Pizza Hut Franchise Cost – Back in 1958, Frank and Dan Carney, both pupils at Wichita State University borrowed $600 from their mother, bought second-hand gear, and “leased a small building on a busy intersection in their hometown of Wichita, Kansas.” There they started the first Pizza Hut. it used to not have a red roof is now famous that the Pizza Hut brand is known, but has the same basic tenant with this brand now; ie, providing quality pizza pies at cheap prices.
Today, Pizza Hut is owned by Yum! Brands, Inc., the parent company of Taco Bell, Kentucky Fried Chicken, A&W Restaurants, and Long John Silver’s. It is the world’s largest pizza restaurant company with over 6,200 restaurants in the United States and over 4,000 restaurants in 100 other countries. Pizza Hut as a brand also includes many different restaurant formats, including the original family-style dine-in places, shipping, and take-out only places, and even a more upscale Italian bistro concept, which started operating in 2004.
For decades, the quick-service delivery pizza marketplace was dominated by a few major players. In this new millennium, however, that pizza oligarchy has been challenged by a number of young upstarts looking to catch their particular slice of the market. The competition has come from all sides, through menus enlarging to include a generally wider variety of alternatives, to manufacturers who’ve tightened their focus on producing the best pizza pie they could make.
The market seemed to be dictating the customer either wanted everything or else they wanted the very best thing.
In recent years, Pizza Hut has tried to rebrand itself as a business that provides a premium product in a not-so-premium price, using ingredients that are better and coming up with innovative and fresh new flavors and dishes.
Accompanied by a logo change, this was Pizza Hut’s effort to combat the increased competition from the quick-service shipping pizza world.
Their new motto — “The Flavor Of Today” — obviously exemplifies this push for a new identity. It is too early to know if this tactic will have the desired effect, but it seems to be an uphill climb to convince customers that Pizza Hut’s product — that was traditionally reduced quality, reflecting the price point — will be able to compete with new competitors whose entire brands are built on quality.
Izza Hut was making pizza for over 50 years, serving up original -style pizzas offered in a variety of crusts. As America’s first national pizza chain, Pizza Hut has enjoyed constant growth. At present Yum! Brands is the worldwide leader in multi-branding, offering buyers choice, convenience, and value by blending multiple brands under one roof.
Multi-brand opportunities still exist across America, though some have shown less successful than others.Yum! Brands’ multi-brand offerings including Kentucky Fried Chicken together with Taco Bell have shown to be successful, but the Pizza Hut brand has not revealed the exact same sort of achievement when included with other brands. You must commit to building at least 3 restaurants over 3 decades.
Pizza Hut is a portion of an organization that provides tremendous franchise support including advertisements, business training, training, development, and concerted sourcing. Performance Improvement Programs and service are also offered to each new franchisee, along with 12 to 16 weeks of mandatory training.
Yum! Brands offer the power of multi-branding that includes two national media budgets, two category-leading manufacturers, and 2 menus. It may broaden customer appeal, which has the potential to grow the average check size.
Pizza Hut Franchise Information :
- Business Established:1957
- Franchising Since:1959
- Franchise Fee:$25,000
- Royalty Fee: 6%
- Ad Fund: 4.25%
- Total Investment:$297,000 to $2,000,000
- Net worth requirement:$700,000
- Cash liquidity requirement:$350,000
Field offices are situated across the U.S. to support franchised and company-owned restaurant operations.
Pizza Hut represents a strong brand which has demonstrated economic equilibrium over time. Yum! Brands is dedicated to franchising with over 80 percent of its stores possessed by independent franchise operators.