Singas Famous Pizza Franchise FDD, Profits, Costs & Fees (2024
Singas Famous Pizza is a beloved pizzeria chain that started in 1967 in Elmhurst, New York. Founded by Mr. and Mrs. Bill Singas, it is known for its handcrafted, made-to-order 10-inch personal pizzas. The menu also features salads, sandwiches, and pasta dishes.
The brand’s signature sauce and dough recipes have remained unchanged, delivering the same crispy crust and authentic flavors customers adore. Singas began franchising in 2004, expanding beyond New York. By 2024, it operates 31 locations, primarily in New York, New Jersey, and Pennsylvania.
Headquartered in Colonia, New Jersey, Singas Famous Pizza offers U.S. franchise opportunities. Its focus on personalized service, fresh ingredients, and consistent quality sets it apart. Customers enjoy tailored pizzas and a diverse menu, ensuring something for everyone.
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Initial Investment
How much does it cost to start a Singas Famous Pizza franchise? It costs on average between $257,000 – $792,000 to start a Singas Famous Pizza franchised restaurant.
This investment covers various startup expenses, including the franchise fee, equipment, signage, seating, and other essential costs. The exact cost varies based on several factors, including the style of the restaurant, the chosen location, and whether the franchisee decides to lease or buy the property.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $30,000 |
| Construction, Leasehold Improvements, Furniture, and Fixtures | $100,000 – $450,000 |
| Equipment | $50,000 – $125,000 |
| Signage (interior and exterior) | $6,500 – $12,000 |
| Computer, Software, and POS System | $2,000 – $10,000 |
| Opening Inventory | $5,000 – $12,000 |
| Rent Deposits | $10,000 – $30,000 |
| Utility Deposits | $3,000 – $6,000 |
| Insurance Deposits and Premiums | $2,500 – $4,500 |
| Pre-opening Travel Expense | $3,500 – $10,000 |
| Pre-opening Labor | $5,000 – $15,000 |
| Professional Fees | $2,500 – $10,000 |
| Architect & Engineer Fees | $5,000 – $14,000 |
| Market Introduction Program | $5,000 – $10,000 |
| Business Permits and Licenses | $5,000 – $10,000 |
| Menu Printing, Stationery, and Office Supplies | $2,000 – $3,800 |
| Additional Funds – 3 Months | $20,000 – $40,000 |
| Total | $257,000 – $792,300 |
Average Revenue (AUV)
How much revenue can you make with a Singas Famous Pizza franchise? A Singas Famous Pizza franchised restaurant makes on average $358,000 in revenue (AUV) per year. It’s important to note that profitability can vary significantly based on factors such as location, operating costs, and management efficiency.
This compares to $970,000 yearly revenue for similar pizza franchises.
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Singas Famous Pizza Franchise Disclosure Document
Frequently Asked Questions
How many Singas Famous Pizza locations are there?
As of the latest data, Singas Famous Pizza operates 31 locations across the United States, with a significant presence in New York, New Jersey, and Pennsylvania. The company continues to expand through franchising opportunities, inviting prospective franchisees to join their growing family.
What is the total investment required to open a Singas Famous Pizza franchise?
The total investment required to open a Singas Famous Pizza franchise ranges from $257,000 to $792,000.
What are the ongoing fees for a Singas Famous Pizza franchise?
Singas Famous Pizza franchisees pay a 5% royalty fee on gross sales and a 2% marketing fee on monthly sales. These fees support brand development and collective advertising efforts.
What are the financial requirements to become a Singas Famous Pizza franchisee?
To qualify as a Singas Famous Pizza franchisee, you should have a minimum net worth of $500,000 and at least $350,000 in liquid assets. These financial prerequisites ensure that prospective franchisees possess the necessary resources to establish and sustain a successful franchise operation. Meeting these criteria is essential for maintaining the quality and consistency associated with the Singas Famous Pizza brand.
How much can a Singas Famous Pizza franchise owner expect to earn?
The average gross sales for a Singas Famous Pizza franchise are approximately $0.36 million per location. Assuming a 15% operating profit margin, $0.36 million yearly revenue can result in $54,000 EBITDA annually.
Who owns Singas Famous Pizza?
Singas Famous Pizza is owned by Gregory Tsanis, who also serves as the CEO and president. Gregory, along with his brother Chris, acquired the brand in 1977, continuing its legacy of serving high-quality, made-to-order personal pizzas.
Disclaimer
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