Rank no.282 – Philly Pretzel Factory – US
Products & Services: Pretzel bakery
Number of Locations: 122
Total Investment: $161.53K – 368.5K
Began Franchising: 2004
About Philly Pretzel Factory
Dan DiZio began selling soft pretzels at the age of 11, on a street corner in his hometown of Philadelphia. After graduating from college, he teamed up with Len Lehman to open the first Philly Pretzel Factory in 1998, and they began franchising in 2004. In addition to hot soft pretzels, Philly Pretzel Factory stores offer pretzel dogs and sausages, cheesesteak-stuffed pretzels, dipping sauces and frozen lemonade.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $25,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Net Worth: $250,000
Liquid Cash Available: $75,000
40% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2 – 3. Absentee ownership of franchise is NOT allowed. (70% of current franchisees are owner/operators).
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|