What Are My Startup Costs?
Opening a MidiCi The Neapolitan Pizza Company franchise is more affordable than you think
When you walk into a MidiCi The Neapolitan Pizza Company, the first thing you’ll notice is that the fit and finish is best-in-class. From authentic ovens to marble counters to brass fixtures and a tremendous attention to detail, MidiCi The Neapolitan Pizza Company doesn’t feel like a fast-casual franchise. It feels like a very high-end, artisan restaurant. That’s by design — our architect is well known for some of California’s finest restaurants.
What will surprise you is that our pizza franchise costs are more in line with typical fast-casual restaurants. Although we have an upscale look, our initial investment is much more reasonable than you would expect.
On average, the startup cost for a single-unit MidiCi The Neapolitan Pizza Company franchise is $612,616 – $774,948. The estimated startup cost for a multi-unit franchise is $674,616 – $868,948.
Our minimum criteria for new franchisees
- $500,000 in liquid assets. This includes anything besides home equity that can be converted to cash within 30 days. Retirement accounts such as a 401(k) or IRA can be considered.
- Net worth of $1 million
- Strong credit
MidiCi franchise costs: Single-Unit Model
This investment range is based on a single-unit MidiCi The Neapolitan Pizza Company location:
|ESTIMATED INITIAL INVESTMENT
|Type of Expenditure||Amount||Method of Payment||When Due||To Whom Payment is to be Made|
|Franchise Fee||$46,000||Certified funds||At time of signing of Franchise Agreement||Us|
|Training Expenses||$3,500- $6,000||Check, cash, or credit card||As incurred||Paid to various vendors|
|Development Services Fee||$3,950||As agreed to||At time of signing Franchise Agreement||Us|
|Rent Deposit||$9,166- $27,498||As agreed to||As incurred||Landlord|
|Leasehold improvements||$225,000- $311,000||As agreed to||As incurred||Paid to various providers|
|Furniture, Fixtures, and Equipment||$175,000- $190,000||As agreed to||As incurred||Paid to various required suppliers|
|Computer (POS) System||$17,000||As agreed to||As incurred||Vendor|
|Signage||$8,000 -14,000||As agreed to||As incurred||Vendor|
|Opening Inventory||$10,000||As agreed to||As incurred||Designated and approved suppliers|
|Uniforms, Merchandise, Equipment, and Sales||$7,000||Certified funds||As incurred||Us|
|Initial Marketing||$8,000||As agreed to||As incurred||Vendors|
|Utility Deposits, Security Deposits, Business Licenses, Liquor License, etc.||$5,000-$11,000||As agreed to||As incurred||Various govt. entities, utility companies|
|Inspection Fee||$0 -$1,500||As agreed to||As incurred||Us|
|Additional Funds—3 Months||$95,000 – $122,000||As agreed to||As incurred||Various vendors|
|Total||$612,616 – $774,948|
MidiCi franchise costs: Multi-Unit Model
This investment range is based on multi-unit MidiCi The Neapolitan Pizza Company locations:
|ESTIMATED INITIAL INVESTMENT
(Multi Unit Agreement)
|Type of Expenditure||Amount||Method of Payment||When Due||To Whom Payment Is to be Made|
|Estimated Initial Investment for First Restaurant||$566,616- $728,948||As outlined in table above||As outlined in table above||As outlined in table above|
|Multi-Unit Fee||$108,000- $140,000||Certified funds||At time of signing of Multi-Unit Agreement||Us|
Want to learn more? Fill out the form and download our franchise information report, or call to talk with one of our franchise recruiters. We’ll help you understand the costs involved.