Ohio-based Marco's pizza has plans to blanket Central Indiana with 60 additional stores, according to the Indy Star. The chain, which plans to add 900 locations throughout the next several years, already has five stores in the Indianapolis area. It is looking for potential franchisees in the area, with a $170,000 to $350,000 investment.
Marco’s has gained a lot of momentum via its innovative internal lending policies that have allowed it to expand while other chains’ franchisees flounder for lack of loans. The company most recently secured an extra $9 million from Bancorp Bank, marking the fifth alternative financing option that Marco's has announced during the past 18 months to continue bringing new franchise owners into its fast-growing system.
Last month, CEO Jack Butorac told PizzaMarketplace.com that the company is also looking at making $10 million of the company’s own money available for further expansion. Butorac said he wants the company to be the fourth-largest pizza chain, and innovative financing programs are one way to do it.