Restaurant Veteran Buys 21 Krystal Locations

Restaurant veteran Argus Wiley purchases 21 existing Krystal locations and signs a development agreement for 15 more.

Read the original at Franchising.com
Restaurant Veteran Buys 21 Krystal Locations

TL;DR

Argus Wiley, a restaurant veteran, has purchased 21 existing Krystal locations and signed a development agreement for 15 more. He plans to remodel the existing units and grow the brand in the Southeast market, particularly in Florida.

Argus Wiley is no stranger to restaurant franchising. He’s been involved with brands such as Arby’s, Chipotle, Cutting Edge Pizza, and Jason’s Deli. Now Wiley has purchased 21 existing Krystal locations and signed a development agreement for 15 more of the QSR chain’s locations.

“I’m familiar with the Krystal brand from having been a customer and eaten there on numerous occasions before becoming a franchisee. The corporate franchising team has been incredible with welcoming us and we’re grateful for the support they’ve provided to help with our transition to be part of the Krystal family,” said Wiley. “I want to see the brand be successful and believe it can take off beyond its regional popularity.”

The Krystal restaurants Wiley has added to his portfolio are in Florida. He will be remodeling the existing units, while using the brand’s new prototype for his new locations. He will focus on growing the brand in the Southeast market, particularly in Florida.

“To me, Krystal offers the best breakfast (and more). From the I-4 corridor to the Daytona track and beyond, we’re looking forward to getting other people excited about the brand and to become fans through this new partnership,” he said. Wiley remains involved in other brands and is the COO for Whitefords, Inc.

(KFC), Newberry Restaurant Group (Arby’s), and Midland’s Restaurant Group. The new Krystal deal is being executed through Red Door Foods.

In this story

This story was originally published by Kerry Pipes in Franchising.com on March 1, 2023. Burnaze summarizes and links to the original reporting.

Read the full story at Franchising.com

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