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FAT Brands Inc. to Acquire Fazoli’s Restaurant Chain for $130 Million

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. has agreed to acquire Fazoli’s for $130 million from funds under management by Sentinel Capital Partners. This acquisition brings to FAT Brands the largest premium QSR Italian chain in the U.S., and will be funded with cash from the issuance of new notes from the company’s securitization facilities. The transaction is expected to close by mid-December 2021. The planned acquisition of Fazoli’s further speaks to FAT Brands’ recent diversification of its restaurant portfolio, making a foray into the Italian quick-service dining …

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Muscle Maker Signs 40-Unit International Franchise Deal

by Katie Lee

League City, Texas — Muscle Maker Inc., the parent company of Muscle Maker Grill, Pokemoto and SuperFit Foods, has inked a Master Franchise Agreement for 40 units in the Kingdom of Saudi Arabia, solidifying the company’s second multi-unit international deal. The newly signed 40-unit agreement will grow the company’s international footprint by 400%. Muscle Maker Grill previously signed a 10-unit deal in Kuwait. Muscle Makers’ current Kuwaiti international franchise partners Abrar Kadhem Almatrouk, Abdullah Kadhem Almatrouk, Yousef Kadhem Almatrouk and Essa Kadhem Almatrouk will expand the brand across Saudi Arabia …

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Shipley Do-Nuts Breaks Ground on New Headquarters

by Katie Lee

Houston — Shipley Do-Nuts, the iconic Houston-born do-nut shop brand, celebrated its 85th anniversary with a groundbreaking on Oct. 28 for its new 60,000-square-foot corporate headquarters at Cullen and Gulf Freeway in Houston. The site is well-known to Houstonians as the location of the old Finger Furniture flagship showroom and, before that, Buff Stadium, home to minor league baseball’s Houston Buffalos from 1928-1961. The state-of-the-art facility, slated to open in the last quarter of 2022, will feature a full working flagship Shipley Do-Nut shop with an interior drive-thru going right …

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Jack in the Box Signs Agreements to Open 111 New Locations in 2021

by Katie Lee

San Diego — Jack in the Box Inc., one of the nation’s leading QSR chains, has awarded seven development agreements in the fourth quarter of fiscal year 2021 to open 47 new restaurants. In total, Jack in the Box has awarded 23 development agreements in fiscal year 2021 to build 111 stores over the course of the next several years. The agreements will help the brand grow in existing markets including Los Angeles, Dallas and Houston, as well as new ones such as Salt Lake City and Louisville, Ky., indicating …

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Peter Piper Pizza Acquires 10 Arizona Franchised Locations, Plans Expansion in Texas

by Katie Lee

Phoenix — Peter Piper, LLC, a wholly owned subsidiary of CEC Entertainment, LLC, which also owns Chuck E. Cheese and Pasqually’s Pizza & Wings, signed an agreement to acquire nine Tucson and one Phoenix-area Peter Piper Pizza restaurants owned by franchisee Southwest Pizza, Inc. Local Tucson family-owned Southwest Pizza, Inc., which has been a Peter Piper Pizza franchisee for nearly 40 years, decided to sell all its locations earlier this year. The terms of the sale were not disclosed. Peter Piper, LLC, will take over the operations of these locations …

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Batteries Plus Signs 8-Unit Deal in Atlanta Area

by Katie Lee

Atlanta — Batteries Plus, the nation’s largest and fastest-growing battery, light bulb, key fob and repair franchise, has signed an eight-unit deal in the Atlanta area. The deal consists of four brand new and four resale locations, in and around Atlanta and Athens, Ga. Behind the purchase is Equicorp Partners, LLC, an Atlanta-based, multi-unit franchise developer and private investment and advisement office. The partnership boasts 30 years of experience in the management space for both startups and legacy brands, including Arby’s, City Barbeque and Café Rio. Equicorp Partners, LLC was …

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25-year Franchise Veteran Joins Fransmart Leadership Team

by Katie Lee

Alexandria, Va. — Fransmart, a global franchise development company, is expanding its leadership team with the appointment of seasoned food industry executive Don Baruch as vice president of franchise support operations. Baruch brings more than 25 years of franchise development and operations experience to the position. Most recently, he was vice president of development for BurgerBusters, a more than 150-unit franchisee of Yum! Brands with Taco Bell, KFC and Pizza Hut restaurants, as well as several other national brands. “An experienced franchisee, franchisor and franchise owner, Don brings a unique …

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Caribou Coffee Launches Domestic Franchise Program

by Katie Lee

Minneapolis — Caribou Coffee®, a national premium coffeehouse and Panera Brands portfolio concept, has launched its domestic franchise program. Since its inception in 1992, Caribou Coffee has grown to more than 718 locations systemwide including 314 company-owned coffeehouses primarily across the Midwest. Caribou Coffee’s domestic franchise launch marks the first time interested candidates in the U.S. have an opportunity to own and operate coffeehouses which were previously only available internationally, through non-traditional or licensing. Industry-leading innovations in restaurant design have further positioned Caribou Coffee for nationwide expansion, including the 2019 …

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Batteries Plus Signs Agreements for 20 New Stores in Third Quarter

by Katie Lee

Hartland, Wis. — The nation’s largest and fastest-growing battery, light bulb, key fob and repair franchise, Batteries Plus, has seen significant third quarter growth with the signing of 20 new store agreements, bringing the brand’s total signings for the year to 66. Included in the 20 new store agreements was a 10-unit signing which will expand the brand in Nevada and Utah, a three-unit signing in Philadelphia and multiple two-packs set to expand Batteries Plus into Sacramento, Calif., and Wichita, Kan. Additional single-unit signings will grow the brand in Georgia, Texas, …

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Biscuit Belly Signs Area Development Deal in Georgia and 5-Unit JV Deal in Nashville

by Katie Lee

Louisville, Ky. — Biscuit Belly, a chef-driven fast-casual breakfast and brunch concept, has signed development agreements for 10 franchised units, five of which will be located in the Atlanta metropolitan area, with an additional five units to be built in the Nashville DMA. These two agreements are in addition to the 10 units signed earlier this spring, resulting in commitments for a total of 20 units in the first 9 months of 2021. The brand also plans to expand with additional company-owned restaurants in the Louisville and Southern Indiana markets. …

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