Quality Restaurant Ventures grabs slice of Westshore Pizza

 
March 1, 2004

HEATHROW, Fla.--Quality Restaurant Ventures, Inc., franchisor of Sobik's Subs restaurants in Central Florida, has signed a letter of intent to acquire 19 percent of Head West Enterprises, LLC, franchisor of Westshore Pizza and Cheesesteaks.

According to a news release, Westshore Pizza currently has 42 units with 14 under development. Westshore also has signed area developers to open a minimum of 30 additional units over the next five years.

Westshore's current units are predominantly located in the greater Tampa Bay market, but its growth model is focused on statewide development. Currently there are two units operating in Orlando, but the company wants as many as 25.

"We are very excited to join the Quality Restaurant Ventures, Inc. family," Westshore CEO Paul Samson said in the release. "The economies we can offer each other through purchasing, marketing and combining of human resources will bring immediate positive impact for our current franchisees and area developers. ... Their affiliation with Ultimate Franchise Systems, Inc., a company with investments in over 400 franchise units, will help attract larger and more sophisticated developers for Westshore Pizza, as well as their other concepts."

Dan Patterson, president of QRVI said his company had been looking to invest in a company it could develop in its existing markets. "We believe Westshore is positioned to grow rapidly and will greatly enhance our position as a regional consolidator and developer of exciting brands."


Topics: Operations Management


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