Atlanta — Arby’s, with more than 3,300 restaurants worldwide, has signed development agreements to build 10 new restaurants in Canada over the next 3 years. This marks the largest expansion in Canada for Arby’s since 2009.
The move also signals that Arby’s is ready to begin aggressive restaurant development growth in Canada, where it currently has 65 restaurants.
“These new development agreements demonstrate a strong level of confidence in Arby’s,” says Greg Vojnovic, chief development officer of Arby’s Restaurant Group, Inc. (ARG). “Canada is a market where we see significant growth potential, particularly in Vancouver and Toronto.”
Development agreements were signed with Mazhar Malik and Santosh Menon to open an initial five restaurants in Calgary; Daljit Singhrai to open four additional restaurants to his current portfolio of Arby’s in Vancouver; and Gloria Holliwel to open one additional restaurant to her current portfolio of Arby’s in Edmonton.
Restaurant development remains a top priority for Arby’s. In 2016, Arby’s opened 60 restaurants across the company’s global system and achieved net-positive restaurant growth for the first time since 2008. In the first quarter of 2017, ARG signed 29 development agreements for the building of 86 new restaurants in the company’s U.S. system.
Arby’s remains on track to achieve $4 billion in system sales by the end of 2018 — a goal that the company set in 2014.
Arby’s, founded in 1964, is the first nationally franchised sandwich restaurant brand, with more than 3,300 restaurants worldwide. Arby’s Restaurant Group, Inc. is the parent company of the franchisor of the Arby’s brand and is headquartered in Atlanta. For more information, visit Arbys.com.
SOURCE: Arby’s