Arby’s Restaurant Group, Inc. Acquires 19 Restaurants from Knoxville, TN Franchisee
June 28, 2016 // Franchising.com // ATLANTA - Arby’s Restaurant Group, Inc. (ARG), parent company of the franchisor of the Arby’s brand, has announced the acquisition of all 19 Arby’s® restaurants in the Knoxville, TN area previously operated by Arby’s franchisee T.G.J. & Co., Inc.
“Our family has been a part of the Knoxville business community for almost five decades. We have employed tens of thousands of great East Tennesseans who have been the basis for our success and have been further blessed with amazing support from the many more thousands of loyal guests whom we’ve had the pleasure of serving,” said Tom Johnson, III, Co-Owner, T. G. J. & Co., Inc. “Our family is looking forward to remaining actively involved in the Knoxville community and are pleased that ARG is committed to delivering the same great experience our patrons in Knoxville and the surrounding areas have grown to know and love.”
Tom Johnson, Jr. began the family-owned business when he opened his first Arby’s restaurant on May 20, 1968 at 6903 Kingston Pike Road in Knoxville. Johnson was one of Arby’s early franchisees and an original board member of ARCOP, Arby’s supply chain co-operative. His son, Johnson III, was active as an Arby’s Franchise Association (AFA) Board member for many years.
“T.G.J. & Co. and the Johnson’s have been outstanding operators and members of the Arby’s family for nearly 50 years,” said Paul Brown, Chief Executive Officer, Arby’s Restaurant Group, Inc. (ARG) “We are proud to become the stewards of this great business several generations of the Johnson family have worked so hard to build. We will deliver a seamless transition and continue Inspiring Smiles Through Delicious Experiences among Arby’s loyal guests in the Knoxville area.”
“It has been an honor to be able to experience and get to be a part of continuing what my grandfather started almost 50 years ago, said Carrie Gandy, Chief Financial Officer, T. G. J. & Co., Inc. and daughter of Johnson, III. “What I learned from him is that we are not just in the roast beef business, we are in the people business. The employees in the restaurants serving our guests everyday are the ones who have made us successful. We cherish each one of them and they will always be considered a part of our family.”
Arby’s remains on track with its goal to surpass $4 billion in total system-wide same-store sales (SSS) by the end of 2018. The Brand has achieved 22 consecutive quarters of SSS growth and 13 consecutive quarters of industry outperformance.
Arby’s, founded in 1964, is the first nationally franchised sandwich restaurant brand, with more than 3,300 restaurants worldwide. The Arby’s brand purpose is “Inspiring Smiles Through Delicious Experiences™.” Arby’s® restaurants feature Fast Crafted™ service, a unique blend of quick-serve speed and value combined with the quality and made-for-you care of fast casual. Arby’s Restaurant Group, Inc. is the parent company of the franchisor of the Arby’s brand and is headquartered in Atlanta, Ga. Visit Arbys.com for more information.
With the current growth and momentum of the Brand, Arby’s is actively seeking new franchisees. To learn more about available markets and requirements, visit DiscoverArbys.com.