Red's Savoy Pizza operates locations specializing in pizza and related items using proprietary recipes and business policies. The franchise emphasizes authentic pizza preparation and customer experience.
Key Insights
- Red's Savoy Pizza has a long-standing history rooted in a specific pizza-making tradition, cultivated over generations and passed down as a culinary heritage. The business maintains this authentic approach, offering a unique product that resonates with customers seeking classic flavors and a genuine dining experience.
- The franchise operates through a focused business model centered on delivering high-quality pizza with efficient service. This approach emphasizes core competencies in food preparation and customer satisfaction, establishing a recognizable brand identity within the competitive food service landscape.
- The business is part of the broader quick-service restaurant industry, a dynamic sector characterized by evolving consumer preferences and a constant demand for convenient and accessible dining options. This industry provides a substantial market for established brands like the franchise.
Franchise Fee and Costs to Open
Exploring the financial picture of Red's Savoy Pizza gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $201,800 - $508,250, along with a franchise fee of $35,000 - $40,000.
Financial Performance and Revenue
Yearly gross sales of $657,159 and estimated earnings of $78,860 - $98,574 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 4.5-6.5 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Red's Savoy Pizza provides comprehensive training for new franchisees. This program offers hands-on experience at an established Red's Savoy Pizza location. The initial training typically lasts two weeks. Red's Savoy Pizza recommends utilizing provided marketing materials and operational guidance to help establish your new restaurant. Resources cover all facets of running a successful Red's Savoy Pizza.
Legal Considerations
Legal considerations for a Red's Savoy Pizza franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Operating a Red's Savoy Pizza franchise presents several considerations. Navigating a local market with established pizza competitors requires a strategic approach to customer acquisition. Managing daily operations, from ingredient preparation to customer service, demands consistent attention to detail. Reliance on established supply chains for specific ingredients means adapting to potential fluctuations in availability or cost.
Franchise Datasheet
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