Pizza Pizza Royalty Corp is a Canadian royalty and real estate company established in 2007 as an independent vehicle to own and manage the intellectual property and property assets of the Pizza Pizza and Pizza 73 quick-service restaurant brands. The company’s principal business model is to collect royalty fees based on a percentage of gross sales from franchised restaurants and to receive long-term lease income from properties housing corporate and franchised outlets. Through this structure, Pizza Pizza Royalty enables Pizza Pizza Ltd to focus on operations and brand development while providing predictable cash flows for royalty investors.
The company’s portfolio encompasses hundreds of Pizza Pizza and Pizza 73 locations across Canada, with a presence in major metropolitan markets in Ontario, Alberta, British Columbia, Quebec and the Atlantic provinces. Beyond traditional dine-in and carry-out restaurants, Pizza Pizza Royalty has extended its footprint into non-traditional channels such as frozen pizza manufacturing, branded vending machines and airport duty-free concessions. This diversification supports consistent royalty revenues and broadens the accessibility of the Pizza Pizza brand.
Over more than a decade, Pizza Pizza Royalty has overseen the steady expansion of its underlying concepts through selective property acquisitions and rights-of-use agreements with franchisees. The company’s real estate holdings include freestanding restaurant sites, drive-thrus and strategic urban locations, which collectively underpin long-term rental income streams. By leveraging the strength of established brands and a nationwide network, Pizza Pizza Royalty continues to facilitate new market entries and co-development opportunities.
The enterprise is guided by an experienced leadership team with deep roots in Canadian quick-service dining and real estate management. Under the direction of Executive Chairman Paul Godfrey and a board of directors drawn from finance and restaurant operations backgrounds, Pizza Pizza Royalty maintains a disciplined approach to royalty and property asset stewardship, focused on stable distributions and sustainable brand growth.
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