Nick-N-Willy's Pizza
Date Incorporation: 2001
Franchising Since: 2001
Headquarters: Colorado
Description: Restaurants and outlets sell baked pizzas, baked pizza slices, baked calzones, salads, desserts, chicken wings, other cooked products, beverages and related services. Some restaurants may offer beer and wine. In addition to the above, both restaurants and outlets offer freshly prepared unbaked pizzas, unbaked calzones, pre-cooked chicken wings, and other unbaked items, including desserts to customers to take home and bake themselves in their home oven.
Franchise Offer: Nick-N-Willy's franchise company, which does business as Nick-N-Willy's Pizza, is offering franchises for two types of franchised restaurants that specialize in the sale of made-to-order baked and unbaked pizzas for customers to take home or eat on premises. Nick-N-Willy's outlets offer products that are intended for off-premises consumption only. Nick-N-Willy's restaurants offer products for consumption at the restaurant and away from the restaurant. The franchisor also offers franchises for area development marketing businesses in which the area developer acts as the franchisor's representative within a defined geographic area to solicit and identify prospective franchisees, to assist the franchisor in securing sites for Nick-N-Willy's stores within that development area.
Financial Assistance: If the franchisee is purchasing a development area that has a population of more than 4.5 million people, the franchisor will allow the franchisee to finance a portion of the initial area developer fee. Other than the above neither the franchisor, nor any agent or affiliate currently offer, directly or indirectly, any financing to the franchisee.
Training and Assistance: The franchisee and the person designated to assume primary responsibility for management of the store must attend the franchisee training program, which lasts up to 18 days (plus pre-course work before the training program begins and homework during the program), which includes on-the-job training and activities. In addition, before opening the store, the designated manager must attend and pass a restaurant food safety course offered by the franchisor as part of the initial training. The franchisor does not charge any tuition for the first two people to attend the training course. Training will be conducted at one of the franchisor's designated national training sites in Denver, Colorado, Tacoma, Washington or Vancouver, British Columbia, at a certified regional training store, or a combination of national and regional sites.
Before opening, the franchisor will provide opening assistance, from one or more of its representatives, to assist the franchisee in opening their store for not fewer than five days.
The franchisor will also guide the franchisee in implementing advertising and marketing programs, operating and sales procedures, and bookkeeping and accounting programs.
The franchisor will also provide payroll and bookkeeping services, including preparing balance sheets, profit and loss statements, a detailed general ledger, bank reconciliations, accounts payable checks, various tax reports, and payroll services.
Territory: Except when purchasing the right to develop multiple franchises under the multi-unit development agreement, the franchisee will not receive an exclusive territory.
Term of Agreement and Renewal: The term of the franchise agreement is 15 years and can be renewed for one additional 15-year term.
Obligations and Restrictions: Under the franchise agreement, the franchisee (or, if it is not an individual, the managing owner) or the designated manager must devote full time and best efforts to managing and operating the store. Although the franchisor recommends it, the franchisee does not need to participate personally in the store's on-site operation. The franchisee must offer for sale and sell all of the products, and only those products, approved by the franchisor or specified for the store. The franchisee may not offer for sale any products that have not been approved.
Total Number of Units: 39 units
Investment Tables:
Initial Investment:
Outlet
| Expenditures | Low | High |
|---|---|---|
| Franchise fee | $15,000 | $25,000 |
| Leasehold improvements | $75,000 | $98,500 |
| Store design and construction management fee | $11,000 | $11,000 |
| Equipment, furniture, modular millwork components and POS system | $103,000 | $129,500 |
| Signs | $5,250 | $12,250 |
| Opening inventory | $4,000 | $5,600 |
| Security deposits, utility deposits, business licenses and insurance | $4,800 | $11,200 |
| Pre-opening training (travel and living expenses) | $1,500 | $4,000 |
| Opening advertising campaign | $10,000 | $15,000 |
| Site selection fee | $1,500 | $1,500 |
| Lease review fee | $2,000 | $2,000 |
| Miscellaneous | $2,100 | $4,500 |
| Additional funds (3 months) | $15,000 | $30,000 |
| Total | $250,150 | $350,050 |
Restaurant
| Expenditures | Low | High |
|---|---|---|
| Franchise fee | $15,000 | $25,000 |
| Leasehold improvements | $87,500 | $125,000 |
| Store design and construction management fee | $11,000 | $11,000 |
| Equipment, furniture, modular millwork components and POS system | $135,000 | $165,000 |
| Signs | $5,250 | $12,250 |
| Opening inventory | $5,500 | $8,250 |
| Security deposits, utility deposits, business licenses and insurance | $4,800 | $11,200 |
| Pre-opening training (travel and living expenses) | $1,500 | $4,000 |
| Opening advertising campaign | $10,000 | $15,000 |
| Site selection fee | $1,500 | $1,500 |
| Lease review fee | $2,000 | $2,000 |
| Miscellaneous | $6,100 | $10,500 |
| Additional funds (3 months) | $15,000 | $35,000 |
| Total | $300,150 | $425,700 |
Ongoing fees:
| Name of fee | Amount |
|---|---|
| Royalty fee | 6% of net sales |
| Marketing and promotion fee | Greater of 2% of store's net sales or $125 per week |
| Local advertising allocation | Greater of 3% of store's net sales or $350 per week |
| Regional advertising fee | In lieu of either or both the marketing promotion fee and the local advertising allocation above |
| Initial training program expenses | Costs associated with attending the initial training program as well as workers' compensation for employees + tuition of approximately $150 and costs associated with attending a food safety course. |
| POS system and back office computer maintenance and support services fee | $150 per month (subject to increase not to exceed 10% per year) |
| Renewal fee | 10% of the then-current initial franchise fee |
| Bookkeeping services | $85 per week per store (subject to increase not to exceed 10% per year) |
| Loyalty cards/gift certificates | Minimum initial purchase is $200 |
Date of FDD: 2007
The above information has been taken from the UFOC/FDD of Nick-N-Willy's Pizza
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