How Much Does a Little Caesars Franchise Cost?
Pizza Pizza Is Good Good
In 1959, Mike and Marian Ilitch opened their first pizza restaurant in Garden City, Michigan. The establishment also served Italian staples such as spaghetti, as well as fried chicken. But pizza was the top seller, by far, and the owners soon recognized where their future lay. They opened a second location two years later, and the first Little Caesars franchise got its start in 1962. By the end of that decade, Little Caesars had reached the 50-unit mark, including one across the river from Detroit in Ontario. In 1980, Little Caesars accounted for $63.6 million in sales across 226 units, and its “Pizza Pizza” ad campaign – offering two identical pizzas in a single takeout package for one low price – was the hit of the Midwest. Little Caesars were popping up everywhere throughout the 1980s, it seemed, and corporate sales in 1989 were more than five times the number at the beginning of the decade. What follows is some valuable Little Caesars franchise information.
Little Caesars Franchise Review
Today there are thousands of Little Caesars franchise locations in the United States and around the world. You may come across a Little Caesars franchise in Manila, Philippines, or Bratislava, Slovakia, or in Korea, the Dominican Republic, Turkey, or Honduras. The company has announced it will continue to expand overseas as well as domestically in the U.S. and Canada. An important advantage to any franchise is exposure, and Little Caesars can be found in all sorts of places. A major coup was the company’s tie-in with another Detroit area retail giant, K-Mart. More than 1,500 Little Caesars can be found in K-Mart stores nationwide. Let’s explore the Little Caesars franchise cost, shall we?
Little Caesars Franchise Information & Costs
In order to buy a Little Caesars franchise, the prospective must come up with a franchise fee in the amount of $15,000 to $20,000. This is due and payable once the corporate office accepts your restaurant site proposal. Individuals interested in opening a single Little Caesars franchise location must have $150,000 in net worth, of which $50,000 (over and above the franchise fee) is in liquid form – cash or some similar financial vehicle. One’s initial investment will range from $200,000 to $600,000 for a standard carryout location – these are typically 2000 square feet of floor space, situated in a strip mall – and more than that if you plan to open a high end store in a standalone building. Some of these expenses break down as follows (all are estimates; your specific requirements may vary). Expect to spend from $50,000 to $250,000 for improvements to an existing space; from $80,000 to $170,000 for equipment, fixtures and signs; from $15,000 to $27,000 for startup inventory; around $10,000 for training and a similar amount to pay for grand opening expenses; plus monthly expenses that include rent ($1,500 to $5,000), insurance ($500 to $1,500), utilities ($1,000 to $5,000), and anywhere from $20,000 to $50,000 to cover the first three months of operating expenses.
Little Caesars Gives Back to the Community
Many people in search of these days are not just looking for a business venture. They also want to do something worthwhile for the community in which they live. Starting with the owners of the Little Caesars corporation, are encouraged to get involved with one of the many charitable movements sponsored by the company. This includes the Little Caesars Love Kitchen, a traveling pizza kitchen inside a big rig tractor trailer that travels across the U.S. and Canada in order to feed the homeless and provide a warm meal to disaster survivors. The company also has a special program for military veterans.