What are the minimum requirements to qualify to be a Pizza Hut franchisee?
Financial:
$150,000 Net Worth, $40,000 Liquid Assets, Strong Credit Report and History
Experience:
A qualified candidate will have successful retail or restaurant business ownership experience or management experience in the restaurant industry.
Passion for Operations:A Pizza Hut franchisee must be fully “hands-on” with the business, be customer focused with strict attention to detail and have the ability to build a team of people and grow their capabilities.
How much does it cost to become a Pizza Hut Franchisee?
The investment required to open/acquire a YRI outlet varies, depending on the cost of the site, the type of unit, and whether you are constructing a new unit or purchasing a franchise for an existing unit. New stores start at around $300,000, plus an initial start up fee.
What fees are payable to Pizza Hut?
An initial fee is payable for every unit opened. Fees vary for each individual outlet type. The franchisee also pays a monthly royalty, advertising contribution and supply chain contribution, all of which are based on a percentage of sales. Additional fees are required in the event of renewal or an approved transfer of the franchise to another franchisee. In some markets, additional fees may be payable for services performed by Pizza Hut.
What do I get in return for your investment?
As a Pizza Hut franchisee, you will enjoy the satisfaction and rewards of owning your own business. But you’ll also enjoy the ongoing benefits of an established global organisation with over 30 years Pizza Hut experience in Australia. Pizza Hut systems and people will support your efforts to grow your business and achieve your goals for profitability.
What training will I receive?
Franchise applicants are required to complete an extensive training program as part of the selection process. This will take from 8 weeks depending on each candidate's past work experience, skills and knowledge. The training includes both in store and class room training sessions. Proficiency must be demonstrated by the trainee at various stages in the training program. Pizza Hut provides the Developing CHAMPIONS training curriculum for the training of Managers and Team Members. The franchisee pays all costs for the Manager and Team Member training during start-up and the ongoing operation of the business.
Can owners of other franchises qualify for a Pizza Hut franchise?
Owners of other franchise operations can qualify for a YRI franchise, provided that they are not in a competing food business (for example, restaurants featuring quick service or similar menu items).
Does Pizza Hut provide financing to franchisees?
Pizza Hut does not provide financing. Pizza Hut can provide contact details of franchise financiers. Pizza Hut does not endorse or promote any of the listed institutions.
Will I be guaranteed a franchise in the market of my choice?
It can take between 3 and 12 months from the beginning of the selection process until a new franchisee is ready to acquire his or her unit. (The time frame can be shorter depending on training requirements.) Pizza Hut cannot guarantee which franchises will be available when a new franchisee successfully completes training and all other approval requirements. So the flexibility to relocate is an asset for franchisee applicants.
Can I select my own store?
Franchisee’s are able to submit a site for approval, our development team will then meet you on site to discuss the opportunity.
What hours will the store be opened?
Stores trade 7 days a week are from 10 am - 11pm (varies by location, concept and day of trade), Peak trade times are 5 - 8pm Thursday through Sunday plus the weekend lunch trade.
Does the franchise need previous restaurant experience?
No experience is required although previous retail/food experience is preferred. Pizza Hut provides a comprehensive 8 week training program in a training store.
Where are the training stores?
The training stores are located in all the capital cities and scattered regionally, we will work with the candidate to train you in a location that suits you.
Does Pizza Hut require the franchisees to operate the store?
Yes. A successful Pizza Hut business requires owner operators. It is essential that the Franchisee becomes personally involved in all facets of the business. You can expect to work many hours, particularly at the beginning. You must be willing and able to perform all duties including hiring and training staff, food preparation, serving customers, cleaning to name a few.
Can a franchisee own more then one store?
Yes. A successful Pizza Hut business requires owner operator's. It is essential that the Franchisee becomes personally involved in all facets of the business. You can expect to work many hours, particularly at the beginning. You must be willing and able to perform all duties including hiring and training staff, food preparation, serving customers and cleaning to name a few.
I own a great site that would suit Pizza Hut, what do I do?
Look up the leasing page of the website. If your site fits the criteria, please send us your site details and photos to [email protected]
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