FAT Brands Inc., which owns Johnny Rockets, Fatburger, Round Table Pizza, Twin Peaks, Fazoli’s and 12 other concepts, opened 142 stores in 2022 and added a total of 362 stores to its development pipeline, which spans 29 states and 17 countries.
“We are extremely proud of our organic growth and the performance of our team in 2022,” Taylor Wiederhorn, chief development officer of FAT Brands, said in a company press release. “Franchisee interest was at an all-time high from both new and existing franchisees, which speaks volumes to our robust portfolio of brands that continue to deliver strong same-store sales and attract new fans around the globe. This year, we will remain focused on converting our over 1,000-unit pipeline into new stores, approximately 175 of which are set to open in 2023, along with continuing to fuel our long-term growth with additional development deals.”
Leading the way in development amongst FAT Brands’ concepts was Fatburger and Buffalo’s Express with 86 stores, Fazoli’s with 61, Round Table Pizza with 56 and Twin Peaks with 50. Noteworthy franchise deals included a combined 80-store development agreement for 40 Fatburger and Buffalo’s Express locations and 40 Round Table Pizza restaurants in the state of Texas, a 32-store agreement for Twin Peaks in Mexico, and a 10-store agreement for Johnny Rockets in Israel.
Other strategic deals included 10 Marble Slab Creamery locations in Egypt and a nine-store development deal for Fazoli’s in Phoenix. Openings will bring Fatburger to Florida, Puerto Rico and Atlanta. Fazoli’s will land in Louisiana and Dallas, and Twin Peaks will grow its presence in Chicago.
Source: Fast Casual
