Photo: Justin Sullivan / Getty Images
Domino’s Pizza is currently the number one pizza chain in the United States, and it is not for less, since has more than $ 7, million annual sales with its more than 6, 000 stores , which, on average, have more than $ 1 million in annual sales each one.
Even with the coronavirus pandemic, Domino’s was able to adapt quickly by attracting new customers seeking food delivery options while in quarantine.
Domino’s franchisees have reported that six-figure income is possible from their restaurants, and more than half of franchisees own more than one branch , so it is not surprising that there is an increase in the number of people wanting to own their own Domino’s Pizza.
If this is your case, take into account that you will need to prove that you have $ 75, 000 dollars in liquid assets (which are those that can convert to short term cash), in addition to paying a franchise fee of $ 25, 000 Dollars. This is all just for Domino’s to consider for a branch opening, as reported in Mashed .
After this, and if you are accepted to open a franchise, the total investment can be between $ 95, 000 and the $ 462, 000 dollars , and you must pay a royalty rate of 5.5% of sales to the chain.
Another thing to consider is that more than 95% of Domino’s franchisees started out as employees of the chain, where they learned the skills needed to run a franchise.
– You may also be interested in: A calculator tells you how much money you will receive from the second stimulus check. We tell you how to use it