Pizza Inn announced plans to expand the company after signing 13 new deals through its development incentive program. In addition, Pizza Inn Inc. has one corporate-owned location under construction in the city of Fort Worth, Texas, and has signed letters of intent for two additional locations in the Dallas-Fort Worth metroplex.
Offered to both new and existing franchisees, the incentive program was designed to maximize potential for domestic growth and offer flexible alternatives for franchisees who may be discouraged by the current credit crisis. The benefits include 0 percent royalty for the first full year of operation and 2 percent royalty for the second full year, easing start-up costs during the first two years of a new restaurant’s operation.
"The current economic environment presents an excellent growth opportunity for us, as families continue to seek more economical dining options,” says Charlie Morrison, CEO of Pizza Inn. “We look forward to expanding our brand throughout these areas and serving up taste, quality, and value with our family-oriented atmosphere.”
Existing Pizza Inn franchisees have signed on to develop additional locations. Two current franchisees have signed agreements to open five locations in the greater Spartanburg, South Carolina area, while other existing franchisees will open locations in southern North Carolina; Knoxville, Tennessee; Ardmore, Oklahoma; and Pontotoc, Mississippi.
Three new franchise groups with experience from Subway, Hardee’s, and Sonic have signed on to develop locations in Abilene and Fort Worth, Texas, and Jesup, Georgia.