- Pet Wants Reports Strong Mid-Year Momentum with 10 New Franchise Signings
(1851franchise.com - 8/16/2023) The company reported healthy mid-year momentum with the signing of 10 new franchisees in the first half of 2023, and plans to potentially double this growth, with 28 new signings and between 6 and 10 new retail openings, by the end of the year. (full story)
- What Lies in Store for Brick-and-Mortar Retail as It Approaches $4.2 Trillion?
(retailwire.com - 8/16/2023) Reports of brick-and-mortar’s death, dubbed the retail apocalypse during the height of the COVID-19 pandemic, were greatly exaggerated. (full story)
- Chili's Plans to Spend a Lot of Time on Your TV Screen
(fsrmagazine.com - 8/16/2023) In Q4, Chili's opened seven restaurants, bringing the 2023 total to 14. Recent store debuts have consistently set sales records. The goal for 2024 is 12 openings. The brand finished the fiscal year with 1,231 domestic and 374 international locations. (full story)
- Fogo de Chão to be Sold to Bain Capital
(fsrmagazine.com - 8/15/2023) Fogo is prepared for worldwide expansion opportunities in places like Ecuador, Turkey, Rhode Island, and Northern California. This year, it has signed 12 domestic and international leases and opened in Washington, Maryland, California, and New Jersey. (full story)
- Noodles & Company to Enter Two New Markets with Multi-Unit Franchise Deals in Texas and Arkansas
(restaurantnews.com - 8/15/2023) Paven Sandhu, and her husband and business partner, Navi Sandhu, who signed an agreement to open four new restaurants in Northwest Arkansas. Meanwhile, in Texas, seasoned restauranteur Syed Ahmad signed an agreement to bring 20 Noodles & Company restaurants to the Dallas market. (full story)
- Ziggi's Coffee Opens Three Locations in Colorado
(qsrmagazine.com - 8/15/2023) "Opening three Ziggi's locations on the same day, including our 75th store, is an exhilarating milestone,” says Brandon Knudsen, Ziggi’s CEO and Co-founder. (full story)
- Buc-ee’s Coming to Mississippi, Ohio
(cspdailynews.com - 8/15/2023) Mega-convenience-store chain Buc-ee’s Ltd. will break ground on a new travel center in Harrison County, Mississippi, on Sept. 13, its first in the state, the company has announced. (full story)
- Retail space demand rises for the 10th straight quarter
(chainstoreage.com - 8/15/2023) Demand for space increased in single-tenant properties as well as in strip, power, and neighborhood centers. The only retail real estate sectors posting declines were malls in Class B and C markets. (full story)
- Lansing’s Biggby Coffee on Track to Have 500 Stores by Year’s End
(dbusiness.com - 8/14/2023) Biggby Coffee, based in Lansing, currently has more than 360-unit coffeehouse franchises and has seen 43 new franchise agreements signed and 31 new stores opened so far this year. (full story)
- Huddle House Franchise Expands with Multi-Unit Agreement in Arkansas
(einnews.com - 8/14/2023) "We are excited to announce Huddle House's expansion in Arkansas," said Troy Tracy, Brand President and Chief Operating Officer for Huddle House. "Our new franchise owners, Sarah and Jason Everett, are deeply rooted in their community, and we can’t wait to be a part of their journey as they bring Huddle House to Arkansas.” (full story)
- Burger joint Rodeo Goat expanding in the Dallas area with a location in Denton this fall
(dallasnews.com - 8/11/2023) This will be the ninth location for Rodeo Goat, and comes after the recent openings in Casa Linda in East Dallas, in the old Highland Park Cafeteria spot, and in Frisco in 2022. Other restaurants are in Plano, Rockwall, Coppell, Fort Worth, the Dallas Design District, and Houston. (full story)
- The Joint Corp. Reports Second Quarter 2023 Operating Highlights
(franchising.com - 8/11/2023) Grew total clinic count to 890, 756 franchised and 134 company-owned or managed, up from 870 clinics at March 31, 2023. Opened 23 franchised clinics and three company-owned or managed greenfield clinics, for a total of 26 new clinics, as compared to 34 new clinics in Q2 2022. (full story)
- Spirit Halloween to Open 1,500 Stores in 2023
(costar.com - 8/11/2023) The retailer, which is celebrating 40 years in business, temporarily leases storefronts that are typically 5,000 square feet to 50,000 square feet to build out a brick-and-mortar footprint for the Halloween season leading up to the spooky annual holiday celebrated on Oct. 31. (full story)
- Tint World Plans Strategic Development in North/South Carolina
(aftermarketnews.com - 8/11/2023) Under the agreement, Shawn McMaster, Jaysen McMaster Forman and Candi Krueger, will open three additional locations in North Carolina (Asheville, Weddington, Winston-Salem) and three in South Carolina (Columbia, Greenville, Spartanburg) in the next several years. (full story)
- Unleashed Brands Secures $100M in Capital for New Franchise Locations
(ksla.com - 8/11/2023) Primary brands being targeted under the new program are brick-and-mortar concepts Urban Air Adventure Park and The Little Gym, where the lenders are committing a large portion of their available SBA funds to Unleashed Brands' concepts. (full story)
- Bob’s Stores To Open Three Locations
(sgbonline.com - 8/11/2023) Frasers Group, the U.K.-based parent of Sports Direct, sold Bob’s and EMS to GoDigital Media Group for $70 million in cash in May 2022. Bob’s operates 24 stores while EMS has 25. Both retailers are located across the Northeast. (full story)
- Why Grocery Outlet is having an historic year
(winsightgrocerybusiness.com - 8/11/2023) “Looking ahead, we have tremendous white space with the potential to operate over 4,000 stores in the U.S. We are continuing to invest in real estate and construction resources to fulfill our future store potential,” Sheedy said. (full story)
- Buc-ee’s to Expand Footprint to Ohio
(cstoredecisions.com - 8/11/2023) The new location is set to open just outside Dayton, Ohio, in Huber Heights. The c-store and fueling station will take up 75,000 square feet on a 35-acre site. (full story)
- Honeygrow Announces Openings in Philadelphia and Langhorne, Pennsylvania
(qsrmagazine.com - 8/11/2023) These openings are part of a continued growth trajectory for the brand encompassing seven new locations over the past twelve months. By the end of 2024, honeygrow plans to add a dozen more restaurants throughout the greater Philadelphia and Baltimore regions. (full story)
- SoCal Legend NORMS Ready for Next Evolution
(fsrmagazine.com - 8/11/2023) Alongside opening another California store, NORMS is taking aim at Las Vegas. Wyatt predicts the brand will arrive in early summer 2024 or so. “And I think there’s room for at least four or five more locations when this one does well as we know it’s going to do,” Wyatt adds. (full story)
- How CEO Kelli Valade is Renewing Relevance at the 70-Year-Old Breakfast Giant
(fsrmagazine.com - 8/11/2023) The company anticipates opening 35 to 45 restaurants this year, including eight to 12 Keke’s. “That's a category that's really exciting right now, so we are really positioning that for some pretty aggressive growth,” she says. (full story)
- National Vision Holdings, Inc. Reports Second Quarter 2023 Financial Results
(yahoo.com - 8/10/2023) The Company opened 24 new stores, closed one store, and ended the quarter with 1,381 stores. Overall, store count grew 5.1% from July 2, 2022 to July 1, 2023... (full story)
- Taco Bell provides a peek at bullish domestic development plans
(nrn.com - 8/9/2023) Taco Bell’s Go Mobile format is also much smaller than a traditional restaurant, at 1,600 square feet, which is more cost effective and presents more real estate opportunities. (full story)
- The Budlong Southern Chicken Opens at Oakbrook Center; Unveils Brand’s Fresh Look
(franchising.com - 8/9/2023) The Oakbrook opening marks a new era for the brand, with its new prototype unveiling, including a re-engineered menu along with the utilization of new tech platforms, The Budlong brand is prepared to continue to flourish. (full story)
- Qdoba plans rapid expansion
(prnewswire.com - 8/9/2023) With 750 restaurants in 45 states, the privately held company expects to double in size over the next decade, with plans to open 40 new restaurants this year, followed by 60 in 2024, and 80+ annually beginning in 2025. (full story)
- YogaSix Hits Key Milestone with Over 600 Signed Franchise Agreements
(sgbonline.com - 8/9/2023) The company said expansion in key markets, including Alexandria, VA; Los Angeles, CA; Boston, MA; and Long Island, NY, would fuel the brand’s yoga experience that includes six core formats. (full story)
- Port of Subs Inks 40-Unit Deal with Company’s First Regional Developers
(restaurantnews.com - 8/9/2023) Brothers Jay and Michael Taylor, seasoned Port of Subs franchisees who own established locations in Draper and Salt Lake City, seized the opportunity to become Port of Subs’ first Regional Developers. (full story)
- Rachel’s Kitchen to Expand Its Fresh Casual Eatery to Dallas, Texas
(restaurantnews.com - 8/9/2023) The new Rachel’s Kitchen locations in Dallas will maintain the restaurant’s signature aesthetic, blending modern design with a warm and inviting ambiance. (full story)
- Restaurant chain looks to 'Beef' up its presence in Daytona Beach, Palm Coast
(finance.yahoo.com - 8/9/2023) A Tampa-based chain of "family sports pub" restaurants is looking to increase its presence in the Volusia-Flagler area by adding 10 to 15 locations in the two-county market. (full story)
- Celebree School Drives Franchise Growth with New, Modern Prototypes
(prnewswire.com - 8/9/2023) 2023 is proving to be a momentous year for Celebree School, having already welcomed 13 new franchisees comprising of 27 franchise and future development agreements. (full story)
- Bad Ass Coffee of Hawaii Announces Mid-Year Performance with Double Digit Franchise Signings
(prnewswire.com - 8/9/2023) Bad Ass Coffee of Hawaii reports on its mid-year performance noting 19 new franchise signings and a 23% year-over-year increase in systemwide sales. Momentum builds as Bad Ass Coffee enters the back half of 2023 with more than 14 stores in various stages of development. (full story)
- Big Blue Swim School Targets Texas for Franchise Growth
(businesswire.com - 8/9/2023) As one of the top global economies, Texas is a strategic next step after Big Blue saw a year of exceptional growth with 29 units sold in 2022. Within Texas, the franchise is focusing on the Dallas, Houston, Austin and San Antonio markets. (full story)
- Biggby Coffee Rounds Out Q2 on Track to Reach a ‘Bigg’ Goal
(1851franchise.com - 8/9/2023) Twelve of the 43 franchise agreements signed are for developments in emerging markets, including Illinois, Idaho, Tennessee, Georgia, North Carolina and Virginia. One of the 27 new store openings was in Memphis, marking the brand’s entry to Tennessee, and it is already working on a second Tennessee location in Nashville. (full story)
- D1 Training Reports Impressive Mid-Year Growth, Triples Franchise Footprint in Less than 5 Years
(citizentribune.com - 8/8/2023) D1 Training announces impressive mid-year growth with more than 30 signed franchise agreements and 10 openings year-to-date. (full story)
- Fat Brands to open 20 new Johnny Rockets units in Texas
(restaurantdive.com - 8/7/2023) Fat Brands will develop 20 new Johnny Rockets units in Texas over the next 10 years in partnership with franchisee Brame Holdings, with the first unit of this batch set to open in 2024, according to a press release. (full story)
- The Joint Chiropractic Marks Expansion Milestone with 900th Clinic Opening
(franchising.com - 8/7/2023) The Joint Corp. is delighted to announce the opening of its 900th clinic, accomplishing a significant growth benchmark less than one year after celebrating 800 location openings last September. (full story)
- After Reporting a Strong Fiscal Year, L.L. Bean Is Focused on Opening Stores and Key Retailers
(footwearnews.com - 8/7/2023) At the moment, L.L. Bean has 56 stores in the U.S, another 25 stores in Japan and has 13 licensed retail store locations in Canada that are operated by Jaytex Group. (full story)
- Smoothie King Bringing 15 Additional Units to Dallas-Fort Worth
(prnewswire.com - 8/7/2023) The announcement builds on the development momentum that Smoothie King has sustained in recent months, remaining on pace to open 100 locations before the end of 2023. The brand has also added 71 stores to its pipeline since the start of the year. (full story)
- Rally House opens 7 stores in one weekend
(retaildive.com - 8/7/2023) Sports apparel retailer Rally House opened seven stores in five states this weekend, a record for the company. The new stores are in Iowa, Kansas, Oklahoma, Illinois and Arizona... (full story)
- Meet Nick the Greek, a restaurant making a name for itself in California
(nrn.com - 8/7/2023) Nick the Greek started in 2014 and in under ten years, the brand has grown to over 60 units with another 20 expected to open by the end of the year, bringing their total restaurant locations to 80. Over the past three years, Nick the Greek has more than doubled their units. (full story)
- Crisp & Green makes debut in Illinois
(nrn.com - 8/7/2023) The Vernon Hills opening marks the eleventh state for the growing brand, with seven additional restaurants slated to open in the greater Chicago area. The multi-unit Illinois expansion is part of a development agreement with area residents Clark and Gina Koertner of CGIA Operations LLC. (full story)
- STK's and Kona Grill's Growth Pace is Ready to Accelerate
(fsrmagazine.com - 8/7/2023) Over the long term, The ONE Group views its addressable market as 200 STK restaurants globally and 200 Kona Grills domestically with ROIs of between 40 percent and 50 percent. Looking in the years ahead, Hilario said the company has 18 signed leases, and 12 of those are under some level of design and construction. (full story)
- Outback 'Thrilled' with Direction of Brazilian Business
(fsrmagazine.com - 8/4/2023) The country had 148 Outback Steakhouse restaurants by the end of Q2 (a net of eight store debuts during the period) and Bloomin' expects that figure to reach 300 by 2028. (full story)
- US Store Openings Surpass Closings This Year, Despite High-Profile Liquidations
(costar.com - 8/4/2023) There are 3,448 store closings and 4,427 store openings announced so far for this year, according to the most recent data from Coresight Research. In 2022, for the full year 3,807 store closings and 5,383 store premieres were announced, according to Coresight. (full story)
- Urban Plates refinances with $27 million investment
(restaurantbusinessonline.com - 8/4/2023) Another two to four are planned in 2024, and the company plans to ramp that up to eight to 10 per year, all company owned, said CEO and co-founder Saad Nadhir. (full story)
- How Pollo Campero plans to grow from 90 US units to 250 in 5 years
(restaurantdive.com - 8/4/2023) Pollo Campero plans to open more corporate stores in California and Florida, and a few in Manhattan. The company has franchised deals to open locations in South and North Carolina, Georgia, Tennessee and Arizona, and is looking to sign more deals in these states. The chain is also looking for franchised partners in Colorado and Utah. (full story)
- Sprouts Farmers Market, Inc. Reports Second Quarter 2023 Results
(yahoo.com - 8/4/2023) Opened 6 new stores, resulting in 391 stores in 23 states as of July 2, 2023 (including the closure of 10 stores during the quarter, as previously announced)... (full story)
- Planet Fitness, Inc. Announces Second Quarter 2023 Results
(prnewswire.com - 8/4/2023) 26 new Planet Fitness stores were opened during the period, including 3 corporate-owned and 23 franchisee-owned stores, bringing system-wide total stores to 2,472 as of June 30, 2023... (full story)
- Driven Brands Holdings Inc. Reports Second Quarter Results
(prnewswire.com - 8/4/2023) For the second quarter, Driven Brands...added 74 new stores in the quarter... (full story)
- Boot Barn Holdings, Inc. Announces First Quarter Fiscal Year 2024 Financial Results
(businesswire.com - 8/4/2023) Boot Barn Holdings, Inc. today announced its financial results for the first fiscal quarter...opened 16 new stores, bringing its total store count to 361... (full story)
- Floor & Decor sees mixed results in Q2
(hbsdealer.com - 8/4/2023) The retailer opened 9 warehouse stores in the second quarter and ended the period with 203 warehouse stores along with 5 design studios. The company has opened 12 new warehouse stores in total during the first half of 2023 and said it is still on track to open 32 new locations this year. (full story)
- Dave's Hot Chicken Inks Deal to Open Eight Units in Georgia
(qsrmagazine.com - 8/3/2023) “Franchisees like Vision Food Group bring a profound understanding of business and have an entrepreneurial passion that makes them a valuable part of our team as we grow our footprint,” says Bill Phelps, CEO of Dave’s Hot Chicken. (full story)
- Scooter’s Coffee Continues Growing in Florida
(franchising.com - 8/3/2023) The expansion into southeastern Florida is the result of a five-unit franchise agreement signed by Eric Gioia. “The east coast of Florida is booming, it’s one of the fastest-growing areas in the country, and Scooter’s Coffee is not here yet.” (full story)
- Great American Cookies Opens Milestone 400th Location
(qsrmagazine.com - 8/2/2023) In the last two years, the brand has experienced accelerated growth, opening 73 new locations and entering new states such as Alaska, Arizona, Illinois and New Mexico. (full story)
- Batteries Plus Q2 Performance Highlights the Public's Return to Brick-and-Mortar
(finance.yahoo.com - 8/2/2023) The second quarter saw the arrival of 4 new multi-unit agreements, accounting for a total of 19 new franchise locations now under development. (full story)
- Woof Gang Continues Expansion Into Three New States
(digitalmag.petbusiness.com - 8/2/2023) Pet service-franchise brand Woof Gang Bakery & Grooming has signed agreements with franchisee owners in three new states within the Western U.S.—Arizona, Idaho and Washington—for locations that are planned to open by summer 2024. (full story)
- BJ’s Restaurants Teases Lower-Cost Prototype
(fsrmagazine.com - 8/1/2023) Now, the casual-dining chain is turning to a more budget-friendly design to help reach its longstanding goal of 5 percent annual unit growth. (full story)
- Gyro Shack Sees Impressive Growth Through First Half of 2023
(restaurantnews.com - 8/1/2023) With the recently opened Gyro Shack location in Tucson, Arizona, the brand looks forward to continued expansion in the Southwest region. In the second half of the year, Gyro Shack is excited to open the doors of the brand’s first location in New Mexico. (full story)
- First Watch sees double-digit sales growth with strong store pipeline
(nrn.com - 8/1/2023) Tomasso reiterated that the company is looking to open 2,200 domestic restaurants, with 45-51 new restaurants opened before the end of 2023. (full story)
- Potbelly turns up the heat on strategic growth in Florida
(nrn.com - 8/1/2023) Over the past year, the brand has finalized multi-unit agreements with five franchise groups to develop 46 shops in six critical regions: Tampa, Orlando, Fort Myers, Broward County, Gainesville and Panama City. (full story)
|
