Jet’s Pizza Franchise Cost, Profit & Failure Rate 2024

Whether it’s the Detroit-Style deep dish or classic thin crust, Jet’s Pizza is a household name and an American favorite that’s been delighting taste buds for the past couple of decades. It’s no surprise that Jet’s Pizza franchises have been on the rise in recent years, and with good reason.

It is one of the 10 Best Pizza franchises of 2024 that you must own.

For starters, Jet’s Pizza is a well-known brand with a loyal customer base. Franchisees can benefit from its name recognition while capitalizing on its expansive menu offerings. Franchisees also receive comprehensive training and support to help them open, run, and grow their business.

If you’re considering a Jet’s Pizza franchise, you should know the basics before taking any further steps. In this article, we’ll cover what it takes to open a Jet’s Pizza franchise, the associated costs, and more.

Jet's  Pizza Franchise

About Jet’s Pizza Franchise

Jet’s Pizza is a beloved American pizza franchise restaurant that has been delighting customers for the past couple of decades. The pizzas are renowned for their unique Detroit-style deep-dish crusts and their commitment to using only the freshest ingredients in all of their recipes.

Jet’s Pizza’s dough is always freshly hand-prepared, and its vegetables are delicately hand-cut. Every morning, Jet’s Pizza makes its signature sauce from fresh vine-ripened tomatoes, which gives their pizzas a unique flavor that’s hard to find anywhere else.

In addition to its delicious food, Jet’s Pizza is also known for its slogan, “Life is short. Eat better pizza,” which speaks volumes about its commitment to bringing customers the absolute best in quality when it comes to pizza.

Customers love how they can find classic favorites like pepperoni and supreme pies on Jet’s Pizza’s menu, but they also enjoy getting creative with custom creations that let them mix and match different toppings and sauces to make something truly unique.

As a Jet’s Pizza franchisee, you’ll be able to capitalize on the success of this beloved brand and be a part of a nationwide family that’s committed to bringing customers great-tasting pizza at an affordable price.

Jet’s Pizza Franchise History

Jet's Pizza Franchise History

Jet’s Pizza Franchise has been delighting pizza lovers since 1978 when two brothers, Eugene and John Jetts, signed a lease to open their first location in Sterling Heights, Michigan. Known as Jetts Party Shoppe & Pizzeria, this first Jet’s Pizza was an instant hit with customers.

Recognizing the potential of their franchise, the two brothers decided to form Jet’s America Inc. in 1992 with cousins Jim Galloway Jr. and Jeff Galloway. With their help, Jet’s Pizza expanded and opened its first franchise location in 1990. Today there are over 400 franchises in 20 different states across the United States, with more locations being added every year.

The success of Jet’s Pizza is due to its commitment to using only the freshest ingredients in all of its recipes and creating unique pizzas that cater to customer tastes. From its signature Detroit-style deep dish to classic thin-crust pies, Jet’s Pizza offers a wide variety of options for customers to choose from.

Franchise Model Table

Cost Or FeesAmount
Initial Investment$600,000-$750,000
Franchise Fee$25,000
Royalty Fee10%
Estimated Outlets400+

How Much Does It Cost To Open A Jet’s Pizza Franchise

Opening your own franchised store under the Jet’s Pizza brand is a great way to capitalize on the success of this beloved American favorite. The initial costs associated with opening a Jet’s Pizza franchise are steep, but with a comprehensive training and support program, plus an established customer base, Jet’s Pizza makes for a lucrative investment.

The first step to becoming a Jet’s Pizza franchisee is to pay the franchise fee of $25,000. This covers the cost of licensing and helps cover marketing and operational expenses.

After that, you’ll need to make an initial investment in startup costs ranging from $600,000-$750,000. This will cover everything from construction and equipment to staffing and inventory. You’ll also need to have at least $250,000-$350,000 in liquid assets available in order to get started.

Once your store is up and running, you’ll need to pay royalties of 10% of sales revenue. Additionally, you’ll be responsible for contributing 1-2% of monthly sales towards advertising fees so that you can advertise locally and gain more exposure in the community you’re operating in.

Fortunately for US military veterans, Jet’s Pizza offers a special 50% off franchise fee for those who qualify. This incentive is an excellent way for our vets to get into the pizza business and become part of the Jet’s family.

Jet’s Pizza Franchise Requirements

To become a Jet’s Pizza franchisee, there are certain requirements that must be met in order to qualify.

The first requirement is a minimum net worth of $500,000. This should include liquid assets such as cash, stocks, bonds, or other investment holdings. Additionally, the owner-operator must have at least $250,000-$350,000 in liquid assets to help cover startup costs.

Experience in the restaurant industry is also preferred for Jet’s Pizza franchisees. It’s crucial that you understand both the operational and financial aspects of running a restaurant. Having previous experience will make it easier for you to transition into owning your own Jet’s Pizza franchise location.

In addition to these requirements, potential owners must also be able to pass a background check and complete the Jet’s Pizza franchisee training program. This program covers everything from customer service to operations management and is designed to ensure that your store runs as smoothly as possible.

Jet’s Pizza Franchise Revenue & Profit

A Jet’s Pizza franchise’s revenue and profit could differ based on the location, store size, number of employees, etc.

As per the performance of 383 locations, Jet’s Pizza franchise owners make an AUV of $895,561 a year on average.

And with a profit margin of 10%-20%, they make profits between $89,556 to $179,112, with the average being $134,334.

This is how we calculated this amount:

Financial OverviewPercentage of RevenueAmount ($)
Individual Franchise Annual Revenue100%895561.00
Franchise Royalty Fees5.31%(47576.68)
Cost of Goods Sold (COGS)26.56%(237883.39)
Labor (Variable)13.81%(123699.36)
Total (Expenses)85.00%(761226.85)
Net Profit15.00%134334.15

Note: The displayed expenses are estimates based on industry averages and standard costs. Actual expenses may vary due to factors like location, business size, and market conditions. We recommend conducting detailed research or consulting with a financial advisor for a tailored financial analysis.

Payback Period Of Jet’s Pizza

With an investment of $750,000 and an estimated 10% profit margin on the revenue, the yearly profit would be $134,334.

So, to find out how long it will take to earn back the initial investment:

Payback Period = Investment / Yearly Profit = $750,000 / $134,334 = 5.5 years

Based on these figures, it will take approximately 5-6 years to pay back the initial investment for Jet’s Pizza. This time period could be longer or shorter depending on your sales, revenue, and profit figures.

Failure Rate Of Jet’s Pizza

Franchised Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change

For the Franchised outlets:

  • In 2017, the growth rate was (2)/362×100≈0.55%
  • In 2018, the failure rate was (9)/364×100≈3.30%
  • In 2019, the failure rate was (11)/355×100≈3.10%

Company-Owned Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change

For the Company-Owned outlets:

  • In 2017, the growth rate was (1)/31×100≈3.22%
  • In 2018, the failure rate was (0)/32×100≈0.00%
  • In 2019, the failure rate was (0)/39×100≈0.00%

Total Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change

For Total outlets:

  • In 2017, the growth rate was (3)/393×100≈0.76%
  • In 2018, the failure rate was (9)/396×100≈2.27%
  • In 2019, the failure rate was (4)/387×100≈1.03%

According to the above-mentioned data, we can see that the franchised outlets for Jet’s Pizza grew only in 2017, showing a growth rate of 0.55%. Later, in the years 2018-2019, the company started declining showing a failure rate between 3.30% and 3.10%.

On the other hand, the company started with positive change, showing a growth rate of 3.22%. However, it started declining, showing the failure rate of Jet’s Pizza was 0.00% for 2018-2019.

Overall, when we combine the data of franchise and company-owned outlets, we can see that the Jet’s Pizza franchise has expanded only in 2017, showing a growth rate of 0.76%. It soon started declining in 2018-2019, showing a failure rate between 2.27% and 1.03%.

Jet’s Pizza Franchise Training and Support

Jet’s Pizza provides comprehensive training and support to all its franchisees and their designated managers.

Before opening a store, the franchise owner and any designated manager must attend a full training program at an existing Jet’s Pizza location. This training usually lasts at least 200 hours per person and covers all essential daily operations such as taking orders, making pizzas, customer service, maintaining inventory, cash management, and more.

Jet’s Pizza also provides ongoing support for franchisees to ensure that their stores are running smoothly. They have an experienced team of professionals who are available to answer questions and provide advice on how to improve operations.

Jet’s Pizza Franchise Terms Of Agreement & Renewal

Jet’s Pizza is committed to offering its franchisees a long-term, mutually beneficial relationship. The terms of the agreement are crafted to ensure that all parties benefit from the success of the franchise and enjoy a secure investment.

When signing up for a Jet’s Pizza franchise, the initial term of the agreement is for 10 years. At the end of the 10-year term, you can renew your agreement for an additional 10 years. The renewal fee for this period is $4,000, which helps cover administrative costs as well as other expenses associated with running the franchise.

If your franchise is among the lowest 10% of franchise restaurants in gross sales, you won’t be eligible to renew your franchise.

Jet’s Pizza Franchise Obligations and Restrictions

When signing up to become a part of the Jet’s Pizza franchise, there are certain obligations and restrictions that should be taken into consideration. Each franchisee must agree to abide by all the terms and conditions outlined in their Franchise Agreement. 

Each franchisee must operate their business in accordance with all laws and regulations as well as Jet’s Pizza policies and procedures. Franchisees are prohibited from selling or transferring their store to another party without the express written consent of Jet’s Pizza.

In addition, franchisees must pay all required fees on time and maintain a clean and safe environment in their store. They are also responsible for following all food safety protocols, providing excellent customer service, and actively engaging with their local community.

Jet’s Pizza Franchise Financial Assistance

Jet’s Pizza does not offer to finance or guarantee a note, lease, or any other obligation. However, they do have connections with a network of lenders who are experienced in providing business loans to help cover the cost of the franchise fee and initial investment.

Additionally, US army veterans are eligible for a 50% discount on their franchise fee when they sign up to become a Jet’s Pizza franchisee. This is part of their commitment to supporting those who have served in the military and providing them with business ownership opportunities.

If you do not have sufficient funds to cover the franchise fee and initial investment, you should consider third-party financing options such as Small Business Administration (SBA) loans or other sources.

Entrepreneurs considering a venture into the pizza franchise sector might explore options such as Marco’s Pizza, Chicago Pizza, Little Caesar, Blaze Pizza, and Papa John’s franchise.

Jet’s Pizza Comparison

CompanyJet’s PizzaPapa Murphy’s
Founded In19781995
Initial Investment$437,500-$631,000$308,469 – $557,879 
Total Outlet3831300
Annual Revenue$331 Million$800 Million

Frequently Asked Questions

Is the pizza franchise profitable?


Can you convert the existing pizzeria into Jet's Pizza?

Yes, you can covert the existing pizzeria into Jet’s Pizza.

How long will it take to open a franchise?

It will take approximately 90-120 days to open a franchise.

Is Jet's Pizza a franchise?

Yes, Jet’s Pizza is a franchise organization.

Who founded Jet's Pizza?

Jet’s Pizza is an American Pizza franchise restaurant. It was founded in 1978 by two brothers named Eugene and John Jetts.

How many locations does Jet's Pizza has?

As of 2024, Jet’s Pizza has 400 franchises in 21 states, with restaurant locations in Arizona, Colorado, Missouri, New York and many other states.

Where is Jet's Pizza headquartered?

Jet’s Pizza is headquartered in Sterling Heights, Miami.

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