It’s no secret that the recession in Britain has boosted demand for cheap thrills, whether it’s a night out at the movies or staying in with a pizza, and delivery chain Domino’s Pizza UK on Monday once again wowed market watchers with a set of strong six-month results. The recession has also led to more out-of-work businessmen trying on an apron for size and opening their own Domino’s franchise store, eager to get a slice of the company’s success while the financial sector struggles to find growth.
“People being made redundant from management positions are investing in the franchise,” said Paul Hickman, an analyst with KBC Peel Hunt, who upgraded his annual profit forecasts for Domino’s UK by 3%, to 27 million pounds ($44.6 million), on Monday. Franchisees need 260,000 pounds ($430,000) up front to open their own store, and it seems that the white-collar victims of job cuts across the country have not had much trouble getting access to this kind of capital. Full article.