Domino’s Pizza Refranchises 26 Minneapolis Stores To Proven Operator

PR Newswire:

Domino’s Pizza, the recognized world leader in pizza delivery, today announced that it has refranchised its 26 company-owned stores to a local owner-operator.

The change of ownership took place today. With the acquisition, Franchisee Bill Graves’ company, Ultimate Challenge, LLC, becomes the third-largest U.S. Domino’s Pizza franchise, operating 73 stores in six states.

“The strength of Domino’s Pizza is its franchise system,” said Scott Hinshaw, Executive Vice President of Franchise Operations and Development. “With nearly 1,200 franchisees in markets around the world, we’ve found that local, hands-on leadership is crucial to our success. Throughout our history, we have strategically refranchised corporate stores where it makes sense. Minneapolis is an important market for us and we are pleased that Bill Graves has decided to further invest in this market with this purchase. We are confident he can help make Domino’s Pizza the dominant player in Minneapolis.”

Graves opened his first Domino’s Pizza store in 1985.

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