The nation’s largest Italian QSR brand executes agreement to open nine locations in Phoenix by the end of 2024
Lexington, KY (RestaurantNews.com) Fazoli’s growth trajectory for 2022 is off to a strong start as the iconic Italian brand inked a highly anticipated multi-unit franchise deal resulting in massive westward expansion.
Fazoli’s President Doug Bostick announced today that the company has executed an area development agreement with Kind Hospitality President and CEO Nava Singam to bring Fazoli’s back to the Phoenix market with nine area locations to open in three years. Singam joins the Fazoli’s family with nearly two decades of industry experience, and a franchise portfolio spanning 29 locations across six different brands – including Panera Bread, Macayo’s Mexican Food, Virtu Honest Craft, O.H.S.O. Brewery, Barrio Brewing Co. and Copper Plate, an American Grill.
“We’re so excited to be bringing Fazoli’s back to Phoenix and proud to partner with a talented multi-unit operator like Nava,” Bostick said. “Over the years, we’ve regularly received hundreds of requests to bring Fazoli’s back to the Phoenix area, so we can’t wait to return to this market. We’re kicking off our growth with Kind Hospitality in a significant way, and this is only the beginning.”
Singam discovered Fazoli’s when he lived in Flagstaff, Arizona in the late 1990s. He continued following the brand over the years and was impressed by Fazoli’s evolution and response to consumers’ ever-changing dining habits. Specifically, Singam has taken note of Fazoli’s dedication to menu innovation – from the addition of Snacks & Shareables to wings and premium baked dishes – which has resulted in his new favorite item. Fazoli’s first Phoenix restaurant will open in fall 2022, with the remaining eight to open by the end of 2024.
“Fazoli’s is poised for strong growth in the Phoenix market and we’re excited to bring back this best-in-class brand,” Singam said. “The brand has elevated all aspects of the guest experience, from new menu items to the exceptional tableside service. This brand continues to adapt and live up to its mantra of giving guests exactly what they crave, how and when they want it.”
About FAT (Fresh. Authentic. Tasty.) Brands
FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. The Company currently owns 17 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises over 2,300 units worldwide. For more information on FAT Brands, please visit www.fatbrands.com.
About Fazoli’s: Fast. Fresh. Italian
Founded in 1988 in Lexington, Ky., Fazoli’s owns and operates nearly 220 restaurants in 27 states, making it the largest premium QSR Italian chain in America. Fazoli’s prides itself on serving premium quality Italian food, fast, fresh and friendly. Menu offerings include freshly prepared pasta entrees, Submarinos® sandwiches, salads, pizza and desserts – along with its unlimited signature breadsticks. Fazoli’s is a winner of FastCasual and Steritech’s 2020 Excellence in Food Safety Award and was named one of the “Top 50 Global Fast Casual Innovators in 2021” by Foodable, a “Top 200 Franchises in 2021” by Franchise Business Review, a FastCasual “Brand of the Year,” and an Entrepreneur 2018 “Franchise 500.” Fazoli’s was a recipient of the 2021 American Business Awards Gold Stevie Awards in Food & Beverage for Company of the Year and Achievement in Management.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the timing and performance of new store openings and growth in same-store sales. Forward-looking statements reflect expectations of FAT Brands Inc. (“we”, “our” or the “Company”) concerning the future and are subject to significant business, economic and competitive risks, uncertainties and contingencies, including but not limited to uncertainties surrounding the severity, duration and effects of the covid-19 pandemic. These factors are difficult to predict and beyond our control, and could cause our actual results to differ materially from those expressed or implied in such forward-looking statements. We refer you to the documents that we file from time to time with the Securities and Exchange Commission, such as our reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other factors. We undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date of this press release.
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