Pizza! Pizza!

**newportcrush** · 10-11-2007 12:45 PM

Anyone remember Little Caesars? After K-Mart's massive downsizing, they seemed to disappear completely from the east coast of the US. For some reason, about a month ago, i was craving Little Caesars, and I googled the company to find out if the chain was even still around. To my surprise, they were. So, I started asking around. I had people from my school take a formal survey, and 90% of the 200 people who took the survey would rather go to a Little Caesars than Pizza hut, Papa Ginos, or any other local place around.

So, my goal now is to open a Little Caesars restaurant in the state of Rhode Island.

I am looking for investors who are interested.

It is very expensive to start up a business like this, but the profit potential is HUGE.

I'd like to hear what you guys think.

Thanks in advance!

**riscphree** · 10-11-2007 02:16 PM

I'd start looking locally, or think about a business loan. Franchises are started all the time through bank loans. Don't forget to talk with the Franchisor about equipment/stock expenses.

**newportcrush** · 10-11-2007 03:23 PM

Thanks for the info, i'll start off with that. But, the question is, how does a person fresh out of high school get a bank loan that big. haha

**ltressel** · 10-11-2007 03:41 PM

Newport,

Franchising is at least 250k-300k minimum investment. Not to discriminate on your age ( as you said fresh out of h.s.), it will be painstakingly hard to get that kind of money.

Besides they will make sure that you have some type of experience or a partner that has one. Here's a link for you to look into. I checked little ceasar's but they don't reveal squat about their requirements.

Papa John's has some of their minimum requirements and also some lenders they listed to get qualified. Just for your own FYI.
Here's the link-browse it.

http://www.papajohns.com/franchise_o..._programs.html

Don't be discouraged---but I think one of the best things you can do is worked for a pizza place, find out if pizza can be your passion or do you just like eating it? That's how my friend decided whether he wanted to own a coffee house...he found out he just likes drinking it.

**vj3510** · 10-11-2007 03:44 PM

Yeah, I know little caesars. They are right here in Detroit where I am from. Mike Illitch is the owner who also owns the Detroit Red Wings and the Detroit Tigers. Good luck in your new franchise. Vince.

**ripsaw** · 10-13-2007 06:47 AM

A friend of mine has a patent on a concept he calls "pizzaflip".

It's toppings are on both sided of the crust.

If you want to get into the pizza business this concept is viable.

Of course, it's a concept and like all of "them" they need market testing / prototype store before franchising could become a reality.

**radreality** · 10-13-2007 01:00 PM

Originally Posted by riscphree

Franchises are started all the time through bank loans.

true, BUT most franchises require a portion in cash (such as 10 to 20&#37

and verification of assets and additional working capital (every franchise is slightly different).

Little Ceasars requires that you have at least $150,000 net worth and at least $50,000 of it be liquid.

Originally Posted by ltressel

Franchising is at least 250k-300k minimum investment. Not to discriminate on your age ( as you said fresh out of h.s.), it will be painstakingly hard to get that kind of money.

Franchises range from $10k to millions. It just depends on the franchise.

Little Ceasars estimated costs for a new store is between $109,000 and $299,000.

Little Ceasars.....low quality pizza, BUT cheap. $5 for a large...can't beat that. And only $2 for a large that is 30 minutes old. Thats why they have become popular again.

______________________________
Robert Falk
Business Developer / Investor
Self Help & Success Forum

**newportcrush** · 10-14-2007 04:13 PM

I want to thank everyone for their feedback. This forum is definately very helpful, and I intend now to be a frequent poster.

. You guys are great.

**jonrubin** · 10-14-2007 07:08 PM

I read about a Little Caesar franchisee in the book fast food nation, you should definitely check out the chapter with him in it, anyways he used to be a pro nhl player and grew up with the Little Caesar companies owners kids playing hockey, he got injured in the pros and was cut from his pro team. Someone reccommended opening up a franchise, He started out with one store and now he owns i believe upwards of 5 in Colorado and is doing very well. I don't think the profit potential is HUGE for any food franchise with just one location but the idea is if you can run one successfully they all run the exactly same and if you get to owning a few more and youre on the way to obtaining the American dream. I would recommend searching for franchise information in general, there is tons of info. I would say that starting out as an employee and learning the way it runs is a good idea but in the book they say it required you actually do that before you get a franchise, you have to work at another location for a while.

**radreality** · 10-14-2007 07:27 PM

Originally Posted by jonrubin

I would say that starting out as an employee and learning the way it runs is a good idea but in the book they say it required you actually do that before you get a franchise, you have to work at another location for a while.

They must of changed their policies then, because that is no longer required. Infact, Little Ceasars specifically states that no food experience what-so-ever is required.

______________________________
Robert Falk
Business Developer / Investor
Self Help & Success Forum

**iceman504** · 10-14-2007 08:51 PM

Actually getting a loan at that age isn't hard any more, you can get a community express loan pretty easily. And if you have a business plan and actually look like you are serious when you walk in the bank or the sba, they will give you a loan. I know b/c this is what someone from the sba told me.