Tuesday, April 16, 2024
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Captain D’s Expands Development Team with New Director of Franchise Development

by Katie Lee

Nashville, Tenn. — Captain D’s has hired Steve Bailey as director of franchise development. Bailey has more than 20 years of experience in franchise sales and development with multiple restaurant service brands, most recently with Fazoli’s. Focusing on territories east of the Mississippi River, he will support Captain D’s ongoing expansion throughout the country alongside longtime senior director of franchise development Steve Bielewicz, who is responsible for growing the company’s presence in the western region. “Captain D’s focus on flexible prototypes and cost-effective conversion opportunities is fueling increased interest from …

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FAT Brands Added 362 Stores to Development Pipeline in 2022

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc., a leading global franchising company that owns a number of restaurant brands, including Johnny Rockets, Fatburger, Round Table Pizza, Twin Peaks, Fazoli’s and 12 other concepts, has experienced a historic year of growth, opening 142 new stores in 2022 and adding a total of 362 stores to its development pipeline which spans 29 states and 17 countries. Leading the way in new store development amongst FAT Brands’ concepts was Fatburger and Buffalo’s Express with 86 stores, Fazoli’s with 61, Round Table …

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FAT Brands Reaches Milestone with 100th Store Opening in 2022

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc., a leading global franchising company that owns restaurant brands including Johnny Rockets, Fatburger, Round Table Pizza, Twin Peaks and 13 other concepts, has opened a record-breaking 100 new franchised locations so far this year, and is poised for further growth, with approximately 25 additional stores slated to open by year end. This is the first year since the company’s inception in 2017 that it has surpassed 100 openings in a year. Following a year of strategic acquisitions in 2021, the company …

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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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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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Fazoli’s Plans 5 New Restaurants in Columbia, South Carolina

by Katie Lee

Lexington, Ky. — Fazoli’s, an elevated QSR Italian chain, has signed a multi-unit deal with new franchisee Impact Hospitality Group. In addition to acquiring two existing locations in Columbia, S.C., the group also plans to develop five additional restaurants in and around the Columbia area over the next few years, with the first location slated to open in 2019.

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