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Fatburger and Buffalo’s Express Plan 10-Store Development Deal in Puerto Rico

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Fatburger, Buffalo’s Express and 15 other restaurant concepts, has inked a new development deal to open 10 new franchised locations in Puerto Rico. Franchisee Conceptos Restaurants LLC is leading the deal to bring Fatburger and Buffalo’s Express to the island with the restaurants set to open over the next 5 years. “2022 has been a strong year of growth for Fatburger and Buffalo’s Express with new development deals in Alaska, Arkansas, Florida, and now, Puerto Rico, and we …

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franchise developmentNewsrestaurants

FAT Brands Inc. to Acquire Nestlé® Toll House® Café by Chip®

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. has agreed to acquire the franchised chain of stores known as Nestlé® Toll House® Café by Chip® from Crest Foods, Inc. and rebrand the stores as Great American Cookies. The acquisition is expected to increase FAT Brands’ foothold as a leader in the dessert category within the cookie and ice cream spaces, joining its existing Great American Cookies and Marble Slab Creamery brands. Crest Foods currently franchises approximately 85 Nestlé® Toll House® Café by Chip® cafés across the U.S. This acquisition …

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franchise developmentNewsrestaurants

Fatburger Rolls Out First Theme Park Location at Six Flags Great Adventure

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. has opened Fatburger’s first theme park location at Six Flags Great Adventure in Jackson, N.J. The restaurant marks the second Fatburger in the state. “We have been exploring opportunities to make this growth move for some time and are pleased that we are able to make our foray into this space with such a strong partner as Six Flags,” says Jake Berchtold, chief operating officer of FAT Brands’ fast casual division. The first Fatburger opened in Los Angeles 70 years ago, …

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Newspeoplerestaurantssoftware/technology

FAT Brands Names Chief Information Officer

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. has hired its first chief information officer, Michael G. Chachula. Chachula joins FAT Brands with over 25 years of senior management experience in business and technology and will be focused on delivering scalable, sustainable and efficient technology platforms across the portfolio and franchise system to aid in the growth of the company. A seasoned executive with experience across the financial services, consumer goods, pharmaceuticals and hospitality industries, Chachula has a track-record of identifying and implementing innovative technological solutions that drive further …

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franchise developmentNewsrestaurants

After Historic Development Year, Twin Peaks Plans 20 New Locations in 2022

by Katie Lee

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 …

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franchise developmentNewsrestaurants

FAT Brands to Acquire Arizona-Based Native Grill & Wings for $20 Million

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. has agreed to acquire Native Grill & Wings, an Arizona-based restaurant chain, for $20 million from Wingtime, LLC, a subsidiary of Cybeck Capital Partners, LLC. Marking FAT Brands’ third chicken wing concept, the acquisition of Native Grill & Wings will be funded with cash from the issuance of new notes from the company’s securitization facilities and is expected to close in mid-December 2021. With the acquisition of Native Grill & Wings, FAT Brands will have more than 2,300 franchised and corporate-owned …

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franchise developmentNewsrestaurants

Fatburger and Buffalo’s Express Plan 25 New Co-Branded Locations in Illinois

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Fatburger, Buffalo’s Express and 13 other restaurant concepts, is heading to Illinois with a newly inked deal in partnership with A.D.T.J. Development LLC to open 25 Fatburger and Buffalo’s Express stores throughout the state of Illinois — in particular, in Chicago and the surrounding area. The locations are slated to open over the next 8 years. Both the Fatburger and Buffalo’s Express brands have been populating the West Coast, East Coast and regions in the South. This will …

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franchise developmentNewsrestaurants

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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franchise developmentNewsrestaurants

Fatburger Celebrates 100th U.S. Location in Texas

by Katie Lee

Arlington, Texas — FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Fatburger & Buffalo’s Express, has opened the 100th U.S. location of Fatburger, which is now open in Arlington, Texas. Co-branded with Buffalo’s Express, the restaurant will host a ribbon-cutting ceremony on October 7 to celebrate the milestone. The new location is under the helm of franchisee Maisha Bankhead, who also owns a Fatburger & Buffalo’s Express in North Richland Hills that opened in June 2020. “Expanding Fatburger & Buffalo’s Express’s domestic presence has been a key focus for …

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Twin Peaks to be Sold to FAT Brands for $300 Million

by Katie Lee

New York City — An affiliate of Garnett Station Partners, LLC, a New York-based principal investment firm, has agreed to sell Twin Peaks, a national sports bar & grill franchise company, to FAT Brands for $300 million. Twin Peaks is based in Dallas and was founded in 2005. “Twin Peaks is a truly unique concept within the casual dining industry, with a best-in-class management team and committed franchisees, as demonstrated by its significant growth and consistently strong financial results throughout its partnership with Garnett Station,” says Matt Perelman, partner at …

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