Starting a Domino’s Franchise in Canada: Costs and Details
Are you considering starting a Domino’s franchise in Canada? This article will guide you through the process, including the costs involved and the steps you need to take to become a franchise owner.
Franchise Overview
Domino’s is a well-established pizza chain that offers franchise opportunities worldwide. As a franchise owner, you will benefit from the brand recognition, proven business model, and ongoing support from the corporate team.
Costs Involved
To start a Domino’s franchise in Canada, you will need to have a minimum net worth of $250,000 and liquid assets of at least $75,000. The total investment required can range from $119,950 to $461,700, depending on the size and location of the store. This investment covers the franchise fee, equipment, leasehold improvements, and other initial expenses.
In addition to the initial investment, franchisees are also required to pay ongoing royalties of 5.5% of net sales and a national advertising fee of 3% of net sales.
Steps to Start a Domino’s Franchise
1. Research and Preparation: Start by researching the Domino’s franchise opportunity and familiarizing yourself with the company’s values and requirements. Make sure you meet the financial criteria and are prepared for the commitment involved.
Disclaimer: https://worldbusiness.blog/ has no guarantee of accuracy.
In conclusion, starting a Domino’s franchise in Canada can be a rewarding business opportunity for aspiring entrepreneurs. By understanding the costs involved and following the necessary steps, you can embark on a successful journey as a franchise owner with a well-known and respected brand.