Fazoli’s franchisees continued to report record sales growth in July, with average unit volumes exceeding $1 million.
August 24, 2015
Fazoli’s franchisees continued to report record sales growth for July, with average unit volumes exceeding $1 million, according to a company press release. Franchise operators’ sales have been up consistently for more than five years, with increases in 61 of the last 64 months. In July, franchise sales were up 4.9 percent year-over-year, on a 3.9 percent jump in traffic, and 45 franchise sales records have been set since April, said Carl Howard, president and CEO since 2008.
“There’s tremendous interest in fast-casual concepts, and we are the only Italian player," he said. "That, combined with our unit economics, makes Fazoli’s really stand out from the crowd.” Fazoli’s was acquired last month by Sentinel Capital Partners, which looks to expand the brand’s footprint through franchising. An aggressive franchise development program that will include incentives for new and current operators is currently being finalized and will be launched early next month. A number of existing and new markets will be targeted.