January 7, 2010, Vancouver – Boston Pizza International opened 18 new restaurants last year, increasing the total royalty pool stores to 340 for the Boston Pizza Royalties Income Fund.
"We are very pleased to have opened another 18 Boston Pizza restaurants in 2009. Since the inception of the Fund in 2002, Boston Pizza has opened a remarkable total of 190 new restaurants in Canada, which is more than any other full service restaurant chain over that period. This robust growth is evidence of Boston Pizza's strong operating model and further strengthens our position as Canada's number one casual dining brand," said George Melville, co-chairman of Boston Pizza International.
The estimated annual gross franchise revenue for the 18 new restaurants in 2010 is $25.7 million.
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