Oath Pizza is a rising star in the fast-casual dining segment, known for its delicious, craft pizzas and commitment to quality ingredients and sustainability. With a mission to deliver a better pizza experience through innovation and ethical practices, Oath Pizza has carved out a unique niche in the competitive restaurant industry.
This comprehensive guide will explore everything you need to know about franchising with Oath Pizza, including an introduction to the brand, franchising fees, conditions, the franchising process, and the advantages of becoming a franchisee.
Oath Pizza Brand Introduction
History and Background
Founded in 2015 on Nantucket Island, Oath Pizza was created with a vision to revolutionize the pizza industry. The founders, inspired by the island’s vibrant food culture and a desire to offer a healthier, ethically sourced product, developed a unique pizza concept that quickly gained popularity. Oath Pizza’s rapid growth is a testament to its innovative approach and dedication to quality, expanding from a single location to numerous outlets across the United States.
Concept and Menu
Oath Pizza differentiates itself with its signature craft pizzas, featuring a proprietary crust recipe that is grilled and seared in avocado oil. The menu offers a variety of toppings, including sustainably sourced proteins, fresh vegetables, and house-made sauces, catering to a range of dietary preferences, including vegan and gluten-free options. In addition to pizzas, Oath Pizza serves a selection of salads, sides, and beverages, ensuring a well-rounded dining experience.
Brand Values
Oath Pizza is committed to making a positive impact on the world through its food. This commitment is reflected in its use of high-quality, ethically sourced ingredients and environmentally friendly practices. The brand values community involvement, sustainability, and transparency, striving to create a dining experience that is not only delicious but also socially responsible. This dedication to ethical practices has helped Oath Pizza build a loyal customer base and a strong reputation in the fast-casual dining sector.
Oath Pizza Franchising Fee
Initial Franchise Fee
The initial franchise fee for opening an Oath Pizza restaurant is $35,000. This fee grants franchisees the rights to operate under the Oath Pizza brand, access to proprietary systems, training, and ongoing support. It is a one-time payment required upon signing the franchise agreement.
Total Investment
The total investment required to open an Oath Pizza franchise ranges from $350,000 to $550,000. This investment covers various costs, including real estate, construction, equipment, signage, initial inventory, and working capital. The range in total investment is due to factors such as location, size of the restaurant, and market conditions.
Royalty and Marketing Fees
Franchisees are required to pay ongoing royalty and marketing fees. The royalty fee is 6% of gross sales, which goes towards ongoing support and development from the franchiser. The marketing fee is typically 2% of gross sales, used for local and national marketing campaigns to promote the brand and drive traffic to the restaurants.
Oath Pizza Franchising Conditions
Financial Requirements
Prospective franchisees must meet specific financial requirements to qualify for an Oath Pizza franchise. These include having a minimum net worth of $500,000 and liquid assets of at least $250,000. These requirements ensure that franchisees have the financial stability to support the investment and ongoing operations of the restaurant.
Experience and Skills
While prior experience in the restaurant or hospitality industry is beneficial, it is not a strict requirement. Oath Pizza looks for franchisees who possess strong business acumen, leadership skills, and a passion for delivering exceptional customer service. Franchisees should be committed to upholding the brand’s values and standards.
Location and Territory
Oath Pizza works closely with franchisees to select the ideal location for their restaurant. Factors such as demographics, traffic patterns, competition, and visibility are taken into account. Franchisees are granted an exclusive territory, which protects their investment and prevents other Oath Pizza locations from opening nearby.
Oath Pizza Franchising Process
1. Initial Inquiry and Application
The franchising process begins with an initial inquiry, where prospective franchisees express their interest in the Oath Pizza brand. This is followed by the completion of an application form, which provides the franchisee with essential information about the applicant’s background, experience, and financial status.
2. Discovery Day
Qualified applicants are invited to a Discovery Day at Oath Pizza’s corporate headquarters. During this visit, potential franchisees have the opportunity to meet the corporate team, tour existing restaurants, and gain a deeper understanding of the brand’s operations and culture. This is also an opportunity for both parties to evaluate if there is a mutual fit.
3. Franchise Agreement
If both parties are satisfied after Discovery Day, the next step is to sign the franchise agreement. This legal document outlines the terms and conditions of the franchise relationship, including fees, obligations, and rights of both the franchisee and franchisee.
4. Site Selection and Lease Negotiation
With the franchise agreement in place, the site selection process begins. Oath Pizza provides support in identifying suitable locations and negotiating lease terms. The goal is to secure a high-traffic location with strong potential for success.
5. Design and Construction
Once a location is secured, the design and construction phase begins. Oath Pizza provides design guidelines and approved contractors to ensure the restaurant meets brand standards. This phase includes building out the space, installing equipment, and setting up the restaurant for operations.
6. Training
Comprehensive training is provided to franchisees and their management teams. This training covers all aspects of running an Oath Pizza restaurant, including operations, customer service, marketing, and financial management. The training program is designed to equip franchisees with the knowledge and skills needed to succeed.
7. Pre-Opening and Grand Opening
In the weeks leading up to the opening, Oath Pizza supports franchisees with pre-opening activities, including hiring staff, marketing, and organizing the grand opening event. The grand opening is a significant milestone and is often accompanied by promotions and community events to generate buzz and attract customers.
8. Ongoing Support
After the restaurant opens, franchisees receive ongoing support from the franchisor. This includes regular check-ins, access to operational resources, marketing support, and continued training opportunities. Oath Pizza is committed to helping franchisees grow their business and achieve long-term success.
Oath Pizza Franchising Advantages
1. Established Brand
One of the primary advantages of franchising with Oath Pizza is the strength of its established brand. With a commitment to quality and sustainability, Oath Pizza has built a reputation for excellence that attracts a loyal customer base. Franchisees benefit from this brand recognition, which can drive traffic and sales from day one.
2. Proven Business Model
Oath Pizza offers a proven business model that has been refined over the years. Franchisees receive access to this model, including proprietary systems, recipes, and operational procedures. This reduces the risk associated with starting a new business and provides a roadmap for success.
3. Comprehensive Training and Support
Franchisees are not alone in their journey. Oath Pizza provides comprehensive training and ongoing support to ensure franchisees have the tools and knowledge needed to succeed. This includes initial training, regular updates, and access to a network of experienced franchisees and corporate staff.
4. Marketing and Advertising
Oath Pizza invests in national and local marketing campaigns to promote the brand and drive customer traffic. Franchisees contribute to a marketing fund that supports these efforts, ensuring their restaurant benefits from professional marketing strategies and materials.
5. Innovation and Menu Development
Oath Pizza is committed to continuous innovation and menu development. Franchisees benefit from new product launches, seasonal promotions, and menu updates that keep customers coming back. This focus on innovation helps franchisees stay competitive in the ever-evolving restaurant industry.
6. Community Involvement
Oath Pizza encourages franchisees to get involved in their local communities. Community involvement not only builds goodwill but also helps attract loyal customers. Franchisees have the opportunity to sponsor local events, participate in charitable activities, and create a positive impact in their communities.
7. Financial Performance
Franchising with Oath Pizza offers the potential for strong financial performance. The combination of a recognizable brand, proven business model, and comprehensive support can lead to profitable operations. While individual results vary, many Oath Pizza franchisees achieve significant financial success.
8. Flexibility and Growth Opportunities
Oath Pizza offers flexibility in terms of restaurant size and format, allowing franchisees to adapt to different market conditions. Additionally, successful franchisees have the opportunity to expand their portfolio by opening multiple locations. This growth potential makes franchising with Oath Pizza an attractive long-term investment.
Conclusion
Franchising with Oath Pizza offers a unique opportunity to join a well-established and respected brand in the fast-casual dining industry. With a proven business model, comprehensive training and support, and a commitment to innovation and community involvement, Oath Pizza provides franchisees with the tools and resources needed to succeed.
The initial investment and ongoing fees are significant, but the potential rewards can be substantial for those who meet the financial requirements and are dedicated to upholding the brand’s standards. The franchising process is thorough and designed to ensure both the franchisor and franchisee are well-prepared for a successful partnership.
For entrepreneurs looking to enter the restaurant industry with the backing of a trusted and successful brand, franchising with Oath Pizza is a compelling option. With the right combination of passion, dedication, and business acumen, franchisees can achieve long-term success and contribute to the continued growth of this innovative brand.\