Looking for a business opportunity?
|Canadians can check-out Pizza Hut since the company has said that it is aggressively expanding to 100 locations in the next five years. |
Pizza Hut has also worked out a new system where smaller buildings and less square-footage will work in favor of the franchisee by having less operating costs. They would also field faster equipment and new products down the line.
To be a franchisee, all you need is $150,000 in cash and about $500,000 in assets according to Pizza Hut Canada President Sabir Sami.
The pizza-chain has more than 300 stores in Canada. They are also rapidly expanding in China, Africa and Asia.
While starting your own restaurant franchise is a good start to create wealth, Toronto franchise lawyer Christopher Neufeld advised that those looking to franchise should be cautious.
He said, ‘Franchises are never a sure bet. They require a lot of work and even then, if the location isn’t right, if the product isn’t sufficiently appealing, or there is too much competition… that could result in a particular franchise failing.’
He also declared that prospective franchisees need to talk to existing franchisees and get to know what they think of the business.
Pizza Hut is one of the divisions of Yum! Brands, Inc., which also owns KFC, Taco Bell and A&W.