Fazoli’s is launching an aggressive, five-prong franchise development program, building on record sales and brand enhancements ranging from a new premium menu to table service.
September 9, 2015
Fazoli’s is launching an aggressive, five-prong franchise development program, building on record sales and brand enhancements ranging from a new premium menu to table service, CEO Carl Howard said in a company press release.
"If ever there was a time to be a Fazoli’s franchisee, it is now," he said. "We’re outperforming the industry in sales per unit and have an exceptionally good franchise model. The brand’s franchisees in August continued their same-store sales streak, up 6.3 percent over last August. For the year, franchisees' sales are up 6.4 percent."
Fazoli’s was recently acquired by Sentinel Capital Partners, which is putting the brand on the franchising fast track, Howard said. A new incentive program is at the center of the strategy, giving new franchisees discounts of up to $20,000 off the initial $30,000 franchise fee. Royalties have been cut to 2 percent from 4 percent for the first year, and to 3 percent for the second year. Vendor fees also will be discounted for the first 12 months.