Marco’s Pizza® Awards 86 Franchises Fueling Strategic Development and Expansion

Marco’s strategy continues to combine its renowned high-quality product that provides the basic foundation to scale, a strong business model, a knowledgeable leadership team, strategic partnerships, multi-channel nationa

Read the original at Franchising.com
Marco’s Pizza® Awards 86 Franchises Fueling Strategic Development and Expansion

TL;DR

Marco's Pizza awarded 86 franchises in 2023 and opened nearly 80 new stores, with plans for multi-unit growth and international expansion in 2024. The brand has identified over 4,000 potential US locations for development.

Development and expansion

  • 2023 results in 86 franchises awarded alongside nearly 80 new store openings

  • Multi-unit growth guides the 2024 strategy with more than 4,000 potential U.S. locations identified for development

  • Company leadership leans into international and corporate store expansion in 2024

Marco’s strategy continues to combine its renowned high-quality product that provides the basic foundation to scale, a strong business model, a knowledgeable leadership team, strategic partnerships, multi-channel national advertising, and a commitment to new technology and innovation – all to meet the needs of today’s modern customer.

Notable 2023 achievements include:

  • Prioritization on product quality, innovation, and variety – including the launch of now permanent menu items Sausage Magnifico and Ultimate Magnifico, the addition of boneless wings, limited-time-offer Hot Honey Magnifico Pizza in collaboration with Mike’s Hot Honey®, and the launch of the Pizzoli™– a fully loaded handheld that is proving to be the strongest selling new item in recent brand history.

  • Rollout of Marco’s Order Management System (MOMS), a proprietary 100% cloud-based technology platform customized, owned, and operated by an affiliate of Marco’s, which provides flexibility to franchisees.

  • Growing leadership, with many with decades of experience in the restaurant, food, and QSR space, including the newest addition of Denise Lauer as Chief Marketing Officer.

“Marco’s continues to prove itself as one of the fastest growing and most innovative pizza brands in the country with no intention of slowing down,” said Co-CEO & President, Tony Libardi. “We’re at the forefront as the industry continues to evolve with consumer needs and growing market changes. In the year ahead, we’ll continue to prioritize monumental growth, advancements in technology, and above all, our commitment to delivering a superior quality product and customer experience.”

Multi unit growth strategy

Marco’s 2024 development strategy will center around multi-unit growth as leadership prioritizes franchisee relations and operational support with nearly half of its current franchise network comprised of multi-unit operators. Other key areas of opportunity lie in capitalizing on franchise growth in the nontraditional sector alongside international expansion, with near-term opportunities existing in the LATAM region and future sights set overseas.

As franchise development continues, leadership prioritizes a strong development support system, including technology and tools to help identify territories for expansion, plus support in real estate, construction management, field operations, and information related to financing. FRANdata, a leading research and advisory firm that analyzes the franchise market, reports Marco’s 2023 FUND Score of 895 is in the top 1% of all evaluated franchise systems and is among the top three scores for all QSR brands.

The brand’s impressive performance has earned multiple awards and recognition: Ranking in Newsweek’s 2023 America’s Best Customer Service in the pizza chains category, earning a spot on QSR’s Top 50, appearing on Nation’s Restaurant News’ prestigious Top 500 ranking, and most recently claiming the No. 48 spot onEntrepreneur’s 2024 Franchise 500® ranking.

According to the brand’s Franchise Disclosure Document, the Top 50% of Marco’s franchised stores generated average net royalty sales of $1,222,684 during the 2022 fiscal year*.

Headquartered in Toledo, Ohio, Marco’s Pizza is one of the fastest-growing pizza brands in the United States. Marco’s was founded in 1978 by Italian-born Pasquale (“Pat”) Giammarco and thrives to deliver a high-quality pizza experience, known for its dough made from scratch and its three fresh signature cheeses. The company has grown from its roots as a beloved Ohio brand to operate over 1,200 stores in 34 states with locations in Puerto Rico and the Bahamas.

Most recently, Marco’s Pizza was ranked No. 51 on Entrepreneur Magazine’s 2023 “Franchise 500” ranking. Other recent accolades include a high ranking on Newsweek’s 2023 “America’s Best Customer Service” in pizza chains list, earning a spot on QSR’s Top 50, and being featured on Nation’s Restaurant News’ prestigious “Top 500” ranking.

*Based on the Average Sales Volume of the top 50% of our Franchised Stores for our fiscal year 2022. Based on our fiscal year 2022, 160 of 414 Franchised Stores in the category (or 39%) met or exceeded this average. This information appears in Item 19 of our 2023 FDD – please refer to our FDD for complete information on financial performance. Results may differ. There is no assurance that any franchisee will perform as well.

Marco's Pizza is one of the nation's fastest-growing pizza brands with 1,200+ stores in 34 states, Puerto Rico, the Bahamas and Mexico. Marco's is seeking experience multi-unit franchisees to join the brand both in the U.S. and Internationally.

This story was originally published in Franchising.com on January 31, 2024. Burnaze summarizes and links to the original reporting.

Read the full story at Franchising.com

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