Fazoli’s Signs 11th Franchise Deal Marking 29 New Locations in Development

By: Fazoli's Restaurants | 0 Shares 112 Reads

October 13, 2021 // Franchising.com // LEXINGTON, Ky. - Fazoli’s is bringing more of its craveable, premium Italian dishes to fans across the country with its latest development agreements.

President and CEO Carl Howard announced today that the iconic Italian brand signed four franchise agreements with three new franchisees and one existing franchisee. The new deals will result in 10 locations throughout Florida, Georgia, North Carolina and South Dakota. Fazoli’s will open locations in major markets like Orlando, and south Atlanta, along with Greenville and Wilmington, North Carolina. The brand continues to expand, with an existing franchisee signed on to add a second location in South Dakota. With the four latest agreements, Fazoli’s now sits at 11 franchise signings for 29 locations.

Fueled by its historic sales success, continual culinary innovation, and technology and equipment enhancements, the latest franchise deals serve as another achievement in Fazoli’s monumental development performance in 2021. The brand saw unprecedented sales success, despite the pandemic, and has kept their foot on the gas with comparable system sales of +20% over the last year, among the highest in the industry. Fazoli’s ended its fiscal year in March, with a record 20 new franchise agreements to develop 50 locations, exceeding the most agreements Fazoli’s had signed in a single year in its 33-year history. The brand just opened its ninth location and is on track to close out FY22 with 15 openings.

AUVs have never been higher, and potential franchisees are taking notice, driving leads up over 45% for the quarter. Nearly 75% of all candidates who take part in a discovery day sign on to join the Fazoli’s Franchise Family. Since the launch of its conversion incentive last June, 20 new franchisees have signed with the brand to take advantage of the incredible opportunity.

Fazoli’s record-setting success has not gone unnoticed, with the brand receiving the industry’s top honors, including being named a “Top Franchise Deal in 2021” by QSR Magazine, one of the “Top 50 Global Fast Casual Innovators in 2021” by Foodable and a “Top 200 Franchises in 2021” and “Most Profitable Franchises in 2021” by Franchise Business Review.

Fazoli’s: Fast. Fresh. Italian.

SOURCE Fazoli's

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