Domino’s Pizza Poland has sold four of its 32 stores to a Polish company set up by a former Domino’s UK area manager for £350,000.

Before setting up VKF Group, Wojtek Fronczyk spent 10 years in the UK managing Domino’s pizza stores. Moving back to Poland in the summer of 2016 Wojtek joined the Polish Domino’s team as area manager for Krakow and opened Krakow’s fifth Domino’s Pizza store in November 2016 under a management contract with DP Polska SA.

For the year ended 31 December 2015 the 4 corporate stores being sold recorded an EBITDA loss of PLN197k equivalent to £34k, at an exchange rate of PLN5.77:£1. Total consideration payable to DP Poland for the transactions is the net book value of PLN1,794k, equivalent to £347k at an exchange rate of PLN5.17:£1. Proceeds from the transactions will be settled in cash and used to fund the working capital of the Company. Following this sale DP Poland will have 13 corporately managed stores and 19 sub-franchised stores.

Chief executive Peter Shaw said: “We are delighted that VKF Group, led by sub-franchisee Wojtek Fronczyk, has acquired our 4 corporate stores in Krakow. Wojtek has worked as a highly successful Domino’s Area Manager in the UK and I am impressed by the impact he has already made working with us in Krakow since this summer. Extending sub-franchising is key to our expansion plans and I look forward to welcoming more sub-franchisees to more cities in the future.”

Fronczyk said: “Returning to my home town of Krakow as a Domino’s sub-franchisee has been a long-held ambition. I am delighted with the quality of the stores and the store teams that I am taking over and I look forward to realising their full potential.”