Marco's forms lending affiliate

Marco's forms lending affiliate
Tags: Financial Management, Independent Operation, Operations Management
May 13, 2007

TOLEDO, Ohio — Marco's Franchising LLC, the franchising arm of Marco's Pizza, has announced the formation of MFS Leasing LLC to assist in the financing of new franchise stores.

Huntington National Bank of Toledo has provided MFS Leasing with an initial line of credit of $3 million for the new entity.

Marco's has announced a goal of 500 units by 2010 and to be in 10 states by the end of 2007. There are currently 155 stores in eight states, primarily in the Midwest.

Marco's Franchising president Jack Butorac acquired the franchise rights in 2004 to Marco's from its founder, Pasquale "Pat" Giammarco.