This list of Pizza Franchises list starting costs between $70,000 and $1 Million. A proven franchise model has a much better chance of succeeding, though you have them on your back for 10 years?
http://www.entrepreneur.com/franchises/c...
So one day I wish to open my own pizza shop. Since sixteen I have worked at Papa John's as a pizza slapper and doing cashier work (now 18). I am currently enrolled in a 4 year business management course. In several months I will be eligible to become a shift leader at Papa John's. I plan on doing that until I graduate college since the owner of the store is helping to pay my tuition (became good friends).
I don't want to be apart of a corporate franchise for the rest of my life and I live in a city that's continuously growing with very few pizza shops. Either it's crummy cheap pizza from Little Caesars or over-priced real Italian homemade pizza with outrageous prices. So for the past few months I have been making a business plan (i.e. ideals, food costs, overhead rent, employee/insurance costs, materials, apparatus and so on). This obviously will not be my final draft. I did the math and to get fully started off the ground and to cover all costs (rent, utilities, employee, food costs, etc...) for three months and one additional month for construction and training of the employees in my area. It came out around $215,000.00 and I would like to request at least $235,500.00 - $240,000.00 as cushion for safety in case if something were to happen.
So if I were to get another co-signer (ideally my father; he's a physician), maintain my good credit, have those years of management and with a college degree should I run into much problem with the loan?
