The pizza industry amounts to a good 30 billion dollars annually. In the United States alone, pizzas sold in real time can go up to 49 million pizzas making pizzas 93% the choice for dinner or lunch for most people. Those are just some reasons why the pizza franchise is a good investment for you. Thinking of good pizza, a lot of people think Nick-N-Willy’s. Nick-N-Willy’s is a solid, well-financed company. They provide good training and franchise support but most of all, a lot of people enjoy them. If you want to own one of their franchises, here are the steps on how to own one:
- Research on the marketability. Search online on the marketability of the franchise. Nick-N-Willy’s website can provide you with all the information about the company. Read about their history, their core group and their franchise value. Research about their franchise package as well. Equip yourself with the knowledge of what you have to do, what trainings you are going to undergo and the requirements for you to qualify as a franchisee.
- Testimonials can attest some issues you have about buying their franchise but do not confine your research within their site alone. Search for franchising reviews and know more about what Nick-N-Willy’s have to offer their franchisees from other sites as well.
- Conduct a feasibility report. You should have a location ready for your franchise. If you have not acquired a location yet, at least you have an idea on where your franchise would be marketable. Conduct your own feasibility report to assess the business location. Are you getting the most strategic location for a pizza joint? Nick-N-Willy’s can help you get a location if you are still undecided on where to put it up.
- Prepare your finances. Franchising can cost money but the return will be worth it. Be sure you have enough money to pay for the franchise fee. This fee will include everything you need to run the business including all marketing items. Staff will be included in the franchise as well.
- Apply for the franchise. Go online to Nick-N-Willy’s website and click on the tab “Franchising.” Fill up the “Franchisee Initial Information” form with all the necessary information they are asking from you. Be sure you do not leave any data out because this will be the information the franchise representatives will refer to when investigating your qualifications.
- Meet with the franchise representatives. Once you have submitted your information form, representatives from Nick-N-Willy’s will contact you for a meeting. This meeting will explain to you the ins and outs of working with the franchise system. They will give you the formal application form along with any other requirements that you would need to complete.
- Submit your application. After your meeting and filling the application form up, submit the form to the franchise representative and wait for them to contact you for any further details about your application. If you pass the qualifications for a franchisee, you would be given an agreement that you can review and sign when you agree to their terms. Always have your lawyer review all your documents before agreeing on any conditions.
Once you have your Nick-N-Willy’s pizza joint going, be enthusiastic in managing it. Since the franchise will provide you with your staff and a branch manager, get to know them well and do not only be a boss for them but be a friend as well. Good business always comes from good relations.
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