In a strategical move to bolster its quick-service holdings, Flynn Group has acquired 32 Wendy's restaurants successful the Indianapolis area. This acquisition increases Flynn's Wendy's locations to 309 crossed the United States, Restaurant Business Online (RBI) reported.
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Greg Flynn, CEO of Flynn Group, emphasized the value of this description successful a statement to RBI: "Indianapolis is simply a marketplace we cognize very well. So erstwhile we saw the opportunity to get further Wendy's locations, and pinch work for 40% of the brand's footprint successful the market, we instantly pursued it."
This acquisition is portion of Flynn Group's broader strategy to heighten its beingness successful the quick-service sector. Earlier this year, the institution acquired 83 Wendy's restaurants successful New Jersey and Pennsylvania.
Related: The Largest Franchise Operator successful the U.S. Owns 2,800 Locations — And He Just Added 83 Wendy's to His Portfolio
Founded successful 1999, Flynn Group has grown into the world's largest franchise operator, managing complete 2,900 restaurants crossed brands specified arsenic Applebee's, Arby's, Taco Bell, Panera Bread, Pizza Hut and Wendy's. The institution generates much than $4.5 cardinal successful yearly sales, reflecting its important effect connected the franchise industry.
Greg Flynn's travel began pinch purchasing his first Applebee's franchise successful 1999. He has expanded his portfolio to see aggregate brands, demonstrating a keen expertise to place and capitalize connected maturation opportunities wrong the franchise sector.
Related: Greg Flynn Owns 1,245 Restaurants and Makes $2 Billion A Year. Here's How He Did It.
The caller acquisitions underscore Flynn Group's committedness to strategical maturation and its assurance successful the Wendy's brand. As the institution continues to grow its footprint, it sets a benchmark for occurrence successful the franchise industry, showcasing the imaginable for maturation done strategic acquisitions and marque diversification.
Read More: Restaurant Business Online