Papa John's buying bankrupt franchises

Papa John's will pay a total of $5.25 million to buy Colorado and Minnesota franchises currently owned by Baltimore-based PJCOMN Acquisition Corp., which is operating under bankruptcy protection. According to the Denver Business Journal, the franchisee filed for Chapter 11...

Franchise lending on a steady upswing

Franchise lending has steadily increased throughout the past 12 months, according to the new monthly Franchise Lending Index from the International Franchise Association (IFA) and BoeFly, an online marketplace connecting small business borrowers with lenders. According to the data, throughout...

China leads global foodservice market recovery

Despite a continuously unpredictable global economy, there was a slight recovery for the global foodservice markets in the fourth quarter of 2011, according to market research company The NPD Group. Nearly all countries reported modest growth in foodservice consumer spending...

America's Incredible Pizza Company reports positive sales

America's Incredible Pizza Company, a family entertainment center with nine locations nationwide and two in Mexico, has released several positive figures this week for its Tulsa, Okla., and San Antonio stores. Tulsa The Oklahoma unit reported a 9 percent increase...

Restaurant operators continue to report positive sales, optimism

Bolstered by positive same-store sales and traffic results and an optimistic outlook among restaurant operators, the National Restaurant Association's Restaurant Performance Index (RPI) remained above 100 for the fourth consecutive month in February. The RPI – a monthly composite index...

Papa Bello Enterprises secures $20M in financing

Papa Bello Enterprises, parent company of Papa Bello Pizza, Kebab Café, Royal India Express and Pastore's Italian Bistro, has received $20,000,000 in financing from AGS Capital Group LLC. The money will be used for reserve equity financing. "REF is an...

Report: Expectations rise for restaurant industry

The American restaurant industry is starting to benefit from a rise in consumer spending and foot traffic, albeit from a diminished base, according to the 22nd edition of the Chain Restaurant Industry Review, released at this week's Restaurant Leadership Conference...

CiCi's Pizza allocates $5 million for franchise funding

CiCi's Pizza has announced its new investment and financing programs to help existing and prospective franchisees with funding options to further address the challenges of today's lending environment. The new programs are part of the CiCi's "Build the Brand" initiative...

Restaurant operators report positive sales for 8th consecutive month

The outlook for the restaurant industry is positive for the coming months, as the National Restaurant Association's Restaurant Performance Index (RPI) remained well above 100 in January. The RPI – a monthly composite index that tracks the health of and...

CiCi's Pizza launches program to grow veteran franchisee base

CiCi's Pizza has announced the launch of the CiCi's Patriot Program to offer veterans a path to business ownership. As part of the program, the company will waive its franchise fee for the first restaurant, as well as 50-percent royalty fee reduction for the first full year in operation for all qualified, honorably discharged U.S. veterans.

Private equity firm buys stake in Anthony's Coal Fired Pizza

GE Capital, Franchise Finance has provided a $25 million credit facility to an affiliate of private equity firm The Quilvest Group to purchase a stake in Anthony's Coal Fired Pizza Inc. The financing includes a $17 million term loan and...

Domino's UK profits lifted by online sales

Domino's UK's 2011 pretax profits jumped nearly 15 percent, to 43.6 million pounds ($68.3 million), buoyed by a strong online and mobile ordering presence. The company, which includes British and Irish franchises, experienced a 43 percent increase in online sales,...

Papa Murphy's sales up 10 percent in 2011

Papa Murphy's International has announced its total U.S. systemwide sales grew to $702 million in 2011, up more than 10 percent from 2010.

Sbarro names new president and CEO in turnaround bid

The Board of Directors of Melville, N.Y.-based Sbarro Inc. has announced that James Greco, 54, has been named president and chief executive officer, effective immediately. Greco joins Sbarro from Bruegger's Enterprises, where he also served as CEO and led the bagel-bakery chain through strong performances and growth.

Restaurant performance at highest level in six years

Fueled by solid same-store sales and traffic results and a bullish outlook among restaurant operators, the National Restaurant Association's Restaurant Performance Index (RPI) rose sharply in December. The RPI – a monthly composite index that tracks the health of and...

Pizza Inn appoints new CFO

Texas-based Pizza Inn Holdings Inc. has named Jerome L.

Boston Pizza adds seven new restaurants to royalty fund

Vancouver, British Columbia-based Boston Pizza International Inc. has adjusted its Royalties Income Fund to include the royalties from seven new restaurants which opened across Canada in 2011. All of the restaurants are full service. Also during that time period, from Jan.

Olympus completes purchase of Pizza Hut franchisee NPC

Stamford, Conn.-based Olympus Partners has acquired NPC International Inc., the largest Pizza Hut franchisee and the largest franchisee of any restaurant concept in the United States. The company operates 1,153 Pizza Hut units (approximately 19 percent of the domestic system)...

Restaurant industry performance at five-month high

Driven by positive same-store sales and an increasingly optimistic outlook among restaurant operators, the National Restaurant Association's Restaurant Performance Index (RPI) rose to its highest level in five months. The RPI stood at 100.6 in November, up 0.6 percent from...

Pizza Hut franchisee closes sale of parent company

NPC International Inc., the largest Pizza Hut franchisee in the country, has announced the closing of the acquisition by NPC International Holdings Inc., a Delaware corporation, of all the outstanding membership interests of NPC Acquisition Holdings LLC. NPC Acquisition Holdings...

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