Getlowfees.com

  • Boston Pizza sells fund units, seeks $48 million for expansion

VANCOUVER, British Columbia -- Boston Pizza International Inc., operator of 154 franchised Canadian restaurants, announced in a regulatory filing that it will sell units in a fund to raise as much as CAN $75 million (U.S. $48.7 million) for expansion across Canada.

According to Bloomberg News, Boston Pizza Royalties Income Fund will acquire Boston Pizza's trademarks in Canada and license them back to the company for 4 percent of the franchise revenue. Each fund unit will sell for $10.

Boston Pizza's fund-raising move follows a similar initiative launched recently by Canada-based Prime Restaurant Group Inc., which operates Casey's and East Side Mario's outlets.

Related Content

User Comments – Give us your opinion!
Products & Services

Mobile Ordering

http://global.networldalliance.com/new/images/products/5933.png

5933/Mobile-Ordering

Distribution RFP’s & RFQ’s

http://global.networldalliance.com/new/images/products/6411.png

6411/Distribution-RFP-s-RFQ-s

Food Cost Management

http://global.networldalliance.com/new/images/products/6401.png

6401/Food-Cost-Management

Javarama coffee

http://global.networldalliance.com/new/images/products/6961.png

6961/Javarama-coffee

PCI Compliance Services

http://global.networldalliance.com/new/images/products/4892.png

4892/PCI-Compliance-Services

Online Ordering

http://global.networldalliance.com/new/images/products/5931.png

5931/Online-Ordering

Restaurant Sales Builder

http://global.networldalliance.com/new/images/products/4286.png

4286/Restaurant-Sales-Builder

See the latest in restaurant POS

http://global.networldalliance.com/new/images/products/1926.png

1926/See-the-latest-in-restaurant-POS

Standard coffee

http://global.networldalliance.com/new/images/products/6963.png

6963/Standard-coffee

ExpressNet

http://global.networldalliance.com/new/images/products/ExpressNet_iix.gif

1428/ExpressNet

Digital Menu Boards and ROI
Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.