It ended the 2021 Financial Year with retained earnings of $402. Jennifer's Story. That first location has grown to hundreds of locations in 22 states. Quick service pizza chains in the U. Tik Tok. For example, you may need to pay 3 times as much for a drive-thru than a non-traditional restaurant: Type of restaurant. Yes, compared to other food franchises the budget for pizza franchises is slightly expensive. Jet’s Pizza® has rapidly risen through the ranks to become the twelfth largest pizza chain in the nation, by sales (PMQ, 2016), with over 400 locations and plans for rapid future growth . Actively set goals and worked towards achieving them by educating a young mentee about various life situations and helping with academic work. Franchise Details: Founded: 1978. 9. The restaurant chain primarily offers pizza, but it also offers fries, Italian taco, pasta, chicken wings, and breadsticks. Of course, this number will vary greatly depending on your location, operating costs, and other factors. Blaze Pizza’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2022 FDD: Initial Franchise Fee: $30,000; Continuing Royalty: 5% of Gross. Papa John's International, Inc. How much does Jet's Pizza franchise cost? Jet's Pizza has the franchise fee of up to $25,000, with total initial investment range of $457,500 - $651,000. Some McDonald's franchise owners are naturally going to make more than others, but most franchise owners still pull in an estimated yearly profit of roughly $150,000 (via Fox Business). $907,000. On average, a Pizza Ranch franchise makes $438,136 in profits per year. Jetts Party Shoppe and Pizzeria was born, and they began selling deep-dish pizzas, beer, wine, chicken, and seafood. On average, a Perkins Restaurant franchise makes $1,729,246 in sales per year. Find Jets Pizza stock images in HD and millions of other royalty-free stock photos, illustrations and vectors in the Shutterstock collection. Chuck E. cicis . Jet’s offers more than famous Detroit-style pizzas, like hand-tossed round, thin-crust, and NY-Style pizzas, fresh salads, breads, and desserts. This corresponds to a 32% profit margin (adjusted EBITDA margin). Domino's Pizza. or myself in any way. The company was founded in 1978 in Sterling Heights, Michigan, and now has over 400 locations in the United States. $450,000. Despite the chicken fast food restaurant industry being one of the most competitive with giants like KFC or smaller players like Wingstop, or even Church’s Chicken, Golden Chick is one of the most profitable franchise we’ve seen. This number is the annual median sales of 282 sample restaurants operating in 2021. Franchise Cost. A critical part of your due diligence is to build an estimated P&L (profit and loss statement) and see what the numbers might look like if you become a Jet's Pizza franchisee. We will take a look at the 25 largest pizza chains in the world. The 29% adjusted EBITDA margin is on the higher end compared to similar food & beverage franchises as per our intelligence (~25-27% industry average). Pizza Franchises (32) Restaurant Franchises (60) Vitamin & Nutrition Franchises (9) Real Estate Franchises. Start-Up Costs are estimated to be about $600-750k depending on state. 0%. THE COMPETITION “Our brand is very unique. Sunset. Buffalo Wild Wings franchisee – owner/operator of 64 multi-state sports bars ( IN, IL, MI, MO, FL) Bagger Dave’s Burger Tavern – 31. Section I – Domino’s Pizza Franchise Costs. With FunZone. Lowest. Delivery accounts for 50% of sales. About Jet's. US$510 million (2022) Number of employees. 6 billion in overall national sales, while independents and small chains raked in $18. S. Initial Franchise Fee of $30,000 to $30,000. The fees above are what Marco’s Pizza requires for interested franchise applicants. S. The FDD also provides the median revenue of the 723 franchise-owned restaurants by quartile, as shown below. The average franchise had total revenue of $1. 25+ year established Restaurant $1. For 40 years, we have aimed for franchisee success rather than volume of stores. com. Financial Requirements for Jet's Pizza Initial investments: $457,500 - $651,000 Net-worth Requirement:. $470,000 Franchise fee. ⬇️ #VettedBiz #FranchisingJet's Pizza. When it comes to growth, Marco’s Pizza franchises are doing well: they increased by +13. To start, visit the Jet’s Pizza website, and follow the prompts. Compared to $316. According to industry standards, getting a return on the franchise investment will not take a very long time. Franchise fee. Therefore, Even after high Royalty and more expenses, the outlet is profitable. Made with lettuce, cheddar, mild peppers, red onions, grape tomatoes & popcorn chicken tossed in your choice of wing sauce. Marco’s Pizza ranked No. Jet's makes pizza, wings and salads using quality ingredients and has hundreds of locations in 20 states. STERLING HEIGHTS, Mich. Each of our stores is independently owned and operated, so you will need to apply directly at the store where you would. Section III – Initial franchise fee, royalty fee, marketing fee, and other fees for a Donatos Pizza franchise, based on Items 5 and 6 of the company’s 2020 FDD Section IV – Number of franchised and company-owned Donatos Pizza outlets at the start of the year and the end of the year for 2017, 2018, and 2019, based on Item 20 of the company. 20,000 Rupees. Simply put, liquid capital is the amount of money you need on hand to enter an agreement with the franchise. However, as an owner of multiple Papa John’s franchises, you do have the ability to make a massive profit. Oct 2016 - May 20192 years 8 months. This is a huge increase of 16. e. Jet's Pizza Franchise Owner Muskegon, MI. On average, a profitable pizza shop operates at a 20% margin. Section III – Initial franchise fee, royalty fee, marketing fee, and other fees for a Blaze Pizza franchise, based on Items 5 and 6 of the company’s 2020 FDD Section IV – Number of franchised and company-owned Blaze Pizza outlets at the start of the year and the end of the year for 2017, 2018, and 2019, based on Item 20 of the company’s. The franchisor network is comprised of over 1,200 independently locations across the country. Expansion continues in markets with existing Jet's as well, including Denver, Colorado, Phoenix, Arizona, Austin, Texas, New York. . 5-year. The official Jet’s Pizza logo features the word “Jet’s” written in uppercase, block font, with gradient colors of red, green, and white. U. S. jetspizza . Wingstop Franchises: Revenue, Costs & Profits (2023) Wingstop is an attractive franchise opportunity for entrepreneurs who want to get into the fast-food industry. For the average profits ranking, Tier 1 includes franchises with more than $200,000 in average annual profits, Tier 2 includes those with $100,000 to $200,000 in average annual profits, and Tier 3 includes those with average annual profits of less than $100,000. Instead, he signed a. For more information about how to franchise your own Jet's Pizza, go to jetspizza. Many of these are one-time fees that are needed to launch the franchise. 5% of sales. Owners in the Pizza Industry with over $5 million in sales have a median multiple of . This is a +7. The Arizona-based Oregano's Pizza Bistro celebrated its 30-year anniversary in 2023. 99 (one large one-topping pizza) Promotion Price: $5How Much Profit Does Pizza Hut Store Actually Make? Franchise owners make an average profit of $100,000 per year. $364,750 – $610,000. 9K in Turkey. From the above analysis of monthly net profit calculations (considering the profits of all three scenarios 27. For example, whilst the investment cost is around $473,000 in continental US, it’s more expensive in Alaska, Hawaii, and Puerto Rico ($548,700). Sauce: Pizza sauce, BBQ, Mild Buffalo. Detroit-style pizza franchise Jet’s Pizza made its debut in the neighborhood last week, opening a new store on 55th Street. to 10 p. 1629, Pizza Restaurant for Sale in Volusia County! Across the Street from Beach! Daytona Beach, Florida. You also can stop by, say hello, and place an order for takeout. 7M (+ 2023 AUV & Profits) Despite a very strong brand name and over 1,700 locations worldwide, Applebee’s is a very expensive franchise. 5 years to recoup the investment. Start your order. Average Gross Profit Margin as a Percentage of Net Sales: 46. We are assuming Sales of 6,00,000 Rupees i. The cost of a Domino’s franchise is around $156,450 to $682,500. The decision making tools in Chapter 15 of The Educated Franchise and in Step 13 of. eject, floppy disk, vinyl and alloy wheel icons for web and design about disk theme. The brand boast’s a proven business model compared to many other pizza franchises, with more than 50 years of success and consistently solid sales. Many Greco locations in rural areas are known as "Greco Express" outlets; they are typically associated with a motel, convenience store, or other. Promotion: HOT-N-READY Pizza – Get one 14-inch large cheese or pepperoni pizza for $5 at participating locations. 2018 Gross Sales 426,678. 5% year-on-year vs. With 1,136 franchise restaurants in the US alone, Papa Murphy’s is one of the most popular pizza franchises. The Detroit-based pizza chain is expanding franchise locations, increasing digital sales STERLING HEIGHTS, Mich. com ) Jet’s Pizza, known for their famous Detroit-style pizza, is. 3947, Lake Sqaure Mall in Leesburg-Restaurant Space for Lease! Dont Miss out! Leesburg, Florida. $714,000 to $1,092,000. Blaze Pizza $367 313: 125: Jet's PizzaJets Pizza competitors and alternatives. This represents an adjusted EBITDA margin of 30% of sales. It’s a very popular franchise among entrepreneurs and franchisees too, and for a good reason. Section III – Initial Franchise Fee, Royalty Fee, Marketing Fee, and Other FeesOn average, a Waba Grill franchise makes $466,536 in turnover per year. Note that this 16% profit margin (adjusted EBITDA) is on the lower end compared to similar franchises as per our intelligence (~25-27% industry average). Luckily, Papa John’s is one of the few franchises that provides a detailed profit and loss for its company-owned restaurants in its Franchise Disclosure Document which we are including below. P. Jet’s offers a huge assortment of pizzas on the menu. Lorne and the staff of Jet's Pizza Alexandria! comments sorted by Best Top New. Comparing pizza chain market share in the ten most populous states, Little Caesars only earned the top spot in Michigan—where it was founded in 1959—with 44 percent of sales in the fourth quarter of 2021. You must invest on average $399,000 including a $10,000 initial franchise fee to open a Domino’s franchise. 5%, 18. In 2021, the company’s revenue was $343 million. Last month, we published our list of the nation’s 100 most successful independent operations. Sterling Heights, MI ( RestaurantNews. The first Greco Pizza restaurant opened in 1977 in Moncton, New Brunswick, as Greco Donair. com) Jet’s Pizza®, known for its famous Detroit. 18. In order to start a Pizza Hut restaurant franchise in USA, you must have a net worth of more than $300,000 and a good experience in the retail & restaurant business. 6 percent systemwide in North America, and 4. 99. This number is the annual median sales of 282 sample restaurants operating in 2021. Domino’s Pizza Group is the brand’s master franchisee in the UK and a handful of countries in Europe. 85 billion, an increase of 13 percent. The conservative all-in cost for franchise fees, construction, equipment, and everything our money would go to before day one is $400,000 total. netPoggi Pizza Corp DBA/Jets Pizza Roswell GA Dec 11 – Present Franchise Owner Owner and Operator of successful startup Pizza franchise. The first franchise location was opened in 1990. November 9, 2022; lol world championship 2022 prize pool; mueller ankle brace, white. The franchise is finishing renovations and plans to be open by Jan. 19%, and 1. 109 of 250. 10" Calzone-style sandwich stuffed with fresh ingredients. 4 million - 1-year change in sales: -17. Yes! Because pizza franchises like MOD Pizza are profitable. Generally speaking, a. A critical part of your due diligence is to build an estimated P&L (profit and loss statement) and see what the numbers might look like if you become a Jet's Pizza franchisee. with the highest sales 2022. Jet's customers can order their pizza online, text to order, or use a third-party aggregator site. Average initial investment: $ 483,100. 86. Offers a flexible startup model. 9 percent internationally. 12. Jet's America, Inc. Once a lease is signed, it takes approximately 90 to 120 days. Scooter’s Coffee (coffeehouse store) franchise costs, based on Item 7 of the company’s 2022 FDD: Initial Franchise Fee: $40,000. Entrepreneur’s Franchise 500. $35,000. 5% year-on-year vs. On average, you would need around $837,847 to open a Checkers/Rally’s franchise restaurant. 58 million in 2019, they saw an increase of 11. A Little Caesars franchise owner can make about 17% profit before taxes, depreciation, rent, amortization, or interest. That’s why Jet’s Pizza is shifting to new, bigger slices on all small and large pizzas. History. However, the margin depends on multiple factors such as dine-in customers,. 49! Get Any 2 Fresh Baked Sub for $12. 46 million. 0 percent) Jet's Pizza doesn't have the. These costs include initial fees, rent, improvements to the store, and opening inventory. They have over 1000 outlets in India with plans of taking their franchise offer internationally soon. This is based on a multitude of factors, including their initial investment cost of 437500 and upfront franchisee fees of 25000By Keith Loria October 24, 2023 4:24 pm. , a Michigan corporation has not sold Personal Information. On average a Donatos Pizza franchise makes $350,467 in profits per year. Search Restaurant Business. A 90 day notice will be given prior to the increase of percentage for this fee. Accordion Sample DesThe amount you make with franchise pizza depends on the type of pizza business you operate. This is an increase of 13. 9 billion U. Most restaurants keep about 10% of their gross sales in profits. 4% revenue growth in 2021 vs. However, most can expect to make between 8% and 20% profit per year on average—and some top-ranked pizzerias make as much as 30%. 19 an hour. Section III – Initial franchise fee, royalty fee, marketing fee, and other fees for a Pizza Hut franchise, based on Items 5 and 6 of the company’s 2019 FDD Section IV – Number of franchised and company-owned Pizza Hut outlets at the start of the year and the end of the year for 2016, 2017, and 2018, based on Item 20 of the company’s. S. It is this style of pizza, and the way it is exclusively prepared, that differentiates Jet's Pizza from any other pizzeria on the planet. The average Jet's Pizza salary ranges from approximately $27,630 per year for a Cashier to $72,816 per year for a General Manager. Business For Sale - Jet's Pizza Franchise, Greater Chicago, IL - Chicago, Illinois - Find Great Restaurants & Fast Food Businesses For Sale on BusinessBroker. LeBron James has decided not to renew his option with McDonald's; he will lend his name and marketing power to fast-casual pizza franchise Blaze. Our start-up figures are approximate costs for start-up of a 4 Moons Pizzeria franchise as prescribed by the Franchisor. com. m. Oh, the excitement that will ensue when we deliver. It will expand westward and introduce Jet’s in new states and markets, including Utah, Kansas, New Mexico, Washington and Las Vegas. A Little Caesar’s franchise is a great business opportunity for people with a desire to start their own small business. 2021 Net Profit $77,560. Jet’s Pizza Franchise Cost / Initial Investment / Jet’s Pizza Franchise. Served. Hungry Howie’s franchise costs, based on Item 7 of the company’s 2022 FDD: Franchise Fee: $12,500 to $25,000. Security Deposits: $1,750 to $2,850. 8 Years based on median. This is a good indication of high growth as a company overall. It. Pizza Hut was founded in 1958, and PepsiCo acquired Pizza Hut in 1977. This is the average sales per restaurant for the 97 of the 100 franchised restaurants operating in all of 2021. The submission of this application. Ensure You Fulfill Minimum Requirement. • The profit depends on how well the franchisees are doing. S. Marco’s Pizza. Of course, this number will vary greatly depending on your location, operating costs, and other factors. Keep or convert. Cheese makes the list because of. 99 has become one of its top sellers since it was introduced a few years ago. Royalties to Corporate will be zero for the first year. The profit on Pizza is very high because the cost is only 40% on Sales. 9 BLAZE PIZZA. MEDIA CONTACT: Gabriella Galloway, Brand Marketing Specialist, 586-795-8403, press@jetspizza. 2020 ($1,390,242, 104 units). 83 on Entrepreneur’s 2020 Franchise 500 list. We also have a Regional. If you’re looking at starting a Pizza Pizza franchise, here’s a preliminary checklist to get an idea of what you’ll need: Minimum $150,000 for the initial investment. Cici’s Pizza Franchise Revenue & Profit. Additionally, our Jet’s Pizza locations remain open and many of our stores are hiring . Your pie Franchise Cost. Domino’s Franchise Profit. Let’s dive in…. 6. Jet's Pizza Franchise Owner Muskegon, Michigan, United States. Our estimated start up is $505,000. This is an increase of 13. Get a large Jet 10 topping pizza with premium mozzarella, pepperoni, ham, onions, hamburger, Italian sausage, bacon, mushrooms, green peppers, and black olives for $15. 99. Moreover, the amount of sales and profit margin depends on the location of. Royalty fees are between 8-10%. A Jet’s Pizza franchise, serving “Detroit style” square pizza, is opening at 728 Amsterdam between 95th and 96th Streets. The initial franchising fee for a Jet’s pizza franchise is $20,000. July 2022 Job Description: This position is essential, as it oversees over 60+ franchise locations and is a liaison between the corporate office and our franchisees. S. , March 9, 2022 /PRNewswire/ -- Jet's Pizza, known for its famous Detroit-style. We can conclude that the Profit Margin of the Domino’s Franchise is 26. When it comes to growth, Marco’s Pizza franchises are doing well: they increased by +13. How long will it take to open a franchise? The time necessary to open a franchise varies from location to location depending on the local health department and city permitting. Business For Sale - - Not Disclosed, Confidential - Find Great Businesses for Sale on BusinessBroker. We very much appreciate your continued business and trust in us. If you sell $100,000 of pizza, you’ll pay them only $5,000, assuming your total expenses are $70,000. Jet’s Pizza began in 1978, when brothers Eugene and John Jett started their first pizzeria in Sterling Heights, Michigan. Domino’s is a very profitable business for the franchisor with consistent solid profits. Restaurant: Jet's Pizza Location: 2831 Parmenter St. As per our estimates, Kung Fu Tea franchisees earn profits of $113,036 per year on average. ( doing business as Jet's Pizza) is an American pizza franchise restaurant. How profitable is a Johnny Rockets franchise? We estimate that a Johnny Rockets franchised restaurant makes $261,649 in profits per year on average. sales: $51. ThisChristina Gough , Oct 9, 2023. Forbes indicates the Jets operated at a profit of $8. ft. By Keith Loria October 24, 2023 4:24 pm. Entrepreneur Franchise 500 Rank: 152 Initial investment: $450,000 to $630,500 Initial franchise fee: $25,000 New units in 2016: 15 units (+4. Personal goals: wake up everyday trying to be a better manager/ partner than I was. This sales number is the average annual median sales for 359 traditional and non-traditional restaurants operating. While the total revenue of a Jet's Pizza is far behind larger chains like Pizza Hut this is to be expected since the company has far fewer units. JET’S PIZZA Franchise Owners List. On The Profit, Lemonis offered the co-founders--brothers Daniel and David Ben-Nun, and friend David Malino--a deal: $600,000 for a 40 percent equity stake of the company. 2020 average food costs, labor costs and taxes, manager’s labor and taxes, mileage, advertising, controllables, rent and common area maintenance, other non-controllables, training. of Truro, Nova Scotia. On average, a typical Pizza Hut franchisee can make a profit ranging from $50,000 to $300,000 per year, depending on these factors. 10 Jet’s Pizza. The cost of an average Pizza Hut franchises ranges between $367,000 to $2 Million for Traditional Stores. Standings. 21. When you go to sell a MOD Pizza franchise based on the median multiple of 0. A Net Worth of $500,000 with $250,000 in liquid assets alongside a minimum credit score of 720 are required by Cici’s Pizza. JET'S® VS. So we operate our locations, and have monthly meetings to discuss the general business. We do not currently offer vegan cheese, however all our pizzas. $112,860 - $148,655: 10: JAN-PRO: A cleaning and disinfecting business with a growing demand. Pizza Hut Franchise Profit . There is no application fee to apply to be a franchise. Kosztowny is set to open the first regional franchise in Alexandria in the next two weeks, and another. This fee covers the cost of using the Jet’s brand, access to the brand’s recipes, training, and support from the franchisor. Listing Id:10135 Lease Term:2026 Monthly Rent$3349. JET’S PIZZA 1321 W. Hand & Stone Massage and. 50 per late order. On average, a Papa Murphy’s franchise makes $55,000 in profits per year (9% EBITDA margin as per our estimates). The following site selection criteria are taken from Cici’s website: Prototype size between 3,200 square feet and 4,000+ square feet. [3] In November 2015, the company began a new marketing campaign which included the renaming of the company to Cicis (by dropping. 46 million in 2021, an 11. Smallwares: $15,000 to $50,000. 83 on Entrepreneur’s 2019 Franchise 500 list. Not every business. Entrepreneur’s Franchise 500. Virginia — Alexandria 6 E Glebe Rd | Store Details. Jet’s loyalty/email platform provider (Personal Information that has been disclosed includes: category A (Identifiers), and category F (Internet or other similar network activity)). of franchise. dollar) from its franchisees. The 27% adjusted EBITDA margin is in line compared to similar franchises as per our intelligence (~25-27%. Total units: 380. The business has been under current ownership for 25+ years. The Arizona-based Oregano's Pizza Bistro celebrated its 30-year anniversary in 2023. If you’re looking at starting a Pizza Pizza franchise, here’s a preliminary checklist to get an idea of what you’ll need: Minimum $150,000 for the initial investment. This initial investment does cover the franchise fee, marketing fee, and. This represents a 26% profit margin (adjusted EBITDA margin to be exact). Year founded: 1961. Section I – Domino’s Pizza Franchise Costs. Yet, also note that Blaze Pizza doesn’t provide any financial. 0%. This corresponds to a 28% adjusted EBITDA margin. Number of locations: 400. $199,000 . 3% from 2019 to 2021. Laziz Pizza. Photo: Dan Kosztowny. 58 million in 2019, they saw an increase of 11. 16,000 (2023) Website. Domino’s Franchise Profit. S. 5% increase in. The total investment necessary for Blaze Pizza Franchise ranges from $624,000 to $1,106,500. Yet another famous pizza franchise, Hungry Howies, was birthed in Taylor, Michigan in 1973 by Jim Hearn. Donatos Pizza’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2022 FDD: Initial Franchise Fee: $30,000; Licensing Fee: 4% of Net. This includes $40,000 that must be paid to the franchisor or affiliate. With over 70 locations in the US today, of which 62 are franchised-owned, Pizza Guys number of restaurants has been pretty stable over the. Net Worth. The revenue of the New York Jets, franchise of the National Football League, followed an increasing trend from 2001 to 2022. Cash Flow: $115,000. And Jet’s has plenty of specialty topping combos, too. 6 billion,” PMQ Pizza notes. The estimated Papa John’s franchise profit is in the range of $137,642 to $198,403 and it will take 2. Equipment: $150,000 to $300,000. 00, Sq. You can Flavorize. Jet’s Pizza was founded in Sterling Heights by brothers Eugene and John Jetts in 1978 as Jetts Party Shoppe and Pizzera. While the total revenue of a Jet's Pizza is far behind larger chains like Pizza Hut this is to be expected since the company has far fewer units. Our JET’S PIZZA Franchise Due Diligence Report gives you access to custom research report on franchises, put together by franchise research experts. April 27, 2023. Owners also receive 50 percent off of pizzas for family and. Jet's Pizza is growing its brand more than ever in 2022, according to a press release. The chain has now grown to more than 400 stores in 20 states. A typical pizza franchise can yield a profit margin of 15%, which is substantially higher when compared to a margin of 3% to 7% that independent stores. The average Jet's Pizza hourly pay ranges from approximately $13 per hour for a Cashier to $35 per hour for a General Manager. jet's pizza franchise profit. 3 Marco’s Pizza. Marco’s Pizza was recently named “Pizza Chain of the Year” in a Harris Poll EquiTrend survey of more than 77,000 people. Memphis & Cordova Tennessee Jet’s Pizza National Franchises for Sale. 4 million Revenue $375k+ SDE. Owner at Jet's Pizza Saline, MI. The decision making tools in Chapter 15 of The Educated Franchise and in Step 13 of. Year. Then he launched Jet's Pizza in the space with his brother. and Pizza. On average, a Hungry Howie’s Pizza franchise makes $806,899 in sales per year. The fees above are what Cicis Pizza requires applicants to have when they apply to become franchise operators. with the highest sales 2022. Cici’s Pizza Jet's Pizza is an American pizza restaurant franchise. If they don’t know where to check, they can check under your Jet’s rewards section. Daily Lines. TOP 10 Pizza Franchises in USA in 2019 1 Pizza Hut. I would suggest around like 1-4 in the afternoon as this is usually the slower part of the day. The average cost to open up any pizza franchise in India lies between Rs 70 lakhs to 1 crore. Investments. 4 to 3. COUPON. Estimated Total Initial Investment. Meanwhile. $225,000. This is the average sales per traditional store for the 100 of the 111 franchised stores that were open for all of 2021. Note that Waba Grill doesn’t provide much information about its franchise restaurants financial performance in its FDD report. 76 followers 67 connections See your mutual connections. S. While how much Domino's franchise owners make definitely varies from location to location, Glassdoor reports an annual salary range between $107,000 to $116,000 can be expected. P. Monthly Rent$9868, Sq. Rather, the parent company shares profits equally, so that the company and its franchisees grow together, or. Brothers Eugene and John Jetts opened the first Jet's Pizza in Sterling Heights, Michigan, in 1978.