Figaro's Pizza
Date Incorporation: 1986
Franchising Since: 1986
Headquarters: Oregon
Description: The franchisee will establish, develop and operate a business for the retail sale of a limited menu of pizzas, lasagna, calzones, beverage products and other menu items prepared in accordance with specified recipes and procedures using the trade secret food products and utilizing the trade secret process.
Franchise Offer: The franchisor grants to qualified persons or entities the right to establish and operate individual retail food facilities under the name Figaro's Pizza.
The franchisor also grants to qualified parties multiple franchise agreements to develop and operate more than one franchised store within an exclusive geographic area.
The franchisor grants master franchises.
Financial Assistance: The franchisor does not provide any direct or indirect financing.
Training and Assistance: The franchisor, or relevant master franchisee and staff, will train the franchisee and a designated manager before beginning operations of the first franchised store for a minimum of twosix-day weeks. To facilitate the opening of the franchised store the franchisor will send one its representatives for 9 to 14 days during the first one to two months operation to assist the franchisee in establishing and standardizing procedures and techniques essential to the operation of the franchised store and will assist in training personnel. The franchisor, or the relevant master franchisee and staff, may provide and conduct refresher training programs or seminars at a location designated by the franchisor. They will conduct seminars and refresher training programs at the franchisee's expense.
Territory: The franchisee will not receive any exclusive territory. If the franchisee is purchasing a standard franchise, the franchisor will grant the franchisee a geographic area called the designated area.
Term of Agreement and Renewal: The term of the franchise agreement is 5 years. It can be renewed for additional successive terms of 5 years if all of the conditions in the franchise agreement have been met.
Obligations and Restrictions: Each franchised store owned by the franchisee is to be at all times under the direct on-premises supervision of the franchisee, or a trained and competent employee acting as a crew leader or manager. The franchisee, any owner who owns 50.1 % or more of any franchisee legal entity, any general partner (if it is a partnership) or the full-time manager, must devote full-time energy and best efforts to the management and operation of the franchised business.
The franchisee will offer for sale and sell at the Figaro's store all types of menu items, trade secret food products and other categories of food products that are periodically approved by the franchisor. The franchisee will not offer for sale or sell at the Figaro's store any other category of products or use the premises for any purpose other than as described in the franchise agreement.
Total Number of Units: 87 units
Investment Tables:
Initial Investment:
| Expenditures | Low | High |
|---|---|---|
| Initial franchise fee | $5,000 | $52,500 |
| Grand opening advertising | $12,500 | $12,500 |
| Lease acquisition | $2,000 | $6,000 |
| Leasehold improvements | $10,000 | $98,000 |
| Equipment & fixtures | $20,000 | $113,000 |
| Opening inventory | $5,000 | $8,000 |
| Training | $500 | $3,000 |
| Signs | $4,500 | $11,000 |
| Vehicle and marketing wrap for vehicle | $0 | $19,000 |
| Additional funds (3 months) | $15,000 | $35,000 |
| Miscellaneous | $16,500 | $40,450 |
| Total | $101,000 | $398,450 |
Ongoing fees:
| Name of fee | Amount |
|---|---|
| Continuing licensing fees | 5% of gross receipts; minimum of $150 per week from initial opening |
| Advertising fund | 3% of gross receipts |
| Local advertising | 3% of gross receipts; can be increased to 4% of gross receipts |
| Yellow pages advertising | $0 to $1,800 per year at the franchisee's discretion |
| Cooperative advertising | Not to exceed 4% of gross receipts |
| Rebates | All rebates must be given to the Advertising fund |
| Promotional items | Our cost plus reasonable markup |
| Multi-area marketing and discount programs | The franchisee may be required to purchase Marketing Kits at a reasonable price (currently $100), and to participate in extend discounts and give free products to coupon holders. |
| Continuing education | The franchisee will be required to pay his/her expenses as well as his/her employees' expenses in attending these programs |
| Mystery shopper fee | Standard charges by Mystery Shopper service |
| Renewal fee | None |
Date of FDD: 2008
The above information has been taken from the UFOC/FDD of Figaro's Pizza
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