Fazoli’s Still Strong Despite Recent Restaurant Industry Analysis
Although recent analyses by industry analysts suggest that a U.S. restaurant recession could be upon us, we at Fazoli’s are proud to announce that our franchise is continuing to experience record growth and remains on a path towards achieving even greater success!
A recent article by Fox Business discusses the reality that is reduced earnings and restaurant closures for many well-known brands, however, despite this, our franchise is still boasting incredible numbers! With about 220 active restaurants throughout the U.S., we have seen 13 consecutive quarters of same-store sales growth, and just recently we signed nine multi-unit and single-unit franchise agreements to develop 22 more restaurants. In fact, our franchisees are experiencing three times the industry average growth rate, and we believe that we’re headed in a direction that will result in our brand becoming even stronger!
Now we know what you may be about to ask – considering the turn of events for other restaurants, what is it that keeps successful restaurants like ours alive? One reason could be that our chain is a franchise.
As was reported by Fox Business, in early 2016, the International Franchise Association predicted that this year, franchise businesses will add 278,000 jobs, totaling 9.1 MILLION people being employed – compared to 2015, that’s a 3.1% growth! However, that’s not all – the IFA also suggests that the franchise industry will see a 3% increase from last year in Gross Domestic Product.
If you ask us, following the franchise model, taking an approach that focuses on keeping our customers happy, consistently looking for new opportunities to grow, and having a leadership team filled with people that are extremely passionate about what they do, has a lot to do with our success during this time!
Join the Fazoi’s Team
There’s no better time than now to get involved with our franchise, and we can prove it! Aside from the success seen through our same-store sales growth, this year we were also awarded the Gold Stevie® Award for Company of the Year – Food and Beverage, were named #13 on Fast Casual’s “Brand of the Year” list, and announced an upgraded menu that not only meets, but also exceeds, the wants and needs of our customers (that’s not all though; more on our history and accomplishments here). Let’s also not forget about the incredible training and support that we offer too!
For more information about our current franchise opportunities, contact Sam Nelson at 1-800-446-4368 or fill out our information request form online.
- Our franchisees are enjoying record sales with over two years of same store sales growth!
- Flexible footprint with inline, freestanding, and conversion options.
- Highly regarded by customers and the foodservice industry.
- Recently expanded Real Estate support.