Domino’s Franchise Cost
Opened in 1963, Domino’s Pizza has grown immensely to become one of the most recognized eat out restaurants around the world. Since it was established, Domino’s Pizza has been on the map providing its customers the best services when it comes to their products.
Following their success, Domino’s Pizza decided to start franchising in 1967, which was only four years after they started their business. Currently, Domino’s Pizza has about 17,600 operational units under their brand name.
Their headquarters are in Ann Arbor, Michigan and this guide is here to help you understand the Domino’s Pizza franchise cost, assuming that you want to open a Domino’s Pizza franchise.
So, how much does a Domino’s franchise cost? Let’s break it down together.
1. The Initial Fee
The first amount that you are going to be asked for is the initial fee, which is a must for any brand in the franchising business. For Domino’s Pizza, the initial fee is estimated to be around $10,000.
2. Leasehold Improvements
This is also another essential fee requirement when you want to become a Domino’s franchise. Here, you can expect to pay figures ranging between $5,000 - $300,000 with the latter being the highest amount you can pay.
3. Equipment, Fixtures, and Furniture
These are also highly essential in running a restaurant and you can pay from $62,000 - $145,000 depending on the type of equipment, furniture, and fixtures you need for your business.
The signage fee for starting a Domino’s franchise ranges from $5,200 - $35,000, which also varies depending on a number of reasons.
5. 3-Month’s Rent
As with many businesses, you are required to pay 3-month’s rent in advance before you can start operating. For this, you can pay between $3,000 - $25,000 worth of rent for the first 3 months.
6. Security Deposit
For security deposits, the amount ranges between $1,000 - $10,000.
7. Opening Supplies and Inventory
You need some supplies and inventory to kick start your Domino’s franchise and this will also cost you. Depending on the restaurant you are opening, you can pay from $2,750 - $6,500 for the opening inventory and supplies.
8. Initial Ad and Promotional Fees
To get your Domino’s franchise noticed, you can spend about $3,000 for ad and promotional fees.
9. Training Expenses
For training expenses, the figures range from $1,000 - $3,000.
10. Insurance Costs
Another important Domino’s franchise cost is the insurance cost, which can cost you from $9,000 - $50,000.
11. Other Opening Costs
These are miscellaneous costs, which can cost you from $2,500 - $7,000.
12. Additional Funds (3 months)
Lastly, you can expect to pay $10,000 - $73,000 for additional funds for up to three months.
In total, the estimated costs of opening a Domino’s Pizza franchise cost range between $101,450 - $667,500.