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SETUP, ROYALTIES &
FINANCING
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Set
Up Costs
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On average, starting a Papa's Pizza To-Go ranges from $133,600 to $303,200. Many factors, including location and whether a dining area or buffet will be incorporated into the floor plan, affect this amount. Additional monies can be saved by utilizing a previously owned equipment package.
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The following chart will give you a good idea of what you will need to open a Papa's Pizza To-Go Franchise store:
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| ITEM |
LOW
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HIGH
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LOTZ'A
PEPPERONI/
BUFFET
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| Square
Footage |
1,000-1,600 |
1,600-2,800 |
2,800-6,000 |
| Initial
Franchise Fee |
$9,500 |
$9,500 |
$12,500 |
| One
Time Consulting Fee |
$3,000 |
$3,000 |
$5,000 |
| Training
Fee |
$3,000 |
$3,000 |
$5,000 |
| Rent |
$500 |
$3,000 |
$4,500 |
| Lease
& Utility Deposits |
$1,500 |
$3,000 |
$3,600 |
| Leasehold
Improvements |
$30,000 |
$79,000 |
$135,000 |
| New
Equipment Package |
$69,000 |
$90,000 |
$125,000 |
| Initial
Inventory & Supplies |
$7,000 |
$8,000 |
$10,000 |
| Insurance |
$800 |
$2,000 |
$3,000 |
| Training |
$1,500 |
$2,500 |
$7,000 |
| Grand
Opening Advertising |
$1,000 |
$3,000 |
$6,000 |
| Signage |
$3,000 |
$4,000 |
$7,000 |
| Working
Capital |
$3,000 |
$3,500 |
$7,000 |
| Office
Equipment & Supplies |
$800 |
$1,500 |
$3,000 |
| Estimated
Totals |
$133,600 |
$215,000 |
$333,600
to $385,000 |
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Royalties
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The
weekly royalty fee is 5% of net sales.
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Financing
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Papa's Pizza To-Go does not offer financing directly, but we will assist you with arranging financing. In many cases we are able to direct franchisees to financing sources. However, these are third parties, and their decisions will be made independently of Papa's Pizza To-Go, Inc. Usually, financing can be attained with 30% (cash or collateral) of the total start up costs.
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Initial
Franchising Steps
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Franchising
Steps After Corporate Approval
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Determine
and secure approval of location
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Negotiate
and secure terms of lease agreement
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Sign
franchise agreement and pay franchise fee
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Revised
3/8/2004
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Papa's Pizza To-Go, Inc.
4465 Commerce Drive Suite 101
Buford, GA 30518
Phone: 770-614-6676
Fax: 770-614-9095
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