Multi-Unit Franchisee Magazine 2012 Buyer's Guide | Page 47

MULTI-UNIT Buyer’s Guide FOOD Demographics Hungry Howie’s will consider all demographics. We typically look for high traffic areas with a strong household presence within a 1-3 mile radius depending on the size of the market. OPPORTUNITY Description Hungry Howie’s was born in 1973 when Jim Hearn converted a 1,000 sq. ft. hamburger shop in Taylor, Michigan into a successful carry out & delivery pizzeria. Around this same time, Hearn hired a delivery driver named Steve Jackson. Over the years, their relationship evolved into a partnership. In 1983, they awarded their first franchise. The popularity of Hungry Howie’s spread quickly. Today, we are approaching 600 locations in 24 states. Rankings & Awards 2012 Entrepreneur Magazine Top 100 Franchise Opportunities 2004 Pizza Chain of the Year Fast Franchise Facts Franchising Since: 1983 Qualifications Multi-Unit Franchisee Operating Units: 75% Total Franchise Operating Units: 560 Company Operating Units: 0 Financial Requirements per location: Capital Investment: $225,000-$358,000 • $100,000 Liquid Assets Franchise Fee (per unit): $20,000 • $300,000 Net Worth Royalty Fee (per unit): 5% • Positive Credit History Advertising fee (per unit): 3% Other requirements include: Earnings Claims: Yes SITE LOCATION Assistance Build-Out Options: Inline and freestanding locations with high visibility, malls and airports • Business and/or Food Service Experience necessary Hungry Howies uses a sophisticated mapping system combined with a local area broker to identify potential sites. Once a site is chosen, Hungry Howie’s will assist with lease negotiations and guide franchisees through construction. Available Territories: Territories for multi-unit development are available across the country. • Minimum Unit Requirements vary based on market Contact Tim Lipka Director of Franchise Development (248) 824-3462 www.hungryhowies.com MULTI-UNIT BUYER’S GUIDE 2012 45