PizzaRev Introduces Royalty Incentive Program for Prospective Franchisees
Royalties Start at Just 1% for Partners Who Join in 2018
August 13, 2018 // Franchising.com // WESTLAKE VILLAGE, Calif. - PizzaRev, the iconic Southern California fast casual concept that has built legions of loyal fans nationwide as the quality leader among build-your-own pizza brands, today announced its 2018 development royalty incentive program for prospective franchisees.
The "1-3-5 Royalty Incentive" program is available for a limited time offering an unmatched opportunity to entrepreneurially driven individuals seeking investment opportunities in the strongest restaurant category, fast casual. The category has seen double digit growth year-over-year.
Qualified candidates will benefit from the tiered royalty structure as follows:
- For the first 12-month period following the effective date of the franchise agreement, PizzaRev will collect only 1 percent of the revenues generated by the PizzaRev restaurant
- For the second 12-month period following the effective date of the franchise agreement, PizzaRev will collect just 3 percent of the revenues generated by the PizzaRev restaurant.
- Finally, for the third through tenth 12-month period following the effective date of the franchise agreement, PizzaRev will collect 5 percent of the revenue generated by the PizzaRev restaurant.
This tiered incentive deal applies only to units franchisees commit to developing in 2018 and allows franchisees to reinvest what would have been spent on royalties back into their businesses. Typically, the royalty fee is a flat five percent of revenues.
"We're introducing this amazing deal during an aggressive growth period for the PizzaRev brand across the United States," said Ed Yancey, director of franchising at PizzaRev. "With more than 200 franchises under development, we want to maintain our steady momentum and continue to encourage entrepreneurs to join our growing, proven brand."
For more information on the franchising opportunity with PizzaRev visit https://pizzarev.com/franchise/.
Founded in Los Angeles in 2012, PizzaRev is a "build-your-own" fast-casual pizza concept that has reinvented the way America eats its favorite food. 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 crafted 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.
In 2017, Cleveland Avenue, LLC, a Chicago-based accelerator that strategically invests in innovative, consumer-focused restaurant, food and beverage concepts, became a strategic partner and majority investor in PizzaRev.
PizzaRev, which is currently franchising, operates more than 45 locations with an additional 200 franchises under development across Mexico and 11 states: CA, CO, FL, GA, 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, Instagram and Snapchat.
Media Relations Lead
Comments:comments powered by Disqus
- Expansions & Growth
- Financial & Earnings Claims
- Mergers & Acquisitions
- Personnel Changes
- General Announcements
- Conferences & Events
- Product Announcements
- Media Coverage
- Strategic Alliances