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fairfield inn marriott village

fairfield inn marriott village

Fazolis

Fazolis is a restaurant with a big idea. We fizzle out from the earth like burbot to come up with delicious, sustainable, and affordable food served just about anywhere. We achieved $100 million in sales in 2015. Our cuisine combines Louisiana and Mexican seafood, with a decidedly Southern flair. Our food is both familiar, and yet shockingly strange. Think seafood ceviche and shrimp and grits. Our crayfish, corn, and catfish are always fresh.

Sale

In 1988, the concept of the casual Italian-American dinner, Fazoli's, was set. Two years later, the Fazoli's system was established. Fazoli's started with five locations in the Lexington, Kentucky, area. Fazoli's was originally managed by Jerrico Inc. but later was put up for sale and sold to Duskin Co. Ltd so that Jerrico Inc. could focus on Long John Silver's. Duskin Co. Ltd later formed Seed Restaurant Group with the help of Entrepreneur Kuni Toyoda. (Source:

en.wikipedia.org)In the early 2000s, low-carbohydrate diets became popular, decreasing sales and forcing Fazoli's to rethink its menu again. In 2004, the company added eight menu items with 8 grams of fat or less and also added items featuring more vegetables and protein. The company later hired Elizabeth Somer to help with the development of low-calorie and healthy dishes. In 2005, Fazoli's announced that there would no longer be trans fat in its bread sticks. (Source:

Store

The planned acquisition of Fazoli’s further speaks to FAT Brands’ recent diversification of their restaurant portfolio, making a foray into the Italian quick-service dining category. With over 200 stores currently open and a development pipeline of 100 units over the next several years, the purchase of Fazoli’s will increase FAT Brands’ footprint to 2,300 franchised and corporate-owned stores around the world, bringing 2022 expected systemwide sales at FAT Brands to more than $2.1 billion. The addition of Fazoli’s, including the new stores due to open and under development, is expected to increase the Company’s post-COVID normalized EBITDA by approximately $14.5 to $15 million in 2022. (Source:

In October 2006, Seed Restaurant Group sold the company to Sun Capital Partners for an undisclosed amount. At the time of the sale, Fazoli's had a total of 319 locations, 179 of which were franchised, in 32 states. As part of the deal, Sun Capital replaced Toyoda with McDonald's veteran Robert Weissmueller as Fazoli's president and chief executive officer. (Source: en.wikipedia.org)

 

 

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