Tuesday, February 19, 2013

Domino's Pizza


I feel like a great franchise to choose would be Domino’s.  Domino’s is such a well known pizza place and has always kept a good reputation for how they do business. Domino’s was created in 1960 near Arbor, Michigan as a sole proprietorship pizza restaurant and is now the second largest pizza franchise known today, only behind Pizza Hut. I know that I have an app on my iPod that allows me to order my pizza.  I think that’s crazy that a business is able to allow customers to do orders from apps on their mobile devices.  I think Domino’s has started a new revolution and many other companies are going to start creating apps to better serve their customers. I think Domino’s Pizza is a great opportunity to buy as a franchise because with the way their reputation is and how well they are serving their customers, especially with technology access. The development of this app has definitely increased their sales of pizza and really boosted them up in great franchises to own.  Domino’s not only keeps their customers best interest with everything they do, but Domino’s does it without causing any drama in the news.  It is so easy for a company today to be found doing something that is frowned upon, but nothing negative ever comes up with Domino’s.  All the news I have ever heard was good news, either about more specials for their customers or new coupons that customers can print off offline.  All this great news and great press of Domino’s has allowed them to expand into other countries other than the U.S.  The first foreign Domino’s was located in Canada and it just exploded from there. Domino’s is an LLC franchise that costs at the maximum $460,000 to set up and own, with the initial fee being about $25,000.  Domino’s wants to make sure that all their franchises are customer friendly and to make sure that, they put new owners through training of human resources.  Though Domino’s offers a lot of conferences to the owners they do not help with finances when new owners start up their own Domino’s.  When starting a Domino’s franchise the owner will be faced with the opening cost, equipment, rent, furniture, ingredients, training, and insurance.  I think Domino’s is a great franchise to invest into if you are interested.

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