Dec. 22, 2014, Houston – Fast-casual restaurant Russo’s New
York Pizzeria is mulling over expansion into Canada, Mexico, the Philippines
and China.
Dec. 22, 2014, Houston – Fast-casual restaurant Russo’s New
York Pizzeria is mulling over expansion into Canada, Mexico, the Philippines
and China.
The company is advancing its strategic growth plan in the
beginning of 2015, adding 20 to 30 restaurants in the next three years, said a
news release. In addition to the U.S. markets, Russo's has
opened multiple locations in the Middle East.
Early discussions are underway with developers in Canada,
Mexico, the Philippines and China. The 12-month period from late-2013 to today
represents the brand's most aggressive growth phase.
Highlighting the performance of Russo's New York Pizzeria,
and its sister brand Russo's Coal-Fired Italian Kitchen, is the nearly 24 per
cent average net profit, which includes average food costs of less than 21 per
cent, a figure well below the U.S. average for the fast casual pizza/Italian
sector, said the release. Additionally, the brands' average unit volume
surpasses $1 million US. The most recent Russo's opening saw weekly sales
revenues between $35,000 to $60,000.
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