Papa John's franchisee gets funding from GE Capital

GE Capital, Franchise Finance recently completed a $9.5 million transaction with BAJCO Group, a Papa John's Pizza franchisee, for the refinancing of existing debt. Funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc. Faisal Bajwa, CFO, BAJCO...

Sbarro amends Chapter 11 plan to reduce debt

Sbarro Inc. has filed an Amended Disclosure Statement and related Amended Plan of Reorganization with the U.S.

Sold: Yum! Brands finds buyers for Long John Silver's, A&W

Yum! Brands Inc. announced today that it has signed definitive agreements to sell Long John Silver's Inc.

Pizza Inn reports strong Q4 and fiscal year

Pizza Inn Inc. has announced its fourth quarter and fiscal year 2011 results, ended June 26. Net income increased to $407,000, or $0.05 per share, for the fourth quarter compared to net income of $49,000, or $0.01 per share, for the same quarter 2010. Revenues for Q4 increased 10 percent to $11.3 million compared to $10.3 million for Q4 2010.

Restaurant State of the Industry Report, Part 2 now available

The Restaurant State of the Industry Report, Part 2: Business Strategy, developed and published by FastCasual.com, is now available for purchase. The benchmark survey takes a comprehensive look at the current and future trends of restaurant operations, covering topics such...

Domino’s postpones refinancing in volatile market

Ann Arbor, Mich.-based Domino's Pizza Inc. announced it is postponing the proposed early refinancing of its existing securitized debt due to volatility in the financial markets.

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 Top 400 Restaurant Franchise Company Report," the...

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. Earnings per unit before income taxes increased 6.2 percent. Payout ratio...

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 reduce its debt by approximately 73 percent, or...

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 its franchisees access to a network of lenders through the posting...

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 firms sold to the Palo Alto, Calif., private equity firm that claimed...

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 strengthened from our first quarter results while continuing to roll over very...

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 100 in June. The RPI – a monthly composite index that tracks the health...

Cono Italiano secures $200,000 investment

The world may be one step closer to eating cone-shaped pizza. Cono Italiano Inc.

Sycamore Ventures buys Papa Bello Enterprises

A San Diego-based venture capital firm, Sycamore Ventures, has acquired ownership control of Papa Bello Enterprises Inc.

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 Association's Restaurant Performance Index (RPI). The index is a monthly composite that tracks the health and future outlook of the U.S.

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 approval to sell 204 units to Soul Restaurants Canada Inc....

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 also is the largest...

Sbarro ends bankruptcy process, seeks buyers

It looks like New York-based Sbarro Inc. won't be receiving Chapter 11 protection, after all.

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 characterized by its proprietary soup...

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