News

Domino's franchisee gets $2M investment

August 23, 2011

Pizza Project, a Domino's Pizza franchisee, recently received $2.15 million from GE Capital, Franchise Finance. The facility included a $1.45 million term loan for the acquisition of existing Domino's units as well as a $700,000 development line of credit for the development of additional stores throughout the San Francisco area.

"We are already a GE Capital customer, under another restaurant brand," said Jim Taggart, principal, Pizza Project LLC. "After our success with that brand, we were looking to diversify our portfolio. The Brand Management team at GE Capital introduced us to the Domino's family, and we could not be happier."

The current funds will help launch Pizza Project's plan to become a 40-plus unit franchisee

"GE Capital's Brand Management team has relationships with a good cross-section of franchise brands. These relationships give us insight into each brand's development plans and strategy," said Dave Stansbery, vice president, GE Capital, Franchise Finance. "Our access to brands and to capital made us a perfect match for Pizza Project."

Read more about Franchising.