Pizza is always in style, and one of the most recognizable pizza chains in the world is Domino’s. Domino’s is the second biggest pizza chain in the U.S., according to Franchise Help, and is the eleventh biggest franchise in the world, according to Franchise Direct’s “Top 100 Global Franchises – Rankings (2016)”. In order to learn more, let’s discuss the details and benefits of starting Domino’s franchise.
Domino’s Pizza Franchise Details
Domino’s has been franchising since 1967, and was founded in 1960 in Michigan. In 1983, Domino’s had 200 locations and went international. Presently, according to Franchise Help, there are 9,285 units in operation. Here are the details:
Here’s some more interesting details about Domino’s: they have an agreement to sell exclusively Coca-Cola products at its stores, have tracking software showing customers what stage of the pizza making process their order is in, and “More than half of Domino’s Pizza franchisees own more than one location” – according to Franchise Help’s Domino’s listing.
The main benefit of starting a Domino’s franchise is that it’s one of the most recognized names in the pizza industry. Another distinct benefit of Domino’s is that it doesn’t have a dining room; they are carry out or delivery only, which makes day-to-day operations easier and simpler.
The initial investment is lower than most restaurant franchises as well, plus Domino’s offers robust ongoing training and marketing support. According to Domino’s website:
“The Domino’s economic model is built on strong cash-on-cash returns. Our industry-leading technology platform enables online ordering, direct email marketing, cost controls and store management.”
The good news for entrepreneurs (interested in starting a Domino’s franchise) is: it’s easier to finance a franchise with a proven track-record of success. Domino’s has an established market of customers (wherever their stores are located) and a proven system of profitability. These type of details are helpful when trying to find financing options.
IRH Capital specializes in franchise financing, having funding over $1 billion to franchisees over the years. We’ve helped franchisees find the funding they need to start their Domino’s franchise, and then partner with them for future financing needs.
IRH Capital can help franchisees find $3k to $1 million in franchise financing, has flexible payment options, a 24 hour approval time, and up to 7 years in term lengths. IRH Capital is the financing partner entrepreneurs need when starting their Domino’s franchise, please contact us to learn more.