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Food & Restaurants : Figaro's Pizza

It's All About Great Taste Pizza is a $29 billion dollar a year industry in the United States-one of the fastest-growing fast food segments. And Figaro's offers one of the nation's most delicious, highly rated pizzas. Figaro's ingredients are always fresh and of the very highest quality-this is pizza you'll be proud to sell

Figaro's Pizza

Figaro's offers a unique choice of freshly baked or take and bake Italian Pizza, plus calzone prepared to order, fresh made lasagn...
Required Capital: $250,000 - $298,000
Net Worth: $200,000+

It's All About Great Taste
Pizza is a $29 billion dollar a year industry in the United States-one of the fastest-growing fast food segments. And Figaro's offers one of the nation's most delicious, highly rated pizzas. Figaro's ingredients are always fresh and of the very highest quality-this is pizza you'll be proud to sell.

Benefit by Our Popular Concept
Figaro's offers the pizza segment's hottest concept- take-and-bake pizza. Customers can also choose to have our fresh and delicious pizza baked in the store and ready to eat. Plus, we offer other tasty menus items like calzone, lasagna, fresh salads and breadsticks.

Easy to Operate, Easy to Love
Figaro's Pizza locations include freestanding stores, strip centers, inside supermarkets, inside gas stations and inside video stores. And Figaro's is extremely well suited for locations in small communities. With proven success in the take-home-and-bake concept, plus the addition of offering the best baked pizza, Figaro's appeals to a broad segment of the community.

A typical store will employ eight to twelve people at approximately minimum wage. High school students and semi-retired people make excellent candidates. A full-time manager is also required to handle the day-to-day operations. Many franchisees choose to serve as manager. Most stores are open from 11:00am to 9:00pm Sunday through Thursday, and until 10:00pm on Friday and Saturday. You may choose to extend these hours depending on your location and your customer base.

You Get a Total Package
We help with site selection - The right store location can make or break any business. So once you've selected your store location, Figaro's experienced management team works with you to research the site. Figaro's then provides a detailed set of plans. Compared to other food service operations, start-up and overhead operating costs of a Figaro's Pizza franchise are surprisingly low.

We provide a complete business system - Every aspect of the build out, start-up, operation, inventory management and marketing of a Figaro's Pizza unit has been designed to aid you. Because Figaro's only succeeds when you do, our management resources are there to assist you through every aspect of your operation. We're there from the start to train you and get you up and running. Then we provide complete, ongoing operational and marketing support, merchandising assistance, and constant menu development and testing.

What does it cost?
Depending on the leasehold improvements and signage of your unit, the total start-up costs for a Figaro's store will average between $98,500 and $319,000 (U.S. currency). This cost includes an initial franchise fee of $34,500 (U.S.) for your first franchise, of which $9,500 will be spent on your Grand Opening advertising expenses. The initial franchise fee for additional units and multi-unit developments is reduced as described in our disclosure document. These fees are subject to change based solely on the discretion of Figaro's Pizza, Inc. The initial franchise agreement is five years, with options to renew at no additional cost.

Franchisees pay a fee of 5% of gross sales, exclusive of sales taxes, on a weekly basis. This fee permits you to use Figaro's name, trademarks, logos and operating systems and provides access to new product and systems development, purchasing power discounts and continuous and comprehensive ongoing support.

Local store advertising is the responsibility of each franchisee and is mandatory under our franchise agreement. Franchisees are required to spend each calendar month an amount equal to 3% of their gross sales from the preceding calendar month for local advertising and promotion. Most franchisees spend more than this in order to grow their business. Franchisees also must remit a weekly advertising and marketing fee of 3% of gross sales, excluding sales taxes, to Figaro's advertising fund. This fund is used to meet any and all costs of maintaining, administering, directing and preparing advertising materials for the Figaro's chain.

*Entrepreneur Magazine Franchise 500, 2000
**Nation's Restaurant News; 6/25/01
***Pizza Today; Hot 100, 2000

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