Iconic Italian model indicators document 20 agreements in a 12 months – 11 in Q1 alone – so as to add 50 areas to pipeline
Lexington, KY (RestaurantNews.com) With 11 straight months of record-breaking gross sales underneath its belt, Fazoli’s is continuous its successful streak by including a brand new franchise growth milestone to its spectacular checklist of current achievements.
Fazoli’s CEO Carl Howard introduced right this moment that the corporate has signed 11 space growth agreements in Q1 alone. By way of this record-setting accomplishment, the enduring Italian model added 36 new areas to its pipeline all through California, Florida, Kansas, Oklahoma and Tennessee. Throughout Fazoli’s fiscal 12 months, which simply ended, the model signed a record-setting 20 new franchise agreements to develop 50 areas. This quantity surpasses probably the most agreements the model has signed in a single 12 months in its 33-year historical past. Moreover, over the past seven months, Fazoli’s has hosted 19 Discovery Days for potential franchisees to fulfill with its management group and be taught extra about turning into an operator for the model. The model is poised to proceed its historic progress.
“To say we got here out of the gate sturdy in Q1 could be an understatement,” Howard mentioned. “Our group has been centered on our aggressive progress technique and capitalizing on alternatives so as to add new franchisees to the Fazoli’s Household. On the heels of our most profitable 12 months in model historical past, and with Q1 gross sales following this monumental pattern, new and present franchisees throughout the nation are actually noticing that Fazoli’s is an trade chief with a powerful future.”
Fazoli’s franchise agreements in Q1 have been fueled, largely, by the model’s unequalled conversion technique. Since June, the model has been maximizing growth by way of its 2020 Franchise Incentive Program, which inspires challenged quick-service or fast-casual restaurant operators to transform their present shells right into a Fazoli’s. With the conversion incentive, franchisees can signal a brief five-year time period, versus the everyday 15-year dedication, with zero down cost, zero franchise charges and 0 royalty charges within the first 12 months. Fazoli’s additionally relaxed a lot of its conversion necessities so operators can get a 2,000- to three,500-square-foot restaurant open for underneath $350,000.
New and present franchisees are benefiting from the conversion alternative. Fazoli’s kicked off 2021 with three grand openings in Clermont, Florida; Statesboro, Georgia; and Sioux Metropolis, Iowa. Two of the three new areas have been conversions. The model has 11 conversions focused for the brand new fiscal 12 months, with much more on the horizon. For the rest of 2021, Fazoli’s is on monitor for a record-breaking variety of openings with 10 to fifteen new areas anticipated to open throughout the calendar 12 months.
“There has by no means been a greater time to affix the Fazoli’s Franchise Household,” Howard mentioned. “What we’re doing on the event facet is clearly working. With our aggressive conversion technique that provides compelling incentives, Fazoli’s franchise curiosity is undoubtedly at an all-time excessive. Couple our unmatched conversion technique with 11 months of double-digit month-over-month gross sales, and also you get a best-in-class model with endurance.”
For extra details about franchise alternatives, go to ownafazolis.com or contact Senior Director of Franchise Gross sales Steve Bailey at steve.bailey@fazolis.com.
About Fazoli’s
Based in 1988 in Lexington, Ky., Fazoli’s owns and operates almost 220 eating places in 28 states, making it the biggest premium QSR Italian chain in America. Fazoli’s prides itself on serving premium high quality Italian meals, quick, contemporary and pleasant. Menu choices embrace freshly ready pasta entrees, Submarinos® sandwiches, salads, pizza and desserts – together with its limitless signature breadsticks. Fazoli’s is a winner of FastCasual and Steritech’s 2020 Excellence in Meals Security Award and was named one of many “High 200 Franchises in 2021” by Franchise Enterprise Evaluation, a FastCasual “Model of the 12 months,” and an Entrepreneur 2018 “Franchise 500.” CEO Carl Howard was named among the many most influential restaurant CEOs within the nation in 2020 by Nation’s Restaurant Information, was acknowledged as one of many high 25 trade leaders on FastCasual’s 2020 High 100 Movers and Shakers checklist, and he and his group have been recipients of the 2020 American Enterprise Awards Gold Stevie Awards in Meals & Beverage for Firm of the 12 months, Achievement in Administration and Human Assets Workforce of the 12 months.
Contact:
Cami Studebaker
Champion Administration
972-930-9933
cstudebaker@championmgt.com