Pizza Pizza Ltd.

Pizza, chicken & sandwiches

Background

Founded: 1968 Franchising since: 1975
After serving for three months as an unpaid apprentice at a pizzeria, Michael Overs founded Pizza Pizza in downtown Toronto in 1967. Each location serves classic and specialty pizzas (such as Bacon Double Cheeseburger), stuffed sandwiches, oven-toasted sandwiches, chicken nuggets, buffalo wings and salads.

580 Jarvis St.
Toronto, Ontario M4Y 2H9

Phone:
(800)263-5556/ (416)967-1010

Franchisor is a privately-held company with 150 employee(s); 10 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2005	0	269	0	63

Where Seeking Franchisees
Not available in the U.S.

Exclusive territories available.
Territory size: 10,000+ population

Costs and Fees

Total investment: $350K
Franchise fee: $30K

Ongoing royalty fee: 6%
Term of agreement: 5 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Third-party financing source(s): chartered banks

Qualifications
Net worth requirement: $200K
Cash liquidity requirement: $125K

Operations

10% of all franchisees own more than one unit
Number of employees needed to run franchised unit: 4
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)