Pizza Inn lowers royalty rates for franchisees

THE COLONY Texas Pizza Inn Inc. said Wednesday that it would cut royalty rates for new and existing franchises to aid in the opening of more of the company’s buffet-style restaurants.

Amid the continuing credit crunch, the company said it would waive sales royalties for the first year and collect only a 2-percent royalty in the second year. The chain's standard royalty rate is 4 percent.

Pizza Inn, which has more than 300 restaurants, said the

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