Domino’s

Domino's is a prominent name in the global pizza delivery and carryout industry, with a rich history dating back to its founding in 1960 in Ypsilanti, Michigan. Today, as of October 2023, Domino's operates over 21,700 stores worldwide, making it one of the largest pizza chains on the planet. The company is renowned for its wide-ranging menu that includes pizza, pasta, wings, and various side items, alongside its hallmark fast delivery service. Headquartered in Ann Arbor, Michigan, Domino's serves millions of customers across numerous countries each day.

The story of Domino's began with Tom Monaghan and his brother James, who opened the first store in Ypsilanti. The business quickly gained momentum by adopting a franchising model, which facilitated rapid growth throughout the United States. By the late 1970s, Domino's had established a formidable presence across the country, distinguished by its commitment to speedy delivery and consistent product quality. A notable milestone during this period was the introduction of the '30 minutes or less' delivery guarantee, which helped set Domino's apart from its competitors.

In the past 15 years, Domino's has significantly broadened its global reach, establishing a stronghold in North America, Europe, and Asia. The company has strategically partnered with real estate entities to secure prime locations for its diverse store formats, ranging from traditional dine-in venues to smaller, delivery-centric outlets. Leadership changes, such as the appointment of Ritch Allison as CEO, have steered the company towards digital innovation and international growth.

In recent years, Domino's has continued to expand both domestically and internationally. The company is actively pursuing new markets and is particularly focused on urban centers with smaller-format stores to serve densely populated areas efficiently. Domino's investment in technology aims to enhance delivery capabilities and improve customer experiences. Looking ahead, the company plans to increase its store count by 60% over the next six years, with a target of opening 2,000 new stores in the U.S. and focusing on high-growth international regions.

Domino's journey from a single pizza store to a global leader in the industry highlights its strategic real estate expansion and commitment to innovation. The company's adaptability to evolving market conditions and consumer preferences has cemented its position as a key player in the commercial real estate landscape, leveraging its strong brand recognition and operational efficiency to drive growth and seize new opportunities.