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Our Little
Little Caesars Franchise Review and Cost
The Famous "Pizza Pizza"
Back in 1959, Marian and Mike Ilitch opened their very first pizza bistro in Garden City, Michigan. The restaurant served traditional Italian dishes such as spaghetti and fried chicken but pizza proved to be its best seller. The owners then realized that the future of their business lay in that direction. Two years later, they established another location, and the first Little Caesars franchise officially began in 1962. After 10 years, the Little Caesars franchise reached its 50-unit mark that includes one location in Ontario, Detroit. Came 1980, the Little Caesars franchise reported $63.6 million in sales from 226 locations. The company's "Pizza Pizza" advertising campaign, which offers two pizzas in a single takeout order, became a fad in the Midwest. Little Caesars franchise for sale popped up anywhere in the country throughout the 80s. By 1989, its corporate sales remarkably increased to five times the figures at the start of the decade. Below are interesting facts about the Little Caesars franchise.
Little Caesars Franchise: A Quick Review
There are thousands of Little Caesars franchise branches across the US and in different foreign countries around the globe. You can actually spot a Little Caesars franchise in Honduras, Korea, Dominican Republic, Slovakia, and the Philippines. Little Caesars still has ongoing plans to expand and develop not only in Canada and US, but also overseas. Exposure is an essential advantage in owning a franchise. Fortunately for Little Caesars, the company has locations in various regions nationwide. Among its major move is its collaboration with another Detroit-based retail company called K-Mart. Today, there are about 1,500 Little Caesars franchises situated in K-Mart outlets all across the country.
Little Caesars Franchise for Sale Costs
To buy a Little Caesars franchise, you need to be prepared to pay around $15,000 to $20,000 for the franchise fee. This amount is due once your application and location proposal have been accepted by the corporate office. Prospective Little Caesars franchisees who are interested in a single franchise location should have a net worth of at least $150,000; $50,000 of which should be in cash. A Little Caesars franchisee applicant must be financially ready with the initial investment amount of $200,000 to $600,000, covering the standard carryout site - a 2,000 square feet floor space that is usually situated in strip malls. Expect a bigger initial investment if you are planning to buy and run a modern store situated in a standalone building. Here is an example and approximate breakdown of a Little Caesars franchise costs:
- $50,000 to $250,000 - for improvements and construction of an existing location
- $15,000 to $27,000 - as startup inventory
- $80,000 to $170,000 - for equipment, signage, and fixtures
- $10,000 - for training and grand opening expenses
- $1,500 to $5,000 - for rent • $500 to $1,500 - for insurance
- $1,000 to $5,000 - for utilities
- $20,000 to $50,000 - operating expenses for three months
How Little Caesars Helps the Community
A lot of entrepreneurs these days do not just look for lucrative or attractive business ventures. They also look for franchises that do something good to the communities where they live. Owners of the Little Caesars Corporation encourage all Little Caesars franchisees to become involved in any one of the charitable programs sponsored by the parent company. Its most popular charitable event is the Little Caesars Love Kitchen, which is a travelling pizza kitchen inside a tractor-trailer that goes around the US and Canada. The program aims to reach out and feed the homeless, as well as provide nourishing meals to disaster survivors. Little Caesars also offers specialized franchising program for all military veterans.
About the Author
Make sure you do your research before buying a franchise or any business. GlobalBX.com is a FREE business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with over 36,000 businesses and franchises for sale, complete business broker, and business loan directories, as well as comprehensive information for all entrepreneurs.
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