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Thank you for requesting FDD download. An error has occurred please try again later. Similar Franchises. Our Newsletter Sign up here to get the latest franchise opportunity updates and more delivered directly to your inbox. His mother, after finishing nursing school and buying a house, made two attempts to have Tom and his brother live at home with her, but she and Tom failed to get along.
During these years Monaghan worked a lot of jobs, many of them on farms. His father's aunt took him in during his senior year of high school, but after that he was once again on his own. A quote from Monaghan in his high school yearbook read: "The harder I try to be good the worse I get; but I may do something sensational yet.
Monaghan returned to Ann Arbor to live with his brother Jim, who worked for the Post Office and did occasional carpentry work at a pizza shop called DomiNick's. When Jim Monaghan overheard the pizza shop owner discussing a possible sale, he mentioned buying it as a possibility to Tom. Within eight months, Jim Monaghan took a beat-up Volkswagen as a trade for his half of the partnership.
Tom moved in across the street from his shop. The store Monaghan bought had little room for sit-down dining; from the start, delivery was key.
The first drivers, laid-off factory workers, agreed to work on commission. Early on, Monaghan made decisions that streamlined work and greatly enhanced profits: on two separate occasions he dropped six-inch pizzas and submarine sandwiches from his menu when he was shorthanded at his shop, reasoning that he and his staff could handle the rush better without making special-sized pizzas or sandwiches in addition to regular pizzas.
When he went over the numbers the day after, both times Monaghan found that his volume and profits had increased. Keeping the menu simple made financial sense.
On the advice of Jim Gilmore, a local chef with some restaurant experience, Monaghan opened a Pizza King store offering free delivery in Mt. Pleasant, near the Central Michigan University campus. Gilmore ran the original DomiNick's as a full partner with Monaghan. By early , although the Ypsilanti store was not doing well, Gilmore persuaded Monaghan to open a Pizza King at a new Ann Arbor location, which Gilmore would oversee while Monaghan went and whipped the original DomiNick's back into shape.
Gilmore convinced Monaghan to continue expanding in a financially dangerous way: since Gilmore had been bankrupt when the partnership began, all papers were in Monaghan's name. By , when Gilmore became ill, he made his differences clear: he liked sit-down stores while Monaghan ran delivery. Though Monaghan considered the price preposterous, he did want to separate from Gilmore. Though their partnership was dissolved, Monaghan was still dependent on Gilmore's success in business.
As Monaghan's operations grew, the original owner of DomiNick's decided to maintain rights to the name.
The new company incorporated in Free from the Gilmore-related debts, Monaghan was ready to begin franchising. The first board of directors included Tom, his wife and bookkeeper, Margie, and Larry Sperling. Sperling drafted a franchise agreement in which Domino's would keep 2.
As Monaghan stated in his autobiography Pizza Tiger: "By today's standards, the royalties were far too favorable to the franchisee. But it served our purpose then, and I was not concerned about covering all future contingencies. The first franchisee, Chuck Gray, was a man visible in local and state politics; he took over an original store on the east side of Ypsilanti. While Sperling and Monaghan hammered out financial matters--the former wanted to control costs, the latter to build sales--Domino's Pizza slowly gathered a base of corporate staff.
The second franchisee, Dean Jenkins, was handpicked by Monaghan to take over the first store to be built from the ground up. Its dormitory population, at approximately 20,, was the largest in the nation. Dave Kilby, originally hired to do some radio copywriting for Domino's, later bought into a franchise, then began working at company headquarters, located above the Cross Street shop in Ypsilanti. Kilby then worked on franchisee expansion with Monaghan.
In February a fire swept through Monaghan's original pizza store. Advertising manager Bob Cotman escaped the building just in time, climbing down a fireman's ladder.
The staff pulled together, with each existing store location responsible for producing one pizza item--cheese, dough, chopped toppings--which drivers then ferried from one store to the next to keep operations running. While Tom worked on his task, Margie Monaghan brought in Mike Paul, her contact at the Ypsilanti bank, who soon joined Domino's to run the commissary. Paul fired half of the staff and cleaned up operations; he introduced caps, aprons, and periodic spot checks for employee neatness.
Monaghan learned a lot in the early years of Domino's, due in part to road trips he took to research business and learn from competitors. Pizza Hut is owned by Yum! You must commit to building at least three restaurants over three years. Pizza Hut's franchisee qualification and approval process takes eight to 12 weeks, followed by seven to 21 weeks for market selection and approval, then 18 to 36 weeks for construction and training. Pizza Hut is part of an organization that offers tremendous franchise support , including advertising, business coaching, training, development, and cooperative sourcing.
Performance improvement programs and support are also offered to each new franchisee, along with eight to 10 weeks of required training conducted in a certified training restaurant in Dallas.
Pizza Hut does not provide financing; however, the company does provide a list of banks and financing institutions that have expressed an interest in lending to Pizza Hut franchisees. In , James traded his half of the business to Tom in exchange for a Volkswagen Beetle. Soon after, in , the first Domino's Pizza franchise opened in Ypsilanti, Michigan. On top of regular, thin-crust and pan pizzas, Domino's products include sandwiches, pasta, bread, desserts, buffalo wings, and specialty chicken dishes.
The chain operates more than 16, stores in more than 85 countries. Franchisees at Domino's Pizza fall into one of two categories: internal or external. Domino's Pizza opened its first franchise location in and by , the Company had expanded to stores.
The Company opened its first international location in , launching a store in Winnipeg, Manitoba. This was followed by expansion into the UK and Japan in , and into the Dominican Republic in In , after 38 years of ownership, Domino's founder Monaghan announced his retirement, and sold 93 percent of the Company to private equity firm Bain Capital Inc for around USD 1 billion.
The Company has a current market capitalisation of around USD The Company primarily targets customers in the following categories:. Through these channels, customers are able to browse products, place orders, and schedule deliveries online.
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