Lexington, KY – With 11 straight months of record-breaking sales under its belt, Fazoli’s is continuing its winning streak by adding a new franchise development milestone to its impressive list of recent achievements.
Fazoli’s CEO Carl Howard announced today that the company has signed 11 area development agreements in Q1 alone. Through this record-setting accomplishment, the iconic Italian brand added 36 new locations to its pipeline throughout California, Florida, Kansas, Oklahoma and Tennessee. During Fazoli’s fiscal year, which just ended, the brand signed a record-setting 20 new franchise agreements to develop 50 locations. This number surpasses the most agreements the brand has signed in a single year in its 33-year history. Additionally, over the last seven months, Fazoli’s has hosted 19 Discovery Days for prospective franchisees to meet with its leadership team and learn more about becoming an operator for the brand. The brand is poised to continue its historic growth.
“To say we came out of the gate strong in Q1 would be an understatement,” Howard said. “Our team has been focused on our aggressive growth strategy and capitalizing on opportunities to add new franchisees to the Fazoli’s Family. On the heels of our most successful year in brand history, and with Q1 sales following this monumental trend, new and existing franchisees across the country are certainly noticing that Fazoli’s is an industry leader with a strong future.”
Fazoli’s franchise agreements in Q1 were fueled, in large part, by the brand’s unrivaled conversion strategy. Since June, the brand has been maximizing development through its 2020 Franchise Incentive Program, which encourages challenged quick-service or fast-casual restaurant operators to convert their existing shells into a Fazoli’s. With the conversion incentive, franchisees can sign a short five-year term, versus the typical 15-year commitment, with zero down payment, zero franchise fees and zero royalty fees in the first year. Fazoli’s also relaxed many of its conversion requirements so operators can get a 2,000- to 3,500-square-foot restaurant open for under $350,000.
New and current franchisees are taking advantage of the conversion opportunity. Fazoli’s kicked off 2021 with three grand openings in Clermont, Florida; Statesboro, Georgia; and Sioux City, Iowa. Two of the three new locations were conversions. The brand has 11 conversions targeted for the new fiscal year, with even more on the horizon. For the remainder of 2021, Fazoli’s is on track for a record-breaking number of openings with 10 to 15 new locations expected to open during the calendar year.
“There has never been a better time to join the Fazoli’s Franchise Family,” Howard said. “What we’re doing on the development side is clearly working. With our aggressive conversion strategy that offers compelling incentives, Fazoli’s franchise interest is undoubtedly at an all-time high. Couple our unmatched conversion strategy with 11 months of double-digit month-over-month sales, and you get a best-in-class brand with staying power.”
Source: Restaurant News Release
More food and dining news
- New York and New Jersey are both home to the English muffin pizzaIf you grew up in New York or New Jersey, chances are you’ve got a soft spot for English muffin pizzas. While these tiny and delicious pizzas are known around the country, it’s New Jersey and New York where they have become household traditions that bring back fond childhood memories. They are even a go-to
- Bagels meet burritos at Casa Oaxaca Mexican fusion in Brick TownshipBRICK TOWNSHIP, N.J. — A unique blend of bagels and bold Mexican flavors has officially landed in Brick Township, with the grand opening of Casa Oaxaca Bagels and Mexican Fusion drawing local leaders and residents alike over the weekend. Mayor Lisa Crate and Councilwoman Heather deJong attended the ribbon cutting at the new establishment, located
- Hot wings, hot temper: D.C. man assaults deputy after spicy outburst at Wingstop, police saySTAFFORD, VA — A Washington, D.C. man was arrested Saturday after allegedly attacking a sheriff’s deputy during a heated confrontation over his wing order at a Stafford County Wingstop. Key Points: Verbal altercation turns physical According to the Stafford County Sheriff’s Office, deputies were dispatched to the Wingstop at 28 South Gateway Drive around 2:27
- New Jersey Pizzeria Ordered to Remove Famous Star’s Named Pizza Pie from MenuTOMS RIVER, N.J. — A New Jersey pizzeria has renamed one of its popular menu items after receiving a legal notice from attorneys representing international film star Sophia Loren, who objected to the unauthorized use of her name. The owner of the pizzeria just announced this week why he is complying with the order. Key
- Mullica Hill, the Amish Capitol of New Jersey and Why You Should VisitNestled in the charming town of Mullica Hill, New Jersey, the Mullica Hill Amish Market is a delightful destination that brings the wholesome flavors of Lancaster County, Pennsylvania, straight to South Jersey. Since opening its doors in 2006, this bustling market at 108 Swedesboro Road has become a beloved staple for locals and a must-visit