Ryan is an attorney and valuation specialist residing in Chicago. He chronicles his thoughts and research on FranchisePundit.com. You may reach him by email ryanknoll@gmail.com or mobile telephone 312-212-3423.
I enjoyed reading about Unique Pizza & Subs’ franchising strategy of converting a local mom-and-pop pizza shop in each town within 100 miles of a company-owned store. In theory, I imagine this can work quite well for the franchisor with the right sales team.
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Have you looked at their financials? I don’t think that the conversion strategy is working.
No, I didn’t look at the financials. I took a quick look at Yahoo! finanace and didn’t see much. My guess was Unique would gain enough efficiencies (both franchisees and franchisor) if they stacked one city at a time. Looks like Unique’s management is not particularly successful or loyal to executing the plan.
This is fascinating to me, as I am following the company’s stock performance. (UPZS.PK on yahoo finance)