Domino’s is a major chain of Pizza outlets around the world. Recently, it was rated the "Best Franchise Opportunity" by Entrepreneur magazine. Domino’s Pizza franchise fall into two categories: external and internal. External franchise may bring other management experience to the table as well. The initial investment required to set up a Domino’s franchise is around $1.4 million. For both types of franchisees, the franchise fee is in between $20,000 to $25,000. This franchise fee includes royalty payments, advertising fees and other expenses as per franchise agreement.