What are the financial requirements for qualification to become a Mazzios franchisee?
StartersA minimum "liquid" net worth of $200,000 (exclusive of real estate). Your total net worth must exceed $400,000. In addition to the financial criteria, applicants must meet the following qualifications:
Related QuestionsHow many Mazzios restaurants may I operate?
StartersMulti-unit ownership is encouraged but only if a franchisee is on a sound operational and financial basis.
Related QuestionsWhats the next step if I am interested in a Mazzios Italian Eatery Franchise?
StartersIf your application is accepted, you will be invited for a one-day introductory visit to Tulsa. At that time, you will receive a Uniform Franchise Offering Circular (UFOC). Your meeting in Tulsa will include discussions with key personnel from the Franchise Department of Mazzios and visits to Mazzios Italian Eatery restaurants.
Related QuestionsWhy pizza and what makes Mazzios Italian Eatery so special?
StartersThe pizza and pasta categories has been two of the fastest growing food service segments over the last 10 years. The average American eats pizza or pasta two to three times a month. Just over a third of the U.S. population eat pizza or pasta once a week (source: National Eating Trends).
Related QuestionsDo I need prior restaurant experience to own a Mazzios franchise?
StartersIn most cases, the answer is yes. Owner/Operators are preferred as a particular group. An exception is if your general manager has restaurant experience and an equity interest. Absentee ownership is highly discouraged and permissible in only exceptional circumstances.
Related QuestionsWhat additional fees are paid by Mazzios franchisees?
StartersThe Franchise Agreement requires the monthly payment of a royalty fee in the amount of 4% of net sales as well as an ongoing advertising production fund fee equal to 1% of net sales. Therefore, the total ongoing fees equal 5% of net sales.
Related QuestionsWhat types of advertising programs are utilized by Mazzios?
StartersThe advertising used by Mazzios and you may be in print, radio, television and/or outdoor advertising. The coverage of media is on a local or regional basis. Mazzios is a regional organization that does not purchase national spots. The primary source of advertising materials is the in-house marketing department of Mazzios. You may use your own advertising material when it is approved by Mazzios.
Related QuestionsDo I purchase food products and supplies directly from Mazzios?
StartersNo. Mazzios has contracted with an independent supplier to provide purchasing and weekly distribution of all food products, paper products and operating supplies to Company and Franchise restaurants. And the best news is... every location, company-owned or franchised, benefits from the volume purchasing power of Mazzio's system-wide operations. Mazzios reserves the right to approve all products, suppliers and purveyors to ensure that quality standards are followed and maintained.
Related QuestionsWhat is the nature of training provided by Mazzios?
StartersAn 8-week training program at the Corporate Headquarters in Tulsa, Oklahoma, is provided for you and your management team -- consisting of three (3) people. This program has been designed to cover vital areas of importance to your success as a franchise owner.
Related QuestionsCan I sell my Mazzios Italian Eatery franchise?
StartersIn the event you desire to sell your Mazzios Italian Eatery restaurant and the franchise rights pertaining to it, you must first disclose the sales terms to Mazzios. We have a right of first refusal to purchase your restaurant. In the event we do not purchase your restaurant, you will be free to seek another buyer, who must be approved by Mazzios.
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