GE Capital, Franchise Finance recently provided $2.15 million to Pizza Project, LLC, a Domino’s Pizza franchisee. The facility included a $1.45 million term loan for the acquisition of existing Domino’s units as well as a $700 thousand development line of credit for the development of additional stores throughout the San Francisco, CA area.
“We are already a GE Capital customer, under another restaurant brand,” says Jim Taggart, principal, Pizza Project, LLC. “After our success with that brand, we were looking to diversify our portfolio. The Brand Management team at GE Capital introduced us to the Domino’s family, and we could not be happier.”
The current funds will help launch Pizza Project’s plan to become a 40+ unit Domino’s Pizza franchisee across northern California.
“GE Capital’s Brand Management team has relationships with a good cross-section of franchise brands. These relationships give us insight into each brand’s development plans and strategy,” said Dave Stansbery, vice president, GE Capital, Franchise Finance. “Our access to brands and to capital made us a perfect match for Pizza Project.”
Domino’s Pizza was founded in 1960 and now has more than 9,000 stores in more than 60 countries around the world, making them the second-largest pizza chain in the United States. In January of 2011, Forbes named Domino’s Pizza as “The Top Franchise for the Money.”
