Flynn Group Expands Portfolio Through Acquisition of Applebee’s Restaurants; Signs Agreement with Applebee’s to Open 25 New Restaurants
22 Aprile 2024 - 4:00PM
Business Wire
Flynn Group expands portfolio with acquisition
of 26 Applebee’s restaurants across Florida and Georgia from
Applebee’s Franchisee, Doherty Enterprises;
World’s largest restaurant franchise operator
planning to open 25 new Applebee’s restaurants over seven years in
new markets across the U.S.
Applebee’s, one of the world’s largest casual dining brands,
recently signed an agreement with the world’s largest restaurant
franchise operator, Flynn Group, with the goal to open 25 new
Applebee’s restaurants in the U.S. over the next seven years. This
expansion goal is part of Applebee’s development strategy to return
the brand to net new unit openings.
Tony Moralejo, President of Applebee’s, said, "After 44 years as
the neighborhood dining destination in America, this agreement
reinforces the confidence in the Applebee’s brand from our largest
franchisee – and the largest franchise operator in the world –
Flynn Group. Flynn Group’s journey with Applebee’s began 25 years
ago, and their leadership team, culture, and focus on operational
excellence is unparalleled. We’re excited to expand our partnership
with them and to bring Applebee’s to more neighborhoods across the
U.S.”
Greg Flynn, Founder and Chief Executive Officer of Flynn Group
said, "Applebee’s has always been a special brand for us, as it has
been for millions of guests throughout the country. We feel the
love and passion our guests have for Applebee’s every day, and
we’re excited to continue building and growing with Applebee’s, as
we have for the past two-and-a-half decades. There is untapped
potential in markets across the U.S., and we look forward to
continuing to do what we do best: serving great food and delivering
great experiences to our neighbors."
Focused on growth, Flynn Group has also successfully completed
an acquisition of 26 Applebee’s restaurants in Florida and Georgia
from long-standing franchisee, Doherty Enterprises. With the
acquisition, Flynn Group further strengthens its position as the
world’s largest Applebee’s franchisee, now owning and operating
more than 450 Applebee's restaurants across 23 states. In addition
to its domestic growth strategy, Flynn Group has also expanded
internationally. Over the past year, the business has completed
several strategic investments outside the U.S., which have elevated
its influence in new markets and added even more depth to its
portfolio of consumer facing franchise businesses.
Doherty Enterprises has been an Applebee's franchisee for more
than 30 years, and today owns and operates 80 Applebee's
restaurants in New York and New Jersey. Team Members working in the
acquired restaurants in Florida and Georgia have been offered jobs
with Flynn Group, ensuring a continuous experience for guests, and
recognizing the dedication of excellent team members.
Applebee’s is a go-to dining destination in neighborhoods
throughout the United States and abroad. From its first restaurant
in Decatur, Georgia to more than 1,600 locations in the U.S., two
territories, and 11 more countries today, Applebee’s is the place
to be in the neighborhood. Guests know they can always count on
Applebee’s for a delicious and affordable meal, refreshing and fun
drinks, and a come-as-you-are welcoming environment.
Applebee's is franchised by subsidiaries of Dine Brands Global
Inc. [NYSE: DIN], which is one of the world's largest full-service
restaurant companies. Applebee’s has franchise opportunities
available in markets across the country for current and new
franchise operators with a focus on conversions as well as
leveraging a new cost-effective prototype in development. Parties
interested in owning their own Applebee’s franchise, can visit
www.applebees.com/opportunities.
About Applebee's®
As one of the world’s largest casual dining brands, Applebee’s
Neighborhood Grill + Bar serves as America’s kitchen table,
offering guests a lively dining experience that combines simple,
craveable American fare with classic drinks and local drafts.
Applebee’s makes it easy for family and friends to connect with one
another, whether it’s in a dining room or in the comfort of a
living room, Eatin’ Good in the Neighborhood™ is a familiar and
affordable escape from the everyday. Applebee's restaurants are
owned and operated by entrepreneurs dedicated to more than serving
great food, but also building up the communities that we call home.
From raising money for local charities to hosting community
fundraisers, Applebee’s is always Doin’ Good in the Neighborhood®.
Applebee’s franchise operations consisted of 1,642 Applebee’s
restaurants in the United States, two U.S. territories and 11
countries outside the United States as of December 31, 2023. This
number does not include two domestic Applebee’s ghost kitchens
(small kitchens with no store-front presence, used to fill
off-premise orders) and 10 Applebee’s international ghost kitchens.
Applebee's is franchised by subsidiaries of Dine Brands Global Inc.
[NYSE: DIN], which is one of the world's largest full-service
restaurant companies.
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About Flynn Group
Founded by Chairman and CEO Greg Flynn in 1999, Flynn Group LP
(formerly Flynn Restaurant Group) is the largest franchise operator
in the world, and the third largest operator of restaurants, after
only Starbucks and Chipotle, in the United States. Flynn Group owns
and operates more than 2,600 consumer facing businesses across
Applebee’s®, Arby’s®, Taco Bell®, Panera®, Pizza Hut®, Wendy’s® and
Planet Fitness® brands spanning 44 states, Australia and New
Zealand, generating more than $4.6 billion in sales and employing
more than 75,000 people. More information is available at
www.flynn.com.
BR-APPB
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