🍟 10/11/2021 – Westside Pizza And Soccer Shots
Westside Pizza
Fast Facts
Background
- Founded in 1996 in Boise, Idaho
- Franchising since 2006; 36 units open as of 2021
- Known for fresh ingredients as well as fun specialty pizza pies
Fees + Investment
- Royalty: 4% of gross sales
- Brand Fund: Up to 1% of gross sales
- Franchise Fee: $25,000
- Initial Investment: $129,150 – $397,750
Financial Performance
- The following table illustrates the average monthly gross sales of 25 franchisees for the full year of 2020
The Wolf’s Take 🍟
Looking at the 25 units, the average monthly unit sales in covid was $66,260, and 12 (48%) of franchisees exceeded this average. Pizza businesses’ revenues were not impacted negatively during covid given they already thrived on take-out orders, and Westside Pizza was no different.
Their average monthly unit sales put the annual revenue at $795,120. This means it is a 2:1 sales-to-investment ratio based on the high end of the initial investment. If you’re interested in pizza businesses, Westside runs at a lower investment than the big players such as Domino’s Pizza, Little Caesar’s, etc., and has shown it can compete in the current markets where they operate.
Recent Press
Soccer Shots
Fast Facts
Background
- Founded in 1997, franchising since 2005
- 248 units of 2021
- This is a low-cost children’s business that teaches kids the basics of soccer in a fun, low-pressure environment via schools and public parks
Fees + Investment
- Royalty: 7% of gross sales
- Brand Fund: $1,000 per year, can be up to 2% of gross sales
- Franchise Fee: $36,500
- Initial Investment: $43,500 – $60,300
Financial Performance
- Average Income Statement per Single Territory Reporting Franchisee in 2019, 2020, and Q1 2021
The Wolf’s Take 🍟
This is one of the lowest-cost franchises out there, but with 200+ territories being operated, there’s clearly an appetite for it – and with average EBITDA’s coming in around 20% the past few years it’s not surprising.
I’m not sure how scalable this franchise is across multiple territories, but it could be a lower-risk business for someone dipping their toes into entrepreneurship – or even act as a complimentary business for someone already operating in children’s services. Note that they do accept owner-operators AND “executive owners” i.e. for those who aren’t looking to be too involved in the day-to-day.
Recent Press
Disclaimer: This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.
All Content in this email is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the email constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content in this email before making any decisions based on such information or other Content.