Unique Pizza and Subs Corp. (PINKSHEETS: UPZS) has announced that they have signed a Letter of Intent to purchase the Florida based Pizza Fusion chain of pizzerias. Pizza Fusion, an organic and eco-friendly pizza restaurant franchise, has multiple locations in the US and has expanded internationally. Pizza, a $35 billion a year industry, has been lead by companies like Dominos (NYSE: DPZ) and Papa John's (NASDAQ: PZZA), but with the over 50% of the market filled by smaller chains and independent restaurants like Pizza Inn (NASDAQ: PZZI) and the recession-driven "eating in" trend, pizza businesses have experienced an increase in take-out and delivery sales.
According to a survey completed by Mintel, 93% of Americans eat at least one pizza per month and 21% of 18- to 24-year-olds purchase pizza more than three times per month. Pizza has also proved popular with parents. About 20% of the parents surveyed said that they purchase pizza more than three times per month, compared to 12% of adults with no children.
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