For the three months that ended in late September, system sales in the 758 restaurants in the Pizza Pizza Royalty Corp. royalty pool was $138.5-million(Cdn), a drop of 0.4 percent from $139-million(Cdn) in the comparable quarter a year earlier when there were 751 restaurants in the pool. Same unit sales were also down by 0.8 percent compared to the third quarter a year ago. During the third quarter, the average customer check increased while the customer traffic count decreased. The average customer check initially increased in the first quarter as a result of increasing retail prices to partially offset provincial minimum wage increases. Management is closely monitoring consumer reaction to retail pricing strategies. "In the third quarter, additional value offerings and our new Cauliflower crust pizzas gave the brands stronger sales momentum when compared to the second quarter,” said Paul Goddard, CEO, Pizza Pizza Ltd. “We look to build on this positive momentum in the fourth quarter, which historically, has been our strongest sales quarter." During the third quarter, Pizza Pizza Ltd. opened its first traditional Pizza Pizza restaurant at 527 Sixth St. in New Westminster in the Vancouver area marking the start of the franchise’s planned expansion across the greater Vancouver area. Two additional restaurants are scheduled to open later in the year. During the quarter, Pizza Pizza opened four non-traditional locations, in addition to opening one Pizza 73 traditional restaurant. Two traditional and seven non-traditional Pizza Pizza restaurants were closed during the quarter. After the close of the third quarter, On October 30th, Pizza Pizza entered the Prince Edward Island market with its first location. The freestanding unit is at 364 University Ave. in Charlottetown. And before the end of the year, Pizza Pizza locations are scheduled to open in Montreal, Union Station in Toronto, Brampton and Jackson’s Point. Pizza is also in the midst of a renovation program with approximately 100 locations per year targeted for the new fresh look. Pizza Pizza is known for its ‘hot and fresh’ pizza, made with quality ingredients, and an assortment of options along with a variety of appetizers and sides such as Canadian-farm raised chicken bites and wings raised without antibiotics, freshly-prepared salads, etc. The franchise offers dine-in, pick-up, or delivery services. The Pizza Pizza locations are generally in a 1400 to 1600 square foot range with about 20 feet of frontage. Highly visible urban street corners and plaza end cap sites are preferred for the 16 to 20 seat restaurants. Patios are welcomed. Jeff Weinman, Pizza Pizza’s Director of Real Estate added that Connor O’Keeffe at Jones Lang LaSalle in Vancouver is handling site selection in British Columbia and Kevin Fortier and Martine Theriault at Lexia Real Estate are responsible for the real estate activities in Quebec.
CATEGORY: Quick Service Restaurant
Chain Name: Pizza Pizza
Company Name: Pizza Pizza Ltd.
Mailing Address: 500 Kipling Ave., Toronto, Ontario M8Z 5E5
Tel: 416/967-1010 & 800/265-9762 Fax:
Email: firstname.lastname@example.org Website: www.pizzapizza.ca
Menu Specialty: Pizza
Introduced: Opened at Wellesley and Parliament streets in Toronto in late 1967
No. of Locations: Over 750 locations in Canada including about 100 trading under the Pizza 73 banner.
Areas of Operation: Canada
Types of Location: Urban streets, Plazas, etc.
Business Type (corp., franchise, jv): Franchise
Size Req’d: Pizza Pizza - 1400 to 1600 sq.ft., Pizza 73 – 1000 to 1200 sq,ft.
Special Requirements:: Minimum 20 ft frontage, Visibility, Traffic, Convenient access. End caps, Corners.
Contact Name: Paul Goddard – President, CEO
Curtis Feltner – CFO, Sen. Vice President, Finance
Alyssa Huggins – Vice President, Marketing
Sebastian Fuschini – Sen. Vice President, Franchising
Paul Methot – Sen. Vice President, Operations
Jeff Weinman – Director, Real Estate
REAL ESTATE REPRESENTATIVES: (British Columbia) Jones Lang LaSalle, 355 Burrard St., 14th Floor, Vancouver, British Columbia V6C 2G6 (Connor O’Keeffe – 604/628-4339 email@example.com)
(Quebec) Lexia Real Estate, 2085-C, Marie-Victorin, Varennes, Quebec J3X 1R3 (Kevin Fortier – 514/603-9155 firstname.lastname@example.org) & (Martine Theriault – 514/713-9764 email@example.com)
PARENT COMPANY: Pizza Pizza Royalty Corp., Toronto, Ontario
Related Chains: Pizza 73
Last Report: Developers & Chains #1804