Industry News | July 14, 2014

Moe’s Inks 120 New Franchise Deals in First Half of 2014

Moe’s Southwest Grill signed 120 new franchise deals in the first six months of 2014, a record-breaking high for the brand. Moe’s continues its aggressive expansion this year with new restaurants being developed in significant markets, such as Baltimore, Boston, Chicago, Cincinnati, Houston, Pittsburgh, and Salt Lake City.

This growth is fueled by both existing franchise partners as well as new partnerships with experienced, multiunit franchise partners with notable portfolios. Earlier this year, the company signed an 18-unit agreement in Northern California, and a 10-unit deal in Las Vegas. The first restaurants in these states are slated to open by year’s end.

This past June was the largest month for franchise sales in the history of the Moe’s brand. Additionally, the company has exhibited positive same-store sales for the last 19 consecutive quarters. 

“This is an exciting time to be a part of Moe’s; the high-level franchise partners we are attracting not only see Moe’s as a quality brand to add to their portfolios, but genuinely want to grow with the company,” says Paul Damico, president of Moe’s Southwest Grill. “The success we’ve experienced in the first half of 2014 gives us great momentum to build on for the rest of the year as we continue to expand and position ourselves as a national brand.”

News and information presented in this release has not been corroborated by QSR, Food News Media, or Journalistic, Inc.