How to Buy a Pizza Hut Franchise?
Pizza Hut is considered by many pizza fans the most popular pizza restaurant chain from the United States. There is some strong support to franchisees provided by Yum! Brands. But this is not really for everyone. Pizza Hut will only allow someone who has enough restaurant experience and some adequate funds.
Take into account if a Pizza Hut franchise is really for you or not. Pizza Hut wants franchisees committed to run no less than 3 restaurants within 3 to 5 years. It may take up to forty five weeks to open a Pizza Hut due to the preparation and qualification requirements of the company, as well as the entire time to build a restaurant - if we are to assume you will not purchase an existing restaurant. The real benefit to this somehow long wait is that it really reflects the high standards of the company , as well as the determination that the franchisees are really prepared.
Start to research the available opportunities for Pizza Hut franchising. Try to review the Yum! Brands franchise site as carefully as you can.
Get in touch with the company using the official website of Pizza Hut, or by simply e-mailing to the company. You will soon receive a few brochures and forms. You can also ask for someone to get in touch with you by phone and talk about some available opportunities.
Take a decision whether or not you wish to explore "co-branding" or not. This will mean to open a specific restaurant which will sell Pizza Hut products. Such a restaurant will take advantage of a lot more advertising and promotion, as well as a large range of products. However, it will be much more expensive to buy.
Take a decision whether or not you wish to buy an existing franchise or simply establish a new Pizza Hut. A franchise that already exists will most certainly have sales track record, but perhaps will also command a goodwill charge to the present owner. If you may consider purchasing an already established Pizza Hut, you should ask to see the financial records of the franchise going back a few years. Try to be careful if the charge for such an established restaurant may seem a bit low - the company's owner might know something about the region like another similar restaurant being planned in the nearby area or maybe is he might try to bail out.
|