Fazoli’s Signs 61 New Locations and Earns Eight Top Honors in 2022

Fazoli's Signs 61 New Locations and Earns Eight Top Honors in 2022

The nation’s largest Italian QSR brand celebrates 2022 with new area development agreements and top industry accolades

Fazoli's Signs 61 New Locations and Earns Eight Top Honors in 2022Lexington, KY  (Restaurant News Release)  Fazoli’s, the nation’s premier quick-service Italian chain known for its craveable Italian dishes and unmatched value, concluded 2022 with eight new store openings and 18 development agreements while solidifying its award-winning status with top industry outlets by earning multiple honors.

Fazoli’s fans were excited earlier this year when the brand announced its highly-anticipated return to Phoenix, Arizona; Dallas, Texas; Reno, Nevada; and Salt Lake City, Utah. In addition, the brand announced they plan to make their Pennslyvania and Louisiana debut and develop additional locations in several existing markets including Florida, Georgia, Indiana, Kentucky, North Carolina, South Carolina, South Dakota and Texas.

Throughout the past year, the award-winning franchise opened eight new locations in 2022, including Dublin, Virginia; Panama City, Florida; Fort Payne, Alabama; Wilkesboro, North Carolina; McMinnville, Tennessee; Plant City, Florida; Little Rock, Arkansas; and Tampa, Florida.

After a year full of growth, the brand has repeatedly ranked on notable lists from Restaurant BusinessFranchise Business ReviewNation’s Restaurant NewsAmerican Business Awards and more.

Throughout the year, Fazoli’s was ranked multiple times by Franchise Business Review as an Award-Winning Franchise. As a result of the high owner satisfaction rates, the brand was named as a Recession-Proof Franchise, showing a high potential to perform well during volatile financial market conditions. Fazoli’s was also included on the Top Franchise Opportunities list and named one of 2022’s Most Profitable Franchises.

In Fast Casual’s Top 100 Movers and Shaker’s list, Fazoli’s ranked at No. 7 in the Top 75 brands that showcase innovation, nimbleness and creativity, in addition to expansion rate and profitability.

Fazoli’s sales were recognized by Restaurant Business, as the concept came in at No. 131 in the publication’s Top 500 Restaurants list, measured by the largest restaurant concepts in the United States in terms of systemwide sales. Nation’s Restaurant News similarly placed Fazoli’s at No. 143 on its Top 500 Restaurants list.

“We’re incredibly thrilled and humbled by our success and the honors the brand has received this year,” said President Doug Bostick. “The awards are a testament to Fazoli’s commitment to excellence and the highest standards of quality and service. New franchise partners have taken notice and we’re expecting 2023 to be yet again another strong year of strategic growth for Fazoli’s.”

For more information on Fazoli’s, visit www.fazolis.com.

Fazoli's franchise

About Fazoli’s: Fast. Fresh. Italian.

Fazoli’s franchises and owns 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 was named one of the “Top 50 Global Fast Casual Innovators in 2021” by Foodable, a “Top 200 Franchises in 2021” by Franchise Business Review, a FastCasual “Brand of the Year,” and an Entrepreneur 2018 “Franchise 500.” CEO Carl Howard was named among the most influential restaurant CEOs in the country in 2020 by Nation’s Restaurant News, was recognized as one of the top 25 industry leaders on FastCasual’s 2021 Top 100 Movers and Shakers list, and he and his team were recipients of the 2021 American Business Awards Gold Stevie Awards in Food & Beverage for Company of the Year and Achievement in Management.

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 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. Forward-looking statements reflect expectations of FAT Brands Inc. (“we”, “our” or the “Company”) 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 we file from time to time with the Securities and Exchange Commission, such as our 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.

Laron Roland