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05-11-2010, 12:34 PM | #25 |
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It is well known that most franchise operations do not make much money unless you own multiply stores. Owning one, you barely break even and you have to put lots of your own time into the place. Now if you able to own more than one you can start making some money.
A buddy of mine bought a Mom & Pop Pizza shop when he was younger worked it for a number of years and made some okay money, he was taking home about $30K to $40K a year. He soon learn you cap out on how much you can make with one shop since you're quickly limited on how many pies you can make in a day. So I laugh at those who claim some shop made $100K in a week at a pizza shop. Do the math, how many Pizza would that have to be, and most shops are not 27/7 This is the problem most Pizza shops run into, people begin to like the pie, and more and more people show up and before you know you can not get the pizza through the oven fast enough, so customers get upset and do not come back or owner starts cutting corners and the quality goes down and people stop coming back. This is why NYC pizza pre-make them and you can get them by the slice, that is fine if you like cool reheated pizza. But it gives a few extra hours a day to crank pies through your oven. If you see an owner of Pizza shop doing really well, they usually doing something else, some resort to not reporting income since it a cash business and you can hide some of that income, but these people usually get greedy and get caught. |
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05-11-2010, 12:58 PM | #26 |
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i used to work for a very popular local chain and the profits are out of this world
the cost for making 1 pizza was somewhere btwn $1-1.50 and they would sell it for $18-20, depending on toppings. There are a lot of other things to take into account, but it can be very profitable business |
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05-11-2010, 01:18 PM | #27 |
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A far away uncle of mine owns 2 pizza shops. He makes a shit load of money.
For a business like this to succeed, there will be a lot of factors. Like everyone else stated. |
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05-11-2010, 01:32 PM | #28 |
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Here's a useful article. Lengthy, but I think it has info you might find interesting.
http://www.inc.com/magazine/20100201...llionaire.html |
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05-11-2010, 02:03 PM | #29 |
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My place is only about 2000 sqft and I did over 800K in sales in 2009. Profit margin is about 30%.... not a bad living but it's not easy.
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05-11-2010, 03:22 PM | #31 | |
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05-11-2010, 03:26 PM | #32 |
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If you launder money through it, a lot
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05-11-2010, 03:32 PM | #33 |
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I am talking about NYC, you walk in they have the pre-made stuff sitting there and you tell them what you want and they pull a slice and pop it in the oven for 5 minutes or so. I see this all over NYC. But this what they call NYC pizza. Not a personal favorite of mine, I like pizza made to order, fresh and hot out of the oven
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05-11-2010, 04:20 PM | #34 |
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My family owns a pizza shop, been there since 1962, great grandfather started it. Only one restaurant very well known. They charge $15 for a large tray of red(square pizza), friday and saturday nights we sell over 300 trays per night and thats not during Lent, I cant even get a tray without a 45minute wait during that time. A pizza restaurant that makes a good product can be VERY lucrative.
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05-11-2010, 04:36 PM | #35 |
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26-30% of total sales is what you want to shoot for in a Pizza Place. Thats what goes in your pocket. I have many family members that own them. One is doing over 65k a week!! Do the math.
Lot of work though. I was putting in 70-80 hours a week back in the day. No more Pizza Places for me. |
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05-11-2010, 04:40 PM | #36 | |
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05-11-2010, 07:05 PM | #37 |
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yes...and i just noticed my retarded typo
_____________ this place by me in Long Island makes the best pizza they only do pizza.. no chicken rolls, appetizers or heros the guys there work 12 hours per day and get paid about $15/hr but it is hard work and the boss is on top of everything in that place this place is so busy and they are open until 2am on weekdays, 4am on weekends they just make awesome pizzas fresh all day long. it takes them 10 mins to make a pie and its fast money sure there's a lot of overhead but they make about $12 profit on each pie. no credit cards accepted, its all cash business __________________ Last edited by ililillilillilil; 05-11-2010 at 07:16 PM.. |
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05-11-2010, 08:17 PM | #38 | ||
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Quote:
This poster does not own a pizza shop and is talking about second hand experiences. Quote:
This poster does own a pizza shop and is talking about his first hand real-life experiences.
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05-11-2010, 09:29 PM | #40 | |
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A friend of mine baught a dominos, when he took over the store it was only doing 7k a week, 2 years later his averaging 16k and his hit 19k week of halloween. 16k a week is 64k a month, you really think his not putting minimum 15k into hs pocket a month?? Your buddy probably had no idea how to run a business and was running his food and labor cost up the roof. orrrr he had crappy pizzas.
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