Fazoli’s Comp Sales Growth Streak Enters Second Year

MarketWatch:

Odus Mundy, a multi-unit Fazoli’s franchise owner is hearing things in his Tennessee restaurants that he likes. Guests frequently comment about Fazoli’s improved food that is now presented on real plates, its new table service and fresh decor. But Mundy really likes what he sees: full tables that are driving sales increases as much as 20 percent.

Like other Fazoli’s franchisees who have embraced the company’s new menu, expanded service program (ESP) and remodeling program, Mundy is experiencing his strongest sales in years. “I was the first franchisee to roll out ESP, and I’m very thankful I did,” he said. Mundy, who has revamped three units, has found that his food and labor costs have remained about the same. “Profitability is much better than last year,” he added.

Carl Howard, president and CEO, said Fazoli’s turnaround has hit a critical milestone — 15 months of continuous comp-store sales growth for both franchised and company restaurants.

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