Iconic Italian stamp sees sales and placement visitors skyrocket to all-time highs in January, February and March, ending Q1 with system sales up 29% and a document 11 house building agreements
Lexington, KY (RestaurantNews.com) After building document-breaking momentum final 365 days, Fazoli’s continues to dominate the highest rate QSR segment with historical sales and placement visitors performance in Q1.
Within the fundamental quarter by myself, Fazoli’s broke more than 200 weekly sales data and topped monthly data with double-digit month-over-month sales and placement visitors in January, February and March. Gross sales for March are up 85% and placement visitors is up 78% as in contrast to the 365 days prior and 34% over March 2019, respectively. The week ending March 24, the enduring Italian stamp hit one more all-time document for the total system with company areas averaging $34,821 per restaurant, which shattered other weekly data by more than 8%.
The discontinue of Q1 also marks the discontinue of Fazoli’s fiscal 365 days. The well-liked, Lexington-based fully stamp began its fiscal 365 days final April with company sales down 18% and systemwide sales down 23%. All the blueprint via the onset of the pandemic, the stamp pivoted rapidly and went on the offense, emerging from its sales decline with a vengeance. To this point, since Could well well additionally of final 365 days, the stamp has well-liked document-breaking sales, with identical store sales up 18.2% and placement visitors up over 15% for the company. Fazoli’s ended its fiscal 365 days up almost 10% in sales and 4% in site visitors for the system.
“Our stamp had an prominent Q1 on each and every front,” mentioned Fazoli’s CEO Carl Howard. “I will’t thank our team ample for their unrelenting laborious work that clearly brings in outcomes. These document-breaking sales are a sigh influence of our management, taking gargantuan care of our of us and for sure dwelling the Fazoli’s values – gargantuan guest service is what we construct; of us attain first; teamwork makes the adaptation; and pursuit of excellence is by no system ending.”
The emblem’s focal point on menu innovation and worth continues to pressure success. Fazoli’s kicked off the contemporary 365 days with the beginning of its Standard of living Menu, which procedure craveable keto and gluten-pleasant dishes. The contemporary menu devices joined Fazoli’s lineup of other contemporary, delectable choices at an unmatched label which had been consistent sales drivers, like its Natty Family Meal,5 Below $5 promotion and the addition of wings (each and every on Fazoli’s core menu and thru its contemporary virtual hover belief, Wingville).
On the event aspect, Fazoli’s signed a document 11 house building agreements in Q1 to add 36 contemporary areas to its pipeline. In total during Fazoli’s fiscal 365 days, the stamp signed 20 contemporary franchise agreements to fetch 50 areas. This number surpasses the most agreements the stamp has signed in a single 365 days in its 33-365 days historical past. Within the fundamental three months of 2021, Fazoli’s opened three contemporary areas in Statesboro, Georgia, Sioux City, Iowa and Clermont, Florida. Two of the present openings were the outcomes of franchisees taking excellent thing about the stamp’s unmatched conversion procedure.
Since June, the stamp has been maximizing building via its 2020 Franchise Incentive Program, which encourages challenged instant-service or swiftly-informal restaurant operators to convert their existing shells proper into a Fazoli’s. With the conversion incentive, franchisees can brand a brief 5-365 days term, versus the conventional 15-365 days dedication, with zero down payment, zero franchise charges and nil royalty charges within the fundamental 365 days. Fazoli’s also relaxed a variety of its conversion requirements so operators can fetch a 2,000- to a couple,500-square-foot restaurant inaugurate for below $350,000.
The emblem has 11 conversions centered for the contemporary fiscal 365 days, with even more on the horizon. For the remainder of 2021, Fazoli’s is heading within the correct direction for a document-breaking number of openings with 10 to 15 contemporary areas expected to inaugurate during the calendar 365 days, the most in over a decade. Taking a undercover agent ahead, the stamp expects to add one more 25-30 models, the most in over two decades.
Basically based in 1988 in Lexington, Ky., Fazoli’s owns and operates almost 220 restaurants in 28 states, making it the biggest top rate QSR Italian chain in The US. Fazoli’s prides itself on serving top rate quality Italian food, swiftly, contemporary and pleasant. Menu choices consist of freshly willing pasta entrees, Submarinos® sandwiches, salads, pizza and desserts – along with its unlimited signature breadsticks. Fazoli’s is a winner of FastCasual and Steritech’s 2020 Excellence in Meals Security Award and was once named one amongst the “Top 200 Franchises in 2021” by Franchise Enterprise Evaluate, a FastCasual “Imprint of the Year,” and an Entrepreneur 2018 “Franchise 500.” CEO Carl Howard was once named among the many most influential restaurant CEOs within the country in 2020 by Nation’s Restaurant News, was once identified as one amongst the cease 25 alternate leaders on FastCasual’s 2020 Top 100 Movers and Shakers checklist, and he and his team were recipients of the 2020 American Enterprise Awards Gold Stevie Awards in Meals & Beverage for Company of the Year, Fulfillment in Management and Human Assets Team of the Year.