FORT LAUDERDALE, Fla., Sept. 07, 2018 (GLOBE NEWSWIRE) -- 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.
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.
BBX Capital Corporation Contact:
Leo Hinkley, Managing Director, Investor Relations Officer
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 https://www.globenewswire.com/NewsRoom/AttachmentNg/4ba3bf35-8c01-4446-aec3-1b42f5420fbc