Church’s Chicken will be engaging in a significant domestic expansion with a new franchising deal in the Southeast. The new franchisee, Richard Reeves of Florida Chicken LLC, recently secured the rights to open 10 new restaurants with financial backing provided by American Development Partners (ADP). New markets slated for development include multiple restaurants in Tampa, St. Petersburg, and Orlando, with another 10-restaurant deal expected to follow in 2021.
“This is an exciting move for us all,” says Reeves. “There’s no doubt Church’s dynamic brand will bring tremendous value to our market.”
Reeves has over 30 years of experience in the restaurant and commercial residential development industries including franchise development. He serves as President and CEO of Tap House Development, LLC, which owns 11 World of Beer franchises in several states. He has also served as SVP of KJ Enterprises, a 34-unit franchisee operator of Chi Chi’s Mexican Restaurants and was also a District Director at KFC and operated 58 KFC restaurants.
Together with their financing partner, ADP, the new franchisees will open the first of their new Church’s restaurants in April 2017—with the rest to follow over the next five years. At that time, in 2021, the group plans to pursue development of 10 additional Church’s restaurants over the following five years.
“For both American Development Partners, and our business partners, Florida Chicken LLC, this deal marks a significant step forward,” says Caleb McMillen, chief operating officer for ADP. “After the initial roll, out of units, we’ve estimated the value from design, construction and real estate to be worth more than $25,000,000.00.”
The ADP group is a full-service development and private equity firm with a unique 100 percent turnkey model for funding that is ideal for multi-unit operators.
“Restaurant developers like Florida Chicken LLC and ADP reflect Church’s commitment to first-rate branding, and smart business,” says Bill Schreiber, vice president of Global Business Development at Church’s Chicken/Texas Chicken. “We’re looking forward to the impact Florida Chicken LLC will have on the Florida communities they’ll serve.”