Industry News | February 21, 2017

Fazoli's Reports 4.9 Percent Same-Store Growth in January

Fazoli's announced another month of robust sales results for the brand's franchise restaurants. The Lexington, Kentucky-based company reported an impressive 4.9 percent same-store sales increase for its franchised locations in January. In addition, Fazoli's has been consistently breaking its own franchise sales records and has experienced 15 consecutive quarters of same-store sales growth.

"Fazoli's has gained incredible momentum over the past few years as we have been closely listening to guest and franchisee feedback, fine-tuning the dining experience and creating new reasons to love the brand," says Carl Howard, president and chief executive officer of Fazoli's. "That success is evident in our monthly sales numbers, in our new franchise agreements and in our busy dining rooms across the country. We are on a successful path with even more exciting developments ahead."

This strong performance is a result of a variety of factors, including the continuing brand refresh efforts such as restaurant remodels, enhancements to the catering program and an upgraded menu with premium ingredients. 2017 plans include additional restaurant redesigns and more customizable menu options made with simple, honest ingredients to accommodate ever-changing consumer preferences.

As a testament to its success, Fazoli's franchisees are experiencing nearly three times the industry average growth rate with new franchised restaurants continually setting new systemwide records. With nearly 220 restaurants in 25 states, Fazoli's is currently seeking single- and multi-unit operators to join its growing, successful franchise network and is targeting new markets including Atlanta, Charlotte, Cincinnati, Dallas, Detroit, Knoxville, Phoenix, Pittsburgh, and several other cities. Most recently, the brand launched a multi-unit franchise development incentive program available through June 30, 2017. New franchisees who 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. A reduced franchise fee is also available for new multi-unit agreements for three or more non-traditional units, including college campuses, airports and casinos.

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

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