Boston Pizza has reported record Franchise Sales with same Restaurant Sales up 3.4% for the period, 0.9% for the year. Cash flows generated from operating activities meanwhile were $9.4 million for the period; $38.1 million for the year, up 1.4% and 0.5% respectively, versus the same periods a year ago.
Jordan Holm, President of BPI (Boston Pizza International) said: “In the fourth quarter, Boston Pizza delivered its strongest performance of the year in terms of year-over-year growth, capping off the highest year for total franchise sales.”
He added: “Effective promotions were instrumental in Boston Pizza overcoming macroeconomic challenges faced in the earlier quarters of the year. We remain vigilant in monitoring the evolving trade landscape, its potential impact on Boston Pizza restaurants in Canada and adapting the business accordingly. We are encouraged by the momentum in our business and remain focused on enhancing guest experiences, supporting our franchisees, and driving sustainable long-term growth through innovation and operational excellence.”
Given these numbers and having finished third overall in this year’s EF100 CA survey of top Canadian Franchises, Boston Pizza has clearly been getting many things right; not least having a clear mind when it comes to selecting new Franchisees.
While Franchisees are likely to come from a variety of different backgrounds common attributes will include: entrepreneurial spirit, commitment to community, team leaders and team builders, good business savvy, comfortable operating within a system and possessing a guest service centric mindset.
Typically, Boston Pizza will generally look for a net worth in the $1.5M to $2M range. Available unencumbered funds meanwhile should be equivalent to 35% of your total project costs.
For more information about this Award winning franchise visit Boston Pizza.
