Marco’s Pizza plans to open 20 new stores in Denver by 2024. Credit: Luigi Rosa on Flickr.

American pizza restaurant chain Marco’s Pizza has signed two new development agreements to open 20 new stores in Denver, Colorado, US, by the end of 2024.

The first multi-unit agreement, signed with franchisees Aaron Rosenthal and Steve Moberly, included eight new stores in the greater Denver market area.

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Rosenthal and Moberly currently operate ten Marco’s Pizza stores and plan to open the first store under the new agreement in Wheat Ridge by the first quarter of next year.

Going forward, the franchisees plan to open other stores in Applewood, Arvada, Brighton, Commerce City, Lakewood and Thornton areas.

Moberly said: “Aaron and I had long been seeking out franchise opportunities to start our roots and build a solid foundation for La Tavola Hospitality Group

“The pandemic shined a light on the value of having pizza in your portfolio, proving the industry to be essentially recession-proof.

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“We knew timing was right to invest and be aggressive with growth. Marco’s 40-year history, proven business model and opportunity to develop in key markets checked all our boxes.”

Marco’s Pizza executed its second agreement with the investment group MCAA Brands and franchisees Austin Toupin and Chris Harper.

As per the agreement, Toupin and Harper will develop 12 Marco’s Pizza stores in the Denver-Fort Collins area over the next three years.

The first location is scheduled to open by the end of this year, with the second store likely to make its debut in the first quarter of next year.

Marco’s Pizza development vice-president Keith Sizemore said: “The Denver market and the greater state of Colorado is ideal for our continued expansion in terms of unit count and franchisee health, all while yielding an impressive number of high-profile opportunities.”

Last December, Marco’s Pizza signed a new multi-unit development agreement to boost its footprint in Texas.