HOW TO FRANCHISE

A STEP BY STEP GUIDE

Learn
1. LEARN
  1. Target Minimum Financial Requirements: Net Worth of $500K, and 500K in Assets (350K maximum for financing & 500K Liquid/ Cash). If you feel you meet these criteria, proceed to the next step. Note: Very few exceptions are granted.
  2. Owner-operator strongly preferred.
  3. There is no application fee to apply to be a franchise.
  4. If approved, there is a one time $25k franchise fee.
  5. Start-Up Costs are estimated to be about $600-750k depending on state and location. This estimate includes the following: Lease deposit, computer system, equipment, fixtures, small wares package, exterior store sign, leasehold improvements, insurance, beginning inventory, architectural design, grand opening advertising, miscellaneous working capital.

NOTE: There is a Franchise Disclosure Document (FDD) that outlines rules and additional operating costs. Because it contains proprietary information, we only give this out to candidates who have completed the application process.

Apply
2. APPLY
  1. Candidate completes on-line pre-qualification questionnaire
  2. An auto-generated email is sent to passing candidates inviting them to call a franchising representative
  3. The franchising representative conducts candidate interview to confirm pre-qualification criteria, and determines if this is a good match for you and for Jet’s Pizza®
  4. Minimum Financial Requirements
    1. Net Worth — $500K
  1. Application is sent to passing candidates via email. The following documents are required:
    1. Completed Franchise Application and Personal Finance Statement (PFS)
    2.  CPA Opinion Letter to validate PFS
    3. Review Franchise Disclosure Document (FDD) and submit signed receipt
    4. Updated Resume
    5. No Application Fee

NOTE: There is a Franchise Disclosure Document (FDD) that outlines rules and additional operating costs. Because it contains proprietary information, we only give this out to candidates who have completed the application process.

Interview
FRANCHISING INTERVIEW
  1. After reviewing the required documents, the franchising representative will further determine if this is a good match for you and for Jet’s Pizza®
  2. Discuss acquisition opportunities or new restaurant opportunities that may be available in select markets
  3. Looking for owner / operator
TRANSACTION SELECTION
  1. Franchising works with candidate to identify appropriate new development opportunity
OPERATIONS INTERVIEW
  1. Interview with the respective Division Vice-President
  2. Candidate submits business plan for review and approval
  3. Determine training requirements

NOTE: There is a Franchise Disclosure Document (FDD) that outlines rules and additional operating costs. Because it contains proprietary information, we only give this out to candidates who have completed the application process.

Approval
TRANSACTIONAL APPROVAL
  1. Transactional Approval
  2. Capitalization Plan
  3. Financial Review
FINAL APPROVAL
  1. Franchisee transactions must result in well capitalized, growth oriented buyer groups which help to optimize and strengthen the markets they enter.

NOTE: There is a Franchise Disclosure Document (FDD) that outlines rules and additional operating costs. Because it contains proprietary information, we only give this out to candidates who have completed the application process.

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