Daily Markets:
Ann Arbor, Michigan-based Domino’s Pizza, Inc recently franchised 30 company-owned restaurants in Atlanta to four experienced local owner-operators. The company operated 38 company-owned restaurants in Atlanta and further expects to franchise the remaining restaurants going forward.
Mike Orcutt, one of the leading franchisee of Dominos in U.S, purchased 14 restaurants and thus became the second largest franchisee of the company in the U.S with ownership totaling 93 restaurants. Other franchises Greg Fox, Todd Dyrda and Tim Garrett purchased 9, 7 and 2 restaurants, respectively.
Domino’s is primarily a franchise company with 9,009 stores out of 9,436 franchised. The company has 50% franchised stores in the domestic market and 50% in the international market. During the first quarter of 2011, Domino’s franchised 26 Minneapolis-based company owned units.