Interested in Owning a Pizza Franchise? You Really Need to Read My Interview with Brett Larrabee, Director of Franchise Development for Toppers Pizzaby Ambrosio
Brett Larrabee started out as a Subway franchisee back in 1986 and built 6 Subway stores. He went on to work with several franchise companies in Florida – Circle K and Burger King, to name a few. Brett became the Franchise Director at Panchero’s for several years and then the Director of Operations with Five Guys in New York City, before coming to Toppers Pizza as Director of Franchise Development.
1. What made you decide to join Toppers Pizza as Director of Franchise Development?
There are a lot of companies that franchise their concept but I’ve learned through the years that there are very few franchises that have a business model that creates wealth for their franchisees. Many of the food franchise business models expect franchisees to provide a large part of the labor in order for them to get a paycheck. Essentially, it’s just like buying a job, and I’ve always felt that a lot of those folks could have just gotten a job and invested their money in the stock market and done better.
But there are a handful of franchise companies that have the right business model to create wealth. Five Guys Burgers has taught me that that there’s a sweet spot in the food franchise business — one that requires about $400,000 in investment, a store buildout under 2,000 square feet, and average unit volume around $950K to $1 million. Five Guys did that and their franchisees have created a fair amount of wealth for themselves in operating that franchise format.
When I left Five Guys, I looked at the field of opportunities and Toppers was the most similar to Five Guys. Instead of a better burger category, it’s a better pizza category.
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Pizza franchise is a fabulous opportunity. I as a pizza lover took up this franchise few months ago and it is doing quite well.
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