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Sizzler
Sizzler is a casual dining restaurant chain that serves grilled steaks, seafood, chicken, burgers, and ribs. The restaurant’s giant salad bar is also a large draw for customers. Sizzler’s goal is to serve good, fresh food to its customers at affordable prices. The menu is purposefully not overly complicated so that the chefs can focus on creating great meals, and customers are not overwhelmed by the selection. Sizzlers are found predominately in the Western half of the United States, as well as Florida and New York. More about the cost of owning a Sizzler franchise below.
Facts & figures
Franchisees of Sizzler must have significant experience in the restaurant industry, as well as smart business instincts. Though franchisees can elect to open only one restaurant, Sizzler seeks people who also want to develop an area of at least three restaurants.
Sizzler Franchise Opportunities - History
Helen and Del Johnson opened a Del’s Sizzler Family Steak House (the name was later abbreviated) in Culver City, California in 1958. At the time, a steak cost only $1.19. The restaurant chain continued to grow until some financial trouble arose in the ‘90s. In 2005, an Australian investment firm Pacific Equity Partners bought and ran the company until a United States group which named itself Sizzler USA took over the national operations.
What Does a Sizzler Franchise Cost?
Sizzler has a franchise fee of $35,000 for a 20-year renewable agreement. Additionally, 4% of all gross sales must be paid to Sizzler as an ongoing royalty fee. Franchisees are expected to have a net worth that exceeds $3 million, and at least $750,000 available in liquid assets.
Sizzler Franchise Business Opportunities: Other Information
Sizzler headquarters, now located in Mission Viejo, California, provides initial training as well as ongoing support. Marketing assistance is also furnished to contribute to each local restaurant’s success and help grown the brand further. Sizzler has gone international with locations in China, Japan, Australia, Indonesia, Thailand, Singapore, and Puerto Rico. However, all restaurants outside of the United States are owned by Pacific Equity Partners, not franchisees.
