May 27, 2014 // Franchising.com // NASHVILLE, Tenn. - Following a record-breaking 2013, Captain D's has announced that it is embarking on a new growth strategy that will increase the number of company owned locations. It has been seven years since Captain D's added on to its corporate-restaurant portfolio.
The fast casual seafood chain, which is celebrating 45 years in business, has spent the last year focused on franchise development and has added several high-profile franchisees, such as Michael Knobelock who owns 47 Church's Chicken and 21 Little Caesars restaurants.
"We wanted to build a solid foundation for our franchise system before adding corporate stores. The strategy paid off, and we have signed several deals with proven franchise partners," Phil Greifeld, CEO and President of Captain D's said. "Now we are embarking on a corporate store development program that we can be proud of."
The growth initiative is another sign of Captain D's strength and strong unit economics.
In September, Captain D's will open its first location under the new corporate development program. The restaurant will be located in Five Points, Ala.
All of Captain D's new corporate locations will be built with the coastal-themed new image that resembles a seaside destination. The "Beach Design" also includes new menu boards, new dinnerware, and a newly reformulated equipment line.
In addition to the new ambiance, the restaurants will highlight D's New Fired Grilled menu, which includes Shrimp Skewers, Wild Alaskan Salmon, Seasoned Tilapia, and Surf and Turf (shrimp and beef skewers).
"The redesign and the menu innovation have been a winning combination. Together they have excited our existing customers and attracted new customers," added Greifeld.
Growing the Captain D's brand and customer base is the company's primary focus. Together, Captain D's corporate development and franchise development strategies will help the company do just that.
Headquartered in Nashville, Tennessee, Captain D's owns, operates and franchises 520 restaurants in 25 states, plus military bases around the world. Captain D's offers its customers great seafood at reasonable prices in a relaxed environment. The brand's restaurants serve a widely varied seafood menu that includes freshly prepared entrees, and the company's signature hand-battered fish which is prepared to order to ensure freshness. The restaurants also offer premium-quality, grilled fish, as well as shrimp, chicken, shrimp & beef kabobs, hushpuppies, desserts and freshly brewed, southern-style sweet tea, a Captain D's favorite. For more information, please visit www.captainds.com.
SOURCE Captain D's
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