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Hungry Howie's Franchise ProfileFood Franchises > Pizza |
How Much Does a Hungry Howie's Franchise Cost?
To open a Hungry Howie's franchise, the total initial investment ranges from $292,129 to $629,908. This includes an initial franchise fee of $25,000. Prospective franchisees must meet specific financial requirements, including a minimum net worth of $650,000 and at least $220,000 in liquid cash. Ongoing costs include a royalty fee of 5.5% and a marketing fee of 7%. Based on performance data, the average annual revenue per unit is $812,046, with an estimated breakeven time of approximately 39 months and a full investment payback period of 70 months.
What is the Current State of Hungry Howie's Franchise Growth?
Hungry Howie's maintains a stable footprint in the competitive pizza industry with a total of 527 units as of 2023. The brand relies heavily on its franchise network, which accounts for 494 of those locations, while the company operates 33 corporate-owned units. While the number of franchised units saw a slight fluctuation from 501 in 2022 to 494 in 2023, the corporate store count has remained steady. This established presence across hundreds of locations demonstrates the brand's long-term viability and commitment to the "Flavored Crust Pizza" model.
Why Should You Consider Opening a Hungry Howie's?
Starting a Hungry Howie's franchise allows you to tap into a unique niche in the pizza market known for its signature flavored crusts. With a relatively low entry point for the pizza category, the brand offers a structured business model that has been refined over decades. Franchisees benefit from a comprehensive support system that helps manage the 5.5% royalty and 7% marketing contributions to drive brand awareness. If you have the required $220,000 in liquid capital and a passion for the food service industry, this brand provides a roadmap for operating a high-volume delivery and carryout business.
Is a Hungry Howie's Franchise the Right Investment for You?
Deciding to join the Hungry Howie's family requires a balance of financial readiness and operational dedication. With a median annual revenue of $812,046 per unit, the brand shows strong earning potential for those who can effectively manage labor and food costs. Before signing an agreement, you should evaluate the 70-month investment payback period and ensure your local market can support another pizza concept. If you are looking for a brand with a proven track record, hundreds of active units, and a distinct product offering, Hungry Howie's may be the right move for your entrepreneurial journey.
Hungry Howie's Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
The minimum total assets (minus liabilities) you must possess.
Net Worth Required:
The estimated period to recoup your total investment.
Investment Payback:
The initial fee paid to join the franchise system.
Franchise Fee:
Ongoing percentage of revenue paid to the franchisor.
Royalty Fee:
Regular contribution toward the franchise’s advertising fund.
Marketing Fee:
The estimated timeframe to recover your initial costs.
Breakeven Time:
The total amount required to launch the franchise.
Initial Investment:
The minimum liquid capital you must have on hand.
Cash Required:
The typical yearly revenue generated per franchise location.
Average Revenue:
The middle value of yearly revenue among franchise locations.
Median Revenue:
The largest reported annual revenue among franchisees.
Highest Revenue:
The smallest reported annual revenue among franchisees.
Lowest Revenue:
A broad sector defining similar types of franchise businesses.
Industry:
A more specific division within the broader industry.
Category:
The key individuals guiding the franchise’s strategy and growth.
Leadership:
The official business address of the franchisor’s headquarters.
Corporate Address:
Available financing options to help start the franchise.
Funding Year:
The main organization that owns the franchise brand.
Parent Company:
Hungry Howie's Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2021 | 2022 | 2023 |
|---|---|---|---|
| Total Units | 531 | 534 | 527 |
| Net Change YoY | N/A | +3 | -7 |
| Franchised Units | 499 | 501 | 494 |
| Net Change YoY | N/A | +2 | -7 |
| Corporate Units | 32 | 33 | 33 |
| Net Change YoY | N/A | +1 | 0 |
Financial Requirements
To qualify for a Hungry Howie's franchise, prospective owners must meet specific financial thresholds, including a required net worth of $650,000 and a minimum of $220,000 in liquid cash. These requirements ensure that franchisees have the necessary capital to sustain operations through the initial growth phases and meet the brand's standards for excellence.
Initial Investment and Fees
The estimated initial investment for a Hungry Howie's location ranges from a low of $292,129 to a high of $629,908. This investment includes an initial franchise fee of $25,000. These costs cover the essential components of opening a new unit, from site build-out to equipment and initial inventory.
Ongoing Royalties and Marketing
Franchisees are responsible for ongoing fees to support the brand's infrastructure and national presence. For new units, the royalty fee is set at 5.5% of gross sales. Additionally, there is a marketing fee of 7%, which funds advertising initiatives and promotional campaigns designed to drive customer traffic and brand awareness.
Unit Growth and Stability
Hungry Howie's maintains a steady footprint across the United States. As of 2023, the system comprised 527 total units, consisting of 494 franchised locations and 33 corporate-owned stores. While the number of franchised units saw a slight adjustment from 501 in 2022 to 494 in 2023, the corporate store count has remained stable, reflecting a consistent brand foundation.
Performance Metrics
The system shows a high level of performance consistency, with the highest annual revenue per unit reaching $812,046. While individual results vary based on location and management, the median annual revenue per unit is recorded at $650,000, providing a clear benchmark for potential earnings within the franchise network.
Return on Investment
Based on historical data and average performance, the typical breakeven time for a Hungry Howie's unit is approximately 39 months. The total investment payback period is estimated at 70 months. These timelines provide prospective franchisees with a realistic expectation for recovering their initial capital and achieving long-term profitability.
Frequently Asked Questions
The total investment to open a new Hungry Howie's location ranges from $292,129 to $629,908. This range covers essential startup costs including the initial franchise fee, equipment, and leasehold improvements.