Operations
1000 Degrees Pizza under new ownership
September 20, 2022
Pizza brand 1000 Degrees has been purchased by commercial and restaurant real estate expert Amandeep Judge. The brand received an undisclosed investment as well, according to a press release.
"There's no doubt in my mind, 1000 Degrees is a winning model with a recipe equipped for broad-scale growth," Judge said in the press release. "Our vision for the future is promising, and this investment allows us to transform the brand and enter a new phase of franchise expansion. 1000 Degrees has an incredible amount of untapped potential. I'm confident it will translate to tangible performance results and growth in key markets."
Momentum behind the brand's expansion comes from the opening of three locations in Texas during the past two years. In addition, the company is focused on opening numerous locations that are currently in various stages of development and are set to open in 2023 and beyond. Likewise, store performance in 2022 has shown consistent month-over-month revenue growth, with many locations returning back to pre-pandemic levels.
"Now armed with fresh capital, we're looking forward to introducing a new era of 1000 Degrees Pizza, offering our customers menu updates and new products, and an enhanced experience overall," Matt Merrill, director of franchise operations, said in the release. "What lies ahead makes us even more powerful, and we're eager to continue our strong momentum as we look to continue making a name for ourselves in the thriving pizza space."
1000 Degrees Pizza operates 21 locations across the country.
