Pizza Inn and New Franchise Partner Team Up to Bring Seven New Locations to Egypt
Pizza Inn has announced a new multi-store Master Franchise Agreement with Al Ruwad Hospitality Services & Restaurants Management Group in Egypt. This partnership will bring seven new Pizza Inn locations to Egypt, with the first store set to open in Cairo during Q4 2024. The expansion marks a significant milestone in Pizza Inn's international growth strategy.
The agreement outlines plans to open two additional locations each year for the next three years across various Egyptian cities. These restaurants will offer Pizza Inn's signature menu, including pizzas, pasta dishes, wings, and Pizzerts®. This collaboration aims to establish Pizza Inn as a household name in Egypt, leveraging the brand's 65-year legacy as America's Hometown Pizza Buffet.
Pizza Inn ha annunciato un nuovo Accordo di Master Franchising multi-store con Al Ruwad Hospitality Services & Restaurants Management Group in Egitto. Questa partnership porterà sette nuove sedi di Pizza Inn in Egitto, con il primo negozio previsto per aprire a Cairo nel quarto trimestre del 2024. L'espansione segna un traguardo significativo nella strategia di crescita internazionale di Pizza Inn.
L'accordo prevede l'apertura di due sedi aggiuntive ogni anno per i prossimi tre anni in diverse città egiziane. Questi ristoranti offriranno il menu esclusivo di Pizza Inn, comprese pizze, piatti di pasta, ali di pollo e Pizzerts®. Questa collaborazione mira a stabilire Pizza Inn come un marchio noto in Egitto, sfruttando il patrimonio di 65 anni del brand come il Buffet di Pizza di Hometown d'America.
Pizza Inn ha anunciado un nuevo Acuerdo de Franquicia Maestra multi-tienda con Al Ruwad Hospitality Services & Restaurants Management Group en Egipto. Esta asociación llevará siete nuevas ubicaciones de Pizza Inn a Egipto, con la primera tienda prevista para abrir en El Cairo durante el cuarto trimestre de 2024. La expansión marca un hito significativo en la estrategia de crecimiento internacional de Pizza Inn.
El acuerdo plantea abrir dos ubicaciones adicionales cada año durante los próximos tres años en varias ciudades egipcias. Estos restaurantes ofrecerán el menú característico de Pizza Inn, que incluye pizzas, platos de pasta, alitas y Pizzerts®. Esta colaboración tiene como objetivo establecer Pizza Inn como un nombre familiar en Egipto, aprovechando el legado de 65 años de la marca como el Buffet de Pizza de Hometown de América.
피자 인(Pizza Inn)은 이집트에 있는 Al Ruwad Hospitality Services & Restaurants Management Group와 새로운 다점 마스터 프랜차이즈 계약을 체결했다고 발표했습니다. 이 파트너십을 통해 이집트에 7개의 새로운 피자 인 매장이 생기며, 첫 번째 매장은 2024년 4분기 카이로에서 개장할 예정입니다. 이번 확장은 피자 인의 국제 성장 전략에서 중요한 이정표가 됩니다.
이 계약은 향후 3년 동안 매년 2개의 추가 위치를 개장할 계획을 포함하며, 다양한 이집트 도시에서 운영됩니다. 이들 식당은 피자 인의 시그니처 메뉴인 피자, 파스타 요리, 윙, 그리고 Pizzerts®를 제공합니다. 이번 협력의 목적은 피자 인을 이집트에서 유명한 브랜드로 자리잡게 하는 것이며, 65년의 전통을 지닌 미국의 고향 피자 뷔페 브랜드의 유산을 활용합니다.
Pizza Inn a annoncé un nouvel accord de franchise maître multi-boutiques avec Al Ruwad Hospitality Services & Restaurants Management Group en Égypte. Ce partenariat apportera sept nouveaux points de vente Pizza Inn en Égypte, le premier magasin devant ouvrir à Le Caire au quatrième trimestre 2024. Cette expansion constitue une étape importante dans la stratégie de croissance internationale de Pizza Inn.
Le contrat prévoit l'ouverture de deux points de vente supplémentaires chaque année pendant les trois prochaines années dans diverses villes égyptiennes. Ces restaurants proposeront le menu emblématique de Pizza Inn, comprenant des pizzas, des plats de pâtes, des ailes de poulet et des Pizzerts®. Cette collaboration vise à établir Pizza Inn comme un nom familier en Égypte, en s'appuyant sur l'héritage de 65 ans de la marque en tant que Buffet de Pizza de Hometown d'Amérique.
Pizza Inn hat eine neue Multi-Store-Master-Franchise-Vereinbarung mit Al Ruwad Hospitality Services & Restaurants Management Group in Ägypten angekündigt. Diese Partnerschaft wird sieben neue Pizza Inn-Standorte nach Ägypten bringen, wobei das erste Geschäft im vierten Quartal 2024 in Kairo eröffnet werden soll. Die Expansion stellt einen bedeutenden Meilenstein in der internationalen Wachstumsstrategie von Pizza Inn dar.
Die Vereinbarung sieht vor, jedes Jahr zwei zusätzliche Standorte in den nächsten drei Jahren in verschiedenen ägyptischen Städten zu eröffnen. Diese Restaurants werden das charakteristische Menü von Pizza Inn anbieten, einschließlich Pizzen, Pastagerichten, Wings und Pizzerts®. Diese Zusammenarbeit zielt darauf ab, Pizza Inn als einen bekannten Namen in Ägypten zu etablieren, indem das 65-jährige Erbe der Marke als Amerikas Hometown Pizza Buffet genutzt wird.
- Expansion into a new international market with seven planned locations in Egypt
- Partnership with an established local hospitality group for market penetration
- Scheduled opening of first location in Cairo by Q4 2024
- Planned opening of two additional locations each year for three years
- None.
Insights
Pizza Inn's expansion into Egypt with a seven-store agreement signifies a strategic move to tap into the growing Middle Eastern market. This partnership with Al Ruwad Hospitality could potentially boost Pizza Inn's international revenue streams and brand recognition. However, the impact on RAVE Restaurant Group's stock may be in the short term, as Egypt represents a relatively small market compared to Pizza Inn's existing operations.
The phased approach of opening two locations annually over three years suggests a cautious expansion strategy, which could minimize risks but also limit immediate financial gains. Investors should monitor the performance of these new locations and any plans for further expansion in the region to gauge the long-term potential of this move.
While the expansion into Egypt is a positive development for Pizza Inn, its impact on RAVE Restaurant Group's financials may be modest in the near term. The gradual rollout of seven stores over several years suggests that revenue contribution will be incremental rather than transformative. Investors should focus on:
- Initial performance metrics of the Cairo location
- Any changes to RAVE's guidance based on international expansion
- Potential for accelerated growth if the Egyptian market proves receptive
Without specific financial projections, it's difficult to quantify the impact. However, this move does diversify RAVE's geographical risk and could serve as a blueprint for further international expansion, potentially enhancing long-term shareholder value.
Iconic American Pizza Brand's Growth Marks Significant Milestone in Middle East's Culinary Landscape
DALLAS, TX / ACCESSWIRE / August 15, 2024 / Pizza Inn announced today a new multi-store Master Franchise Agreement partnership with Al Ruwad Hospitality Services & Restaurants Management Group in Egypt. The first Pizza Inn location is scheduled to open in Cairo during the fourth quarter of 2024 as part of a seven-store agreement.
This expansion marks another significant milestone for Pizza Inn's international growth strategy. Pizza Inn is one of the world's most recognized pizza brands, known for its commitment to bringing a unique blend of flavor, convenience and value to pizza lovers across the world since 1995.
"We are excited to announce our partnership with Pizza Inn for the Arab Republic of Egypt and have full confidence that together we will further establish the brand as a household name across Egypt," said Magdy Al Khazrjy, CEO of Al Ruwad Hospitality Services & Restaurants Management Group. "The team at Pizza Inn have been incredible partners throughout this process, and our shared commitment to excellence, passion for authentic pizza and dedication to creating memorable moments for our customers makes this collaboration special."
Following its first opening, Al Ruwad Hospitality Services & Restaurants Management Group plans to debut two additional locations each year for the next three years in cities across Egypt. The restaurants will offer Pizza Inn's signature menu of pizzas, pasta dishes, wings and famous Pizzerts®.
"Partnering with Al Ruwad Hospitality Services & Restaurants Management Group to bring Pizza Inn to an even larger audience in Egypt is a great honor," said Brandon Solano, CEO of RAVE Restaurant Group. "We are confident Al Ruwad Hospitality Services & Restaurants Management Group will bring our brand to life as we bolster our presence in the Middle East and introduce Pizza Inn to new markets - serving up our something-for-everyone menu with the level of quality that has made us America's Hometown Pizza Buffet and a family favorite for more than 65 years."
To find the Pizza Inn nearest you or for more information on the entire menu, visit pizzainn.com.
About Pizza Inn
Since 1958, Pizza Inn's popular pizza buffet and friendly service have solidified the brand as America's Favorite Hometown Pizza Buffet. Unlike your typical buffet, Pizza Inn built a reputation for using house-shredded
About RAVE Restaurant Group, Inc.
Dallas-based RAVE Restaurant Group [NASDAQ:RAVE] has inspired restaurant innovation and countless customer smiles with its trailblazing pizza concepts. The Company owns, franchises, licenses and supplies Pie Five and Pizza Inn restaurants operating domestically and internationally. The Pizza Inn experience is unlike your typical buffet. Since 1958, Pizza Inn's house-shredded
Contact Information
Jay Brasher
Senior Publicist
jbrasher@championmgt.com
806-437-9583
SOURCE: RAVE Restaurant Group, Inc.
View the original press release on newswire.com.
FAQ
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