Red's Savoy Pizza
Food & Beverage QSRCompany Information
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Franchise Summary
Description
The franchise offered is for the operation of a franchised store under the mark “RED’S SAVOY PIZZA™”, which makes and sells pizza and related items using the Franchisor’s recipes, formulas, business policies, trademarks, service marks, and trade names.
Company Background
The Red's Savoy Pizza chain has offered pizza and grill food restaurants to the general public for over 20 years. Founded in 1996, the company was named after Royce "Red" Fenton, a World War II veteran who served as an air force pilot with the Tuskegee Airmen. His story is what inspires our commitment to excellence in all that we do.
Franchise Opportunity
It's hard to find a good pizza place that also offers grill food. Most pizza places only offer pizza, and most grill food restaurants only offer grilled food. Red's Savoy Pizza is the perfect solution for those who want great pizza and grilled food. We have everything you need to satisfy your cravings, from classic pizzas like pepperoni and cheese to mouth-watering burgers, chicken sandwiches, and ribs.
Corporate Structure
Red’s Savoy Franchise, LLC is a limited liability company organized under the laws of the state of Minnesota on June 22, 2011. Their principal business address is 4600 W 77th Street, Suite 245, Edina, Minnesota 55435. They do business under their corporate name, and the names “THE ORIGINAL RED’S SAVOY PIZZA™,” “RED’S SAVOY™,” and “RED’S SAVOY PIZZA™.”
Earnings Transparency
This Franchise discloses slightly less information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Franchise Types Available
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Distribution of Red's Savoy Pizza Franchisees
Red's Savoy Pizza Franchise System Development in 2021
FAQ
How much investment do I need to start my own Red's Savoy Pizza business?
Franchisees typically require at least $201 to $508 investment to get their Red's Savoy Pizza business started
What are the initial franchise fees for Red's Savoy Pizza?
Franchisees typically need to pay at least $46 in fees directly to Red's Savoy Pizza in order to earn the right to launch their business
How much money can I make with a Red's Savoy Pizza franchise? What are
the average revenues for a typical Red's Savoy Pizza business?
We haven’t done the math on how much revenue a typical
Red's Savoy Pizza brings in each year. We estimate that other
franchisees in the Food & Beverage industry generate
$1,201,697 revenue, so we would expect
Red's Savoy Pizza to generate a similar amount
How long do I need to commit to running a Red's Savoy Pizza unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$201,800 to $508,250
which is
Much Lower
than the $0 to $0 average in the QSR industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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