Fazoli's sets franchise sales record
Fazoli's has set a franchise sales record for its fiscal 2017 year ending March 31, signing agreements develop 30 restaurants with 13 franchise groups. This includes six deals with new franchisees and seven who are expanding with multiple units, according to a company press release. The agreement represents a 550-percent growth rate for new agreements over the previous fiscal year. Additionally, the company has experienced 16 consecutive quarters of same-store sales growth at its franchise-owned restaurants.
"Fazoli's fiscal 2017 results speak volumes about what our company has been able to accomplish by listening to customer feedback and working with our franchisees to achieve our mission of quality and hospitality in each of our restaurants," said Carl Howard, president and chief executive officer of Fazoli's. "We set 78 new franchise sales records, which tells me Fazoli's is delivering on our brand promise and has tremendous momentum going into this next fiscal year."
With nearly 220 restaurants in 25 states, Fazoli's also set new records for average unit volume in fiscal 2017, including a record AUV month in March 2017, according to the release. Those accomplishments were followed in April with the announcement that the company will be removing all artificial sweeteners, flavors, preservatives and colors from its entire food menu, making it the first national brand under 1,000 units to offer a completely clean food menu. Fazoli's supply chain is currently 80 percent clean of all artificial ingredients, and on June 19, will be completely clean of all artificial sweeteners, flavors, preservatives and colors.
Additionally, the brand will roll out a new menu in its 122 company-owned locations across the country starting June 19, with the remaining 91 and all new franchised locations featuring the newly upgraded menus in January 2018. A new, contemporary look and feel is also coming to the interior design this summer, with Fazoli's remodeling select locations to create a better customer experience for its guests, according to the release
Fazoli's is seeking single- and multi-unit operators. Earlier this year, the brand launched a multi-unit franchise development incentive program available through June 30, 2017. New franchisees that sign a new multi-unit agreement for three or more locations will receive reduced franchise and royalty fees for the first two years of operations, according to the release. A reduced franchise fee is also available for new multi-unit agreements for three or more non-traditional units, including those on college campuses or in airports and casinos.
Topics: Franchising & Growth