Bostons experienced project management team assists you across the U.S. that have been overdeveloped by casual dining brands and then We are currently working with many successful operators who are converting their existing restaurants to a Boston Pizza because they want more than what their current business is delivering! The responsible owner is an individual who will be principally responsible for communicating with the franchisor about the Bostons business. Then-current fee; currently $250 per visit. Naked City Pizza is set to open in July in Kenmore at 3347 Delaware Ave. in space adjacent to Fanara's Italian restaurant. The restaurant company is seeking talented entrepreneurs to open Boston Pizza franchises, offering flexible partnership arrangements. Unlike most restaurant franchising companies, Boston Pizza notes that prior restaurant experience is not mandatory for potential franchisees. Boston Pizza is a Canadian-based restaurant and sports bar brand in business for more than 45 years. To ensure that it goes smoothly, BPR has developed a Project Management system that oversees the process with and for the Franchise. Well lead the way. Our training staff uses various methods to increase The you've inquired to will contact you shortly. The franchise fee for a Boston Pizza restaurant location is $60,000, with a total initial investment of $1.5 million to $2.4 million. stopping there. BC Receive a personalized report of exciting new franchise opportunities to your inbox each week. . During office hoursIn the evening, 14850 Quorum Drive, Suite 201, In 1986, Boston Pizza was the official pizza supplier for Expo 86 in Vancouver. System wide sales 2022 - $1.1 Billion. No Boston Pizza franchises will be sold to any resident of any such jurisdiction until the offering of such franchises has been exempted from the requirements of, or duly registered in and declared effective by, such jurisdiction and a Disclosure Document (if any) has been delivered to the prospective franchisee before the sale in compliance . An A to Z directory of franchises and business opportunities we work with and some that we don't. This major success for the company led to expansion in Eastern Canada. Approximately two-thirds of Canadian households actively collect reward mi Boston Pizza Int'l Head To Step Down FranCalc was launched in 2021 with a single mission: Help franchise growth professionals use data driven budget planning to make smart, informed franchise development decisions. Our company utilizes partnerships with established brands,, Minuteman Press is an essential B2B print & marketing franchise. You might be a franchisor aiming to grow your business further or a franchisee who wants to sell your business. and multi-restaurant operations and development. Review our cookies information for more details. Owning a Boston Pizza restaurant franchise means you will have flexible partnership arrangements, team support, and always thankful visitors. The franchise offers various services, including signage, graphic design, printing, promotional products, and digital displays. Convert your restaurant to a Boston Pizza. Our focus has always been and will continue to be on our franchisees success and profitability. Cost and expenses associated with reviewing the proposed offering. Boston Pizza They work independently of any particular franchisor or buyer. maintain accurate franchise data but does not guarantee nor assume liability for In this role, they collaborate with the parent company to identify ideal candidates for franchise ownership and establish specific requirements for potential franchisees. Its filling, satisfying, and, most significantly, flavorful. HealthyYOU Vendingblends an. Please confirm with your local BP. While other chains are growing stale, Bostons Pizza represents a fresh angle in the casual dining business. CHICAGO - The Chicago White Sox and Beggars Pizza have renewed a multiyear partnership agreement, announcing the local, family-owned Italian restaurant franchise as the "Official Pizza of the Chicago White Sox.". We will build, manage, & scale a 100% done-for-you Amazon FBA E-Commerce business. Brand history. Classroom Training: 80 hours, Boston Pizza Franchise Info: https://www.bostonpizzafranchise.com/. kitchen equipment at competitive prices. From training Over 350 restaurant openings later, Jim is revered for that same dynamic business vision that led him to open his first franchise in 1968 in Penticton, B.C., as well as a can-do attitude and a drive for success. Convert your restaurant to a Boston Pizza. The company later opened a regional office in Laval, Quebec, in April 2004. This includes the cost of the building, furniture, fixtures, equipment, leasehold improvements, initial inventory, working capital, and other expenses. Our menu is full of fresh ideas, including 80+ menu items made in-house for our guests to share with family and friends, A great place for friends and fans to meet and watch a game. DELIVERY: (807) 274-2727. Finance - The Finance department at BPR assists Franchisees even before their first store is under development by creating Franchise Financing programs. It can be paid either monthly, quarterly, semi-annually, or annually. Boston Pizza ( BP ), known as Boston's The Gourmet Pizza Restaurant and Sports Bar outside of Canada, is a Canadian multinational restaurant chain that owns and franchises locations in Canada, the United States and Mexico . This website is designed for and targeted to U.S. audiences and is governed by and operated in accordance with U.S. laws. Launched in 1964, Gus Agioritis established the Boston Pizza and Spaghetti House. Take our short quiz. We do not share your phone number with anyone other than the specific businesses you are interested in learning more about. Brothers Chris and Michael Palmeri expect to open Naked City Pizza by . Being part of a nationally recognized brand, a proven franchise system and business model that appeals to a broad demographic is not only important when considering the right franchise opportunity, they are some of the largest contributing factors to your success as a business owner. 2017 BP International Rights Holdings Inc. by 55+ Years of Tested Operational Systems, 50,000+ population (within 3 mile radius of restaurant), Major national retail, restaurant, and/or entertainment venues nearby, Multi-family housing within 3-mile radius, Minimum 30,000 employees (within 3-mile radius of restaurant), Projected population growth of at least 1.5% annual growth, Traffic counts in excess of 20,000 per day on primary street, Minimum 95 dedicated parking spaces and additional 30 spaces for employees, Free standing pad site for an approximately 5,600 sf. National and Local Marketing - The backbone of the Annual Marketing Calendar is the national promotions that run chain wide and receive extensive media promotion. We are pleased to consider inquiries In fact, We like trying new things, and so do our customers. Richmond, Franchise Directory There're big-screen TVs in its sports bars to watch matches. In the first years of its existence, the chain began to . Construction and Design - For many Franchisees, building their Boston's Restaurant is their first experience with a large-scale construction project. Boston Pizza began in Edmonton, Alberta, on August 12, 1964, when four Greek immigrants, Trifon, Gus, Perry, and Ninos Agioritis opened Boston Pizza and Spaghetti House. repeat visits. Friday, June 02, 20236:23:20 PM - 857 Users Online. To buy a franchise with Boston Pizza Restaurants, you'll need to have at least liquid capital of $0. day-to-day operations, adapt quickly to changes within the company and market, and Now is the best time to invest since the housing crash of 2008 which created more millionaires, Want to earn big commissions in the lucrative financial industry but you lack the experience? If franchisees are an individual, they are the responsible owner. Please send me emails about other franchises I should know about. Refine your search by an array of parameters and quickly compare key facts and figures. All rights reserved. The estimated investment required to open a. A royalty fee of 7% of gross monthly receipts is paid to the company, in addition to an advertising fee of 2.5-3%. Your guests are our guests. Over the many years, the restaurants had become a success, more sports bars had been established as an integral part of the business. ASK QUESTIONS ABOUT THE FRANCHISE, Distributorship Opportunities For Business, the terms of If youre worried that you need to pay a hefty sum to your franchise broker, dont worry. Franchising Since: 1968. It has been in business for about 45 years. On-The-Job Training: 40 hours Our dual concept of distinct and approachable sports bar AND family friendly dining is what makes us so successful and unique in the marketplace. Franchise Directory An A to Z directory of franchises and business opportunities we work with and some that we don't. The franchisor reserves the right to establish minimum and maximum resale prices for use with multi-area marketing programs and special price promotions. However, the franchisor can also designate another training facility if necessary. By clicking Yes, you confirm you are 18 years of age or older, and accept our terms and conditions. Boston Pizza Franchise Cost & Opportunities 2023 | Franchise Help Franchise Quiz We'll help you quickly build your franchise ownership profile, then present you with a personalized set of franchises you could open! savings in investment and time can be significant. You may opt-out of SMS at any time by replying STOP to the phone number we texted you from. beverage menu to ensure high customer satisfaction and BPI is Canada's number one casual dining brand. A Boston Pizza franchisee loves people and is committed to their own success. However, most typically calculate it as a percentage of the franchisees gross sales or revenue. initiatives and localized programs. 12 Cheapest Restaurant Franchises With Low Total Investment, The Top 8 Most Expensive Franchises to Buy, The True Franchise Cost Breakdown of Baskin Robbins, 12 Cheapest Franchise Opportunities To Open And Own In 2022. Let's Talk Conversions! Using leading edge technology to delivery increased productivity and efficiency. Their story is as diverse as the pizza dishes they serve, and it all started in Edmonton, Alberta. restaurant or 65,000 sf. This is the most money raised in the history of the event. Thats [2][3], Boston's is the U.S. and Mexican version of the Boston Pizza franchise. Either way, its crucial that you learn the steps as well as practical tips and tricks of selling a franchise. Whether youre an experienced restaurant franchisee or new to Boston Pizza franchise is a chain of family restaurants and sports bars. More importantly, we'll make you a fan. To achieve our food cost targets these promotions focus on our two key menu items, pizza and pasta. The founder was a Greek immigrant who came to Edmonton, Alberta, One of the first franchisees was an R.C.M.P. With inflation, the recession and uncertainty in the market. If you want to open a Boston Pizza franchised store, here is the cost then. Whether you are just starting to look into franchise ownership or are ready to figure out financing options, our courses will give you the information you need to be ready to become a franchise owner. From one month to the next, you may find your costs fluctuate, but your up-front costs are, for the most part, fixed and they will cover most of the initial setup of equipment, signage and renovations. From time to time, the franchisor may require that franchisees or their principal owner, franchise managers and other employees attend system-wide refresher or additional training courses. Terms of the deal were not disclosed. Powered by a 100% money-back guarantee. This site uses cookies. earning. To buy a franchise with Boston Pizza Restaurants, you'll need to have at least liquid capital of $0. Franchise development page for Boston Pizza International Inc. | Boston Pizza International Inc. is proud to be Canada's #1 casual dining brand. Boston's Pizza Restaurants & Sports Bar, can improve foot traffic and boost revenue at your new development. Contact us to unlock your franchise's page to add content and get leads! [4] Boston's had over 30 stores in the U.S. and four in Mexico. $1,000 per trainer per 5-day week, plus $350 per diem per day per trainer, plus additional travel expenses; no travel-related expenses if successor training occurs in Dallas, Texas. In addition to meeting background and credit requirements, Bostons requires all franchisees meet financial qualifications that include: The initial contract term is 10 years with (2) 5-year renewable options. Required fields are marked *. Yes, I have $50K available in my 401K/IRA and would like to learn how to use these funds to buy a business with the help of Guidant Financial Group. Wow, glad you're interested in so many businesses! Your email address will not be published. If youre a leader with strong business acumen and have a passion for the world of hospitality, Franchising with Boston Pizza may be for you! through the entitlement process, contractor selection, and Here are a few key reasons why franchise fees are necessary: Now that you know the basics of a franchise royalty fee, its vital to understand its difference from the franchise fee. Boston Pizza franchise. They also wont be guaranteed a lease, note, or other obligations. Keep in mind, you should also allocate additional funds to live off of while the Boston Pizza Restaurants business ramps up. The difference between the amount franchisees spent on local advertising each month and their required local advertising expenditure. BPI pays royalty and distribution income to The Fund based on franchise revenues of Royalty Pool Restaurants. By continuing to browse the site you are agreeing to our use of cookies. By 1995, the chain had grown to 95 restaurants in Western Canada with sales in excess of $110 million (CAD). Transfers for the Convenience of Ownership. Our purchasing team negotiates contracts with suppliers to Complete Step 2 to receive your complete franchise information. In most cases, franchise brokers are compensated by the franchisor, not the franchisee. Estimated Number of Units: 430. You're tired of "portals" being black boxes, and so are we. With comprehensive training, marketing support and the potential to, My Business Venture gives you the ability to start an online business from your home. No spam, just good, helpful information for aspiring entrepreneurs. The minimum net worth requirement is $1 million to $2 million and minimum liquidity of $500,000 per restaurant location. We have fun every day. The franchisors costs (including attorney fees). All rights reserved. system-wide sales exceeding $1 billion. Unlock the potential of your small business. Maximize value through partnership with Boston Pizza within your Hotel or campus. Franchise Description: Boston Pizza Restaurants, LP is the franchisor. Food incorrect data. Or to learn more contact us at 866-277-8721 or via email. [1] In 1968, he noticed the growing popularity of Boston Pizza and purchased the rights to open a restaurant in Penticton, British Columbia. Become a Franchisee With Canadas #1 Casual Dining Brand! When did the first Boston Pizza Canada open? Convert your restaurant to a Boston Pizza. service, then-current fee; currently, $250 per visit. With a year under his belt as the full owner of his Boston Pizza franchise, purchased through a resale, Arthurs has done just that, bumping sales up 40 per cent and scoring Boston Pizza's most prestigious franchisee award, with his location ranking among the top 15 in Canada in 2021. $100k Potential working from anywhere, full-time or part-time. How Much Does A Popeyes Franchise REALLY Cost? Training - Training is the cornerstone of every Boston's the Gourmet Pizza franchise. It can also contribute to the development of franchise trends. When you join the Bostons family you dont just get comprehensive support and training, you get the invaluable benefit of the brand power that comes with more than 55 years of successful expansion all over North America. ensure that you receive your food ingredients and major officer, The Bostons Pizza Restaurant was the official supplier of Expo 86 held in Vancouver. History [ edit] Boston Pizza in London, Ontario Boston Pizza (BP), known as Boston's The Gourmet Pizza Restaurant and Sports Bar outside of Canada, is a Canadian multinational restaurant chain that owns and franchises locations in Canada, the United States and Mexico. They earn a commission from the sale in the process. Or you can reach guest services by calling +1 604-303-6398. Yes, If you have a 401k or IRA with a value of 50k or more, a financial advisor can help you utilize it to buy a business. Boston Pizza franchise opportunities are really attractive. What Does a Boston Pizza Restaurants Franchise Cost? Boston Pizza franchise opportunities are really attractive. Franchises Under 1,000,000. Bostons restaurants are a perfect fit for locations in airports, casinos, select truck stops and travel plazas, military installations, theme parks and sports venues. Boston. The franchise fee is $50,000. You have reached the maximum of . The reasonable costs the franchisor incurs for responding to a customer complaint (typically between $20 to $100). As explained above, a franchise broker is a mediator who links franchise sellers with potential buyers. Equally important is a great place for our guests to visit us! Franchises, on the other hand, may have wholly different reasons for selling their franchise. The Franchise Mall makes every effort to Ongoing operations improvements and support. "It was scary at first but it has been the best decision that we have ever made. Average monthly royalty fees and advertising fund contributions for the actual operating period multiplied by 36 months. maintain a strong relationship with the local community. [citation needed] In 1986, Boston Pizza became the official pizza supplier for Expo 86 in Vancouver. the game, Bostons makes it easy to get started and to start Boston's Pizza Franchise for Sale - Restaurant & Sports Bar, Interested? Costs of inspection (estimated to be approximately $100 to $500). If franchisees are in good standing and they meet other requirements, they may add two successor term of five years. Training takes place at the franchisors offices and corporate training center in Dallas, Texas. *. is listed in the Our goal is to make as large an impact as possible for you and the community in which you operate, while keeping the investment low. Franchise Details: Founded: 1964: Franchising Since: 1968: Corporate Office: BOSTON PIZZA INTERNATIONAL INC. 5500 Parkwood Way Richmond, BC, V6V 2M4: Industries: It goes without saying that the task requires careful planning, a thorough understanding of franchise rules, and effective execution. In short, it allows the business to expand without requiring significant capital from the franchisor. why Bostons support services are a pillar of our business model. [8] In its defence, Boston Market alleged that Boston Pizza's trademarks were invalid because they described a style of pizza from a specific area. The fee structure and amount of commission can vary depending on the franchisor and the specific agreement with the broker, but it is generally a percentage of the initial franchise fee paid by the franchisee. Designed for families of all sizes, our restaurant provides a relaxing environment for celebrating both the big victories and the little ones. Learn more today about how you can achieve you, We build and scale Amazon stores for our clients by helping automate all inventory management tasks from account health monitoring to 24/7 customer service. Boston Pizza, the Boston Pizza roundel and MyBP are registered trademarks of Boston Pizza Royalties Limited Partnership, used under license. In addition to personal reasons, changes in the local market or industry dynamics can also influence a franchisees decision to sell. Learn everything there is to know about how online lead generation is successfully done for your franchise. Additionally, they conduct market research in targeted areas to identify potential opportunities for successful franchise locations. Prototype value engineering and continuous updates. Boston Pizza is a chain of well-known restaurants in Canada, America and Mexico, which mainly cook pizza, but there are other dishes on the menu. The franchise fee, on the other hand, is a one-time upfront payment made by the franchisee to the franchisor when entering into the franchise agreement. relations, and national campaigns. Franchisees must sell or offer for sale only those products and services authorized by the franchisor, and which meet the franchisors standards and specifications. He acted as Treliving's business consultant for four years, and, in 1973, became Treliving's business partner. "Gross Sales" is a supplementary financial measure under NI 52-112 and therefore may not be comparable to similar measures presented by other issuers. Year(the "Effective Date"), by and between Boston Pizza Restaurants, LP, a limited partnership formed under the laws of the State of Delaware, whose principal place of business is 1501 LBJ Freeway, Suite 450, Dallas, Texas, 75234 (hereinafter referred to as . We never, EVER share or sell your information, email, or phone number, to anyone other than the specific business you have requested. FIND OUT MORE 2. Research and Development - Menu development is an ongoing process at BPR led by our executive chef and supported by the Menu Development Committee. THIS AGREEMENT is made and entered into this Insert Day day of Insert Month, Insert. Then current-fee, currently $500 per occurrence. We also offer flexible Territory Granted: Franchisees may operate their Bostons business only at the approved location. Fuoco said he often gets asked . Now more than ever is the ideal opportunity for groups of professional marketers and investors to collaborate, American Business Systems has been America's Leader in Medical Billing with Unparalleled Training, and Support for over 25 years. Unlock the potential of your small business. Learn more now, With a Dumpster Dudez franchise, you'll have the opportunity to experience both the independence and flexibility small business entrepreneurship offers, while also receiving the backing, guidance, and support of our, We build and scale Amazon businesses for our clients by helping automate all inventory management tasks, keeping account health in great condition, inventory monitoring, 24/7 customer service, and helping to automate any and, Work From Home Opportunity! Copyright 1998-2023 Franchise Direct. Also, the franchisee may only sell and offer products approved by the franchisor. efficiencies, best practices, and team member development. The franchisor provides initial training at no cost for up to seven people so long as everyone attends the initial training at the same time. In this article, well explore the benefits and potential challenges that arise throughout the process, shedding light on the strategic decisions, legal requirements, and operational aspects that underpin a successful franchise sale. A Bostons franchisee is someone who loves people and is committed to success. These fees are two distinct components of a franchise agreement. Boston Pizza Founded in: 1964 Franchise units: 348 Initial investment: from Can$ 1,800,000 Franchise Fees: Can$ 72,500 Royalty Fees: 7% For more than 50 years, BC-based Boston Pizza has made a name for itself through over-the-top pizza creations and earnest connections with its communities through charity and service. 1964: Gus Agioritis opened the first "Boston Pizza and Spaghetti House" in Edmonton, Alberta. Boston Pizza expanded to more franchises in the 1970s, and in 1983 Treliving bought the company from Agioritis. Find Out More Industry-Leading Support Services Backed by 55+ Years of Tested Operational Systems Managers help in planning and executing marketing All Rights Reserved. Regional Business Managers (RBMs) act as a consultant and and IT to marketing and operations, you can count on the entire Bostons team Boston has 51 locations in the United States and three locations in Mexico. Boston Pizza International Inc. is proud to be Canada's #1 casual dining brand with more than 385 Canadian restaurants, more than $1 billion in annual system-wide sales and serving more than 40 million guests annually! Find other similar franchises in our catalog! Legal Disclaimer: This information is not a franchise offering We currently have two (2) units open and operating; one in Little Rock, AR at the Holiday Inn and a brand new restaurant in Yuma, AZ at the Four Points by Sheraton (Marriott). Well lead the way. All Rights Reserved. You also agree to our Privacy Policy & Terms of Use. The initial franchise agreement term is 10 years. This article will discuss the franchise royalty fee and tips on weighing your options. It's also listed in the section for For franchisors, selling franchises can be a beneficial strategy for capital infusion. Here are some fun facts about Bostons Pizza Restaurant: Here is the total breakdown of the Bostons Pizza Restaurant franchise cost: If youre interested in franchising a Bostons Pizza Restaurant, visit their website for more information. In 10 years, the first franchisees built 16 pizza restaurants all over B.C. Contact us to learn how you can Own Your Own Boston Pizza Restaurant Today! Filter your search by startup capital required. ", "The Boston's concept and the brand has become very strong in our city.". Cost and expenses associated with reviewing the proposed offering. This means that the broker must disclose any financial arrangements with the franchisor to potential franchisees and provide unbiased recommendations based on the franchisees needs and goals. Dont just take our word for it. COVID & the Impending RECESSION = Roughly 11 million houses hit the market for pennies on the dollar! Then-current fee; currently $250 per visit per program rollout. Before your restaurant opens, you and your management team will participate in a 6-week training program at our Dallas training center. Almost everyone cant resist a slice of pizza! abandoned, leaving behind excellent locations with conversion potential. Total investment can range from $1,125,000 to $2,816,000 (excluding land or lease, and depending on the targeted location and type). This local expertise can contribute to a better understanding of the specific market, resulting in increased customer satisfaction and stronger brand presence. Then Kiddie Academy is the opportunity you've been waiting for! All rights reserved. here are a few other numbers that show what makes Bostons a winner: Bostons is both a family-friendly restaurant and a lively sports bar, all under bidding process, as well as overseeing the construction Hear what current Bostons franchisees said about their experiences so far. form of customized advertising, media buying, public 1mo Edited. Our sports bar is open late, serves a tantalizing array of ice-cold beers, refreshing craft cocktails, and happy hour specials in addition to our full restaurant menu. Boston Pizza International Inc. 2023 Most Boston Pizzas also feature an outdoor patio dining area. The franchisor does not guarantee a franchisees note, lease or other obligations. I prefer not to provide my Available Cash to Invest, but I do have access to the Minimum Cash Required for the franchises I am inquiring about. The Boston Pizza brand has served communities from coast-to-coast for 59 years since opening its first restaurant in Edmonton, Alberta in 1964. Entrepreneur Magazine (Franchise 500 BEST OF THE BEST 2017). Opening its doors on Monday, December 13, the restaurant creates 110 new jobs and will play an active role in the local community. Your guests are our guests. And this is why running a pizza chain is a booming business. Our multi-themed concept incorporates a lively sports bar, a family-friendly dining room, a 3-season patio and an unparalleled take-out & delivery platform to create the winning foundation for success! The franchisor will not grant franchisees this right if their Bostons business is located in a metropolitan area (areas in which the population during any 24-hour period exceeds 50,000 persons per square mile). The company was founded in 1964 in Edmonton. The franchisors actual cost of the brokerage commissions, finders fees or similar charges. Here are the steps franchisees need to take when selling a franchise: After the sale, work closely with the buyer to facilitate a smooth transition. Restaurants hours may vary from what is displayed. 225 on the Franchise Times Top 500. As of December2012[update], there are 348 Boston Pizza restaurants in Canada, and over 40 Boston's restaurants in the U.S. and Mexico. This article will discuss everything a beginner needs to know about franchise broker services, including what franchise brokers do, who pays the broker, and the pros and cons of working with one. Boston Pizza has more than 400 franchises all over the world like Canada, Mexico, and the United States. In addition, the franchisor may not grant franchisees this right if their Bostons business will be located in a non-traditional location such as an airport, hotel, convention center, sports arena or stadium, college campus, amusement park, within the premises of another business or a similar venue. Learn about the pros and cons of starting a business in various franchise categories, as well as see which franchises are available in each. If franchisees require a hard copy of the operations manual, the $500 fee will apply. One of the first steps before making an investment is to do an industrial analysis of the current market trends that will affect bottom line. After all, franchisees typically invest their own funds to establish and operate individual franchise locations. CONVERT YOUR RESTAURANT TO A BP Unlock the potential of your small business. the These reasons may be personal, such as retirement, family obligations, health issues, or a desire to pursue other ventures and career opportunities. Real Estate - BPR has a site development process to reflect the different needs of franchisees. Local Marketing Franchisors share their latest updates and good news. You don't need to consent as a condition of any purchase. When should we call? Boston Pizza offers a menu with more than 100 items including gourmet pizza, burgers, pasta, salads. We are aggressively seeking franchisee partners in the hotel segment in the following categories for new build and conversion opportunities: As a franchisor, were committed to helping you build your business, which is Finally, the delivery services are limited within a 10-mile radius within the territory granted. Were also available for ongoing field support based on your teams specific needs. Some of these courses may be optional, while others may be required. Our multi-themed concept incorporates a lively sports bar, a family-friendly dining room, a 3-season patio and an unparalleled take-out & delivery platform to create the winning foundation for success! Once an Eastern Office was opened in Mississauga, another restaurant was opened in Ottawa in September 1998. TRADITIONAL OPPORTUNITIES Be apart of Canada's premier casual dining brand through Franchising. Here are a few tips and tricks for successfully selling a franchise: By implementing these tips and tricks, you can enhance the attractiveness of your franchise opportunity and increase the likelihood of finding the right buyer for your franchise. Your income potential as a Boston Pizza Canada Franchise entrepreneur depends vastly on many factors. In the next two years, it led to another 17 franchises. Arrabbiata pizza sauce, pizza mozzarella, Genoa salami, chopped bacon, spicy Italian sausage, roasted red peppers, banana peppers, goat cheese, freshly grated parmesan, and a pesto drizzle. Most of the restaurant locations have a sports bar with a fun atmosphere. We do not SPAM you. FIND OUT MORE 3. 7,889 followers. Individual Unit Costs Initial Investment: $1,145,000-$3,017,000 Initial Franchise Fee: $50,000 Royalty Fee: 5% why were constantly testing and enhancing our food and Be the first to know! Our experts will spend 3 to 4 weeks at your restaurant in preparation for its grand opening. Boston Pizza franchise has a perfect compound of cost and profit. Boston Pizza International Inc. is proud to be Canadas #1 casual dining brand with more than 385 Canadian restaurants, more than $1 billion in annual system-wide sales and serving more than 40 million guests annually! to help your location reach its full potential. Explore the industry trends and analysis for each major economic sector below. Having the first location in Dallas, Texas, the chain was operated under Bostons The Gourmet Pizza. This is why our restaurants are strategically designed to enhance the guest experience and feature a fresh colour palette, enhanced audio and visual packages, custom lighting, adaptable seating and of course our fabulous 3-season patio which helps tie in the summer and outdoor experience no matter what the weather may like be outside! By continuing to use this website you consent to the terms of our privacy policy. Franchises Boston Pizza Canada Franchise Information. Necessary capital investment and/or financial requirements, Manpower commitments including management personnel to be trained, Business experience in the local market where you are seeking a franchise, Willingness to adhere to the Boston's The Gourmet Pizza system, A strong desire to succeed, work hard and be part of a winning team, Operational experience in the food-service industry, Financial capabilities to do multi-unit development, Development experience - ability to locate and obtain prime real estate properties and high quality construction services, Manpower, infrastructure to carry out multi-unit development. Copyright 1999-2023 TheFranchiseMall.com. partner by coaching the staff and restaurant management Technology updates and innovations such as the Bostonlink and Positouch development. $100 per occurrence, plus the lesser of the daily equivalent of 18% per year simple interest or the highest rate allowed by law. Sign up here to get the latest franchise opportunity updates and more delivered directly to your inbox. Over $1 billion in system-wide gross sales in 2015; Boston Pizza is a Canadian owned and operated restaurant and sports bar concept with over 50 years of proven success and franchise growth. The responsible owner must have the authority and responsibility for the day-to-day operations of the Bostons Business. The Rainbow International Restoration Franchise Cost, The Actual Once Upon A Child Franchise Cost, Your email address will not be published. One of the first franchisees was Jim Treliving, a Royal Canadian Mounted Police officer who lived down the street from the original location and was a regular customer. Be apart of Canadas premier casual dining brand through Franchising. To add more franchises, please uncheck selections in your request info basket. For a complete description of The Fund and its business, please see the annual. Very good support, very strong system. Bostons is an award-winning concept with annual Currently, $1,000 per trainer per five-day period. Boston Pizza Lesl Boston Pizza Renews Loyalty Program Training Overview: Franchisees or their responsible owner and any franchise manager or representative that the franchisor requires must complete the initial training to the franchisors reasonable satisfaction, as determined by the specific program instructors, before franchisees open their Bostons business. Buy this established Boston Pizza store at a lot less than what it costs to start a new location (according to the Boston Pizza website investing in a new location is listed between $1.7M-$2.2M). The training requirement for franchising a Bostons Pizza Restaurant runs for five weeks. Be apart of Canadas premier casual dining brand through Franchising. A franchise is a high-ticket investment; thus, it can be challenging to sell. In the early 1980s, Boston Pizza expanded into Eastern Canada but by late 1985 most, if not all restaurants in Ontario were closed. Boston - The Gourmet Pizza has a long and eventful history that dates all the way back to 1964. This website is not currently accepting inquiries from visitors in EU countries. Its vital to note that even though the franchisor pays the broker, the franchise broker has a legal obligation to act in the best interests of both parties. Our franchise model was . Check for more information. Treliving teamed with his accountant George Melville to open 16 more restaurants, then in 1983, acquired the Boston Pizza chain, and has continued to expand. Gross Sales is the gross revenue: (i) of the corporate Boston Pizza restaurants in Canada owned by BPI; and (ii . MBVs 10% Price Guarantee on, Do you dream of owning a business that is both profitable and rewarding? Let Global Financial Training Program help you get started! This contact may be made using automated or pre-recorded/artificial voice technology. The franchisors reasonable costs and expenses associated with the transfer, including legal and accounting fees. The franchise fee is $40,000, and they offer a 25% discount to qualified veterans. All rights reserved. BOSTON PIZZA RESTAURANTS, LP FRANCHISE AGREEMENT. As mentioned earlier, the franchise royalty fee is an ongoing payment made by the franchisee to the franchisor throughout the duration of the franchise agreement. Our multi-themed concept incorporates a lively sports bar, a family-friendly dining room, a 3-season patio and an unparalleled take-out & delivery platform to create the winning foundation for success! In short, they act as intermediaries between franchisors and franchisees, aiming to match potential franchisees with franchises that best suit their interests, skills, and financial capabilities. Cost of audit and inspection, any understated amounts, and any related accounting, legal and travel expenses. Liquidated Damages: Termination After Restaurant Opens for Business (open for more than 6 months). If youre a leader with strong business acumen and have a passion for the world of hospitality, Franchising with Boston Pizza may be for you! targeted markets and meet our site and demographic requirements. Boston Pizza offers a menu with more than 100 items including gourmet pizza, burgers, pasta, salads. In 1998, a U.S. headquarters was set up in Dallas, Texas. The Boston Pizza brand has served communities from coast-to-coast for over 56 years since opening its first restaurant in Edmonton, Alberta in 1964. Subscribe to our newsletters and keep up-to-date with the latest news in the franchise industry. We provide you access up to 2 million products & you chose up to 2,000 you want to feature on your website! Boston Pizza Restaurants, LP. for Boston Pizza Canada and should not be construed as such. The Boston Pizza name was changed to Boston's The Gourmet Pizza, Restaurant and Sports Bar that same year. 1 casual dining brand with over 375 locations from coast to coast and over 100 menu items to choose from. We'll lead the way. Select a state to view existing locations and growth markets ready for you. Provide comprehensive training and support, sharing your knowledge and expertise about operating the franchise. The minimum investment amount required to open a Boston Pizza Restaurants franchise is $1,023,500 and can go all the way up to $2,757,500. A franchise royalty fee is basically a recurring payment made by franchisees to the franchisor as part of the franchise agreement. Boston Pizza International Inc. proudly announces the grand opening of its 107th location in Ontario at 16A-1 Leslie Street in Toronto's Beach Area. There're big-screen TVs in its sports bars to watch matches. Though it may seem like an added expense for a franchisee, the franchise royalty fee is crucial in making the business system sustainable. [5], As part of an advertising campaign created by ZIP communication, during the first round of the 2011 Stanley Cup playoffs, when the Boston Bruins played the Montreal Canadiens, the company temporarily rebranded its Montreal locations as "Montreal Pizza". Maximize value through partnership with Boston Pizza within your Hotel or campus. By pressing "Submit Request", you agree that Franchise Gator and businesses you selected may call/text/email you at the number you provided above, including for marketing purposes related to your inquiry. Its founder was businessman Gus Ajoritis. A curated list of franchise-related news articles by the FranchiseHelp team. Currently, the initial training program consists of 50 hours of classroom training and 100 hours of on-the-job training. More importantly, well make you a fan. Canadian pizza chain Boston Pizza has signed a multi-year renewal agreement as a national sponsor in Alliance Data Systems' Canadian Air Miles Reward Program, the companies announced. The road to a resale Boston Market also agreed that it would not challenge Boston Pizza's use in Canada of any trademark that uses the words "Boston" or "Boston Pizza" (with certain exceptions). Real Estate Sales LLC - Flip Cheap Houses. With over 40 years of success & more than 180 franchisees across the United States & Canada, we are continuing to expand. As an entrepreneur, the goals to achieve are related to expanding sales while lowering your operation costs and increasing the quality of your products and or services. territory and guests. The franchisors reasonable costs associated with the transfer, including background checks. INVESTMENT LEVEL $1,500,000 - $2,700,000, UNENCUMBERED CAPITAL REQUIRED 35% OF INVESTMENT LEVEL, NET WORTH $1,500,000 OR 1:1 OF INVESTMENT LEVEL. Youll receive support on a local and regional level in the Franchise cost. Boston Pizza franchise is a chain of family restaurants and sports bars. Identify the perfect franchise for you! How Much Does A Chick-fil-A Franchise Cost And How Do I Start? Each month your operating costs can include royalty fees, mortgage / rent, supplies for products, staffing, utilities, bookwork, stationary and other items. He or she must oversee the restaurant operations and must be the primary liaison. The chains expanded in British Columbia. Learn more about this, A professional company with 23 years of experience offering investors an opportunity building a business in the expanding, worthwhile and respected space of health and wellness offerings. FRANCHISE DISCLOSURE DOCUMENT Boston Pizza Restaurants, LP a Delaware limited partnership 14850 Quorum Drive, Suite 201 Dallas, Texas 75254 (972) 484-9022 lauror@bostons.com www.bostons.com Boston's The Gourmet Pizza Restaurant & Sports Bar restaurants feature gourmet pizza and pasta dishes, and a wide variety of mouth-watering entrees . This research includes analyzing the performance of previous franchises, assessing the availability of comparable services in the region, and considering other factors that may impact the performance of a franchise. Plus, for other franchise information, check out Franchise How! Read on to know the training, obligations, and the Bostons Pizza Restaurant franchise cost. The royalty fee is 5% of gross sales and the national advertising fee is 3% of gross sales. This was when a franchise was born. Cost of actual audit, including travel and expenses. However, navigating the world of franchises can be overwhelming, and thats where a franchise broker comes in. Our customer service driven business model provides digital print, design and promotional services to businesses. design and space options to ensure your Bostons is a perfect fit for your Giving you truly hands-free passive income. You can select filters such as state and liquid capital requirements, and enter the price you'd be willing to pay for a lead meeting those criteria. Our ever-evolving culinary menu keeps things fresh and exciting for our guests and award-winning national marketing and advertising campaigns keep us top of mind. progress and final inspections. Today, there are more than 335 Boston Pizza restaurants across Canada. Explore franchises and business opportunities by industry and category. Group purchasing will give you an edge over the competition. 320 - 255 Newport Drive Port Moody, BC, CA V3H 5H1Tel: 1-866-730-5553. knowledge around operations, functional roles within the More about the cost of owning a Budget Boston Pizza franchise is below. They are designed to create "news value" to our customers by creating a buzz in the stores, giving the staff something to sell and providing a reason to visit Boston's "right now". In 1983, Treliving and Melville acquired the Boston Pizza chain[1] from Ron Coyle, who had acquired the company from Agioritis in 1978. The then-current fee (currently $1,500 per year). As you sort out the Federal Trade Commissions franchise rules and choose a franchise you want to operate, its also crucial to understand the fees that you need to shell out for your business. The estimated investment required to open a Boston Pizza Canada Franchise is between $1,145,000-$3,017,000. However, it is essential to weigh the potential costs, potential for bias, and limited choice against these benefits before deciding to work with a broker. Ever. Purchasing - Our purchasing department will take our volume to market in order to procure the highest quality ingredients at the best possible prices. Boston Pizza is Canada's No. Boston Pizza Restaurants With over 40 years of success & more than 180 franchisees across the United States & Canada, we are continuing to expand. [6] In the final round of the playoffs, when the Bruins played the Vancouver Canucks, the company temporarily rebranded its British Columbia locations as "Vancouver Pizza".[7]. We work with various financial lenders to create a variety of flexible programs so that the Franchisee can select the institution and plan around the one that best fits their development needs. Each franchisee then completes an intensive 10-day Business Management Program at our corporate headquarters. 10. Absentee ownership of franchise is NOT allowed. Headquarters: Dallas Texas. [10] The parties settled the dispute in 2008 under an agreement that Boston Market would not use the words "Boston" or "Boston Market" in Canada for five years for restaurants or any food or drink products (other than pre-packaged food products, but not including pizza and lasagna). 1 casual dining brand with over 375 locations from coast to coast and over 100 menu items to choose from. By 1970, he had expanded his brand to 17 locations in Western Canada, with 15 franchises. All amounts incurred by the franchisor related to de-identification. Only then can the franchisee operate the restaurant and conduct authorized delivery and catering services, The franchisee must comply with the Franchise Agreement that stipulates the geographical area. Here are the pros and cons to weigh before making a decision: Working with a franchise broker can be beneficial in terms of access to knowledge, expertise, and a wider range of opportunities. By 1970, Boston Pizza had 17 locations in Western Canada, 15 of which were franchised. Save my name, email, and website in this browser for the next time I comment. It has been in business for about 45 years. Process at BPR led by our executive chef and supported by the franchisor up here to get the latest opportunity! ] in 1986, Boston Pizza restaurants, LP is the most money raised in the franchise cost company seeking! The history of the Boston Pizza restaurants all over B.C and MyBP are registered trademarks Boston. Standing and they offer a 25 % discount to qualified veterans with over 375 locations coast. Team member development is governed by and operated in boston pizza franchise with U.S. laws directory of franchises and business by! 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Royalty fee is basically a recurring payment made by franchisees to the about! Ottawa in September 1998 at your restaurant to a BP unlock the of. Industry dynamics can also contribute to the development of franchise trends the staff and restaurant Management technology and., while others may be required subscribe to our use of cookies he as! And sports bar with a large-scale construction Project system sustainable their franchise Canada franchise is between $ 1,145,000- $.... Term of five years 've been waiting for and efficiency keeps things fresh and exciting for guests!
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