Arby's inks development agreement with franchisee

by MEAT+POULTRY Staff
Share This:
Search for similar articles by keyword: [Food Service], [Beef]

 Arbys
AR Chain of Restaurants plans to open 25 new restaurants in the next six years.
 

ATLANTA – Arby’s Restaurant Group Inc. announced Feb. 6 that it has reached a development agreement with franchisee, AR Chain of Restaurants, to open 25 new restaurants over the next six years. Most of the new restaurants will be located in Pennsylvania and New York.

As part of the transaction, AR Chain purchased eight ARG-owned restaurants in Philadelphia, Wilkes Barre-Scranton and New York.

“As a significant operator and developer of many restaurants in multiple states, the principals of AR Chain are ideal franchisees for the Arby’s brand,” said Greg Vojnovic, CDO, Arby’s Restaurant Group Inc. “They are experienced operators in markets where there is runway for growth. Further, they are committed to propelling the Arby’s brand forward and they have the ability to open impactful restaurants in key markets.

AR Chain has agreed to remodel the eight ARG-owned restaurants by the end of 2018. The new design will include natural wood materials, stainless steel, modern lighting and chalkboard graphics.

"This new development agreement underscores our confidence in the Arby's brand," said Sam Durrani, COO, ARCR. "Our company is rapidly growing and Arby’s is a great addition to our portfolio. We are very excited to work with a brand that has a long-term vision and strategy for success, with the track record of sales and transaction growth to back it up.”

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.

 

 


The views expressed in the comments section of Meat and Poultry News do not reflect those of Meat and Poultry News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.