Anthony’s Coal Fired Pizza Gets Huge $25M Boost for Expansion

4 8 slice rating

Posted By: Pizza Expert on March 27th, 2012
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One of the places here in Florida that people love going to for great pies in a fine dining atmosphere is Anthony’s Coal Fired Pizza. Personally I have truly never understood the allure since there are dozens of other places that in my opinion cook a better pie. Anthony’s Coal Fired Pizza has several Florida locations, including Coral Springs, Delray Beach, and others. What most Floridians don’t know is that they also have franchises in New York, Jersey, Pennsylvania, and more.

So what does a successful multi-location operation like Anthony’s do to keep going? Why they get a $25 million dollar cash infusion from some huge and well known investors like GE Capital and Quilvest Group Investment to keep expanding. That’s what.

The companies just announced this new investment with $17 million being a term loan to expand operations and $8 million as a revolving credit facility to stock and open those new restaurants. Currently, Anthony’s Coal Fired Pizza has thirty two locations and is obviously planning on adding many more.

Will this mean that Anthony’s Coal Fired Pizza devolves into just another cardboard box Hut sending fast-order (so-called) pizza around in little blue Dominoes? Not likely.

Anyone who’s set foot in an ACFP knows that the place is elegant, serves decent food, and is one of the most trendy coal oven pizza establishments you can enter. It’s almost belittling to call it a “pizza joint,” at times,  but since I consider that a compliment, I will anyway.

I’m glad to see innovative pizza joints like Anthony’s Coal Fired Pizza spreading around the country, especially since I feel they created the craze down here and led to some amazing places opening up after them. They’re a well run establishment and are the epitome of what a having an idea and introducing it to a new market is all about.

 

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4 Responses to “Anthony’s Coal Fired Pizza Gets Huge $25M Boost for Expansion”

  • Bigstu wrote:

    01 Apr 2012 at 6:20 pm

    I don’t know you can already see the quality going down hill. I went last Sunday with a couple of friends to the one in Aventura. No problem with the 40 minute wait weather was great and good company.  The food on the other hand!  The chicken wings which are always cooked in advance were barely warm.  On the Pizza side we had the meat ball and ricotta house special. The pie itself was uneven thick on one side thick on the other. I do not expect a firm crust with all those topping but the pie was underdone with the only charring on the thin side of the Pizza that also had no sauce or toppings.  Topping right to the edge on one side 4 inches from the crust on the other.  Also The topping and ricotta was warm not hot.  It was obvious that at 8PM 8:40 when we were served all they wanted was another turn and took no care whatsoever in the Pie itself!

  • Scott wrote:

    03 Apr 2012 at 2:34 pm

    I have to agree with the previous comment. I always loved Anthony’s pizza but lately I also have seen a decline in the quality of the food and the way things are handled. I have found a new spot that is much like Anthony’s but with a bigger menu to choose from. Sicilian Oven is down Biscayne. I tried them and so far so good! Sorry Anthony’s but you lost me 🙁

  • Dr. rosen wrote:

    09 Apr 2012 at 6:09 pm

    Horrible crust, always soggy, pizza cooked unevenly (burnt on the outside, and undercooked in the middle). I do like their sauce, but other than that, their pizza sucks IMO

  • Patent Attorney wrote:

    12 Apr 2012 at 4:21 am

    Not their biggest fan, but interesting to see which chains get funding and support and which don’t.

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