TL;DR
Flynn Restaurant Group LP has purchased 368 Arby's restaurants from US Beef Corp, adding $400 million in sales to its portfolio. The acquisition brings the total number of restaurants operated by Flynn Restaurant Group to 1,245, across 33 states.
Flynn Restaurant Group LP announced it has purchased 368 Arby’s restaurants from US Beef Corp. through one of its wholly-owned subsidiaries, RB American Group LLC.
Arby’s becomes the fourth prominent restaurant brand represented under the Flynn Restaurant Group umbrella, joining Applebee’s, Panera Bread and Taco Bell. According to the announcement, the deal will add $400 million in sales to the franchise operator’s current $1.9 billion generated from the brands in its portfolio. Flynn Restaurant Group now operates a combined total of 1,245 restaurants, employing approximately 50,000 people in 33 states.
“Standing in a category of its own, the Arby’s brand aligns perfectly with our preference for brands that are truly differentiated and ‘best in breed’ in their segments,” Flynn Restaurant Group founder, chairman and CEO Greg Flynn said in a statement. “Benefiting from very strong leadership, the Arby’s brand has achieved great momentum these past few years and we are truly excited about the opportunities that lie ahead.”
In this story
This story was originally published in 1851 Franchise on December 5, 2018. Burnaze summarizes and links to the original reporting.
Read the full story at 1851 FranchiseLiked this? Get the week's franchise news, explained
- Sunday 8 AM ET weekly + a monthly deep dive
- Sections picked for the industries you follow
- Every claim linked to its source. Free.
