback period is estimated at just 6 months, indicating a relatively quick return on investment. This rapid payback period can be appealing for aspiring entrepreneurs looking for a franchise that offers a solid financial outlook in a competitive market.
Hungry Howie's Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
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Hungry Howie's Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
Units | 2021 | 2022 | 2023 |
---|---|---|---|
Total Units | 532 | 534 | 524 |
Net Change YoY | 2 | -10 | |
Franchised Units | 499 | 501 | 491 |
Net Change YoY | 2 | -10 | |
Corporate Units | 33 | 33 | 33 |
Net Change YoY | 0 | 0 |
Hungry Howie's is a popular pizza franchise known for its unique flavored crusts and commitment to quality ingredients. Founded in 1973 in Taylor, Michigan, the brand has grown significantly, with over 490 franchised units across the United States. Hungry Howie's focuses on providing a family-friendly dining experience, offering a diverse menu that includes pizza, subs, salads, and more, all made with fresh, locally sourced ingredients.
The initial investment to open a Hungry Howie's franchise ranges from $431,873 to $629,908. This includes a franchise fee of $25,000. Prospective franchisees should be prepared for ongoing royalty fees of 5.5% of gross sales, along with a marketing fee of 7%. The required cash to start a franchise is between $431,873 and $629,908, with a net worth requirement of $300,000 to $500,000.
Hungry Howie's franchises have demonstrated strong financial performance, with an average annual revenue per unit of $837,770. The median annual revenue is $792,354, while the lowest recorded annual revenue is $279,096 and the highest is $2,027,653. The breakeven time for new units is approximately 12 months, and franchisees can expect to see a payback on their investment in about 6 months.
As of 2023, Hungry Howie's operates a total of 524 units, comprising 491 franchised locations and 33 company-owned units. The franchise has seen a slight decrease in the number of franchised units over the past few years, indicating a stable yet competitive market environment. The corporate structure supports franchisees with training, marketing, and operational resources to ensure consistency and quality across all locations.
Hungry Howie's employs a comprehensive marketing strategy that includes a 7% marketing fee to support national and local advertising efforts. Franchisees benefit from a well-established brand presence and targeted promotional campaigns aimed at driving customer engagement and increasing sales. The brand's focus on community involvement also enhances its visibility and reputation within local markets.
Hungry Howie's is dedicated to serving high-quality food while fostering a welcoming and family-oriented atmosphere. The brand emphasizes community engagement, sustainability, and customer satisfaction as core values. By prioritizing these principles, Hungry Howie's aims to create a loyal customer base and a positive impact in the communities it serves, ensuring long-term success for its franchisees.
Frequently Asked Questions
The initial investment for a Hungry Howie's franchise ranges from $431,873 to $629,908, which includes the franchise fee and other startup costs.