Multi-QSR franchise company acquires Round Table Pizza
Multi-QSR brand franchisor and brand management company, Global Franchise Group, has acquired Round Table Pizza, and its affiliates, Round Table Clubhouse and Round Table Pizza Wings Brew.
GFG is the parent for Great American Cookies, Hot Dog on a Stick, Pretzelmaker, and Marble Slab Creamery/MaggieMoo's Ice Cream & Treatery, according to a news release.
The addition of the pizza franchise increases GFG's system-wide sales to close to $1 billion, while expanding the brand-building company's overall footprint to more than 1,500 stores worldwide. Round Table has 440 U.S. locations in seven states and 10 international locations. GFG acquired the brand this Friday.
"Global Franchise Group has successfully grown both organically and via acquisition," GFG President and CEO Chris M. Dull said in the release. "We know how to champion brands and operate and support profitable concepts to take them to the next level.
"Round Table Pizza is an iconic pizza brand with a loyal consumer base, a strong franchise community and superior products — consistent with everything Global Franchise Group stands for. We have high expectations for Round Table’s integration into GFG as it’s a 'center of the plate' concept, has over $1 million in AUVs for its traditional dine-in concept, and has potential to integrate into our manufacturing facility in Atlanta."
By acquiring Round Table Pizza, GFG increases its West Coast presence and boosts its corporate store vertical, adding 70 new stores for a total of 140 locations. GFG plans to invest in menu and technology innovations, building out franchisee support, developing people and remodeling restaurants.
With GFG's proven track record of acquiring and building brands, Round Table Pizza will benefit from the organization's franchising expertise and GFG will utilize its category leading brand synergies to drive sales, grow the Round Table business and add to the success of the GFG portfolio.
"Round Table Pizza has become a standard in the industry and Global Franchise Group’s acquisition of our famous and respected brand provides market validation of a tremendous accomplishment by our employees, franchisees and everyone involved in the success of Round Table Pizza," Round Table Pizza President and CEO Rob McCourt said in the release.
Round Table Pizza Board Chairman Jack Robertson said the brand is booming and the deal rewards the employee owners for their hard work.
"Round Table employee owners have seen a dramatic increase in their equity over the last six years and this deal allows them to reap the rewards of their hard work and dedication to making Round Table pizza what it is today and getting the brand to this moment."
Companies: Round Table Franchise Corp.