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.”