A national pizza chain that saw its revenue reach $393 million last year is making plans to build dozens of new locations this year.
MOD Super-Fast Pizza Holdings LLC opened 64 new stores last year for a current total of 468, adding to a map with stores that are located in some 29 states, primarily along the West Coast, East Coast, and throughout the Midwest.
Scott Svenson, chief executive officer of MOD Pizza said that because the company recently secured $160 million in equity financing, the chain is now positioned to develop and build yet more properties this year.
Ultimately, the company wants to build up to 500 new stores between this year and 2025, with at least 20 new locations in the works for just Colorado and southern Wyoming alone.
Within the last month, the chain has also opened new outlets in Bellaire, Texas; Salem, Oregon, and Ammon, Idaho.
MOD pizza outlets typically measure around 2,600 square feet, although some have been as large as 3,100 square feet, with adjacent patio space.
Launched in 2008, the Seattle-based MOD Pizza is known for allowing customers to build their own pizzas at a price that remains the same no matter the number of toppings chosen.
By Garry Boulard
