It is a sad realization that many businesses, both large and small, are closing their doors during this unprecedented time. The COVID pandemic has changed so much in how we live our lives and spend our money and time. The economic hardships are felt by many, with hopeful rebounds in the very near future.
However, there are a number of businesses that are thriving and showing no signs of slowing down. Restaurants, those offering delivery and take-out options, are doing well and pizza chains are leading the charge.
Case in point; Domino’s Pizza has reported stronger than expected earnings in the U.S. and credits demand created by the pandemic. And according to the Sam & Louie’s NY Style Pizza Restaurant Franchise page, the pizza business is booming and the numbers don’t lie. According to the site; samandlouiespizza.com/franchise, over 93 % of Americans eat pizza at least once a month. Michael Nolan, owner of Sam & Louie’s adds that the average American eats 46 slices per year. “That’s an average of 350 slices per second” says Nolan. “Pizza is not just for dinner either, there is a Gallup survey of American families that found 68% reported that they have pizza as part of their special occasions. We built our business around these families to help them celebrate and capture that revenue.”
Nolan, a husband and father, worked side by side with his father and sister to create the Sam & Louie’s Franchise. Nolan and his team help their franchisees and budding entrepreneurs by looking at franchise opportunities as well as existing, turnkey restaurants that provide training, support and at times, almost instant revenue.
Investing in an existing franchise can be beneficial to an entrepreneur who may not have all of the experience needed to run a successful pizzeria as they have access to a support system that assists in finding a location, securing finance, training, advertising and support before, during and after the initial purchase. When buying within an existing franchise, buyers are working with a proven system already in place and that can eliminate hours of research and guesswork as well as reduced errors and glitches that have already been worked out.
Other benefits of buying into an established franchise include the trust factor of customers that are familiar with an existing company as recognized corporate images and brand awareness are huge assets and increases the likelihood of success. And as a result; financing may be easier to secure as lenders are more likely to support an existing business.
Training is vital and most companies provide corporate and in-store training for new owners and their teams as well as provide continued hands-on training and materials. This coincides with on-going support provided to franchisees. When you buy a franchise, you get the support of the franchisor who wants the new business to succeed and should be available at any time for assistance. Support will also come in the form of marketing as the franchisor will, most times and by using appropriated advertising or brand funds, supply marketing material templates and graphics. Rounding out this short list of benefits is that many franchisees can find success with not only one pizzeria and or business, but multiple locations as many franchises offer the growth and success with more than one location.
Sam & Louie’s Franchisees, says Nolan, can start their new restaurant with a minimal initial fee and can be up and running in as little as three months. “We provide assistance with on site selection and lease negotiation, classroom and in-store training, on-going operational and marketing support, food and labor controls and accounting systems,” he said. Nolan then added, “Not all franchisees need restaurant experience, our ideal partners are hard workers that are good communicators, learners and are willing to ask for help. After all, we are in this together, our franchisees success is our success.”
Sam & Louie’s Franchise is listed on the FRANCHISE REGISTRY and is eligible to offer expedited loan processing through the U.S. Small Business Administration (SBA). They provide special opportunities for Active Military, Veterans and their families.