TOLEDO, OHIO â€“ (September 2010) â€“ Pizza Franchise, Marcoâ€™s Pizza, with more than 220 locations in 17 states, continues its run as the nationâ€™s fastest-growing pizza company, announcing that it has secured agreements so far this year for 246 new locations, with plans to finalize additional development deals in the Fourth Quarter.
â€œWeâ€™re now passing last yearâ€™s records in terms of new stores opened and new stores sold into development at this point in the calendar, so while the economy has not been doing favors for the country, things are healthy in the Marcoâ€™s Pizza world,â€œ said Jack Butorac, Marcoâ€™s Chief Executive Officer. â€œWe attribute the growth to a number of factors, one of which is creating new funding sources that have helped new franchise partners secure necessary capital to join our system.â€
Butorac was referring to recent news that Marcoâ€™s Pizza was approved to receive up to $7.5 million in funding from Main Street Bank that allows franchisees who own at least one Marcoâ€™s Pizza, or one unit of another franchise brand, with access to funds for opening new Marcoâ€™s locations. This fund complements three additional Marcoâ€™s Pizza financing programs created during the recession: a leasing program that will finance up to $200,000 in opening costs; a $5 million private equity fund for new stores in which Marcoâ€™s invests up to $100,000 per restaurant; and the formation of a subsidiary called Marcoâ€™s Assurance that provides a limited guarantee of bank loans to franchisees and pays to relocate certain stores.
Marcoâ€™s Pizza, with more than 220 stores in 17 states and in the Bahamas, already is on the fast track for growth with 1,100 stores in development and approximately 50 new locations set to open in 2010 alone. Founded in 1978 by Pasquale â€œPatâ€ Giammarco, an Italian immigrant, Marcoâ€™s Pizza offers carryout, delivery, dine-in and online ordering services. The menu features the companyâ€™s Ah! thentic Italian pizza, Cheezybread, chicken wings, fresh-baked subs, meatballs, salads, soft drinks and more.
About Marcoâ€™s Franchising, LLC (www.marcos.com)
Headquartered in Toledo, Ohio, Marcoâ€™s Pizza (Marcoâ€™s Franchising, LLC) is the fastest-growing pizza company in the U.S. (based on the number of stores signed into development since 2007). Marcoâ€™s was founded in 1978 by Pasquale (â€œPatâ€) Giammarco and is committed to making Ah! thentic Italian pizza with fresh ingredients. The company has grown from its roots as a beloved Ohio brand to operate more than 220 stores in 17 states and the Bahamas.
If you would like more information about owning a pizza franchise, go to http://www.franchiseworks.com.
FranchiseWorks.com was established in 1999 with the goal of providing qualified prospective entrepreneurs with the right franchise or business opportunity that meets his or her needs. We showcase hundreds of franchise and business opportunities in a variety of industries including new start-ups to established companies. www.FranchiseWorks.com also has information on franchise financing sources, business opportunity and franchise trade show schedules along with the latest franchise news. For additional franchise information visit http://www.franchiseworks.com or the franchise blog – http://franchiseworks.blogspot.com.