THE COLONY Texas Pizza Inn Inc. said Wednesday that it would cut royalty rates for new and existing franchises to aid in the opening of more of the company’s buffet-style restaurants. Amid the continuing credit crunch, the company said it would waive sales royalties for the first year and collect only a 2-percent royalty in the second year. The chain's standard royalty rate is 4 percent.Pizza Inn, which has more than 300 restaurants, said the initiative was designed to ease start-up ...
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Contact: Desiree Torres Desiree.Torres@penton.com