Pizza Inn today announced a new development incentive program for new and existing franchisees which will make it easier to invest in a new Pizza Inn Buffet franchise under the current economic challenges. The program is designed to ease start-up costs for new franchise locations during the first two years of the restaurants operation.
The benefits of the franchise incentive program include 0% royalty for the first full year of operation and 2% royalty for the second full year of operation. The royalty for the remainder of the franchise agreement is 4% of gross sales. Royalties paid are calculated as a percentage of gross sales. Pizza Inn’s 4% royalty rate is attractive when compared to other options in the industry, some of which charge as much as 6% of gross sales. In addition, existing or new franchisees can take advantage of discounted franchise fees by signing up for the chains’ standard multi-unit restaurant development agreement incentive. Multi-unit agreements under the program will be structured as follows… read on.