Today, Flynn Restaurant Group is weeks away from closing its acquisition of the bulk of NPC International, adding about 925 Pizza Hut and 200 Wendy's restaurants and reaching $3.5 billion in annual sales. But CEO Greg Flynn recalled the group's modest start, opening 14 World Wraps between 1995 and 1999, in an interview with the Restaurant Finance Monitor last week.
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Awise man (or was it a man crackin' wise?) once asked, “How do you make a million dollars in the restaurant business? Start with two million.” Boom. As we've all heard, it is tough to make money in restaurants. But there are folks out there who know how to do it right, and franchising has helped. How do I know this? Well for one thing, this issue highlights the Franchise Times Restaurant 200, the ranking of the top 200 restaurant franchisees based on sales.
The Arby's brisket sandwich is an example of its tagline "We have the meats," which is one reason why Amish Parikh said he likes the brand.
The Parikh brothers added a new brand to their restaurant portfolio, inking a development agreement this week to open 50 new Arby's restaurants over the next eight years, and purchasing 18 corporate-owned Arby's restaurants in Baltimore, Maryland, and Harrisburg, Pennsylvania.