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Sbarro plans bankuptcy exit strategy
Sbarro Inc. entered bankruptcy this year but has proposed a restructuring plan that would give ownership of the company to senior lenders. Under the terms of the proposed plan, Sbarro expects to … -
Pizza Pizza announces Q2 results
Pizza Pizza Royalty Income Fund and Pizza Pizza Limited today announced results for the second quarter ended June 30, 2011. Second Quarter Highlights include: Same-store sales increased 3 percent … -
Technomic: Chains continue to grow through franchising
As the economy keeps moving at a slow pace, restaurant brands continue to tap into franchising as an avenue for growth. According to a new report by Technomic and Restaurant Finance Monitor, "2011 … -
Uno picks Boefly for franchise funding assistance
BoeFly, an online marketplace connecting lenders with business borrowers, has been selected by Uno Brands to assist its franchisees in obtaining bank financing. Through BoeFly, Uno Brands can offer …1 comment -
MaMa Rosa's under new ownership
Refrigerated pizza-maker MaMa Rosa's Pizza is now solely under the ownership of Huntsman Gay Global Capital. According to the Kansas City Business Journal, several Kansas City-area private equity … -
Pizza Hut’s biggest franchisee reports Q2 earnings
NPC International Inc., the world's largest Pizza Hut franchisee, today reported results of its second fiscal quarter ending June 28. "During the second quarter our comparable store sales … -
NRA’s restaurant industry outlook strengthened in June
Driven by stronger same-store sales and traffic levels and a more optimistic outlook among restaurant operators, the National Restaurant Association's Restaurant Performance Index (RPI) rose above … -
Cono Italiano secures $200,000 investment
The world may be one step closer to eating cone-shaped pizza. Cono Italiano Inc. the exclusive license holder for the North American Distribution and Manufacturing rights for "pizza cono," a drip … -
New concept matches franchisees to lenders
Boefly has attracted many big-name chains as they seek various funding options for growth.1 comment- Alicia Kelso -
Sycamore Ventures buys Papa Bello Enterprises
A San Diego-based venture capital firm, Sycamore Ventures, has acquired ownership control of Papa Bello Enterprises Inc. Under the terms of the acquisition, Papa Bello Enterprises has become a … -
NRA: Restaurant industry optimism, sales take a hit in May
As a result of softer same-store sales and traffic levels and fading optimism among restaurant operators, the outlook for the restaurant industry softened in May, according to the National Restaurant … -
Commentary: Know when to sell your restaurant
Plan an 8-to-10-month timeline for a sale and make improvements accordingly.1 comment -
Yum! franchisee in Canada sells majority of units
After grappling with financial issues for months, major Yum! Brands Canadian franchisee Priszm Income Fund has closed 30 of its locations in Ontario and British Columbia, and has received court … -
New Pizza Inn unit sets sales record
Pizza Inn Inc.'s new Rocky Mount, N.C., location set a record for the biggest opening in company history with a sales increase of more than 60 percent in the first two weeks. The Rocky Mount unit … -
Sbarro ends bankruptcy process, seeks buyers
It looks like New York-based Sbarro Inc. won't be receiving Chapter 11 protection, after all. The company announced that it has consensually terminated its prepetition plan support agreement and … -
Yum! sets $586MM offer for China’s Little Sheep
Yum! Brands' footprint in China is about to get even bigger. The company announced today that it has offered to buy China's Little Sheep for $586 million, which would cover Hot Pot Cuisine, a chain …- Alicia Kelso -
Chuck E. Cheese’s parent company’s profits up
CEC Entertainment Inc., parent company of Chuck E. Cheese's, announced financial results for the first quarter ended April 3. Total revenues for the quarter were up 4.1 percent to $256.4 million from … -
California Pizza Kitchen Q1 revenue down slightly
California Pizza Kitchen Inc. reported financial results for the first quarter ending April 3, including a 0.5 percent decrease in revenues from the same quarter last year. Total revenues for Q1 '11 … -
Domino’s first quarter revenue up
Domino's Pizza Inc. experienced a 1.4 percent decline in U.S. sales during the first quarter 2011 ended March 27. This is compared to an exceptionally strong Q1 '10 following the company's recipe … -
Papa John’s turns in strong first quarter
Louisville, Ky.-based Papa John's International Inc. announced its first quarter results that included a systemwide sales increase of 6.1 percent for North America units, and a 5.6 percent boost for …
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