Famous Famiglia
Famous Famiglia, established in New York City in 1986, is an award-winning national pizza brand with leading sales in the QSR pizza segment. Dubbed “New York’s Favorite Pizza”™, the pizzeria has earned several leading industry awards that herald its unsurpassed product quality and customer service. Famous Famiglia serves a wide variety of pizzas, pastas, calzones, strombolis, salads and desserts.
Famous Famiglia’s expansion program revolves around building strong and meaningful partnerships with market-leading operators and landlords. Currently the company is focusing on expanding to high-profile markets and locations, such as leading theme parks, airports, universities, travel plazas, shopping centers, sporting stadiums, casinos, arenas and more. Additionally, Famous Famiglia makes a point of giving back to the community that it serves; the franchisor is engaged in various charitable programs and projects, e.g. donating funds to local children’s charities.
| |
Operating Units |
12/31/2008 |
12/31/2009 |
12/31/2010 |
|---|
| | Franchised |
31 |
36 |
36 |
| | % Change | -- |
16.1% |
0% |
| | Company-Owned |
24 |
18 |
19 |
| | % Change | -- |
-25% |
5.6% |
| | Total |
55 |
54 |
55 |
| | % Change | -- |
-1.8% |
1.9% |
| | Franchised as % of Total |
56.4% |
667% |
65.5% |
Investment Required
The fee for a Famous Famiglia franchise is $35,000 for a Standard Unit (e.g. a restaurant with 700-2,500 square feet) and $10,000 for an Express Unit (e.g. a restaurant with 200-600 square feet and a limited menu).
Famous Famiglia provides the following range of investments required to open a Famous Famiglia franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| |
Item |
Standard Unit | Express Unit |
| |
Established Low Range |
Established High Range |
Established Low Range |
Established High Range |
| | Franchise Fee | $35,000 | $35,000 | $10,000 | $10,000 |
| | Leasehold Improvements | $100,000 | $250,000 | $25,000 | $75,000 |
| | Rent | $5,000 | $20,000 | $0 | $3,000 |
| | Equipment, Furniture and Fixture | $60,000 | $85,000 | $30,000 | $60,000 |
| | Signage | $5,000 | $15,000 | $2,500 | $5,000 |
| | Initial Inventory | $5,000 | $12,500 | $5,000 | $8,000 |
| | Architectural/Engineering | $10,000 | $25,000 | $2,500 | $12,000 |
| | Computer and POS System | $10,000 | $18,500 | $5,000 | $12,000 |
| |
Expenses While Training | $2,500 | $5,000 | $2,500 | $5,000 |
| |
Office Supplies |
$1,500 |
$2,500 |
$1,500 |
$2,500 |
| |
Business Licenses and Permits |
$250 |
$1,000 |
$250 |
$1,000 |
| |
Delivery or Catering |
$0 |
$3,800 |
$0 |
$3,800 |
| | Insurance (for first year) |
$1,500 | $2,500 | $1,500 | $2,500 |
| | Opening Advertising |
$5,000 | $5,000 | $5,000 | $5,000 |
| |
Additional Funds (6 months) | $25,000 | $50,000 | $10,000 | $30,000 |
| | Total Investment |
$265,750 |
$530,800 |
$100,750 |
$234,800 |
Ongoing Expenses
Famous Famiglia franchisees pay royalty fees equal to 6% of gross sales for the first 5 restaurants, 5% for each additional restaurant, an advertising fee ranging from 0% to 2% of gross sales, and a cooperative advertising fee ranging from 0% to 2% of gross sales.
What You Get—Training and Support
A franchisee, a general manager and two employees are required to attend a two to four week initial training session conducted at the Famous Famiglia corporate headquarters and a designated company-owned restaurant in White Plains, NY. Training programs cover topics on restaurant operation, management, marketing and accounting, and are offered five to six times a year beginning on Monday mornings. Supplementary training sessions are offered throughout the year.
Territory
Famous Famiglia does not grant exclusive territories, except for the assigned area (i.e. airport, university, shopping mall) in which each restaurant is located.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2011 FDD. The 2011 write-ups will be incorporated into the 2011 Edition of Bond’s Hottest New Franchises publication.
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