Vancouver – Boston Pizza International opened 10 new full-service restaurants and closed five full-service restaurants in Canada in 2018.
With the adjustment for these openings and closures during 2018, the Royalty Pool now includes 396 Boston Pizza restaurants, the Income Fund and Boston Pizza International in a news release.
“We are very pleased with the 10 new Boston Pizza restaurants opened in 2018, including five in Western Canada, three in Eastern Canada, and two in Québec,” said Jordan Holm, president of BPI.
“Since the inception of the Fund, 242 net new Boston Pizza restaurants have been added to the Royalty Pool, growing from 154 in 2002 to 396 locations across the country today.”
The Fund effectively receives 5.5 per cent of franchise revenues of Boston Pizza restaurants in the Royalty Pool less the pro rata portion payable to BPI in respect of its retained interest in the Fund.
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