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Leo Gomez
Leo Gomez

How Much Is It To Buy A Little Caesars Franchise


How much will it cost to start a Little Caesars Franchise? The total cost to open a Little Caesars is $360,000. This estimates includes the $20,000 franchise fee required to get started.




how much is it to buy a little caesars franchise



You might love Little Caesars pizza, but you might be a little bit concerned about the cost that comes along with starting a Little Caesars franchise. You might also be interested in the profitability of owning a location and whether you qualify for an application to start one of the pizza franchises.


In any case, Little Caesars is a popular fast food pizza chain. There is a ton of opportunity for franchise businesses. The carryout model has become popular in America, especially as many people are busy and cannot afford to spend much time cooking or eating out.


To start with, opening a Little Caesars franchise means that you need to have a minimum net worth of $350,000. This might sound like a lot, but by the time you factor in all of your assets, it might not be that much. You might have a house, car, and savings to combine. By the time you combine these assets, the total value of all of them might be $350,000. You will need to add the value of your assets and subtract the outstanding debt on the assets. Combined, you should have at least $350,000 in net worth.


In any case, SBA loans can help make the initial operating phase of a Little Caesars franchise much less expensive in the sense that a business owner does not have to fund everything up front. You might be able to use these loans to help facilitate additional capital your business needs to expand as you begin.


If you are looking to infuse cash into your Little Caesars franchise quicker, using an alternative lender (like Biz2Credit!) is a great option. The application process is generally much shorter, and you can get approval for funding for your business opportunity quickly. The qualifications for a loan are also less stringent. However, the interest rates with alternative lenders will usually be higher to compensate the lenders for the additional risk.


This is another Little Caesars initiative that could only be possible with the help of volunteers and franchisees. Million Pizza Giveaway is meant to show healthcare workers, first responders, and soldiers appreciate how much their service means to their community.


Is a sumptuous way to get involved in the food industry. With a proven business prototype track record and a strong brand. Little Caesars is a great choice for those looking to start their own business. With a little hard work and dedication, you could be running your own Little Ceasars franchise in no time.


When asked why he didn't open his own pizzeria after gaining so much real-world knowledge, Armstrong said being a franchisee affords him networking that's unparalleled. Everyone in Detroit knows Little Caesars and the Illitch Foundation (owners of the Little Caesars brand). This is especially true with the addition of Little Caesars Arena, home of the NHL's Detroit Red Wings and the NBA's Detroit Pistons.


The Little Caesars Veterans Program, now in its 16th year, provides honorably discharged veterans and Gold Star families financial incentives to open a Little Caesars franchise of their own. These individuals receive benefits when opening a franchise store through the Little Caesars Veterans Program, including a franchise fee discount, equipment and supply discount, and financing assistance, as well as advertising and publicity support, among other benefits. Today, there are hundreds of veteran-owned Little Caesars stores across the country. For more information about becoming a Little Caesars franchisee, visit www.franchise.littlecaesars.com.


Without looking at the big picture, you could make a poor investment. The same goes for a franchise. You have to carefully weigh the pros and cons, as well as the potential financial benefit before making a decision, regardless of the franchise purchase price or how much you appreciate their business model.


The company also cut back severely on delivery to focus on carry-out. After the first 18 months, the historically private company went public with the initial results: double-digit sales increases for those 18 months, and 11 percent sales increases overall (same store sales) for 2002. Today, says Scrivano, the company is enjoying its seventh consecutive year of growth. While he would not confirm or deny any numbers reported by outside sources, nor release any himself, a company profile in Forbes magazine last October reported Little Caesars had 2,300 stores, annual system growth of 10 to 15 percent, and an estimated net of $80 million on system-wide revenue of $1.4 billion in 2006, up from $1.2 billion the previous year. The profile also noted that during its hardest times, the company closed 750 underperforming stores, which it estimated at 25 percent of the total. (A pizza trade publication reported the company closed 400 stores in a single day in 1999.) For the U.S., the company's current UFOC (March 31, 2007) reports 1,381 franchises and 393 company stores (up from 1,176 franchises and 375 company stores in 2005; and 1,095 franchises and 365 company stores in 2004). Additionally, at the end of 2006, Little Caesars had 223 units located in Kmart stores. However, that franchise agreement expired and discussions with Kmart for renewal or other arrangements were still under way at press time. In March 2006, Little Caesars announced plans to add hundreds of stores worldwide, with a focus on the U.S. In February 2007, the company stated it had exceeded those plans by opening "several hundred stores worldwide, the majority in the U.S.," located in 32 states and 9 countries. For 2007, the UFOC projects 198 new franchises and 58 new company stores in the U.S. The company is moving back into markets it had abandoned, including Denver, Pittsburgh, Dallas, Indianapolis, and the Pacific Northwest, and is expanding in others where it has remained, such as Atlanta. "We have areas where we're under-penetrated," says Scrivano. "We believe we can build over 1,000 stores just in the Northeast." Its current promotion, $5 Hot-N-Ready pies, ready to go when the customer arrives, is proving a big boon for growing the brand, much as its buy-one-get-one-free Pizza! Pizza! campaign was in 1979. Another way the company is attempting to accelerate its growth and recovery is by offering multiple-unit opportunities for the first time in its history under a new program, implemented just a few months ago. In the past, says Scrivano, developers with the means to develop multiple stores would start with one restaurant, then add more, one at a time. The new program, he says, is in response to demand from both franchisees and outside prospects. "We sent notice to all our franchisees," says Scrivano. "All existing franchisees have first priority." As part of the overall plan to find quality franchisees, in 2005 Scrivano started a program in which corporate staff spend a week or more working side-by-side with franchisees in their stores (for more details, see Training story, page TK). One intended result of this program, besides the obvious benefit of building connections between Detroit and store owners, is to open a career path option for people at corporate to become franchisees.


Memorable first job: Amato Brothers (pizzeria), almost four years. I learned a lot from that owner, who was there every day. It probably set my work ethic from day one. Of course my late father had a lot to do with that: Work hard, do your job, and things will take care of themselves. I'm number 5 of 10 kids. Key education: I didn't finish college. I always joke I have an MBA - mop, bucket, attitude! I learned that from David Thomas at Wendy's. From 1987 to 1991 in Los Angeles my brother and I opened 110 Little Caesars restaurants, 25 of them in 6 months. We did it all: real estate, marketing, HR, training - and we opened an office and a warehouse for food distribution. Role model(s): My Dad. And Mike Ilitch - he's always been there for me. Currently reading: John Miller's QBQ! The Question Behind the Question: Practicing Personal Accountability in Work and in Life. I will buy it for all my managers. Best business book ever written: The Bible Others say you are: Very driven, very focused. I have a high passion for what I do. Business news sources: Internet mostly, papers Favorite web sites (besides your own): The one I check every day is our bank. Franchise systems (besides your own) that are creative: In-N-Out Burger. If it were a franchise I'd buy one. It's family owned, they own all their stores, and have been doing the same thing since 1948: burgers, fries, and shakes. If you can continue to execute and have a great product, customers will come back. I sure hope Little Caesars will do that, because it's working. New products are okay, but I don't want to see it complicate the operations and the business. McDonald's got into trouble when they tried to be everything to everybody. In December 1998, I met with Gordon Teeter, Wendy's president. He told me, "Don't ever let your marketing department change the way your kitchen operates." Best advice anyone ever gave you: From my Dad: Never give up. Keep plugging away. Best advice you ever gave anyone: Same Biggest project for the year: Continuing to grow the business from 5 up to 7 restaurants. Offer people opportunities, have a solid Little Caesars brand in Colorado Springs. See my little Scion with all the signs. Think good things. Everyday success, one customer at a time. What you do to unwind: I don't. I have a nice Harley sitting in the garage I'd like to get out on. I play a little hockey once a week. Learn how to relax is what I need to do. 041b061a72


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