“These guys that are building 12,000- to 15,000-square-foot restaurants are struggling just to heat and air condition them.” “The right size for Nancy’s is 1,200 square feet,” he said. Howey credits the brand’s smaller footprint, which offers no seating, with making it an appealing growth opportunity for potential Nancy’s Pizza franchisees. “When you get opportunities like this and you can get rents at $17, $18, $19 a square foot, it’s a tremendous opportunity,” said Howey, who added that he has not seen lease prices this low since the 1980s. With two decades of franchising experience under their belts, officials of Chicago Franchise Systems say the stability of the pizza market, low commercial leases and streamlined operations are fueling their push toward growth. “I wouldn’t want to be in the higher-end restaurants.” “Fast food and pizza markets are just a good place to be right now,” said David Howey, president of Chicago Franchise Systems, which owns both the Nancy’s Pizza and Al’s Beef brands. Nancy’s also has five stores in Indiana and Georgia. The chain, which has 38 locations in and around Chicago, plans to open 177 new units in the next five years, officials said. Any way you slice it, the Chicago pizza market is intense, but that’s not stopping the folks at Nancy’s Pizza, a McKinley Park, Ill.-based carryout and delivery concept, from pursuing growth.įounded in 1974 by Rocco Palese and named for his wife, Nancy’s specializes in Chicago-style stuffed pizza.
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