Entrepreneur: Start & Grow Your Business

Pizza Hut

Quick-service pizza restaurant

Year began: 1957 Franchising since: 1959
While college students in Wichita, Kansas, Frank and Dan Carney were approached by a family friend with the idea of opening a pizza parlor. Inspired, the brothers borrowed $600 from their mother, purchased secondhand equipment, and rented a small building on a busy intersection in their hometown. With that, the first Pizza Hut opened its doors in 1958. More than 40 years later, Pizza Hut has locations throughout the world serving its specialty pizzas.

Pizza Hut is owned by Yum! Brands, parent company of Taco Bell, KFC, A&W Restaurants, and Long John Silver’s.

14841 Dallas Pkwy.
Dallas, TX 75254

Phone: (866)298-6986
Fax: (502)874-8848

Franchise Growth

Year

2008
2007
2006
2005
2004

U.S. Franchises

4,757
6,079
--
5,851
4,725

Canadian Franchises

0
0
--
246
0

Foreign Franchises

3,802
3,802
--
3,625
2,562

Company
Owned

2,804
2,804
--
2,631
2,544

Where Seeking Franchisees

Nationwide

Worldwide

Costs & Fees

Total investment: $1.1M-1.7M
Express/kiosk option available
Franchise fee: $25K
Ongoing royalty fee: 6.5%

Type of Financing Available
	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	No
Equipment	No	No
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Qualifications

Net worth requirement: $1M
Cash liquidity requirement: $360K
Business Experience:

Industry experience
General business experience
Marketing skills

Training & Support

ONGOING SUPPORT

None

Rankings in Entrepreneur magazine 2004-2008

Franchise 500® rank:
#4 (2008); #12 (2006);

Ranked #1 in category in:
2008;

Fastest-Growing Franchises:
#23 (2008); #2 (2006);

America's Top Global Franchises:
#9 (2008); #5 (2006);

Last Updated: 9/4/2008 12:00:00 AM