Fox's Pizza Den Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$108,800 - $236,000
Franchise Fee
$15,000
Total US Locations
192
Business Summary
Fox's Pizza Den operates a business focused on preparing and selling various pizza and other food items at retail for pickup and delivery under the Fox's Pizza Den trademarks. The business uses a distinctive operating system including unique interior and exterior design, proprietary products and recipes, and specific operational methods.
Corporate History
Fox's Pizza Den, Inc. was formed as a corporation in Pennsylvania on September 16, 1974. The company has operated under the 'Fox's Pizza Den' name and its associated logos since its inception. Fox's Pizza Den began offering franchises on the same day it was formed, September 16, 1974. The current President, James R. Fox III, has been involved with the company since 1996, working under the mentorship of his father, the founder.
Financial Overview
Investment Range
$108,800 - $236,000
Franchise Fee (Low)
$15,000
Franchise Fee (High)
$15,000
Equipment Costs (Low)
$40,000
Equipment Costs (High)
$125,000
Working Capital
$5,625
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
Fox's Pizza Den, Inc. appears to be in a healthy financial position, as indicated by its audited financial statements. The company received an unqualified opinion from its auditor, meaning the financial statements present fairly, in all material respects, the company's financial position. The company has positive net income for the years ended June 30, 2024, 2023, and 2022, and its cash balance increased significantly from $13,778 in 2023 to $82,807 in 2024. This suggests Fox's Pizza Den has adequate financial resources to support its operations and franchise system.
Financing Details
Fox's Pizza Den does not offer any direct or indirect financing to its franchisees. Additionally, Fox's Pizza Den does not guarantee any note, lease, or obligation on behalf of its franchisees. Franchisees are responsible for securing their own financing.
Performance Metrics
Total US Locations
192
Franchised Units
192
Corporate Units
0
Avg Square Footage
1,100
Franchising Since
1974
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Fox's Pizza Den has no litigation to disclose, indicating a clean legal record for the franchise.
Bankruptcy History
Fox's Pizza Den has no bankruptcy information to disclose, indicating no bankruptcy history for the company or its key personnel.
Agreement Terms
Initial Term
5 years
Renewal Term
5 years
Renewal Conditions
To renew their franchise agreement, Fox's Pizza Den franchisees must meet several conditions. They must be in full compliance with the current franchise agreement and all other agreements with Fox's Pizza Den, including all financial obligations. Franchisees must not have committed three or more defaults during the current term, regardless of whether those defaults were cured. They need to provide written notice of their intent to renew at least six months before the current term expires and must execute all required documents for the renewal, including a new franchise agreement which may have different terms and fees. Franchisees are also required to complete any additional training, obtain the right to occupy their current premises or have approval to relocate, and perform any necessary remodeling or redecoration to meet current System standards. Finally, they must sign a general release of all claims against Fox's Pizza Den.
Training & Support Program
Franchisor Assistance
Before opening, Fox's Pizza Den helps franchisees by providing site selection guidelines and approving the proposed location. They offer prototypical plans and specifications for the restaurant's layout, design, appearance, and signage, and provide a written list of required equipment and supplies. Fox's Pizza Den recommends minimum and maximum prices for products and services and provides initial training at an affiliate or franchised location, with a trainer present for up to five days during the grand opening. Ongoing support includes optional or mandatory additional training programs (up to five days annually), remedial on-site training upon request (for a fee), individualized assistance by phone, fax, or email, and samples of advertising and promotional materials. Fox's Pizza Den also conducts inspections of franchised businesses and updates lists of approved suppliers.
Initial Training Hours
70
Training Location
At your retail store
Ongoing Support
After opening, Fox's Pizza Den franchisees are offered or required to attend mandatory or optional additional training programs, up to five days each year at a designated location, and an annual business meeting or franchisee conference for up to five days annually. Failure to attend mandatory training or meetings is a default of the Franchise Agreement. Fox's Pizza Den also provides remedial on-site training and assistance upon franchisee request or as deemed appropriate, for which the franchisee must reimburse the trainer's per diem fee and travel expenses. Additionally, individualized assistance is available within reasonable limits by telephone, fax, or email, and franchisees receive samples or digital artwork of advertising and promotional materials from time to time. Fox's Pizza Den conducts inspections of franchised businesses to ensure standards are met and provides written specifications for required items and updated lists of approved suppliers.
Franchise Requirements
Industry Experience Required
No
Management Experience Required
Yes
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
retail
Owner Participation
supervisory
Territory Type
protected
Territory Size Requirements
Fox's Pizza Den defines its franchise territories on an individual basis after the specific outlet location is identified and approved. The territory will take into account factors such as minimum numbers of households, average home prices, and household incomes. The defined territory will be attached to the Franchise Agreement.
Staffing Notes
Fox's Pizza Den requires the franchisee to personally supervise their Fox's Pizza Den outlet. Franchisees may appoint a General Manager to oversee day-to-day operations, but the franchisee must remain active in overseeing the business. The General Manager, who can be the franchisee or an approved appointee, must successfully complete the Initial Management Training Program and any other required training courses, and must devote full time to the job without having interests in competing businesses. All personnel who will access Fox's Pizza Den's proprietary and Confidential Information must sign a Non-Disclosure/Non-Competition Agreement. Fox's Pizza Den provides standards for employee qualifications and training but does not otherwise assist with hiring and training.