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Jet's Pizza Franchise ProfileFood Franchises > Pizza |
To open a Jet's Pizza franchise, the initial investment ranges from $572,500 to $786,000. This includes a franchise fee of $30,000. Prospective franchisees should also have a minimum cash requirement of $60,000 and a net worth between $500,000 and $1,000,000. Understanding these costs is crucial for planning your entry into the franchise business.
Jet's Pizza franchisees are subject to a royalty fee of 12% on gross sales, along with a marketing fee of 10%. These ongoing fees are essential for maintaining brand presence and support. As you evaluate this franchise opportunity, consider how these fees will impact your overall profitability and operational budget.
The average annual revenue per Jet's Pizza unit is approximately $936,000, with a median revenue of $752,241. This indicates a strong potential for profitability within the franchise model. Additionally, the average EBITDA margin stands at about 15.93%, showcasing the financial health of existing franchises. These metrics can guide your financial projections and investment decisions.
Jet's Pizza franchisees can expect to reach breakeven within 12 months of opening. The investment payback period is typically around 24 months. This relatively quick return on investment is an attractive feature for aspiring franchisees, as it allows for faster reinvestment and growth potential within the franchise system.
Jet's Pizza 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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Jet's Pizza 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 | 381 | 401 | 413 |
Net Change YoY | 20 | 12 | |
Franchised Units | 341 | 354 | 360 |
Net Change YoY | 13 | 6 | |
Corporate Units | 40 | 47 | 53 |
Net Change YoY | 7 | 6 |
Jet's Pizza, founded in 1978 in Sterling Heights, Michigan, is a popular pizza franchise known for its Detroit-style deep-dish pizza. The brand has carved out a niche in the competitive pizza market by offering a unique crust, high-quality ingredients, and a variety of toppings. Over the years, Jet's has expanded significantly, boasting hundreds of locations across the United States, appealing to both dine-in and delivery customers.
Investing in a Jet's Pizza franchise presents an exciting opportunity for aspiring entrepreneurs. With a relatively low initial investment ranging from $572,500 to $786,000, franchisees can tap into a well-established brand with a loyal customer base. The franchise model is designed to support new owners through training, marketing, and ongoing operational assistance, making it an attractive option for both first-time business owners and seasoned investors looking to diversify their portfolios.
To become a Jet's Pizza franchisee, potential owners need to meet specific financial criteria. The initial franchise fee is set at $30,000, with a cash requirement of $60,000 and a net worth requirement ranging from $500,000 to $1,000,000. Additionally, franchisees are subject to a 12% royalty fee and a 10% marketing fee, which contribute to the overall operational costs while ensuring brand support and national marketing efforts.
Jet's Pizza franchises have demonstrated strong financial performance, with an average annual revenue per unit of $75,153 and a median annual revenue of $936,000. The breakeven time for new units is approximately 12 months, with an investment payback period of around 24 months. These metrics highlight the potential for profitability and return on investment for franchisees who effectively manage their operations.
Jet's Pizza operates under the corporate umbrella of Jet's America, Inc., which oversees franchise development and support. The company has been expanding its footprint, increasing the number of franchised units from 341 in 2021 to 360 in 2023, alongside its corporate units, which grew from 40 to 53 during the same period. This growth reflects the brand's commitment to enhancing its presence in the pizza market while providing franchisees with a solid foundation for success.
Jet's Pizza employs a comprehensive marketing strategy that includes both national and local advertising efforts. Franchisees contribute 10% of their revenue to marketing initiatives that promote brand awareness and drive customer traffic. The marketing strategy focuses on digital marketing, social media engagement, and community involvement, ensuring that Jet's Pizza remains a top choice for consumers seeking delicious pizza options. This approach not only builds brand loyalty but also helps franchisees attract and retain customers effectively.
Frequently Asked Questions
The initial investment for a Jet's Pizza franchise ranges from $572,500 to $786,000. This includes the franchise fee, equipment, and other startup costs.