jueves, 12 de abril de 2012

Pizza Hut plans Canadian expansion

THESTAR.COM

Pizza Hut is looking for franchisees across Canada to open 100 new locations in the next five years, driven by Yum! Brands’ stated goal of dominating the world’s quick-service food market.

The Pizza Hut franchise model has been revamped, with smaller buildings and less square footage to reduce operating costs, faster equipment, and new products, including pasta and chicken wings. The minimum cash requirement is $150,000 and assets of at least $500,000, says Canada president Sabir Sami. Pizza Hut is a division of Yum! Brands Inc., which also owns KFC, Taco Bell and A&W. Yum! is expanding worldwide, from Canada to China to Africa.

Pizza Hut Canada has more than 300 delivery and dine-in restaurants. China is the powerhouse in the portfolio. Same-store sales grew 19 per cent in 2011. They declined by one per cent in the U.S. On Tuesday Yum! Brands Inc was rated “overweight” at Atlantic Equities by equity analyst Alistair Scobie. He set a target share of $81 (U.S.) a share – about $10 above the current 52-week high. Prospective franchisees need to exercise caution, says Toronto franchise lawyer Christopher Neufeld.

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