We don’t want to sugar coat it: Opening a business is a lot of work, even if it is a franchise. But the work that it takes to own something and be your own boss is the most rewarding work there is, making it all worth it. We have broken down how to start a pizza franchise in just 5 steps, showing you how simple it can be to become a Round Table Pizza franchise owner.
Step 1: Do Your Homework
First and foremost in any franchise process is doing your homework. Research the brand you are interested in by reading their website, downloading material, and looking for reviews online. Learn as much as you can about the brand to see if it is a good fit for you.
A piece of the franchise process that doesn’t come up enough is the self-evaluation: You need to ask yourself some questions to determine if franchising is the right option for you. Here are some examples of questions to ask yourself:
- What do I want out of a franchise? Why is it that I am drawn to being my own boss, and will franchising give it to me?
- How much capital do I have to invest?
- Are you excited about the idea of learning from the franchisor and adopting proven systems and best practices? Or do you want to do every single thing on your own?
- Do you have strong support from family, friends, and loved ones?
This is a good starting point to evaluate whether you are going to work well as a franchisee.
Step 2: Get in Touch
After you have completed your research and chosen a brand to invest in, it is time to get in touch. Contact Round Table Pizza to request information, and we will give you what you need to know about how to start a Round Table Pizza franchise. Take some time to talk with one of our franchise development team members and get to know our brand. At the same time, we want to get to know you to make sure you are a good fit for us.
When we have decided together that we are a great match, it is time to receive and review the Franchise Disclosure Document, or FDD. The FDD is chock full of even more valuable information about our brand that will help you make an informed decision.
Step 3: Discover and Sign
As soon as your franchise application is approved, the fun part begins! Attend our Discovery Day at our headquarters in Atlanta, Georgia where you will meet our team. After that, it is time to sign the franchise agreement, pay the franchise fee, and begin your journey into seeking locations in your market.
Step 4: Location, Location, Location
There can be no doubt that the location can make or break your pizza restaurant. Your location is one of the most important decisions you will make throughout the franchise process. We have special real estate resources that we can use to assist our franchisees to help them find the right site, negotiate your lease, and build out your restaurant.
Step 5: Grand Opening
Finally, the moment you have been waiting for: your grand opening! Prepare for your grand opening by hiring and training employees to prepare your delicious pizzas and serve your guests. The time leading up to your opening should also be spent creating a buzz around it through marketing and promoting your restaurant.
This was a truncated version of the buying process and there are many more steps but we wanted to provide a high-level overview.