September 28, 2010 (Rancho Santa Margarita, CA) –John’s Incredible Pizza Company, known for its family focused restaurant and entertainment facilities located throughout California, formally announces its partnership agreement with H. Katz Capital Group, a venture capital firm formed by Philadelphia entrepreneur Harold Katz. The partnership will expand John’s from 10 locations to 20 or more over the next three to four years.
A typical John’s Incredible Pizza Company location occupies on average 50,000 square feet per store and will seat nearly 1000 guests. “For 13 years, John’s has been dedicated to creating an “incredible” experience for guests by providing multiple themed dining rooms; an all-you-can-eat pizza, pasta, soup, salad and dessert buffet; as well as rides, attractions, video and ticket-dispensing games geared at pleasing visitors of all ages. “ said Vice President of Operations, Lori Stowe. “Opening each new location allows the company to hire approximately 180 new employees for a facility that will serve over 4,000 guests on a busy Saturday. We are pleased to partner with Mr. Katz to grow our business and bring the John’s experience to new communities.”
“Our biggest challenge was finding a partner we believed could help us impact the marketplace as we expand and we’ve found that in Harold Katz and the H. Katz Capital Group” said John’s founder, John Parlet, “Katz’s enterprising talent is undeniably evident in his history as Founder of NutriSystem, along with numerous other companies, and as former owner of the Philadelphia 76ers. This partnership represents a fantastic growth opportunity for our company and a lucrative investment for the Katz Group. We look forward to becoming a part of Mr. Katz’s impressive and growing roster of successes.” The first store of this partnership will open in Beaverton, Oregon in early 2011 making it John’s 11th location with a 12th location due to open operations in Moorestown, New Jersey in August. Additional new locations will be announced as they are confirmed in the coming weeks.
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Editor’s Note:
John’s Incredible Pizza Company is a privately held company founded in 1997 by John Parlet with ten locations in California, an 11th location opening in Spring 2011 in the Portland, Oregon area, and additional locations in development throughout the United States. The JIPC Management Support Center is based in Rancho Santa Margarita, California. Interviews can be scheduled by contacting Pamela Hurley, (949) 916-2000 x119 or phurley@johnspizza.com.For further information about John’s Incredible Pizza Company please visit http://www.johnspizza.com.For further information about the H. Katz Capital Group, please, visit http://www.katzgroup.com
