Telepizza, the largest non-US-based pizza delivery company in the world by number of stores, has agreed its first master franchisee partnership in the UK and plans to open 80 new restaurants within the next 10 years.
The Spanish company has struck a deal with Karali Ventures, a specialist in the QSR industry and the UK’s largest Burger King operator, that will mark the start of a new growth phase in the UK. The first stores are scheduled to open later this year.
Karali Ventures also has experience of developing other brands, including Chamama, Traditional Favourites, Caffé Italiano and Cafe Select, during its 30 years in the foodservice business.
Pablo Juantegui, executive chairman of Telepizza said the appointment of its first UK master franchisee partner is an exciting step for the company’s overseas business. “Our international expansion is gaining momentum after a strong launch, which has been reinforced by international partners who are interested in growing our brand globally,” he said.
Madrid-based Telepizza plans to open a minimum of 300 stores, with 20 to 30 franchisees, that will develop 30 regional markets around the UK within the next 10 years.
Approximately 35% of Telepizza stores worldwide are owned and operated by Telepizza, while around 65% are owned by its business partners (franchises and master franchises)
Salim Janmohamed, chairman and managing director at Karali Group said: “I am really looking forward to introducing Telepizza to the UK market and I am confident that the brand will receive a warm welcome using fresh ingredients in pizzas that are handmade on demand for the UK consumer, which is what is missing in the pizza delivery business.”
Telepizza’s international strategy is focused on growth in markets where it is currently operating, exploring new business opportunities, and entering new markets, via master franchises. Currently, the company is present in 15 countries and its international chain sales exceed 30% of the total.
The company currently has a network of 1,311 stores (461own stores and 850 franchised and master franchised stores) and employs a vertically-integrated business model throughout seven dough production facilities. Last year it made €492m (£380m) and €58m (£45m) in EBITDA.