[ad_1]
Pizza firm 800 Levels Go and REEF, a supply and ghost kitchen idea, are planning to open 500 800 Levels Go places over the following 5 years, each home and worldwide, in line with a press launch.
As well as, Kenneth Rourke, govt vice chairman of kitchens and types at REEF, with be a part of 800 Levels Go’s board of administrators. REEF will pursue an possession stake within the firm as effectively, in line with a press launch.
“As one of many largest operators of restaurant manufacturers on this planet, REEF is searching for unimaginable manufacturers with potential for progress globally,” Rourke mentioned within the launch. “We’re investing closely within the success of 800 Levels Go into our ghost kitchens as a result of we consider 800 Levels Go is a kind of manufacturers. We sit up for rising the model in addition to our stake within the firm.”
800 Levels Go has already launched greater than 40 REEF places in 13 markets, with plans to have greater than 100 places open by the tip of 2022. Moreover, 800 Levels Go will open its flagship brick-and-mortar location in Burbank, California, this summer time, which can function the analysis and growth and coaching hub for future franchise progress and the enlargement of the 800 Levels Go by Piestro robotic pizzeria pods. 800 Levels Go is concentrating on over $19 million in annual gross sales by the start of 2023 and expects to develop that to $160 million inside the subsequent 5 years, not together with 800 Levels by Piestro gross sales.
“As our ghost kitchen enterprise grows with REEF, we are going to considerably increase our brick-and-mortar footprint, adopted by the ‘800 Levels Go by Piestro’ robotic pods,” Tommy Lee, CEO of 800 Levels Go, mentioned within the launch. “Explosive progress is effectively inside our grasp as we transfer by means of the following 5 years of enterprise.”
[ad_2]
