Los Angeles — FAT Brands Inc., parent company of Twin Peaks and 16 other restaurant concepts, has seen Twin Peaks navigate various recent hardships facing the restaurant industry and emerge stronger than before, consistently increasing sales and generating growth over the past 2 years.
“Twin Peaks continues to be a leader across all metrics of the casual dining space,” says Joe Hummel, CEO of Twin Peaks. “Our team is relentless in the pursuit to make Twin Peaks a worldwide brand, and we’re so happy about the huge steps we took towards that goal in 2021. We look forward to building on our success and continuing to grow in 2022 and beyond.”
In 2021, Twin Peaks executed its strongest push for domestic and international development to date. The company signed its first franchise agreement in the northeastern region of the U.S. with a 10-store deal in Philadelphia. This was in addition to agreements for four restaurants in the Las Vegas area and three throughout Phoenix. Twin Peaks’ most ambitious deal was across the border with a franchise development agreement for 32 lodges to be built throughout Mexico within the next 10 years. Along with these agreements for new locations, in 2021 Twin Peaks opened 11 lodges in new and existing states such as Arizona, Florida, Kentucky, North Dakota, South Carolina and Texas.
“We knew Twin Peaks had significant momentum when they first emerged on our radar for acquisition, but they continue to impress us with every new deal since joining our portfolio in October 2021,” says Andy Wiederhorn, CEO of FAT Brands. “We look forward to building on their robust development pipeline, bringing the Twin Peaks experience to even more sports fans across the globe.”
To build on its culinary capabilities and capitalize on off-premise sales growth, Twin Peaks is continuing to bring its virtual chicken concept — Good as Cluck — to more markets across the states. In 2022, the company aims to own a greater portion of digital real estate and target a consumer looking for craveable food from the Twin Peaks menu.
FAT Brands currently owns 17 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises over 2,300 units worldwide. For more information, visit www.fatbrands.com.
Founded in 2005 in the Dallas suburb of Lewisville, Texas, Twin Peaks now has 87 locations in the U.S. and Mexico. For more information, visit www.twinpeaksrestaurant.com.
SOURCE: FAT Brands