“We are very pleased to have opened another 18 Boston Pizza restaurants in 2009,” said George Melville, co-chair of BPI. “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.”
Sixteen of the new eateries are full service and two are express locations; one full-service restaurant also closed during the year. In summary, the estimated annual gross franchise revenue for the 18 new restaurants in 2010 is $25.7 million.