Franchise News
MOD Pizza Takes Bite Out of Fast-Casual
The wood-fired pizza chain is rapidly approaching 100 locations.
There’s no shortage of pizza chains across the country, but that didn’t stop Ally and Scott Svenson from throwing their concept into the mix.
Cofounders of MOD Pizza, a wood-fired pizza chain, the Svensons are taking a large slice of the fast-casual marketplace.
After opening their first location in Seattle in 2008, the brand plans to have 98 locations across 15 states by the end of the year. According to Business Insider, MOD—which stands for “made on demand”—saw $20 million in revenue in 2014 and expects to see those figures rise to $60 million for 2015.
The brand states that an ideal franchisee will have a track record of establishing strong teams and successful multi-unit organizations. Along with having a strong business sense, the brand expects potential operators to surround themselves with strong and capable operating talent, and a conservative capital structure.
MOD's website states that candidates must have a net worth of at least $5 million, $3 million in liquid assets, experience in real estate development in given market, and an experience as a multi-unit restauranteur dedicated solely to the brand.
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About the Author
Nick Powills
FollowNick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.
