Jet’s Pizza Franchise Cost & Opportunities 2022 (Royalty + Fees)
Jet pizza franchise is known for its amazing pizza. Are you prepared to learn more about Jet’s Pizza and dive into its beautiful pizza varieties? Then read through to learn more about the jet pizza franchise and what is required to join this pizza chain.
History of the Jet Pizza Franchise
Jet’s Pizza, which was established in 1978, has been franchising since 1990 and has risen to over 200 franchises across several states in the United States. Jet has implemented strong standards and business secrets that have helped franchises succeed.
Each Jet’s Pizza franchise employs business criteria that have been verified and proven to raise each Jet’s Pizza location to the stability required by corporate standards.
The ideology at Jet’s is simple: ‘Pizza should be fun,’ says John Jett, who co-founded Jet’s Pizza with his brother Eugene.
‘If you’re eating one of our pizzas and you’re not smiling, there’s something wrong.’
Jet’s is looking for franchise owners who are committed to the business and will be present at the outlet daily, socializing with customers and staff with a pleasant attitude and providing excellent service.
Cost of Jet Pizza Franchise
Investment ranges from $600,000 to $750,000, with a licensing fee of $25,000. To franchise this pizza chain, you must have a minimum of $500,000 in cash assets and a net worth of $500,000.
Fees and Financial Requirements
Jet’s Pizza has the following financial obligations for prospective franchisees.
| Fees | Amount |
| Net Worth | $500,000 |
| Franchise Fee | $39,500 |
| Total Investment | $350,000 to $1.50 million |
| Liquid Capital | $200,000 |
Jet’s Pizza franchise requires a 10% royalty fee besides the startup costs mentioned above. These royalty fees are comparable to those charged by other pizza chains, such as Cicis, which charge a combined royalty and advertisement fee of 11%.
The term of the contract to join the pizza chain is ten years. Jet’s Pizza offers veterans, particularly US Military veterans with valid ID, a 50% discount on the franchise fee.
Annual Sales / Revenue Average
Jet’s Pizza has made millions of dollars. In 2021, the company’s revenue was $343 million. This represented a 3.5% increase in sales over the previous year.
While the overall revenue of Jet’s Pizza is far below that of bigger chains such as Pizza Hut, it is to be expected given the company’s smaller unit count. According to 2020 projections, the annual income per unit of Jet’s Pizza was $895,561.
Facts About Jet Pizza Franchise
Jet’s Pizza began in 1978, when brothers Eugene and John Jett started their first pizzeria in Sterling Heights, Michigan. Jetts Party Shoppe and Pizzeria was born, and they began selling deep-dish pizzas, beer, wine, chicken, and seafood.
Because of the success of their pizzeria, they franchised in 1990 and changed the name to Jets instead. This expanded to 390 locations across the United States.
- Jet’s Pizza’s current menu contains pizza, classic sub sandwiches, chicken wings, salads, and desserts such as chocolate chip cookie pizza, cinnamon sticks, and brownie pizza.
- Jet’s Pizza still uses Mama Jett’s pizza sauce, which they assert is a secret recipe. On their pizza, the chain also uses the freshest, highest-quality ingredients.
- Their dough is hand pressed and made daily, and their pizzas are baked in steel pans to get the classic crispy edge.
- To join the Jet Pizza franchise, make sure you meet the financial obligations listed on the pizza chain’s website, or in this case, the ones listed above. The following step is to complete the franchise application form.
Following submission, an auto-generated email is sent with an invitation to contact a Jet’s Pizza franchise official. If you meet the preliminary criteria for becoming a franchisee, you will be contacted.
Following this, another interview will take place to discuss site development, business plans, and skills required.
After that, you’ll wait for your payment to be approved before receiving your capital adequacy plan and financial review. If you want to join the Jet’s Pizza family, you will be given the final permission.
Training and Opening Time
The time to open your Jet’s Pizza location is determined by city authorizations and the local department of health.
However, once the lease is signed, it typically takes 90 to 120 days to get the store ready for an official opening.
Jet’s Pizza ensures you will be trained in the day-to-day operations of the pizzeria. This involves learning standard corporate procedures, how to use and maintain their devices, and what quality control procedures they employ.
Franchise owners will also be taught how to make Jet’s Pizza and most of their products to ensure quality. Each individual must complete at least 200 hours of training.
How Much Profit Does Jet’s Pizza Make?
There isn’t any official data on how much money Jet’s Pizza makes. We can give you the closest forecast by looking at pizza industry averages. A lucrative pizza shop has a 20% profit margin on average.
Relying on Jet’s Pizza’s average unit earnings, I estimate the average income to be $179,112 per unit. Clearly, there are many factors that influence overall average revenue, such as operational processes, food waste, and location.
The Benefits of Owning a Jet’s Pizza Franchise
There are many benefits to joining the Jet Pizza franchise in your area. Here are a few examples.
Rewards Program
Jet’s Pizza launched its loyalty scheme in September 2020, where customers who register and order more than $10 will earn points that can claim pleasant features like free delivery.
A rewards program can assist businesses in keeping their customers coming back for more.
Flexibility
Did you know you can convert an existing pizzeria into a Jet’s Pizza location? According to one of their answers on their FAQ page, you will do so.
This is a unique advantage because it allows you to take over an existing business location with an established customer base and transform it into a Jet’s Pizza.
Reach out to the company to see if the location you are eyeing has potential. The equipment and the look will need to change so be prepared for renovations before reaching out.
This pizza chain also allows partnerships if you wish to run a Jet’s Pizza with a friend or family member.
The Vintage Feel
Jet’s Pizza has been in business for over 40 years, which shows that they have a successful business model.
Not to mention, they continue to make pizzas with quality ingredients with the same secret recipe they’ve used for years. This eatery has proven to be profitable during both economic booms and recessions.
Crust Varieties
Jet’s Pizza’s menu provides customers with a diverse selection of items to choose from. Customers can choose their crusts, as previously mentioned.
However, unlike many pizza places, they can flavor their crust. Poppy seed, romano, garlic, butter, cajun, parmesan, and sesame seed crust flavors are available.
This may appear to be a minor detail, but it has the potential to attract customers who find crusts bland and want to spice them up. A distinctive crust is one way to distinguish yourself.
The Difficulties of Running a Jet’s Pizza Franchise
Every business will face unique challenges. These are the kinds of difficulties you can expect from the Jets.
Employee Reviews
Jet’s Pizza has received positive feedback from customers and franchisees; however, employee reviews on Glassdoor state that one drawback of working for Jets is that they give “poor wages for such a demanding position” and that the basic salary is minimum wage.
This is not an unusual complaint among restaurant employees. Given the shortage of workers, it may be difficult to find skills if the company does not pay employees above the minimum wage.
Does not Provide Financing
Jet’s Pizza does not provide financing, but they have links with a Network of Lenders that they can link you with, assisting you in obtaining the loan you need to purchase your franchise.
If you have an excellent credit score and satisfy the financial requirements, you should have a good chance of obtaining financing.
No Global Presence
We’re not sure why Jet’s Pizza hasn’t gone global despite being in business for over 40 years. But, whatever the reason, we hope they reconsider soon because Jet’s Pizza appears to have the possibility to be enjoyed by people all over the world.
However, this company lacks the brand awareness and entry of other global pizza companies. Many people may not have heard of Jet Pizza based on where you open the store.
Is a Jet Pizza franchise a Good Fit for You?
Pizza is a profitable business. The crucial factor to consider is the type of pizza company you want to franchise.
If you have the funds to franchise Jet’s Pizza and you enjoy Detroit-style pizza, this may be the right business for you. Jet’s Pizza continues to expand, with over 383 locations and counting.
Frequently Asked Questions
‘Life is short,’ the slogan goes. Eat better pizza,’ Jet’s Pizza has received countless accolades, including ‘Reader’s Choice awards and also being named a ‘Top 100 Company’ in the yearly Pizza Today report, besides being listed on Entrepreneur Magazine’s ‘Top 500 Franchise’ list.
Looking for that amazing pizza franchise? you got it, Jet Pizza!
