Tampa, Fla. — FSC Franchise Co., the parent company of Beef ‘O’ Brady’s and The Brass Tap, had a record year in 2023. In addition to acquiring Newk’s Eatery, a fast-casual café concept, the franchisor opened 10 Brass Tap locations and one Beef ‘O’ Brady’s, and it awarded another 36 and four, respectively.
“We’ve been looking to add something to our platform for several years, and we think that Newk’s is the perfect complementary brand. It’s fast-casual with average unit volumes of $2.2 million, and it has the same geographical footprints across the Southeast that we currently have, so we’re ecstatic about that partnership,” says CEO Chris Elliott. “We also had a record year for new deals with our existing brands, and we have another 23 openings in the budget for next year.”
Elliot explains that there will be great synergies created between the brands, and given the complementary nature of the three, he sees potential for franchisees to become multi-unit owners with more than one brand under the FSC Franchise Co. umbrella.
Both The Brass Tap and Beef ‘O’Brady’s brands are seeing notable activity in Dallas, the Washington, D.C., and Baltimore areas and Southern California. In addition to the 23 total Beef ‘O’ Brady’s and The Brass Tap openings scheduled for next year, the team is also working to ramp up Newk’s Eatery growth, targeting 10 to 15 new locations per year.
FSC Franchise Co. is the industry-leading franchisor behind Beef ‘O’ Brady’s and The Brass Tap, with more than 180 locations across the United States. Beef ‘O’ Brady’s, with 143 locations in 21 states, is a family sports pub concept. The Brass Tap is a craft beer bar and entertainment venue with 40 current locations in 16 states.
For more information, visit http://www.beefobradysfranchise.com/ and http://thebrasstapfranchise.com/.
SOURCE: FSC Franchise Co.