SIR Royalty Income Fund is hungry for growth and plans to nearly double the number of restaurants in its royalty pool by 2010.
The Burlington, Ont.-based restaurant operator said its long-term plan
is to build up its royalty pool to 68 restaurants, as it focuses on
booming markets across southcentral Ontario, along with Ottawa,
Montreal, Halifax and Calgary.
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| The Boston Pizza Foundation presented Kids Help Phone with a cheque for $35,000 at the 7th annual Pat Quinn Invitational Golf Tournament held in July at the Glen Abbey Golf Course in Oakville, Ontario. From left to right: Mark Pacinda, president, Boston Pizza International Inc., Pat Quinn, Graham Lute, vice-president of marketing and fund development, Kids Help Phone, and Jim Treliving, chairman and owner of Boston Pizza International Inc. Similar cheques were also presented to the Heart and Stroke Foundation of Canada ($10,000), and RCMP Drugs and Sport ($10,000). |
SIR Royalty Income Fund is hungry for growth and plans to nearly double the number of restaurants in its royalty pool by 2010.
The Burlington, Ont.-based restaurant operator said its long-term plan is to build up its royalty pool to 68 restaurants, as it focuses on booming markets across southcentral Ontario, along with Ottawa, Montreal, Halifax and Calgary.
“We will remain focused on selecting the best possible locations in these markets,” said CEO Peter Fowler during a conference call.
“In carrying out our expansion plans, we believe our disciplined approach in terms of the site selection and ensuring we have the strongest possible platform to build upon, will result in stable and sustainable growth of our restaurants.”
SIR Royalty currently has 36 restaurants in its royalty pool including Jack Astor’s, Canyon Creek Chop House, Alice Fazooli’s and Signature Restaurants.
Its Canyon Creek banner has been the focus of its 2006 expansion plan, with two new Ontario locations opened so far this year and a third planned for the Fallsview Casino Resort in Niagara Falls.
“This restaurant will be located in a premium site within the casino resort – its wrap-around window providing a spectacular view of the Canadian and American falls,” Fowler added.
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