One restaurant operator is considering a significant expansion, whereas some restaurant companies have had difficulty recovering from the pandemic's consequences and coping with the current inflation pressures.
According to Restaurant Dive, all 900 of the extra locations announced by Fat Brands recently have been signed and paid for.
17-brand Fat Brands is pursuing growth. Twin Peaks, Native Grill & Wings, Fazoli's, and Global Franchise Group (Great American Cookies, Hot Dog on a Stick, Round Table Pizza, Marble Slab Creamery, Pretzelmaker) were purchased.
We are seeing strong demand from both our current and new franchise partners to add a range of our brands to their portfolio of restaurants as we integrate the eight new restaurant concepts that we purchased in 2021 into the Fat Brands portfolio.
The corporation also had a fantastic year in 2018, with a 1,141 percent growth in total sales over 2021. With the addition of the additional brands, there will be 17 restaurant chains operating as part of the "fat family."
Fat Brands' portfolio includes 2,350 locations in total. It would reach 3,250 after the anticipated expansion over the subsequent five years. Additionally, some businesses are expanding more quickly than others.
It would double in size from its current 83 locations. Ponderosa and Bonanza Steakhouses, two older Fat Brand brands, will have substantially slower growth.
By September of this year, Great American Cookies will have taken over all of the recently acquired Nestlé Toll House Cafes outlets, thereby ending the previous chain.
These shops will integrate smoothly into our quick-service sector and give us the chance to expand the manufacturing portion of our company, which is a crucial growth goal.