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VILLAGE INN TO OPEN 15 NEW RESTAURANTS OVER NEXT 12 MONTHS

 DENVER, July 26 /PRNewswire/ -- Village Inn Restaurants, a division of VICORP Restaurants Inc. (VRES) (NASDAQ-NMS: VRES), announced today that it has signed agreements to open 15 new franchise and company- operated restaurants over the next 12 months as part of an aggressive expansion program designed to take the Denver-based family restaurant chain into more than 30 new markets over the next two years.
 Village Inn has signed two new development agreements that will open four restaurants in Spokane, Wash., and Cour d'Alene, Idaho, and three restaurants in Utah. The franchise group for the Spokane acquisition is Cross Enterprises and the group for the Utah locations is VI RADCO.
 In addition, Village Inn President Jim Caruso announced that the company also plans to open four new corporate-owned restaurants and has another four franchised locations already under contract to open in New Mexico, Arizona, Oregon and Minnesota.
 "The franchise expansion program we initiated several months ago has paid off," said Caruso. "Our growth is evidence that family restaurants are a sound investment. We are pleased to see that Village Inn has been among the top choices for investors."
 The expansion program is part of a turnaround plan initiated by Caruso in 1991 that has included redesign of the restaurants, expansion of the menu and an increased emphasis on R&D. As a result of these efforts, systemwide sales have been climbing steadily, from $220 million in 1991 to $230 million in 1992 to an expected $245 million in 1993. Average volume per unit is approaching $1.1 million systemwide with "new image" openings and remodels significantly exceeding that average.
 Village Inn, which was founded in 1958, has more than 230 restaurants in 21 states. Nation's Restaurant News recently ranked the chain No. 32 among the top 100 restaurants by revenue and No. 54 in terms of systemwide sales growth.
 -0- 7/26/93
 /CONTACT: Scott White or Melanie Carroll of Hadeler & White PR, 214-960-8612, for Village Inn Restaurants/
 (VRES)


CO: Village Inn Restaurants; VICORP Restaurants Inc. ST: Colorado IN: LEI SU:

WB -- NY037 -- 5639 07/26/93 11:06 EDT
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Publication:PR Newswire
Date:Jul 26, 1993
Words:348
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