The Development Fee is computed by multiplying the number of stores to be opened in accordance with the Development Schedule mutually agreed to by $5,000. The entire amount of the Development Fee is due and payable in a lump sum at the time the Development Agreement is Signed. The Development Fee is non-refundable, however $5,000 will be credited against each initial franchise fee due at the time of the signing of each Franchise Agreement
HOW MUCH IS THE INITIAL FRANCHISE FEE
An initial Franchise Fee of $14,500 is payable at the time of signing each Franchise Agreement. The initial Franchise Fee is deemed fully earned and is non-refundable.
WHAT ARE THE FINANCIAL REQUIREMENTS FOR PROSPECTIVE FRANCHISEES
You must demonstrate financial ability to start and build your store(s) and manage the business.
WHAT IS THE FRANCHISE ROYALTY FEE
The Franchise Royalty Fee is 2.75% of Net Sales of the Store for each period.
WHAT IS THE TERM OF THE FRANCHISE AGREEMENT
The initial term of the Franchise Agreement is 10 years. The Agreement is renewable for an additional
10 year term.
WHAT ARE THE SPACE REQUIREMENTS FOR A PIZZA WORLD
1,100 to 1,300 square feet for a standard delivery unit up to 2,400 square feet for a delivery/sit down restaurant.
HOW DO I FIND A LOCATION
Under the Franchise Agreement, you select the site for your store. With respect to each location, you must submit a completed site evaluation form, together with your site information to accept or reject each proposed location.
WHAT PRODUCTS MUST BE PURCHASED BY THE FRANCHISEE
In order to preserve the uniformity of our franchises and insure food consistency and quality, stores must be operated in accordance with our proprietary business techniques, systems, policies and procedures. Accordingly, you must follow the standards and specifications established, with respect to food products, packaging, advertising materials, supplies, ingredients, equipment, computer hardware and software, fixtures, furnishings and other items used in the operation of the store. Moreover, to enable our franchisees to (i) obtain superior equipment, supplies and food & beverage products that are not otherwise available to individual franchisees and (ii) benefit from reduced prices and more efficient and timely deliveries based on the leverage gained from increased buying power, we may designate approved suppliers for specific items required in the operation of your store.
A list of approved products and the suppliers from which those products may be purchased will be published in our confidential operations manuals or in policy and procedure statements or provided to you by other written communication, and we may amend the list. Currently, you much purchase the following proprietary items from approved suppliers: (i) mozzarella cheese and chicken products & Italian vinaigrette salad dressings; (ii) pizza sauce, Italian sausage, Pizza World cooked beef; (iii) pizza boxes and other paper supplies.
HOW LONG DOES IT TAKE TO CONSTRUCT A PIZZA WORLD
We estimate the construction of your Pizza World Store to be between 90 to 120 days. This can vary
depending on location, style of store and size.