What does the estimated initial investment cover?
In order to become a part of THE NEW YORK PIZZERIA® Franchise Team, here are some basic requirements:
- Total Capital Required: $350K to $1.1 million
- Minimum Cash-on-Hand: $200K to $450K
- Net Worth Minimum: $500K
- Financing by Third Party
|NAME OF EXPENDITURE||ESTIMATED COSTS LOW||ESTIMATED COSTS HIGH||WHEN DUE||TO WHOM PAYMENT IS MADE|
|FRANCHISE FEE||$35,500||$35,500*||Upon Signing Agreement||New York Pizzeria, Inc. (Franchisor)|
|REAL ESTATE/RENT (1 MONTH)||$5,000||$13,000||As Incurred||Landlord|
|REAL ESTATE SECURITY DEPOSIT||$5,000||$15,000||As Incurred||Landlord|
|LEASEHOLD IMPROVEMENTS||$72,300||$285,000||As Incurred||Outside Suppliers|
|BUILD OUT COST||$120,000||$480,000||As Incurred||Outside Suppliers|
|EQUIPMENT||$90,000||$120,000||As Incurred||Outside Suppliers|
|P.O.S.||$17,000||$25,000||As Incurred||Outside Suppliers|
|AUDIO/VISUAL||$500||$5,000||As Incurred||Outside Suppliers|
|OUTDOOR SIGNAGE||$7,500||$20,000||As Incurred||Outside Suppliers|
|FURNITURE, FIXTURES||$25,000||$80,000||As Incurred||Outside Suppliers|
|ARCHITECT||$12,000||$20,000||As Incurred||Approved Suppliers|
|UTILITY DEPOSITS||$1,000||$2,500||As Incurred||Utility Companies|
|OPENING INVENTORY||$7,000||$15,000||As Incurred||Approved Suppliers|
|GRAND OPENING MARKETING||$10,000||$10,000||As Incurred||Approved Suppliers|
|INSURANCE||$1,200||$4,000||As Incurred||Employees & Suppliers|
|ADD’L FUNDS (3 MONTHS OPERATING)||$15,000||$40,000||As Incurred||Employees & Suppliers|
|TOTAL ESTIMATED INITIAL INVESTMENT||$466,000||$1,232,000|
The total cost of each location varies by size and location. The estimated totals are based on store size from 1200 square feet up to 4000 square feet.
What does it cost to open a Russo’s?
Is there royalty fee?
Does Russo’s offer financing?
What if I don’t already have a location?
Do I need previous restaurant or franchising experience to become a Russo’s franchisee?
Is Russo’s offering single and multi-unit restaurant franchise opportunities?
How soon can I expect my Russo’s to open?
Where are Russo’s generally located?
Will I receive guidance on purchasing equipment and supplies?
Will I receive assistance in planning my grand opening?
What does your training program involve?
Russo’s training program lasts 6 weeks. No classroom here. You will get hands-on training in a live, existing restaurant, to experience the reality of owning your own restaurant.
On-site training prior to grand openings
- Back-of-the-House training
- Front-of-the-House training
- Initial store setup
- Hands-on crew training
- P.O.S. training
- Recipe training
- Delivery and Catering training
Fully supported training
- 3-4 people
- Lead trainer stays 1-2 weeks post-open
- Ongoing support as needed – FSM (Franchise Support Manager)