2016-11-12 / Local

Little Caesars eyeing Claremont store

By CAMERON PAQUETTE

The front counter at a Little Caesar's pizza restaurant. The third largest pizza chain in the country is eyeing an expansion in New Hampshire, with a future location in Claremont among its goals for the region. — COURTESY OF LITTLE CAESAR'S The front counter at a Little Caesar's pizza restaurant. The third largest pizza chain in the country is eyeing an expansion in New Hampshire, with a future location in Claremont among its goals for the region. — COURTESY OF LITTLE CAESAR'S CLAREMONT — A national takeout pizza chain is eyeing Claremont as part of its strategic growth initiative in the region.


Little Caesars pizza is currently looking for local entrepreneurs or business owners that would be willing to sign on as a franchisee for the company. The company is interested in opening a restaurant somewhere along Washington Street, according to Ed Ader, director of franchise development.


“For more than a decade now we’ve consistently met our objectives as a company,” he said in a phone interview. “Claremont is a town that meets our demographic. Families drive our business.”


Last year, franchisees opened 175 new stores, and the company has been opening roughly 200 stores per year since 2008, Ader said. He said that area residents are seeing the company’s national advertisements on television, but don’t have an immediately available franchise.


“I think there are opportunities in the area,” he said, adding that Keene has also been targeted in the regional push.


Little Caesars currently has six stores in New Hampshire. The closest store is located in West Lebanon, with two located in Manchester and one each in Rochester, Nashua and Dover. The company operates franchises domestically and internationally, and is currently ranked as the third largest pizza chain in the country behind Domino’s Pizza and Pizza Hut, according to PMQ Pizza Magazine.


To qualify for consideration, prospective franchisees should have a minimum of $100,000 in liquid assets, a net worth of $250,000 or greater and have the ability to obtain financing to cover the cost of opening a location, according to criteria listed on the Little Caesar's website.


Costs differ based on a variety of factors. The estimated investment for a Little Caesars carryout location ranges from $314,000 to $1,335,500. Stores in the higher end of the range are typically free-standing buildings, not strip center locations, all according to the website.


In addition to traditional restaurants, the company has available business plans and site layouts ranging from 415 to 800 square feet that could be located within a gas station or convenience store.


According to the company website, New Hampshire franchisees are also sought in Londonderry, Concord, Franklin, Fremont, Manchester, Manchester South, Nashua, Nashua North, North Conway, Rockingham and Seabrook.



Ader said that from the time an application is approved to a store opening can take as little as five months. For more information, contact the company via its website at www.littlecaesars.com or contact Bob Wenson at (313) 471-6260.

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