Franchising
FAQ
The following questions and answers address common concerns of potential franchisees.
- What qualifications does Yum! Restaurants International (YRI) look for in a franchise applicant?
- How much does it cost to become a YRI franchisee?
- What fees are payable to YRI?
- What do I get in return for your investment?
- How much money can I make as a YRI franchisee?
- How are the franchisees selected?
- What training will I receive?
- Can owners of other franchises qualify for a YRI franchise?
- Does YRI provide financing to franchisees?
- Will I be guaranteed a franchise in the market of my choice?
- Does Pizza Hut just sell pizza?
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What qualifications does Yum! Restaurants International (YRI) look for in a franchise applicant?
YRIseeks businesses or individuals who have a belief in the brand combined with an entrepreneurial spirit, proven management track record, a high level of commitment to customer service, commitment to be involved in the business and to the YRI way of doing business, and a vision and enthusiasm for long term growth of their business. Retail and/or fast food experience is desirable but not necessary.
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How much does it cost to become a YRI Franchisee?
The investment required to open/acquire a YRI restaurant varies, depending on the cost of the site, the type of unit, and whether you are constructing a new unit or purchasing a franchise for an existing unit. The minimum real equity required starts at around $100,000, and 30 – 40% equity is required.
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An initial fee is payable on every unit opened. Fees vary for each individual outlet type. The franchisee also pays a monthly royalty, advertising contribution and purchasing contribution, all of which are based on a percentage of sales. Additional fees are required in the event of renewal or an approved transfer of the franchise to another franchisee. In some markets, additional fees may be payable for services performed by YRI.
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What do I get in return for your investment?
As a YRI franchisee, you will enjoy the satisfaction and rewards of owning your own business. But you’ll also enjoy the ongoing benefits of an established global organisation with over 30 years Pizza Hut experience in Australia. YRI systems and people will support your efforts to grow your business and achieve your goals for profitability.
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How much money can I make as a YRI franchisee?
The profitability of an outlet is dependant on many factors, including the quality of the location, competition, sales volume, rent, management, and the type and amount of financing. Profitability is ultimately a matter within the control of each franchisee. It’s your business!
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How are the franchisees selected?
The goal of the franchisee selection process is to create long-term franchise relationships that will benefit both the franchisee and YRI. The selection process begins with the sharing of information. The applicant completes a detailed application form, and then takes part in a series of interviews, during which time you develop a business plan for discussion. An on-the-job experience gives the applicant a chance to evaluate our operational systems and give YRI a chance to evaluate the applicant’s aptitude for the restaurant environment. Final stages of the selection process include training for either the applicant or the applicant’s key operations manager. At any point during the selection process, either party may decide that the process should not continue. Click here to find out more about the selection process.
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Franchise applicants are required to complete an extensive training program as part of the selection process. This will take between 8 and 12 weeks depending on each candiates past work experience, skills and knowledge. The training includes both in store and class room training sessions. Proficiency must be demonstrated by the trainee at various stages in the training program. YRI provides the Developing CHAMPIONS training curriculum for the training of Managers and Team Members. The franchisee pays all costs for the Manager and Team Member training during start-up and the ongoing operation of the business.
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Can owners of other franchises qualify for a YRI franchise?
Owners of other franchise operations can qualify for a YRI franchise, provided that they are not in a competing food business (for example, restaurants featuring quick service or similar menu items).
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Does YRI provide financing to franchisees?
YRI does not provide financing. YRI can provide contact details of franchise financiers. YRI does not endorse or promote any of the listed institutions.
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Will I be guaranteed a franchise in the market of my choice?
It can take between 3 and 12 months from the beginning of the selection process until a new franchisee is ready to acquire his or her unit. (The time frame can be shorter depending on training requirements.) YRI cannot guarantee which franchises will be available when a new franchisee successfully completes training and all other approval requirements. So the flexibility to relocate is an asset for franchisee applicants.
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Does Pizza Hut just sell pizza?
Pizza Hut offers a range of unique great-tasting pizzas. Pan pizza is the signature item of Pizza Hut. Pizza Hut also sells other pizza varieties, such as Thin ’n’ Crispy, Perfecto and Stuffed crust, as well as salad bar items and desserts (in restaurants), pastas, beverages and chicken wings. Click here to see our full great tasting menu.
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