• Spain's Telepizza to open quick-serve chain

MADRID -- Spanish pizza delivery giant Telepizza, plans to open a chain of 120 quick-service pizza restaurants under the brand name of La Piazza. The company expects that 90 percent of the units will be franchised.

TelePizza is the industry leader in the Spanish pizza market, with more than 760 outlets in that country and seven others. The company posted sales in 2000 of approximately $290 million, and it employs some 9,500 people.

Projected average cost to open a La Piazza restaurant is 390,000 euros (about $438,000 U.S.), while first year sales are estimated at 721,000 euros (about $887,000 U.S.) per outlet. The first of the new restaurants opened in Avila in September, and four more will open before the end of 2001.

The company's aggressive growth plans were not well received by the Spanish stock market; the price of Telepizza shares dropped by 3 percent to upon the announcement.

TelePizza has struggled in recent years to meet its own aggressive growth goals. The company closed its TeleGrill and TeleOriental chains when neither proved profitable, and management ended its franchise buy-back policy earlier this year. It also has slowed its international expansion in Mexico, France and the UK to trim losses.

Related Content

User Comments – Give us your opinion!
Products & Services

MVR Reports

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

1252/MVR-Reports

Free Menu Board Media Player Promotion

http://global.networldalliance.com/new/images/products/6675.png

6675/Free-Menu-Board-Media-Player-Promotion

Luzianne iced tea

http://global.networldalliance.com/new/images/products/6957.png

6957/Luzianne-iced-tea

Sourcing

http://global.networldalliance.com/new/images/products/6407.png

6407/Sourcing

Online Ordering

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

5931/Online-Ordering

Granbury Websites

http://global.networldalliance.com/new/images/products/6815.png

6815/Granbury-Websites

DriverSafe

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

1424/DriverSafe

POS health test: do a quick check

http://global.networldalliance.com/new/images/products/1288.png

1288/POS-health-test-do-a-quick-check

ExpressNet

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

1428/ExpressNet

Self Serve iPad Ordering

http://global.networldalliance.com/new/images/products/5605.png

5605/Self-Serve-iPad-Ordering

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