Little Caesars celebrates continuous growth with Colombian launch

Little Caesars pizza

IMAGE: Ken Wolter / Shutterstock.com

The third-largest pizza chain in the world is entering an untapped market this month, as part of ongoing expansion.
Little Caesars Pizza is continuing its international expansion this month with two inaugural stores in Bogotá, Colombia. These new locations will be owned and operated by LCPZ Colombia S.A.S., which is part of the Pequeño Caesarmex family of companies, that also own and operate Little Caesars locations in Mexico, Puerto Rico, and the Dominican Republic.
With the addition of Colombia, Little Caesars is now available in 27 countries and territories, as well as all 50 U.S. states.
“As we continue to expand our global footprint, we are thrilled to bring Little Caesars Pizza to Colombia,” said Paula Vissing, senior vice president of international for Little Caesars Pizza. “The pizza market is expected to grow nearly 20 percent in Latin America over the next several years, and Colombia represents a very important new market for us in the region. We are excited to have the opportunity to partner with LCPZ Colombia to introduce the brand in Bogotá.”
The new locations will offer Little Caesars’ signature HOT-N-READY model, giving customers the option to stop by a location and carry out a selection of freshly made pizzas and sides without waiting or ordering ahead; limiting both contact and time spent in-store.
“Little Caesars is a family-owned company and one of our top priorities will always be the health and safety of our customers and crew,” continues Vissing. “The HOT-N-READY model provides customers a great tasting pizza at an everyday affordable price. Now more than ever it is important to offer customers a safe and satisfying meal option for their families.”
Over the past several years, Little Ceasars has increased its international presence by opening restaurants in multiple markets including Latin America, Europe, and Asia Pacific. In 2019 alone, the brand opened new sites in Spain, India, and Barbados, and its on the lookout for interested entrepreneurs looking to join its exponential growth.

Source: Globalfranchisemagazine

Frequently Asked Questions (FAQS) About Pizza Franchises

Pizza is a very good business. Consider these 3 advantages to owning a pizza business: 1. Consumer demand: 13% of Americans over age 2 eat pizza on any given day. It’s popular all over. It is most popular in the Northeast and Midwest, according to PMQ Magazine. 3 We eat 3 billion pies per year. 2. Profitability: Ingredient costs are relatively low compared to the price charged, ensuring profitability. 3. Growing industry: The pizza industry is $47 billion a year, and franchises constitute $36.4 billion of that, according to research firm IBISWorld.  It is forecast to continue growing over the next five years. Pizza has become a food staple — whether deep dish, thin crust, unusual toppings or more. Among food franchises it is one of the most popular categories. You get the benefits of the franchise system and branding, together with sound business fundamentals and help choosing locations.
Accordion Sample DesThe amount you make with franchise pizza depends on the type of pizza business you operate. For example, the average Dominoes owner might expect to make between $107,000 to $116,000 per year, according to Glassdoor. However, a Papa John’s franchise owner might make about $142,000 before taxes, says Franchise.com. First, of course, you need to subtract out costs related to food, labor, marketing, supplies, royalty fees and real estate associated with these franchises.cription
Yes, a pizza franchise can be profitable. For example, the top 75 percent of Marco’s Pizza restaurants made between $543,093 and $1,736,679 in net royalty sales in 2019. The average store spent about 31 percent on food and supplies and 25 percent on labor. The exact amount each store makes depends on the size, market, and expenses.
Opening a pizza franchise can cost anywhere from $25,000 to over $1 million, depending on locations of your franchise business and other factors. Most fall somewhere between $200,000 and $600,000. Those that just offer a mobile component or pickup and delivery service tend to be cheaper. Large, dine-in restaurant locations with extensive menus fall on the more expensive end of the spectrum. 

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