The origins of Anthony’s Coal Fired Pizza go back to its long-time New York City owner, who was dissatisfied with the type of pizza he could find in Florida. Coming from a traditional Italian family, Bruno had the vision to create his own pizza, which is crafted in a coal oven. The authentic New York-style pie has quickly gained popularity throughout the country. The authentic ingredients used in Anthony’s Coal Fired Pizza include fresh vegetables and meats. In fact, there are no microwaves, fryers, or freezers.
Anthony Bruno’s Coal Fired Pizza
In 2002, New York native Anthony Bruno opened the first location of Anthony’s Coal Fired Pizza. The chain grew to over 67 locations by 2016, and Bruno himself sold the company in 2016. In the meantime, however, he has opened up another location in Victoria Park, New York, and is currently looking for a new location in Boca Raton. We sat down with Anthony to discuss his new restaurant.
The pizza joint is named after former NFL quarterback Dan Marino, a former Pittsburgh Steelers and Miami Dolphins player. Founded in 2002, the pizza joint has since expanded to 60 locations across eight states. Its menu features award-winning pizzas, grilled chicken wings, homemade meatballs, salads, and Eggplant Marino. The restaurant is also known for its Eggplant Marino, a vegetarian pizza topped with eggplant.
After the restaurant’s 2016 takeover, customers have complained about the service, employee morale, and the quality of the food. Although Bruno no longer manages the business, he is still a board member. The company’s headquarters will remain in Fort Lauderdale. As for the future of Anthony’s Coal Fired Pizza, Bruno says he’ll continue to focus on the food quality and customer experience.
With a legacy of fine pizzas, Anthony Bruno’s is a national chain. In the United States, he opened Runway 84 in Fort Lauderdale in 2002 and has since expanded his brand nationwide. It’s known for its well-done pizza. Among the many delicious menu items is the Paul & Young Ron pizza, which is topped with sausage, meatballs, hot peppers, and ricotta.
Unit economics
The casual dining concept Anthony’s Coal Fired Pizza is centered around its 900 degree coal-fired oven, and the chain offers more than just well-done pizza. Other items on the menu include coal-fired chicken wings, homemade meatballs, salads, and handcrafted sandwiches. Anthony’s is primarily located in suburban strip malls, and it has 50 locations in six states. The chain plans to burn about seven million pounds of coal this year and eight million pounds by the end of 2016.
The restaurant chain is a good match for BurgerFi because it has a proven footprint in the Southeast and a highly competitive menu. Anthony’s offers strong profitability, top-tier unit economics, and growth potential. The company expects to have 166 locations by 2022. The acquisition should close in the fourth quarter of 2021. Until that time, BurgerFi expects to add approximately 16 units to its portfolio, making the business a good fit for a potential investor.
The company operates primarily in suburban strip centers, where it can achieve high sales per square foot. The revenue growth rate at which it grows has been over 12%. However, it is still unclear if coal-fired pizzerias will ever outpace the growth of coal-fired power plants. But with careful analysis, Anthony’s could be on the fast track to becoming a leading coal-fired pizza chain.
While it’s important to know the cost of production and profit margin, understanding unit economics is critical for early-stage startups. Profit margins are incredibly important to early-stage companies, but growth can also eat into profit margins. Understanding unit economics will help you manage your marketing strategy while aligning your team with sustainability goals. With a solid understanding of the unit economics of Anthony’s, you can plan ahead and be profitable.
Revenue growth
Anthony’s Coal Fired Pizza has become a chain that specializes in a unique style of coal-fired pizza. Its 900-degree coal-fired oven offers a unique flavor and texture to its grilled pizza. Among its other menu items are coal-fired chicken wings, well-done pizza, and homemade meatballs. In addition to coal-fired pizza, Anthony’s also offers a variety of handcrafted sandwiches and salads. The unique coal-fired oven creates a crust that seals in natural flavors and gives the pizza a light char. The majority of its restaurants feature a full bar, and all offer a vast wine and craft beer selection.
According to the most recent financial results, Anthony’s revenue increased by 261% in the fourth quarter of 2021 compared with the same quarter last year. While the company’s revenue grew by 261%, its net income declined by $21.7 million compared to the same period last year, mainly due to acquisition-related expenses and costs associated with becoming a public company. Thus, investors should pay close attention to Anthony’s coal-fired pizza revenue growth numbers to see if the company is in a good position to continue its strong performance.
In addition to enhancing the existing brand, BurgerFi also plans to roll out AI telephone service. BurgerFi International, the parent company of Anthony’s Coal Fired Pizza, has recently expanded its fast-casual concept to create a more streamlined and smaller footprint for its restaurant locations. The new format, which aims to offer customers a simpler experience, is expected to increase the company’s revenue growth.
After the installation of POSitouch software, the company made changes to its pricing structure and management process. It restructured its menu and database management systems, and implemented a loyalty program. The company has also begun integrating the ToGoTechnologies online ordering platform with the POSitouch system. This integration has improved order accuracy and customer convenience. Further, Anthony’s has improved the speed and accuracy of delivery with online ordering.
Square footage per unit
The acquisition of Anthony’s Coal Fired Pizza & Wings by BurgerFi is complete. The company paid $156.6 million to L Catterton, a private equity firm that owns other burger chains like Chopt and Uncle Julio’s. BurgerFi is expected to have a strong growth trajectory as it has added units across multiple service systems, including drive-throughs and ghost kitchens. The deal has the potential to add more than two dozen new units, and BurgerFi expects to see a positive return on investment as it continues to add to its restaurant portfolio.
Each location in the Anthony’s chain will have roughly the same amount of square footage as a traditional Anthony’s restaurant. The chain uses coal-fired ovens to create its unique pizzas and serve other items like meatballs and salads. In addition, Anthony’s will be serving roasted cauliflower pie and chicken wings as well as salads and handcrafted sandwiches. In addition to its traditional menu, the chain will soon launch a virtual concept called “The Roasted Wings.”
In terms of square footage per unit, Anthony’s has a relatively large footprint – the average Anthony’s pizza restaurant is 3,200 square feet. Anthony’s restaurants generate an average sales per square foot of $700. The chain’s revenue grew at an average CAGR of 12% from 2011 to 2019.
