NPC International

This is from the weekly restaurant finance newsletter The Bottom Line.

Meritage Hospitality Group, which operates 314 Wendy’s units, has closed at least 60 units and opted out or altered the breakfast daypart to improve store-level EBITDA.

Pizza Hut franchise struggles with bankruptcy, store closures, and employee backlash, threatening its position in the industry.

EYM Pizza LP, a 140+ unit Pizza Hut franchisee, files for Chapter 11 bankruptcy protection in the Eastern District of Texas.

Multi-unit franchising is a business opportunity for both franchisees and franchisors, with multi-unit operators controlling 54% of all franchised units in the U.S.

Multi-unit and multi-brand operators continue to grow through acquisitions, new unit build-outs, refranchising, and scooping up successful units from retiring franchisees.

The Cypress Group facilitated the largest deal in franchising, involving Flynn Restaurant Group's acquisition of NPC's assets.

The Flynn Group's takeover of NPC's assets has set a record in the franchising industry, with significant implications for the market.

Flynn Restaurant Group nearly doubled in size with the acquisition of 937 Pizza Huts and 194 Wendy’s locations from NPC International.

The pandemic has had a significant impact on the Mega 99 Rankings, with bankruptcies, financial protection filings, and leadership consolidation affecting the rankings.

YUM! Brands reported its 2020 Q4 earnings, showing how the restaurant industry is recovering from COVID-19, with only Taco Bell posting positive same-store sales growth.

Flynn Restaurant Group buys 1,150 Pizza Hut and Wendy's locations for $801 million.

Wendy’s bid for NPC's units will complicate the sale process, especially now that the court has approved the stalking-horse bid.

Trend alerts to assist you with your international expansion plans

Multi-unit and multi-brand operators continue to grow, with some experiencing accelerated growth during the Covid-19 pandemic.

NPC International markets 163 Pizza Hut sites for sale as part of its bankruptcy reorganization.

NPC International, Pizza Hut's largest franchisee, will close up to 300 units and launch a sales process to offload the rest, citing dire financial straits and nearly $1 billion in debt.

The 2020 Multi-Brand 50 ranking highlights the largest franchisees in the U.S.

Each year we work with FRANdata to compile a list of the country's largest multi-unit franchisee organizations.

NPC International restructures its leadership, separating its brand holdings into two divisions.

NPC International, Pizza Hut's largest franchisee, is negotiating with lenders to manage nearly $1 billion in debt, citing high labor and product costs as challenges.

Krystal hires two senior executives to lead its revitalization plan, bringing extensive QSR experience to the brand's operational excellence efforts.

The Multi-Brand 50 ranking of the largest U.S. franchisees that operate more than one brand has been released.

The 2019 Mega 99 Rankings list the country's largest multi-unit franchisee organizations, including Applebee's, Arby's, and Taco Bell.