Arby’s Restaurant Group, Inc. (ARG), franchisor of the iconic, Fast Crafted Arby’s restaurant brand with more than 3,300 restaurants worldwide, announced that business partners, Brady Perrigo and Bill Frayer, joined the Brand as its newest franchisees. Perrigo, 27, of Milwaukee, WI and Frayer, 28, of Grand Rapids, MI, met in graduate school at Stanford University while earning MBA degrees.
“With the tremendous momentum the Arby’s brand is experiencing, Brady and Bill picked an ideal time to join the Arby’s family,” said Greg Vojnovic, Chief Development Officer of Arby’s Restaurant Group, Inc. “We’re excited to see them help grow the Brand’s presence in the Southwest and other parts of the country.”
Perrigo completed his undergraduate studies at the University of Wisconsin – Madison, earning a BBA in Finance, and Frayer attended Colgate University, earning a BA in Economics and Political Science. Both have previous experience as restaurant and specialty retail investors. They are planning to grow the Arby’s brand in Arizona and other regions of the United States.
“As younger entrepreneurs, there’s a lot about Arby’s that we found to be compelling,” said Perrigo. “From a marketing perspective alone, the Brand has done an incredible job expanding the product pipeline with many great new menu items. Arby’s is a differentiated top tier brand that’s becoming part of the conversation again. Bill and I are extremely confident in the Brand and look forward to what we can accomplish.”
The Arby’s business continues to flourish with significant Q3 2015 system same-store sales (SSS) growth of 9.6 percent versus the same quarter last year, outperforming a representative sample of the larger Quick Service Restaurant (QSR) industry by an estimated 7.4 percentage points*, and representing the company’s 20th consecutive quarter of SSS growth. Comparable two-year system sales are up 20 percent for the quarter.
Additionally, Arby’s has accelerated new restaurant development and system remodels with the “Inspire” restaurant design. Through Q3 2015, the Brand has opened 31 new restaurants and completed 95 remodels system-wide. On average, Arby’s remodeled restaurants are experiencing sustained sales increases of approximately 15 percent with some experiencing increases of 20 percent or more. Arby’s is scheduled to open 60 new restaurants and complete more than 160 remodels system-wide through the end of the year.
Arby’s remains on track with its goal to surpass $4 billion in system-wide total sales by the end of 2018. Arby’s has produced an 8.9 percent increase in system SSS through Q3 2015.
*Franchisees reporting for most current period. Industry sample data according to SalesTrack Weekly data provided by The NPD Group, Inc.
With the current growth and momentum of the Brand, Arby’s is actively seeking new franchisees. To learn more about available markets and requirements, visit DiscoverArbys.com.