We Have the Multi-unit News You Need to Know
Our industry is constantly buzzing with franchise deals, and with the growing number of multi-unit franchisee players and ever-increasing amount of concepts it can be difficult to keep track of them all. But with our Development Deal Tracker, you don’t have to worry about being out of the loop.
Twice a month I’m plucking the key details from dozens of multi-unit development agreements to give you everything you need to know to stay informed and, of course, keep an eye on what the competition is doing. And it’s not just the franchisors of these concepts getting their names in boldface type—we introduce you to the franchisees, big and small, doing deals to watch.
I’ve culled a few of the top deals from the August e-newsletters, and you can sign up here to start getting the Deal Tracker sent right to your inbox.
• A new franchise development agreement with Southern Deli Holdings, LLC has the North Carolina-based group acquiring 64 existing Sonic Drive-In locations, including 27 in Alabama, 19 in Tennessee, 13 in Virginia and five in Georgia. SD Holdings, led by CEO Yaron Goldman, now operates a portfolio of four brands (McAlister’s Deli, MOD Pizza, Fuzzy’s Taco Shop, Sonic) with more than 100 outlets across six states.
• Retail optical center brand My Eyelab signed a multi-unit franchise deal to expand operations across the Atlanta metro area. Mehboob Panjwani and Shiraz Attawala will develop 18 locations, with the first slated to open in September in downtown Atlanta. Panjwani has more than 15 years of retail and franchise expertise from his time with Dunkin’ Donuts and Marco’s Pizza, while Attawala’s experience is in managing financials and operations for wholesale and retail jewelry stores, convenience stores, and petroleum providers. Vision Precision Holdings is the parent company of My Eyelab and Stanton Optical.
• La Madeleine French Bakery and Café is already more than halfway to its goal of refranchising 38 corporate locations, an initiative the brand announced in March at the Franchise Times Finance & Growth Conference. La Madeleine signed a deal with franchisee group HZ LM Casual Foods to acquire 26 company-owned restaurants in Houston and Austin, Texas, and Louisiana. As part of the deal, the group, led by Amin Dhanani, one of the general partners of The Dhanani Group, agreed to develop an additional 57 restaurants. The Dhanani Group is also one of the largest franchisees for Burger King and Popeyes Louisiana Kitchen, with about 500 and 200 units, respectively.
• Hungry Howie’s Pizza inked a multi-unit development agreement with franchisee Fawzi Simon to open 20 stores in Arizona over the next five years. Simon, who operates multiple convenience stores and gas stations in Arizona and Hungry Howie’s home state of Michigan, also purchased 18 existing Hungry Howie’s restaurants in Phoenix and Tucson, with plans to remodel them over the next six months. Hungry Howie’s has nearly 550 locations in 21 states.
And on the international front …
• With its first signed agreement in Latin America, boutique fitness studio Title Boxing Club will have locations opening in the Dominican Republic and Puerto Rico. The Latin American expansion is led by Dominican entrepreneur Manuel Corripio Alonso, vice president of the Corripio Group, one of the largest private employers in the country. Corripio also operates multiple franchise brands including Burger King, Papa John’s, Krispy Kreme and Orangetheory Fitness. Based in Kansas City, Title Boxing has more than 170 clubs open across the United States.
• Inking its first international franchise deal, The Carving Board Sandwiches is headed to Dubai after signing an agreement with Master Investment Group, led by H.H. Shaikh Abdulla Bin Mohamed Al Qassimi, for 12 locations to open over the next five years. Based in Ras Al Khaimah, the northernmost emirate of the UAE, the group is a regional investment company with real estate and retail focuses. The first Carving Board location is slated to open in August in Dubai’s City Walk area. A fast-casual specialty sandwich concept, Carving Board was founded in 2012 by brothers David and Yoav Adir and is in its first year of franchising.
Want more? Be in the know about the latest deals and fastest growing brands by signing up for our Development Deal Tracker right here. And if you have multi-unit franchise news of your own to share, send all the details to me at firstname.lastname@example.org.