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 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now.We promise it will only take a few minutes!
Questions about your account or how to access content?