Franchising

Captain D's signs 18 agreements to develop 43 locations

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November 9, 2021

Captain D's experienced a surge in franchise development so far in 2021, reporting 18 agreements to develop 43 locations in key markets nationwide over the next several years. Half of those agreements are with existing franchisees, whose success continues to be a driving force behind Captain D's accelerated growth, according to a press release.

"Captain D's momentum has been building all year, and as we've celebrated the openings of new restaurants throughout the country, we've also been steadily building our development pipeline to support our aggressive growth goals for years to come," Brad Reed, chief development officer for Captain D's, said in the release. "Existing operators representing such a significant portion of our development success this year is a true testament to the confidence they have in this brand and the unit economics. We look forward to continuing to support their growth."

Key states where Captain D's has recently signed multi-unit development agreements with existing franchisees include Florida and Georgia.

"The other half of our development growth this year has been with new franchisees," Reed said in the release. "Many of them are seasoned multi-unit operators who are attracted to our array of flexible prototypes and the way our unique seafood offering complements their existing portfolio. We are thrilled to welcome these new operators into our system, working with them to expand in both familiar and newer markets including Arkansas, Michigan, Florida, Oklahoma, Georgia and Ohio. Captain D's has performed well in new markets and continues to generate a lot of interest from operators looking to expand their portfolio with Captain D's."

Headquartered in Nashville, Tennessee, Captain D's has more than 540 restaurants in 23 states.