Monday, November 18, 2024
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Hurricane Grill & Wings

franchise developmentNewsrestaurants

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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franchise developmentNewspeoplerestaurants

Famous Toastery Hires New VP of Franchise Development

by Katie Lee

Charlotte, N.C. — Eric Gustafsson has been named the new vice president of franchise development for Famous Toastery. He will play an instrumental role in supporting incoming franchise owners as the brand moves closer to achieving its goal of reaching 50 units — doubling its current footprint — by 2024. Gustafsson brings many years of experience in the restaurant and franchising industries. Most recently, Gustafsson worked as director of business development for REEF, a global ghost kitchen technology company with 400 operations throughout the world. Prior to that, Gustafsson worked …

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franchise developmentNewsrestaurants

Hurricane Grill & Wings Makes Debut in California

by Katie Lee

Chula Vista, Calif. — FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Hurricane Grill & Wings and eight other restaurant concepts, has opened Hurricane Grill & Wings in Chula Vista, Calif. This marks the restaurant brand’s first location in California and its first fast-casual restaurant concept nationwide. “We are excited to expand fan-favorite Hurricane Grill & Wings into the California market,” says Andy Wiederhorn, CEO of FAT Brands. “While we have had great success with our full-serve model, we see a huge appetite and demand for a fast-casual experience …

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Newsrestaurants

FAT Brands Plans to Acquire Johnny Rockets for $25 Million

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. has agreed to acquire the Johnny Rockets restaurant chain from an affiliate of private equity firm Sun Capital Partners, Inc. for approximately $25 million. The deal will be funded through cash on hand and proceeds generated from the company’s securitization facility. The purchase is expected to be completed in September 2020. With the acquisition of Johnny Rockets, FAT Brands will have more than 700 franchised and company-owned restaurants around the globe. Johnny Rockets was founded in 1986 with its first location …

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