Pizza Inn Cuts Royalties That Franchisees Pay
Pizza Inn Inc. is offering to charge new and existing franchisees lower royalty rates to entice more to open the company’s buffet-style restaurants amid a credit crunch.
The Dallas-based chain said Wednesday it will charge franchisees a zero percent royalty for their first year of operation and 2 percent the second year. The royalty rate for the rest of the franchise agreement will be at Pizza Inn’s standard 4 percent.
The company said the program is designed to “ease startup costs” during the first two years of a restaurant’s operation.
Pizza Inn also said the rate cut is meant to encourage franchisees hesitant to delve into a new agreement given the tight market for credit to buy or open a new location.
Related posts:
- Marcos Pizza Launches Innovative Franchise Financing Solutions Pizza Marketing Quarterly: According to a press release, To...
- Pizza Chain Donatos Looks At Richmond Area Richmond Times Dispatch: Columbus, Ohio-based Donatos is counting on...
- Pizza Fusion Opens First International Franchise In Saudi Arabia Earthtimes: Pizza Fusion announced the opening of its first...
Related posts brought to you by Yet Another Related Posts Plugin.
