BBX Capital’s MOD Pizza Opens its Fifth Florida Location Across From University of Florida in Gainesville
08 September 2018 - 4:02AM
BBX Capital (“BBX Capital” or “BBX”) – the exclusive MOD Pizza
franchisee in Florida - announced today the grand opening of its
fifth MOD Pizza store, located directly across from the University
of Florida (UF) at The Standard, 50 NW 13th Street, #30, in
Gainesville.
“MOD has established itself as a leader in the
fast-casual pizza category by offering customers an authentic,
affordable and timely dining experience," said Jarett Levan,
President of BBX Capital. "We are thrilled to introduce the college
community of Gainesville to MOD and its artisan-style pizzas with
30+ toppings, one price, and the superfast MOD experience.”
MOD’s individual, artisan-style pizzas are made
on demand, using fresh-pressed dough and signature sauces.
Customers create their own pizzas and salads, using any combination
of over 30 featured toppings, or by choosing from a menu of MOD
classics. The price remains the same regardless of the number
of toppings. Pizzas are hand-cooked in an 800-degree oven in
just minutes and salads are individually hand-tossed for each
customer. The menu is rounded out with handspun milkshakes,
house-made lemonades and iced teas, and local craft beers and
wine.
BBX Capital is the exclusive franchisee for the
MOD Pizza brand for the state of Florida and has signed an
agreement to develop up to 60 MOD locations throughout the state.
BBX currently operates five MOD stores in Coral Springs,
Parkland, Jacksonville, Kendall and Gainesville, and anticipates
opening additional locations in Lutz, Lake Buena Vista, and
Pembroke Pines by the end of 2018.
To learn more about MOD, please visit
www.modpizza.com or watch the MOD Difference Video.
About MOD Super-Fast Pizza Holdings,
LLC:MOD Pizza is a pioneer of the fast-casual pizza
segment, founded in Seattle in 2008 by entrepreneur husband and
wife team Scott and Ally Svenson. MOD’s individual artisan-style
pizzas are made on demand, allowing customers to create their own
pizzas and salads, using fresh-pressed dough, signature sauces and
over 30 toppings, all for one incredible price. With more than 370
locations system-wide* across 28 states and the United Kingdom, MOD
is committed to creating not only a cool place to eat, but an
inspired place to work. The company was recently named America’s
fastest growing chain restaurant by Technomic, was recognized as
the number one mid-sized restaurant chain in the US in the October
2017 Fishbowl Buzz Brands Report and named the most loved pizza
brand by Foodable Network in its May 2017 Most Loved Brands Report.
MOD also earned a spot on the Inc.500 list and was recognized by
Fortune as one of the “20 Best Workplaces in Retail,” a “Best
Workplace for Women,” a “Best Workplace for Millennials,” and a
“Best Workplace for Diversity.” For more information, please visit
www.modpizza.com or connect with the brand
via Facebook, Twitter or Instagram.*The term
“system-wide” refers to all company-operated and licensed store
locations.
About BBX Capital Corporation:
BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB), is a
Florida-based diversified holding company whose activities include
its 90 percent ownership interest in Bluegreen Vacations
Corporation (NYSE: BXG) as well as its real estate and middle
market divisions. For additional information, please visit
www.BBXCapital.com.
MOD Pizza/BBX Capital Media Contact:Kip Hunter
Marketing954-765-1329Nicole Lewis | Shannon O’MalleyEmail:
nicole@kiphuntermarketing.com | shannon@kiphuntermarketing.com
BBX Capital Corporation Contact:Investor
Relations Leo Hinkley, Managing Director, Investor Relations
OfficerPhone: 954-940-5300 Email: LHinkley@BBXCapital.com
This press release contains forward-looking
statements based largely on current expectations of BBX Capital and
its franchise activities in MOD Super-Fast Pizza (“MOD Pizza”) that
involve a number of risks and uncertainties. All opinions,
forecasts, projections, future plans or other statements, other
than statements of historical fact, are forward-looking statements.
Risks and uncertainties include, without limitation,
the risks and uncertainties affecting the pizza franchise and
fast-casual restaurant industry in which MOD Pizza operates; the
risks that the MOD Pizza restaurants anticipated to open may not be
opened when or in the number expected, if at all, and that the
stores once opened may not be profitable or otherwise perform as
expected; and the risks that BBX Capital’s investments in and as a
franchisee of MOD Pizza may not achieve the returns anticipated or
at all. Reference is also made to the other risks and
uncertainties described in BBX Capital’s Quarterly Report on Form
10-Q for the quarter ended June 30, 2018, and its Annual Report on
Form 10-K for the year ended December 31, 2017, which is available
on the SEC's website, https://www.sec.gov, and on BBX Capital’s
website, www.BBXCapital.com. The Company cautions that the
foregoing factors are not exclusive.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/4ba3bf35-8c01-4446-aec3-1b42f5420fbc
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