In a strategic move to strengthen it fast service properties, The Flynn Group has purchased 32 Wendy's restaurants in the Indianapolis area. This acquisition increases Flynn's Wendy's locations to 309 across the United States, Restaurant Business Online (RBI) reported.
Greg Flynn, CEO of the Flynn Groupemphasized the importance of this expansion in a statement for RBI: “Indianapolis is a market we know very well. So when we saw the opportunity to acquire additional Wendy's locations and with responsibility for 40% of the brand's footprint in the market, we immediately went after it.”
This acquisition is part of Flynn Group's wider strategy to increase its presence in the quick service sector. Earlier this year, the company won 83 Wendy's restaurants in New Jersey and Pennsylvania.
Founded in 1999, Flynn Group has grown into the world's largest franchise operator, managing over 2,900 restaurants across brands such as Applebee's, Arby's, Taco BellPanera Bread, Pizza Hut AND Wendy's. The company generates more than $4.5 billion in annual salesreflecting its significant influence on the franchise industry.
Greg FlynnHis journey began with the purchase of his first Applebee's franchise in 1999. He has expanded his portfolio to include multiple brands, demonstrating a keen ability to identify and capitalize on growth opportunities within the franchise sector. .
Related: Greg Flynn owns 1,245 restaurants and earns $2 billion a year. Here's how he did it.
The latest acquisitions underscore Flynn Group's commitment to strategic growth and its confidence in Wendy's brand. As the company continues to expand its footprint, it sets a benchmark for success in the franchise industry, showcasing the potential for growth through strategic purchases and brand diversification.
Read more: Online Restaurant Business