Now that thanks to the great number of people who get vaccinated every day, normal life is slowly coming back, and attendance dining-in is growing, opening your own restaurant may be an option you want to consider. How much money do you need to open a Domino’s Pizza franchise?
Even during the lockdown, when attendance at restaurants was prohibited, food delivery and takeaways were systems that worked well. In times when it is necessary to get creative to generate income, and now that restaurants are open once more, setting up a franchise could be an option. How much money do you need to open your own Domino’s Pizza?
Domino’s Pizza is currently the number one pizza chain in the United States and this is because it generates more than $ 7 billion in annual sales. Each branch of its more than 6,000 locations generates about $ 1 million in annual sales
Even during the economic distress that the coronavirus pandemic brought to many companies, Domino’s was able to adapt quickly by attracting new customers who were looking for food delivery options while they were staying at home.
Domino’s franchisees have reported that a six-figure income is possible at their restaurants, and more than half of them own more than one location.
This is why it is not surprising that there is an increase in the number of people who want to own their own Domino’s Pizza.
If this is your case, bear in mind that you will need to guarantee that you have $ 75,000 in liquid assets (which are those that can be converted into cash in the short term), in addition to paying a franchise fee of $ 25,000.
These, according to Mashed, are the necessary conditions for Domino’s to take into consideration your interest in opening a branch.
If you meet these requirements and are accepted to open a franchise, the total investment needed can range anywhere between $ 120,000 and $ 462,000, and you must pay a royalty rate of 5.5% of sales to the chain.
Another thing to consider is that more than 95% of those who decided to open a Domino’s franchise started out as chain employees, learning the skills needed to run a franchise during that time.