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Flynn Group expands its portfolio by acquiring 26 Applebee's restaurants in Florida and Georgia from Doherty Enterprises. They also signed an agreement with Applebee's to open 25 new restaurants in the U.S. over seven years. This move aims to boost Applebee's presence in new markets and drive growth.
Il Gruppo Flynn espande il proprio portafoglio acquisendo 26 ristoranti Applebee's in Florida e Georgia da Doherty Enterprises. Hanno inoltre firmato un accordo con Applebee's per aprire 25 nuovi ristoranti negli Stati Uniti nell'arco di sette anni. Questa mossa ha l'obiettivo di potenziare la presenza di Applebee's nei nuovi mercati e stimolare la crescita.
El Grupo Flynn amplía su cartera adquiriendo 26 restaurantes de Applebee's en Florida y Georgia de Doherty Enterprises. También firmaron un acuerdo con Applebee's para abrir 25 nuevos restaurantes en EE. UU. durante los próximos siete años. Este movimiento tiene como objetivo aumentar la presencia de Applebee's en nuevos mercados y fomentar el crecimiento.
플린 그룹은 도허티 엔터프라이즈로부터 플로리다와 조지아에 있는 26개의 애플비스 식당을 인수하여 자사의 포트폴리오를 확장하였습니다. 또한 앞으로 7년간 미국 내에 25개의 새로운 식당을 개설하기 위해 애플비스와 계약을 체결했습니다. 이번 조치는 새로운 시장에서 애플비스의 입지를 강화하고 성장을 촉진하기 위한 것입니다.
Le Groupe Flynn étend son portefeuille en acquérant 26 restaurants Applebee's en Floride et en Géorgie de Doherty Enterprises. Ils ont également signé un accord avec Applebee's pour ouvrir 25 nouveaux restaurants aux États-Unis au cours des sept prochaines années. Cette démarche vise à renforcer la présence d'Applebee's sur de nouveaux marchés et à stimuler la croissance.
Die Flynn Gruppe erweitert ihr Portfolio durch den Kauf von 26 Applebee's Restaurants in Florida und Georgia von Doherty Enterprises. Sie haben auch eine Vereinbarung mit Applebee's unterzeichnet, um in den nächsten sieben Jahren 25 neue Restaurants in den USA zu eröffnen. Dieser Schritt zielt darauf ab, die Präsenz von Applebee's auf neuen Märkten zu erhöhen und das Wachstum zu fördern.
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Insights
The strategic expansion by Flynn Group represents a proactive approach to market penetration and franchise growth. With more than 450 Applebee's restaurants now under their management, Flynn Group's acquisition and growth strategy could potentially create economies of scale that may lead to improved profit margins and operational efficiencies. For investors, this shows Flynn Group's confidence in the Applebee's brand and its ability to attract and retain customers in a highly competitive industry. However, investors should also consider the risks associated with aggressive expansion, such as potential over-saturation and the challenges of maintaining quality and customer service standards across a larger network of restaurants.
The acquisition and development agreement could indicate a strengthening of market position that investors might find reassuring. Flynn Group's investment in 25 new locations, while substantial, appears calculated and signals a long-term commitment to brand growth. As a retail investor, analyzing the historical performance of franchise operations under Flynn Group may provide insights into the probable success of these new units. The focus on operational excellence, which is a key factor mentioned in the expansion narrative, could be instrumental in driving revenue growth and enhancing shareholder value. Moreover, operating efficiencies might be realized through the increased scale of operations that could positively influence profitability metrics.
The franchising model allows for rapid expansion with reduced capital investment from the franchisor, which in this case, is Dine Brands Global Inc. Flynn Group's decision to open additional Applebee's restaurants suggests a solid franchisor-franchisee relationship and a shared vision for the brand's potential. The emphasis on entering untapped markets indicates a strategic approach to finding new revenue streams without cannibalizing existing sales. For investors holding shares in Dine Brands Global Inc., this aggressive expansion plan could forecast upward trends in royalty revenue, which would be a positive indicator of franchise health. However, successful execution will hinge upon market research and due diligence to ensure that new locations align with consumer demand and demographic suitability.
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.
PASADENA, Calif.--(BUSINESS WIRE)--
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.
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.
