How much did Pita Pit sell for?

Pita Pit, which celebrated its 25th anniversary last August, currently operates 225 restaurants in Canada and an additional 135 internationally. The sale was announced in a news release on Thursday. It did not release the purchase price, but it is reported to be between $25 million and $50 million.

Who is pita pit owned by?

Pita Pit is a Canadian quick-service restaurant franchise serving pita sandwiches with fresh vegetables, grilled meat and sauces. Its Canadian and global headquarters are in Kingston, Ontario. Its United States headquarters are in Coeur d'Alene, Idaho. As of September 2021, it is owned by Foodtastic.

Who is the CEO of Pita Pit?

Andrew Scott, owner / CEO, Pita Pit.

How many Pita Pit franchises are there?

Today, there are more than 650 Pita Pit stores in North America, Europe, Asia, the Middle East and Asia-Pacific.

How many Pita Pit locations are there in the USA?

More Info on Franchising

Today, there are more than 210 Pita Pit locations in the United States, and over 580 Pita Pit locations worldwide—the company is poised for explosive growth and we want you to join us!

Buying

How much is a Tim Hortons franchise?

The capital required to open a unit is $60,000. The minimum you would expect to invest in a Tim Hortons location is $298,650. $1,394,000 is the maximum that someone opening a location should expect to invest. New franchisees can expect to pay a $25,000 franchise fee for the rights to open their own location.

How many Pita Pits are in Canada?

In Canada, Pita Pit has 222 locations and aims to reach 400 stores across the country by 2020.

Why is Pita Pit successful?

It's a system we've been fine-tuning for more than 20 years. Our business model is simple— high streets, school campuses, airports or food-courts - it can be accommodated. Over the years, Pita Pit has perfected its business model to allow our franchisees to achieve success from a variety of different store locations.

Is Pita Pit healthy for you?

Small says Pita Pit's fresh vegetables and meat are the healthiest part of the meal, but people still need to make sure they stay away from processed meats. Pita Pit's ham is 75 per cent pork and contains sugar and flavouring, whereas its chicken tenders are 98 per cent meat, but also contain a sprinkle of sugar.

Who owns Foodtastic Inc?

Foodtastic was born in 2016 when the team decided to become a multi brand restaurant company. Jacques left the company in January 2020, and it is now run fully by Peter and Lawrence.

Is Pita Pit halal in Canada?

There's no doubt that this is an innovative step forward for the Pita Pit Canada brand. We're 100 percent committed to adhering to proper Halal standards in order to make this pita authentic for our customers in every single one of our stores.

How much is a Dunkin Donuts franchise?

Initial franchise fee: $40,000 to $90,000 (varies by location) Net worth: $500,000 minimum. Liquid capital: $250,000 minimum.

How much is a Starbucks franchise?

Initial Start-Up Funding

The average cost to license a Starbucks store is $315,000. You'll also need $700,000 in liquid assets to be considered.

How much does it cost to buy a McDonald's franchise?

McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.

When did Pita Pit come out?

Pita Pit founder, Nelson Lang, rolled the very first pita in 1995, in Kingston, Ontario, Canada, with a vision to provide a healthy alternative to fast food restaurants. The success of this “fresh thinking” concept led to its franchising across Canada starting in 1997, followed by the United States in 1999.

Does Texas have Pita Pit?

Pita Pit (Houston Westheimer)

Today is #TheGreatAmericanTakeout in support of the nation's restaurant industry.

Is Pita Pit Halal USA?

Pita Pit has partnered with halal-chicken supplier Mina Halal to ensure full conformity to halal standards, which means cooking the chicken separately in a microwave and storing it away from other proteins.

Do Pita Pit points expire?

Yes, the points expire 12 months from the date that they are earned. So if you earn 10 points today, if they are not redeemed within 12 months from today, then the points will expire.

Is Mina Halal?

Mina® is committed to providing consumers with a variety of wholesome and high-quality Halal food products. Our products are certified by the Halal Monitoring Authority (H.M.A.), strictly adhering to the most stringent halal process, and always Zabeeha by Hand.

How does the Pita Pit app work?

at select Pita Pit locations, collect points on your purchases towards great rewards like pitas, smoothies, drinks, cookies and more! Members can earn 5 points per dollar spent and redeem them anytime they want*. As a thank you for using our app we'll start you off with 280 points.

Did Milestones get sold?

Now comes news its parent company, Ontario-based mega-chain operator Recipe Unlimited, is selling off Milestones to another major Canadian restaurant player. Recipe Unlimited announced June 14 the sale of Milestones to Quebec-based Foodtastic Inc.

Who bought Milestones restaurant?

Foodtastic plans to expand brand to Quebec

-based Recipe Unlimited, owner of fast-casual and dining chains such as Swiss Chalet, The Keg, Harvey's, St-Hubert and Montana's, announced Monday it will sell the Milestones chain to Foodtastic, owner of the Second Cup and Nickels Deli brands among others.

Is Milestones owned by Cara?

Cara Operations, owner of Swiss Chalet, Harvey's & Milestones, plans IPO. One of Canada's largest owners of chain restaurants plans to go public and sell shares on the Toronto Stock Exchange.