Vancouver-based Famoso Neapolitan Pizzeria will open three new outlets in Saskatchewan this year and in 2017, including its second and third locations in Regina.
The company, which specializes in high-end pizza fare, was ranked No. 105 this year in the Profit 500, a definitive list of Canada’s fastest-growing companies, ranked annually by Profit Magazine and Canadian Business. The list ranks Canadian businesses by their five-year revenue growth.
The restaurant’s 29th franchised location in Regina opened in the fall of 2016, and its next location is set to open in Regina’s Eastgate area in early 2017. The 31st location will open shortly after in Lloydminster. It also has two outlets in Saskatoon.
“Since we opened up our first location at Hill Centre in Regina in 2015, we’ve received nothing but love from the city,” said Justin Lussier, co-founder and CEO of Famoso Neapolitan Pizzeria.
Currently, Famoso operates in 28 locations throughout British Columbia, Alberta, Saskatchewan and Ontario.
A Famoso Neapolitan Pizzeria franchise requires an initial investment of $503,000 to $609,000, including a franchise fee of $30,000. There is also a 6 per cent royalty fee and a 2 per cent advertising fee.