June 11, 2013
Schlotzsky's recently signed a franchise agreement to open 55 restaurants in seven countires formerly part of the U.S.S.R., including Russia, Belarus, Estonia, Kazakhstan, Latvia, Lithuania and Ukraine.
The contract was awarded to Moscow-based entrepreneur Mehmet Akpinar, who plans to open the first restaurant in Moscow. The remaining locations are expected to open over the next 10 years.
"This is a time-tested brand that has the ability to bring people together, from all walks, in their love for Schlotzsky's sandwiches," said Akpinar, who currently owns Pegas Touristik, a large tour operator, as well as the newly formed Golden International Management Services Ltd. "After looking at the international success of (parent company) Focus Brands' restaurants and the available market share for a restaurant like Schlotzsky's in these countries, it seemed like a natural fit for us."
Mike Shattuck, president of Focus Brands International, said this is one of the more significant agreements the company has signed.
"This is a huge deal for us. We love expanding the Schlotzsky's brand with entrepreneurs like Mehmet, who understand the complexities, challenges and rewards of operating a company within their respective countries," he said.
Existing international Schlotzsky's franchise locations are in Azerbaijan, Turkey and South Africa.
Read more about franchising and growth.