550% growth rate for new agreements
LEXINGTON, Ky. (May 12, 2017) — Fazoli’s today announced a record-setting finale to its fiscal 2017 year ending March 31, including agreements signed to develop 30 new restaurants with 13 franchise groups.
This includes six new franchisees to the brand and seven who are expanding with multiple units and represents a 550 percent growth rate for new agreements over the previous fiscal year.
Fazol’s has now experienced 16 consecutive quarters of same-store sales growth at its franchise-owned restaurants.
With nearly 220 restaurants in 25 states, Fazoli’s also set new records for average unit volume in fiscal 2017, including a record AUV month in March.
Additionally, the brand will roll out a new premium menu in its 122 company-owned locations across the country starting June 19, with the remaining 91 and all new franchised locations featuring the newly upgraded menus in January 2018. A new, contemporary look and feel is also coming to the interior design this summer, with Fazoli’s remodeling select locations to create a better customer experience for its guests.