Ed Ader, director of franchise development for the Detroit-based company, said potential shop owners need to prove that they have $100,000 to invest initially, and that they can qualify for a $250,000 mortgage for a small storefront.
In addition to new Bergen County franchises, Little Caesars plans to open more "hot and ready" pizza stores in Passaic County, Ader told Daily Voice.
Little Caesars has one store open in Paterson, and a lease signed for a new store in Passaic, Ader said. Other areas open to new franchisee development at this time include Hawthorne, Little Falls and West Milford, N.J.
Little Caesars prides itself on providing inexpensive pizzas, selling for as little as $5 to $7 in the tri--state area.
Overhead to the shop owner is kept down, Ader said, because Little Caesars offers strictly carryout food: pizza, chicken wings and other side orders. Some shops add drive-through windows when local laws allow them.
Without a sit-down area, or the need to hire delivery drivers, fewer employees have to be hired by the shop owner. Little Caesars' central office handles all worker training and marketing for the new franchisee as well as help selecting the location and devising a business plan.
Ader said Little Caesars is the fastest growing carryout pizza chain in the world based on the net number of stores added in 2008-2013.
The ideal franchisee is someone local who is interested in being a part of an established and well-known brand, Ader said.
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