Leveland Avenue Becomes Strategic Partner, Majority Investor In PizzaRev Restaurant Chain
May 23, 2017 // Franchising.com // CHICAGO - Cleveland Avenue, LLC, a Chicago-based accelerator that strategically invests in innovative, consumer-focused restaurant, food and beverage concepts, announced a strategic partnership and majority investment in the PizzaRev restaurant chain, based in Los Angeles. The chain offers customers a “Craft Your Own” pizza fast-casual dining experience in dozens of locations across the U.S., with 200 currently in development.
“This is more than an investment, this is a partnership,” said Don Thompson, founder and CEO of Cleveland Avenue. “Our mission is to provide collaborative expertise and educational, practical and financial resources to our network of entrepreneurs and industry partners. We’re delighted to join forces with PizzaRev and begin working together toward achieving long-term sustained success.”
PizzaRev’s co-founder and co-CEO, Nicholas Eckerman, said that the company shares a common vision with Cleveland Avenue to take PizzaRev to the next level, while keeping customers top of mind.
“Our focus is always on our customers and giving them delicious, unexpected and quality choices in this pizza revolution we’ve created,” said Eckerman. “Cleveland Avenue’s team has the industry expertise, versatile resources and strategic vision we need at this crucial juncture in PizzaRev’s growth.”
“We’re attracted to PizzaRev because of its potential for scale and growth,” said Thompson.
About Cleveland Avenue, LLC
Cleveland Avenue, LLC is a privately-held accelerator which identifies and supports innovative restaurants, food and beverage startups by providing collaborative expertise, educational tools, and financial resources. Visit us at www.clevelandave.com and @CleveAveLLC on Twitter and Instagram.
PizzaRev is fast-casual restaurant concept that has reinvented pizza. Guests are empowered to fully customize a personal-sized 11" pizza for one price. Homemade dough options, flavorful sauces, all-natural cheeses, and more than 30+ artisanal toppings, everything is on display at PizzaRev and assembled right before your eyes. The pizzas are then fired in a 900-degree, stone-bed oven which produces a crispy Roman-style pizza in just three minutes. Los Angeles-based PizzaRev was founded in 2012; the executive team possesses a combination of Fortune 500 operating experience and high-profile restaurant management.
PizzaRev continues to build corporate and franchise stores and has more than 200 locations under development across Mexico and 14 states: CA, CO, FL, GA, LA, NE, ND, NV, NY, OH, SD, TN, TX and UT.
Visit www.PizzaRev.com for the latest company news and location information. You can also find PizzaRev on Facebook, Twitter, Google+, Instagram, and Snapchat.
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