Pizzeria Uno typically buys the land on which it builds new restaurants because it allows the company
Question:
Pizzeria Uno typically buys the land on which it builds new restaurants because it allows the company “to control its own destiny and future.” What are some possible disadvantages to this practice?
Profit margins in the restaurant business average three to five cents of every dollar of revenue. When you’re managing pennies, accounting for them is critical to growing a successful business. Pizzeria Uno has learned to manage its financials effectively and grow dramatically.
The Pizzeria Uno Restaurant Corporation started in 1943 and was taken public in 1987. Currently the chain operates in 31 states and four foreign countries with more than 200 restaurants, both franchised and company-owned. Its average restaurant generates $2 million in revenues annually.
Step by Step Answer:
Foundations Of Business
ISBN: 9780538744515
2nd Edition
Authors: William M. Pride, Robert J. Hughes, Jack R. Kapoor