America’s largest premium QSR Italian chain signs seven area development agreements, adding 22 new locations across the country to rapidly growing pipeline
Lexington, KY (Restaurant News Release) Fazoli’s is carrying the momentum from its high-performing Q1 into the summer as it closed out another successful quarter of driving robust franchise growth across the country.
President Doug Bostick announced today that the iconic Italian brand signed seven area franchise development agreements in the second quarter for 22 new locations, putting Fazoli’s unit count even closer to the 250-unit benchmark. The agreements will result in openings in five existing states — Florida, Georgia, North Carolina, South Carolina and Texas — in addition to a long-awaited return of Fazoli’s in Nevada and Utah.
“We’re thrilled to bring Fazoli’s craveable Italian flavors to existing and new markets across the country,” Bostick said. “Fazoli’s structured model provides our franchisees with the tools they need to succeed. With a proven drive-thru strategy and concept, a digital-forward infrastructure and a value-driven menu that fans crave, Fazoli’s continues to thrive. Our franchisees have reported impressive sales numbers across the system, and we can’t wait to continue to grow our best-in-class brand across the country!”
Nearly 85% of all candidates who take part in a discovery day sign on to join the Fazoli’s Franchise Family. Last year, Fazoli’s signed a record 25 new groups for 75 locations. Building on its fast-paced franchise momentum, Fazoli’s has received several industry accolades, including being named No. 7 on Fast Casual’s “2022 Top 100 Movers & Shakers List,” and one of Franchise Business Review’s “Recession-Proof Franchise Investments” for 2022.
About Fazoli’s: Fast. Fresh. Italian.
Founded in 1988 in Lexington, Ky., Fazoli’s owns and operates nearly 220 restaurants in 27 states, making it the largest premium QSR Italian chain in America. Fazoli’s prides itself on serving premium quality Italian food, fast, fresh and friendly. Menu offerings include freshly prepared pasta entrees, Submarinos® sandwiches, salads, pizza and desserts – along with its unlimited signature breadsticks. Fazoli’s is a winner of FastCasual and Steritech’s 2020 Excellence in Food Safety Award and ranked number seven on FastCasual’s “Top 100 Movers and Shakers” list in 2022. Additionally, it was named to Technomic’s “Top 500 Chain Restaurant Report” in 2022, selected as one of the “Top 50 Global Fast Casual Innovators in 2021” by Foodable, a “Top 200 Franchises in 2021” by Franchise Business Review, and an Entrepreneur 2018 “Franchise 500.” Fazoli’s was a recipient of the 2021 American Business Awards Gold Stevie Awards in Food & Beverage for Company of the Year.
About FAT (Fresh. Authentic. Tasty.) Brands
FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. The Company currently owns 17 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises and owns over 2,300 units worldwide. For more information on FAT Brands, please visit www.fatbrands.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the timing and performance of new store openings and growth in same-store sales. Forward-looking statements reflect expectations of management concerning the future and are subject to significant business, economic and competitive risks, uncertainties and contingencies, including but not limited to uncertainties surrounding the severity, duration and effects of the COVID-19 pandemic. These factors are difficult to predict and beyond our control, and could cause our actual results to differ materially from those expressed or implied in such forward-looking statements. We refer you to the documents that are filed from time to time by FAT Brands Inc. with the Securities and Exchange Commission, such as its reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other factors. We undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date of this press release.