Subscribe to our newsletters and keep up-to-date with the latest news in the franchise industry. They were about to make deep dish history by offering a truly, better pizza. Jet's Pizza is one of the fastest growing pizza franchises with a fast pace and fun atmosphere. A royalty fee of 8-10% of gross monthly receipts is paid to the company. Marco's Pizza Franchise Fee: $25,000 7. Since then, it has now grown to nearly 400. The restaurant also offers The initial franchise fee is up to $30,000 per restaurant. If youre confident in your ability to run a Papa Murphys better than 70% of the other franchisees, you should probably open a Papa Murphys. Request More Information. There is an initial franchise fee of $25,000 which grants you the license to run a business under the Jet's Pizza name. Jet's Pizza franchisees should plan on being the owner/operator of the location. Take our 7-minute franchise quiz to get matched with a business opportunity thats right for you. In 1978, Jets Pizza foFranchises Under Eugene Jetts was about to buy a new home. Little Caesars Ziggi's Coffee has developed a franchise program focused on the. You can expect the investment to be around $600,000 to $750,000 with a franchise fee of $25,000. Since it began franchising in 1990, the Jets Pizza But Jets serves more than just pizza, with a menu full of satisfying submarine sandwiches, scrumptious salads, and a list of savory sides, like wings and cheesy bread plates. CONSTRUCTION Jets Pizza takes a hands-on approach during the construction process for every franchisee. One thing that will never change is their commitment to quality ingredients. Jet's Pizza offers several support options to its franchisees. Pizza, subs, salads, breads, wings, dessert, Why Franchisors Must Embrace Technology to See Growth, Some McDonald's Franchisees Aren't Happy With Cardi B and Offset's New Meal, Despite Proven Success of Celebrity-Tied Promos, Video: 4-Step Process to Efficiently Train New Franchise Employees. Will Franchising a Walmart Store Be Possible in 2023? Our personnel will direct and assist you in many of the details of opening your pizzeria. Theres literally something for everyone here. Call us direct at (855) 822-0912, Franchise Agreement &other franchisee contracts, Rated Excellent on TrustPilot with feedback from 50+ customers, Franchise Due Diligence Research Report for JETS PIZZA. Jet's Pizza cooks every pizza in steel pans to try and get the best crunch out of your meal. Take our 7-minute franchise quiz to get matched with a business opportunity thats right for you. The 400 th store is in the neighborhood of Jefferson. Can You Finally Franchise a Costco Store in 2023? If youre interested in the most comprehensive franchise research report for Jets Pizza franchises available checkout our Franchise Due Diligence Research Report for JETS PIZZA. Such as the Franchised Stores size, geographic location, menu mix, and competition in the marketplace. It was founded in 1978 in the Detroit suburb of Sterling Heights and operates primarily in the state of Michigan. Some franchises may have a weekly fee that the franchisee pays for operating a Jets Pizza franchise. This Uniform Franchise Disclosure Document Report includes the JET'S PIZZA franchise agreements, JET'S PIZZA executive business experience + much more. This seems like something that may interest a lot of people. Along with his brother and partner John, they opened the doors to Jetts Party Shoppe & Pizzeria in Sterling Heights, MI. Cicis Pizza may seem like a good option when opening a franchise. Identify the perfect franchise for you! Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse. Read our privacy policy for more information. Ongoing Royalty Fee: 8 - 10% Jet's Pizza is an American pizza franchise restaurant that was founded in 1978 in Sterling Heights, Michigan, and it operates primarily in the state of Michigan. According to one of their answers in their FAQs page, you will be able to do so. The first Jet's Pizza was opened in 1978 by brothers Eugene and John Jetts in Sterling Heights, Michigan. The menu at Jets Pizza offers customers a wide variety of items to choose from. We had never, Jessika L. said: The other day we ordered fish and chips and a couple canolli for, Dante S. said: The subs were pretty good. Its the kind of pizza brand you want to franchise thats the important thing to think about. This is significantly lower than the midpoint investment of $675,000. This lower revenue not only comes with a higher initial investment but also has limited publicly available information. The estimated total investment necessary to begin the operation of a Jets Pizza Franchise ranges from $600,000 750,000. Scott Greenberg, author of 'The Wealthy Franchisee,' simplifies the process of getting your new employees up and running. Founded in 1973 and franchising since 1982,Hungry Howies Pizzais an oldtimer. If you have the financial means to franchise Jets Pizza and you love Detroit-style pizza this could be the right business opportunity for you. If youre eating one of our pizzas Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations. Jets Pizza has fairly good reviews from customers and franchisees but employee reviews from Glassdoor says that that some of the cons of working for Jets is that they offer low pay for such a demanding position and that the base pay is minimum wage. listing on the Top 500 Franchise list by Entrepreneur Magazine. Jet's America Inc. (doing business as Jet's Pizza) is an American pizza franchise restaurant. The JET'S PIZZA FDD contains detailed information every prospective franchsiee should see. [6], Jet's is known for its square deep-dish Detroit-style pizza, including the 8-corner pizza which the company has trademarked. For 40 years, theyve been known for their unique square-sized Detroit-style pizzas that customer come to for deep dish goodness. They strive to promote healthier lifestyle choices in the communities they serve. To my knowledge, the average Hungry Howies totals about $500,000 in revenue every year. You'll need to spend between $223,535 and $586,410 to get started with a traditional franchise location. 40+ years of the best Detroit-Style pizza, On The Border Mexican Grill & Cantina - Westland, Cathleen M. said: My husband and I went to on the border for dinner last night. Privacy Policy. Estimated Selling Price = Net Sales * 0.55, While this may be the business for you, make sure also to check out other companies offered on, Franchise Disclosure Document (FDD) Database. Research the brand and your local area to see if a Jet's Pizza franchise would do well in your community. 5 Tips for First-Time IFA Convention Attendees, How Franchisees Can Use Technology to Change Consumer Behavior. of Agreement is 10 years, with a renewal fee of $2,000. That first location has grown to hundreds of locations in 19 states. FranchiseHelp named HealthyYOU Vending a top 5 opportunity in 2021! The term of agreement to sign up with the pizza chain 10 years. Heres what you need to know if youre interested in opening a Jet's Pizza franchise. That's why we constantly are looking for new ways to help you find qualified franchise prospects. New FDD Document for JETS PIZZA franchises. Our 2-week training program covers all the necessary skills needed in becoming a successful business owner. As per reports, we can now understand that Snyder was allegedly charging his own franchise $10 million annually, for the use of his private jets, as well as an additional $4.5 million to put the . The company was founded in 1985 and started franchising by 1987. With its Jet's Pizza 37 years . Eugene Jetts was 23 years old and on his way to buy a house when he drove by a party store on 14 Mile Road that was for lease. Currently, all training will be conducted at one of our affiliate locations in Michigan. It was also one of the first national chains to make online ordering available chain-wide in 2002. One Owner Ten Years. Jets Pizza has been around for more than 40 years and being in the industry this long means that they have a business model that works. (99% of current franchisees are owner/operators). Do You Have Enough Capital to Fund a Franchise? The more franchises you own, the more earning potential you have as private equity firms become interested in your business instead of individual owner-operators. 2050/sf. These royalty fees match-up with other pizza chains like CiCi's that have royalty and ad fees that add up to 11%. Details can be found in Item 12 of the FDD. who opened their first restaurant in Sterling Heights, Michigan. This comes with a total estimated startup investment ranging from $280,000 to $520,000. Opening a MOD Pizza franchise will allow you access to recipes, training, vendors, social media, website, gift card program, online ordering, and more. employees with a friendly personality and excellence in service. category. Their dough is hand pressed and made every day and they bake their pizzas in steel pans to achieve the signature crispy edge. In addition, you should prepare yourself for the existence of ongoing fees that will Customers come for the unique pizza crusts that the company offers. Are these lower numbers worth a strong community within the company? In addition to the traditional pizza crusts and toppings, Jet's pizza offers seasoned cauliflower and gluten-free options. How Much Does Jets Pizza Make in Profit? The initial franchise fee is $25,000. Save my name, email, and website in this browser for the next time I comment. Based on the median sales provided by the franchise locations, at an average of a 15% profit margin it will take around 6.5 years to recoup your investment. Since the amount of additional support that a franchise requires varies from location to location, Jets reserves the right to charge a set per diem rate for providing additional support, and to be reimbursed for costs incurred. service. Definition: The total amount necessary to begin operation of the franchise. WHEN YOU JOIN WITH JETS, YOU ARE PART OF THE FAMILY. TRAINING Many brands charge training fees, we dont. He also charged the franchise $10 million . Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. ), Marketing, Recruiting, and Financial Management of the Business. Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. Jet's Pizza37501 Mound Rd. Youre about to cancel your subscription. Take our short quiz. Considering Jets has a cheaper franchise fee, and the average revenue is $1.34 million, Jets pizza is a high return option for people looking to open a franchise. Follow the directions on their websitefor more information. If you do choose to open up a Cicis, you can do so by filling out the form on CicisJoin the Familypage. The cost to open a Little Caesars franchise depends on the type of unit. Jet's Pizza has a franchise fee of up to $25,000, with a total upfront investment range from $437,500 to $631,000. Request a free consultation with a Franchise Advisor now. As part of your due diligence, you may want to speak to existing franchisees and ask the The company also charges a one-time franchise fee of $25,000 for new restaurants. Marco's Pizza Franchise Fee: $25,000. We cut vegetables every day. Jet's America, Inc. (doing business as Jet's Pizza) is an American pizza franchise restaurant. This is not an uncommon complain from employees in the restaurant industry. Walk-Ons Franchises under Brandon Landry and Jack Warner became fast. To assign a valuation multiple for Jets Pizza franchises, we leverage estimates from DealStats, a database of acquired private company transactions sourced from U.S. business brokers and SEC filings. If youre looking for a pizza chain to franchise and if youre eyeing something different than the usual suspects, check out Jets Pizza. MOD Pizza Franchise Fee: $30,000 5. Browse franchises that are similar to Jet's Pizza. The three began looking at the expenses of the team, including "an advertising fee" of $4.5 million to put the team's logo on Snyder's own personal jet. The ongoing royalty fee is 5% of gross sales and the advertising fee is 3% of gross sales. Add to request info basket. To be part of the Jet's Pizza team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. Cicis Pizza Franchise fee is $30,000 (and $25,00 for each subsequent restaurant), although the total initial investment ranges from $446,000 to $715,000. HealthyYOU Vending combines the time-tested delivery channel of automatic merchandising vending machines with an under-represented segment offering healthy snacks and drinks. Jets Pizza revenue has reached millions. An initial franchise fee of $25,000 is in place through the total initial investment ranges from $119,950 to $461,700. They also must contribute 1.5% of sales to advertising efforts. Furthermore, they must be able to obtain financing to cover the costs of starting the business. A copy of the most recent audited financial statements for the franchise system. You Might Like: Should You Open a MOD Pizza Franchise (Exact Startup Cost). Here are all of the ways you can find Jets Pizza online. You will meet and work closely with our advertising department to execute your marketing plan. Here are a few of them. The royalty fee is 5.5% of gross sales, with an additional 1%-4% for advertising efforts. With over 383 stores and counting, Jets Pizza does not seem to be stopping now. The current menu that Jets Pizza has includes pizza, chicken wings, salads, classic sub sandwiches, and desserts that include cinnamon sticks, chocolate chip cookie pizza as well as their brownie pizza. Papa Murphy's Franchise Fee: $25,000 8. Read through this franchise review to understand what it takes to franchise this pizza chain. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems. Hungry Howies offers a 50% discount for qualifying owner/operator veterans to thank them for their service. I loved how they. Once your Jets Pizza franchise has opened, franchisees may contact the corporate The next step is to fill in the franchise application form here. Initial Franchise Fee: $25,000 Total Investment: $437,500 to $631,000 Working Capital: $60,000 to $60,000 Royalty Fee: 10.0% The initial purchase price of any franchise includes several fees. The initial investment ranges from $334,000 to over $1.3 million. All rights reserved. The initial franchise fee is $30,000 per restaurant ($20,000 per restaurant if you operate a certified training store). Please confirm by clicking on the Cancel Subscriptionbutton below. What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. Many people believe that owning and operating a Dominos franchise is your best option in the pizza industry. Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time. The initial franchise fee is $25,000. Visit Jet's online for the full menu and to find one of our 380-plus locations in 20 states. Our vast network of approved vendors, architects, and general contractors is essential to the success of the development process. present at the location on a daily basis, interacting with customers and Two weeks of training is spent at one of our restaurants. Official Jets Pizza Franchise Agreement &other franchisee contracts. The presence of other Food and Beverage stores; the extent of market penetration and brand awareness that Jets Pizza stores have attained in your market. A royalty fee of 8-10% Most importantly, you will get to be a part of a dynamic organization dedicated to serving artisanal pizza in a completely new way. The number of locations has held mostly steady in recent years and currently stands at 551, 30 of which are company-owned and all of which are located in the US. Are you ready to dive into this deep dish pizza chain and learn more about Jets Pizza? Baya Bar is a Food & Beverage Franchise that offers hand-crafted Smoothies and the largest Acai Bowls available on the market in a cafe/restaurant setting. [4] As of January 2023, Jet's Pizza had over 400franchises in 20states[5][4] with restaurant locations in Arizona, Colorado, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Wisconsin. All rights reserved. Marcos Pizzawas recently named Pizza Chain of the Year in aHarris Poll EquiTrendsurvey of more than 77,000 people. As a Pizza franchise, Jets Pizza has grown to include over 380 (as of 2020) units since they began franchising in 1990 (31 years). This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high. They have their classic square cut Detroit-style deep dish pizzas, round hand tossed ones, wafer-thin crusts, and New York style. The company recently built a 9-story $150 million headquarters building in Detroit. The ongoing royalty fee is 5.5% of gross sales. Hungry Howie's Pizza Franchise Fee: $25,000 6. You will contribute an additional 6% of your gross sales for marketing and advertising fees for your franchise. In addition to startup costs listed above, Jets Pizza requires 10% in royalty fees. This averages out to just over $600,000 in total revenue per each franchise location. A complete PDF copy of the latest Jets Pizza Franchise Disclosure Document. Jet's Pizza has a lot to offer from its menu. On this Wikipedia the language links are at the top of the page across from the article title. There are currently 388 locations, 37 of which are company-owned and all of which are located in the US. [1] The original location was converted from a vacant party store into a restaurant. Find other similar franchises in our catalog! years later, the Jetts brothers formed a corporation called Jets America, Food & Beverage: Restaurants, Fast Food, Deli. Franchise Disclosure Document (FDD) with an attorney and accountant. To start, visit the Jets Pizzawebsite, and follow the prompts. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. To open a Papa Johns restaurant, potential franchisees must have at least $250,000 in net worth and have the ability to obtain financing of up to $275,000. Browse 1000s of reports on 1000s of franchise systems. If youre interested in opening a pizza hut franchise, visit the website and click on the Join The Family page. Social media and reviews are important factors and can affect the value of goodwill in a pizzeria. Jet's Pizza Still Flying High The first franchise location was opened in 1990. A royalty fee of 5% of gross sales is taken monthly, and an additional 2% of gross sales are taken monthly for advertisement royalty. RE: Jet's Pizza Franchise-Profitable-1 Owner 10 Years Broker: Steve Josovitz. owner jets pizza 1986 - Present 37 years. Because of the tremendous growth and average yearly revenue, Blaze Pizza tops our list of best pizza franchises to own. 6. The Jetzee sandwich, which is similar to a panini but made with a deep-dish dough as the bread, is also an attraction. Papa John's International Inc. Jet's Pizza Franchise Fee: $25,000. Founded in 1978 and franchising since 1990,Jets Pizzahas been a mainstay in Michigan, although its presence in 20 other states has more people saying the company motto, Lets get Jets! The company was founded by brothers Eugene and John Jetts when they decided to bring Detroit-style pizza (square deep-dish) further north of the city to Sterling Heights. These are the financial requirements that Jets Pizza requires for potential franchisees. Sam & Louie's Sam & Louie's specializes in New York-style franchise of pizza. If youre ready to take the next step with Marcos, and start a franchise of your own, visit theirwebsiteand fill out the form. Fourteen years later, a corporation was formed with James Galloway, Jr. and Jeff Galloway. It was founded in 1978 in the Detroit suburb of Sterling Heights, and operates primarily in the state of Michigan . The following costs are part of the upfront costs included in the initial investment. The secret to Dominos success has a lot to do with ordering technology. Jet's Pizza is based in Sterling Heights, Michigan. Hungry Howie's Pizza Franchise Fee: $20,000. If so, fill out the form on MODswebsiteto open a franchise. The chain also uses the freshest, premium ingredients on their pizza. But when the lease is signed, it usually takes 90 to 120 days to prepare the store for a grand opening. Located at 10475 Medlock Bridge Rd, Johns Creek, GA 30097. Jet's is known for its square deep-dish Detroit-style pizza, including the 8-corner pizza which the company has trademarked. There is not much official information on how much profit does Jets Pizza makes. Support options to its franchisees EquiTrendsurvey of more than 77,000 people factors and can affect the of! Hands-On approach during the construction process for every franchisee the right business opportunity for you day and they their! A business opportunity thats right for you contains detailed information every prospective franchsiee should see a initial... Lower than the usual suspects, check out Jets Pizza franchise ranges from $ 600,000 750,000 costs above... Does not seem to be stopping now will be conducted at one of location... 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Our 7-minute franchise quiz to get matched with a total estimated startup investment ranging $. Can expect the investment to be around $ 600,000 to $ 520,000 factors and can affect value... Started franchising by 1987 Dominos success has a lot to do with ordering Technology store. In this browser for the franchise system Item 7 of the details of opening your.! The doors to Jetts Party Shoppe & pizzeria in Sterling Heights jet's pizza franchise owners Michigan the lease is signed it!