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General

Industry

Food and Beverage

Category

Pizza

Works with Franchise Brokers

No

Year of Founding

1990

Fees

Marketing Fee

1%

Royalty Fee

Varies

Franchise Fee

$12,500-$25,000

Investment Range

$438K-$631K

Location units

Total U.S. Locations

387

U.S. Franchised Units

355

U.S. Corporate Units

32

Headquarters (City)

Sterling Heights

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

1990

Issuance of FDD Data

03/25/2019

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$438K-$631K

Franchise Fee

$12,500-$25,000

What to know about Jet's Pizza franchise?

Jet's Pizza is a chain of pizza restaurants founded in 1978 in Michigan. The company specializes in deep-dish square pizzas. The Jet's Pizza menu includes a variety of handcrafted pizzas, including the 8 Corner Pizza, Jet 10, and Jet's Turbo Crust pizza. Jet's also offers salads, wings, and submarines. Customers can order online or through Jet's mobile app. Jet's Pizza is known for its delicious deep-dish square pizzas. The Jet's Pizza team is passionate about making great pizza. They use only the freshest ingredients and follow a strict set of quality standards. Jet's pizzas are handcrafted with care, and that attention to detail shows in every bite.

Jet's Pizza is based in Sterling Heights, MI. Scroll down to learn more!

How much does a Jet's Pizza franchise cost?

Are you wondering how much is a Jet's Pizza franchise? Before starting a Jet's Pizza franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Jet's Pizza franchise is $437,500 and can go all the way up to $631,000. Keep in mind, you should also allocate additional funds to live off of while the Jet's Pizza business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Jet's Pizza franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Jet's Pizza business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Jet's Pizza franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

Industry Report Request

Download our guide to compare Jet's Pizza. Hotels to the Pizza, Outdoor Food and Beverage industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 354 17 5 362
2017 362 15 12 364
2018 364 3 12 355

Additional Details

How much does a Jet's Pizza franchise owner make?

Jet's Pizza franchise earnings and revenue can vary significantly from one franchisee to another.
The Jet's Pizza franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Jet's Pizza unfortunately does not disclose financials on how much Jet's Pizza franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Jet's Pizza does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Jet's Pizza franchisees. Do note that Jet's Pizza is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Jet's Pizza franchisees to understand how much money they are making from their Jet's Pizza business.

You should also speak to former Jet's Pizza franchisees to understand why they left the system. Did they sell their Jet's Pizza at a profit? Were they forced to close their Jet's Pizza franchise down because it kept losing money?

What is the Jet's Pizza franchise fee?

Owning a Jet's Pizza franchise requires Varies royalty fee and 1% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Jet's Pizza Franchise Disclosure Document

Keep in mind, there is also an initial Jet's Pizza franchise fee of $12,500 that is included in the initial investment amount of $437,500 to $631,000. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Jet's Pizza franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Jet's Pizza franchise fee of $12,500.

Visit the Jet's Pizza metrics tab to explore the financials for this business, royalty and marketing fees compare to other Food and Beverage franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Jet's Pizza founded?

Jet's Pizza started offering franchises in 1990. Jet's Pizza was founded 32 years ago in 1990.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Jet's Pizza locations are in the U.S.?

As of 2019, there were 355 locations across the U.S. There are also 32 corporate locations. Most Food and Beverage franchises like Jet's Pizza have more franchised locations than corporate locations.

How many Jet's Pizza franchises opened over the past few years?

Over the prior 3 years we have data for, Jet's Pizza has opened 35 outlets throughout the U.S. Visit the Jet's Pizza metrics tab to explore how the openings compare to other Food and Beverage franchises.

How many Jet's Pizza franchises closed over the past few years?

Over the prior 3 years we have data for, Jet's Pizza has closed 29 outlets throughout the U.S

Visit the Jet's Pizza metrics tab to explore how the openings compare to other Food and Beverage franchises.

Is Jet's Pizza growing? Are they opening more locations than they are closing?

The net unit growth rate for Jet's Pizza over the past 3 years is 0%. Over the last year we have data for, Jet's Pizza had a net unit growth rate of -2%.

Without a comparison, this number doesn’t mean much. Compare how the Jet's Pizza growth rate compares to 2,000+ other franchises and Industry franchises like Jet's Pizza. More info in the Jet's Pizza metrics tab.

Is Jet's Pizza franchise eligible for an SBA Loan?

Jet's Pizza is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Jet's Pizza franchise was assigned the SBA Franchise ID of S0902 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Jet's Pizza that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Jet's Pizza a franchise in the United States?

According to the SBA, Jet's Pizza meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Jet's Pizza provides you with an FDD if you are in discussion to buy a Jet's Pizza.

What is the Jet's Pizza Franchise for Sale Rate?

The Jet's Pizza systemwide health and franchisee satisfaction can be measured by the Jet's Pizzafranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Jet's Pizza franchise for sale rate over the past 3 years is 10%. Over the last year we have data for, Jet's Pizza had a franchise for sale rate of 4%.

Without a comparison, this number doesn’t mean much. Compare how the Jet's Pizza franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Jet's Pizza. More info in the Jet's Pizza metrics tab.

What is the Jet's Pizza Franchise Failure Rate?

Jet's Pizza franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Jet's Pizza failure rate over the past 3 years is 8%. Over the last year we have data for, Jet's Pizza had a franchise failure rate of 3%.

Without a comparison, this number doesn’t mean much. Compare how the Jet's Pizza franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Jet's Pizza. More info in the Jet's Pizza metrics tab.

How can I find out more details on Jet's Pizza franchise?

Visit the Jet's Pizza metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Jet's Pizza

$534,250

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Jet's Pizza

Varies

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Jet's Pizza

$18,750

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Food and Beverage

Category

Pizza

Works with Franchise Brokers

No

Year of Founding

1990

Fees

Marketing Fee

1%

Royalty Fee

Varies

Franchise Fee

$12,500-$25,000

Investment Range

$438K-$631K

Location units

Total U.S. Locations

387

U.S. Franchised Units

355

U.S. Corporate Units

32

Headquarters (City)

Sterling Heights

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

1990

Issuance of FDD Data

03/25/2019

Detailed Franchise metrics for Jet's Pizza

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Jet's Pizza below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Jet's Pizza

0%

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Jet's Pizza

NA

10%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Jet's Pizza

NA

8%

Industry median

All franchises median

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Business details

Website

http://www.jetspizza.com/

Business email

j*************@jetspizza.com

Mailing address

37501 Mound Road

State headquarters

Michigan

Contact Name

Jet's Pizza

Phone

+1 (000) 0********00

City

Sterling Heights

Zip code

48310
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