While college students in Wichita, Kansas, Frank and Dan Carney were approached by a family friend with the idea of opening a pizza parlor. Inspired, the brothers borrowed $600 from their mother, purchased secondhand equipment, and rented a small building on a busy intersection in their hometown. With that, the first Pizza Hut opened its doors in 1958. More than 40 years later, Pizza Hut has locations throughout the world serving its specialty pizzas. Pizza Hut is owned by Yum! Brands, parent company of Taco Bell, KFC and formerly Long John Silver's and A&W Restaurants.The total investment necessary to begin operation ranges from $40,600 to $168,230 for a Pizza Hut Mini Kitchen; $109,700 to $179,230 for a Pizza Hut Kiosk; $99,200 to $199,230 for a Pizza Hut Retail Counter; $109,700 to $420,900 for a Pizza Hut Retail Counter with Seating; $241,550 to $472,000 for a Pizza Hut Full Kitchen with Seating (in each case, not including real property or signage), including $6,000 to $17,000 that must be paid to the franchisor or their affiliates. #28 in Canada's Top franchises.#78 on Franchise Rankings.com#10 in Franchise 500 for 2020.#59 in Franchise 500 for 2021.