Timber Pizza
Timber Pizza offers Neapolitan-style woodfired pizza, empanadas, and specialty foods in casual settings, with franchises ranging from $559,500 to $1,075,000. Known for its wood-fired cooking and casual dining atmosphere, it operates in the quick-service restaurant industry.
Timber Pizza franchise FAQ
How much does it cost to open one — the total initial investment?
The total estimated initial investment to open the first franchised business ranges from $559,500 to $1,075,000. This includes a development fee of $65,000 upon execution of the agreement and an additional $49,000 to $53,000 for the initial franchise fee, which is paid at the time you secure a lease or enter into a franchise agreement for your first business. [p.1, p.22]
What is the initial franchise fee?
The initial franchise fee is $40,000 and it is fully earned upon signing the Franchise Agreement; this payment is not refundable. [p.10]
What are the ongoing royalty and advertising fees?
The ongoing royalty fee is 6% of the Gross Revenue [p.63]. Additionally, Franchisee must contribute at least 2% of the Gross Revenue monthly for Local Advertising, which can be partially or fully satisfied by allocating funds to an advertising cooperative as described in Section 13.4 [p.80].
How long is the initial franchise agreement, and can I renew it?
The duration of the initial franchise agreement isn't specified in the excerpts. However, you have the right to enter into a new franchise agreement for two additional terms, each equal to five years, subject to certain conditions [p.62].
Can I sell or transfer my franchise, and what does that require?
Yes, you can sell or transfer your franchise. However, as specified on page [p.90], a transfer fee is required—$15,000 for general transfers and $1,500 if the management control remains unchanged.
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the agreement upon written notice to the developer if the developer is not in full compliance with other agreements between the parties [p.138]. Additionally, reasonable cause is required for termination under Virginia law, and provisions stating otherwise may not be enforceable due to legal requirements [p.201].
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts.
Do I get an exclusive or protected territory?
No, you do not receive an exclusive territory. You may face competition from other franchisees, outlets owned by the company, or other channels of distribution or competitive brands that the company controls [p.36]. Additionally, if you sign a Multi-Unit Development Agreement, there is limited protection against the company opening another outlet in your development area, but the company retains rights to sell its products through alternative distribution channels within your territory [p.36].
What training and ongoing support does the franchisor provide?
The franchisor provides an Initial Training Program that includes both in-person and virtual components [p.35, p.65], as well as on-site remedial training upon request or at their discretion [p.66]. Additionally, they offer hands-on training through materials like the operations manual and digital presentations [p.3].
How many franchised outlets are there, and how many have closed or been terminated?
According to [p.48], as of the issuance date of this disclosure document, there are four franchised outlets in the system. However, the number of closed or terminated outlets is not specified in the provided excerpts.
Does the franchisor share any financial performance or earnings information?
The franchisor shares certain historic financial performance information of its Affiliate-Owned Restaurant, but this is limited to that specific location and not projections for future operations. The franchisor does not provide financial performance representations for existing franchisees, except in cases where a prospective franchisee requests actual records from an existing outlet they are considering purchasing [p.48, p.51].
What am I restricted to selling, and where must I buy supplies?
You are restricted to serving food and beverage service within the Franchised Business location [p.75]. You must purchase all equipment, fixtures, furnishings, ingredients, supplies, and services from designated suppliers or in accordance with the franchisor's specifications [p.22]. This includes items like computer systems and certain software [p.22].