4/10

Franchimp Summary Rating

4 /10
Investment Accessibility
Higher than 66% of peers

Franchise Summary

Description
Vito & Nick's Franchising Ltd. is a reputable franchise in the pizza and Italian food sector, known for its authentic recipes and commitment to customer satisfaction, offering a diverse menu that appeals to various tastes. The franchise model provides entrepreneurs with brand recognition and support, along with training in essential business skills, while emphasizing community involvement and a family-friendly dining atmosphere.
Company Background
VITO & NICK'S PIZZERIA is a pizzeria that strives to create great pizza by using the best ingredients. Vito, Nick, and their family have been in the restaurant business for over 20 years. They are proud of what they serve up at their pizzeria and want to share it with you! Come on down today for lunch or dinner!
Franchise Opportunity
We all know that pizza is delicious, but it can also be unhealthy. Most people are aware of this problem, and they want to eat healthier food options. But sometimes we just want a slice of greasy goodness! We're not the only ones who feel this way either. In fact, Americans consume approximately 350 slices per second! VITO & NICK'S offers an alternative for those looking for a more healthy option when it comes to ordering pizza. Our pizzeria uses fresh ingredients including premium meats, cheeses and vegetables on our hand-tossed crusts made from scratch every day. And because our ingredients are so fresh and high quality you don't have to worry about your order getting soggy like you do with other pizza places in town!
Corporate Structure
Vito & Nick’s Franchising Ltd. is an Illinois corporation formed on August 8, 2018. Our principal business address is 8433 South Pulaski Road, Chicago, Illinois 60652. We do business under pur company name, Vito & Nick’s Franchisirig Ltd., and our trademark name, VITO & NICK’S PIZZERIA. We have no jpredecessOr or parent as defined in the disclosure document guidelines. Vito & Nick’s, Inc. is our affiliate and has a principal business address of 8433 South Pulaski Road, Chicago, Illinois 60652. Vito & Nick’s Inc. and, its. owners have owned a pizzeria since 1945. We have no, other affiliate offering franchises in any line^of business or providing products or services to franchisees of us. If we have an agent .for service of process in your state, we disclose that.agent in Exhibit B.
Investment and Franchisee Fees
The total investment necessary to begin operation of a VITO & NICK’S PIZZERIA is $515,100 to $800,600. This includes $27,600 that must be paid to the franchisor.

FAQ

How much investment do I need to start my own Vito & Nick's franchising Ltd. business?
We aren't sure how much money you will need to start a Vito & Nick's franchising Ltd. franchise. However, we can tell you that franchisees also operating in the Food & Beverage industry typically require $207,774 to $428,820 investment to start their franchise
What are the initial franchise fees for Vito & Nick's franchising Ltd.?
We don't know exactly how much the franchise fees are for Vito & Nick's franchising Ltd., but we can tell you that other franchises in the Food & Beverage sector typically need to pay between $14,411 and $20,950 to the franchisor
How much money can I make with a Vito & Nick's franchising Ltd. franchise? What are the average revenues for a typical Vito & Nick's franchising Ltd. business?
We haven’t done the math on how much revenue a typical Vito & Nick's franchising Ltd. brings in each year. We estimate that other franchisees in the Food & Beverage industry generate $1,201,697 revenue, so we would expect Vito & Nick's franchising Ltd. to generate a similar amount
How long do I need to commit to running a Vito & Nick's franchising Ltd. unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

4 /10
The Franchisor's investment costs ranges from $568,020 to $2,528,500 which is Much Higher than the $0 to $0 average in the Restaurants (Sit-Down) 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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