Thinking to start Little Caesars Franchise? Then here’s how you can start one. Pizza is one of the many things that can make almost everyone’s mouth water. And, if it is pizza, then Little Caesars can be the best place to look for, and why not? It is the third-largest pizza chain on a worldwide scale for a reason.
It has spread its business by providing franchises not only in the United States but also in the Middle East, Australia, Latin America, Australia, Canada, Asia, and also the Caribbean. As this brand is already so widespread, you can take the chance for investing in a Little Caesars Franchise.
This article includes each and every piece of detail that can make you have a clear idea of how to start a business with Little Caesars. Let’s plunge into it without any waste of time.
About Little Caesars
This amazingly successful pizza chain was established in 1959. The journey of Little Caesars began in a very interesting way, a blind date. It was between Marian Bayoff and Mike Ilitch planned by Mike’s father. After some months the couple tied a knot of marriage.
Marian and Mike invested their savings to start their very own pizza shop. It was located in Garden City, Michigan. Their business was showing victory and so they decided to spread it more. The first franchise outlet was opened in the year 1962 in Warren, Michigan.
Their idea of opening several franchising outlets made their luck take a new turn. The brand gained name faster than ever could have been imagined. It turned out to be one of the quickest expanding pizza chains not only in the US but slowly on an international level.
A company that is running for 60 years with complete success is obviously a good choice for you to start a business by owning one of its franchising units. Also, who would not be attracted to a brand that not only serves quality food but also takes care of the fact that food made is healthy and safe. Also, one of their main visions in running the business is ‘Happiness comes first.’ So, let’s look at the plus points of owning a Little Caesars franchise.
Why Choose Little Caesars Franchise?
The franchisor is mainly Little Caesar Enterprises, Incorporated. At present, the company is coming up with both restaurant franchises and an agreement on territory reservations that grants franchise owners for reserving a territory in order to develop multiple restaurants of the same brand. There are mainly three good points that will make you go for this business without any hesitation.
#1. In terms of Money
The first point here is to start gathering bills for the tax write-offs. Each and every step in starting a franchise business with Little Caesar is tax-deductible inclusive of the office costs, cost of business travel, training fees, location equipment value, business seminars, and also the educational expenses. Also, you can separately keep some money for retirement.
#2. Getting Influenced
While getting into the business you will be getting to be engaged by other franchise owners like you. You can easily approach them in order to learn more about the business and also do the same for other newcomers in the field. Although you get training, this is something priceless.
3.# Contract Period
The time period for each agreement is 10 years which is quite a long time compared to the time settled by many other popular brands.
#4. Marketing Plot
A marketing brand is one of the most difficult tasks in order to make the business go wild. Here, when you are starting your business with a company that is already popular, things become quite easier. What you need to do in such a scenario is to go by the formula that has been proven to operate time and time again.
#5. Definite Gain
The company has more than 3500 franchising outlets only in the United States and more than 1500 franchising units in other parts of the world. Thus, it has proven to be one of the fastest-growing food chains internationally and so it is quite obvious that there is a huge chance of making a great profit by owning a franchising unit of Little Caesars.
It also provides a delivery facility that attracts many customers who want to get served right to their homes or workplaces.
Now that you know the positive sides of getting this wonderful and delicious business, let’s go through all the requirements you need for commencing with the business.
How can You Get a Little Caesars Franchise?
Little Caesars franchise business has proven itself to be quite profitable. Therefore, it will be a good choice if you put your eyes on this brand. Things are not that difficult to purchase one franchising unit. You just need to invest your money in the franchise and profit is infinite. The amount is not very less but is definitely worth investing
Little Caesars Franchise Requirements
Apart from that you need to be highly passionate and should have at least some time of experience in the field of business and handling customers. You can contact them with the details given below in order to apply for a franchise.
Little Caesars Franchise Cost
Here is a complete chart on the investment fees to start with a Little Caesars franchise for easier comprehension.
|Fee Category||Maximum Amount||Minimum Amount|
|Initial Value of the Franchise Cost||20000 USD||15000 USD (only under some particular situations)|
|Rent Value||7000 USD||1500 USD|
|Value for leasehold upgradation||1000000 USD||50000 USD|
|Equipment, fixtures, and signage value||392000 USD||186000 USD|
|Price for Grand Opening Advertising||20000 USD||12000 USD|
|Cost for the training sessions||16500 USD||12000 USD|
|Cost of supplies and inventory||154000 USD||63000 USD|
|Insurance amount||2000 USD||1200 USD|
|Expenses of utilities||7500 USD||1000 USD|
|Cost of permits and licenses||20000 USD||1000 USD|
|Extra fee for 3 months||47000 USD||17000 USD|
|Total Approximate Value||1686000 USD||359700 USD|
This was all about the initial approximate franchise investment. Now, there are also some other payments you need to make to own the restaurant. Here they are as follows.
- The royalty fee is the greater of 6% of the total sales for every 1 week time. Or, it can be 100 USD for every 1 week period.
- The payment of advertisement is up to 7% of the total sales on the basis of the decision of the franchisor.
- The value of Caesar Vision system annual support is 2210 USD for every restaurant per year.
- The cost of each mobile transaction is 0.30 USD.
- The cost for security and technology is 0.02 USD per transaction, be it credit or debit card.
- Online Caesar Vision support fee per diem is equal to 1500 USD each day per technician. It is also inclusive of travel fees.
- The cost of renewal is 5000 USD.
- Charges for relocating your restaurant is 2500 USD.
- Liquidated damages are 250 USD per day.
The company looks for someone very professional and experienced one to make a franchisee. So, you need to submit your previous work experiences in the business field along with your verified legal documents that completely tells them about your identity. The application you submit will be checked thoroughly by the Little Caesar’s franchising team.
Location of the Business
Little Caesars franchise business is being given on the basis of territories. You will be given a place that would be quite suitable for you to run the business, you can choose a spot within a radius of half a mile surrounding that particular spot according to your convenience. But, keep in mind that the territory should be approved by the company.
Little Caesars Franchise Profits
The company itself earns around 4 billion USD every year if seen at present. In 2019, the company made a sale that is equivalent to 3.81 billion USD in the United States. So, it is obvious that a Little Caesars franchise is supposed to earn a good lot. The approximate value amount earned by a Little Caesars franchisee is 37796 USD every year, which is quite a lot of money.
Training Sessions and Employment
Before entering permanently into the business, you will get to attend a training session and that is mandatory for every franchise owner. You have to complete the training session in order to get the validation from the franchisor. You also get training on the job for 1 to 2 weeks.
The classroom training you will be getting is for 1 week along with additional training at the company store. The number of employees you need to run in your franchising unit is completely depending on the area of the Little Caesars franchise. But the range is from 10 to 50.
Contact Little Caesars
Little Caesars Headquarters address:
2211 Woodward Avenue Detroit, Michigan, US.
Call them: 1 800 722 3727
That was each and every bit of the details you needed to know in order to start a business with Little Caesars franchise. Connect with them for running one of the best pizza chains in the world. A high investment can always result in the greatest payback. Also, the food business is something to attract a lot of people around and if it’s pizza, the chances just get doubled. So, hurry because it’s “Pizza! Pizza!”