StreetInsider.com:
Fazoli’s, which has been setting a new milestone for sales and profits in recent months, is announcing commitments for seven new restaurants to be opened by three new franchisees, underscoring the brand’s revitalization.
The newest franchisees are Par Mar Stores in West Virginia and Ohio, TeCaSe of Murray, Ky. and CCreations of New Whiteland, Ind.
The first Fazoli’s unit in a travel plaza is set to open around the beginning of 2012 in a strategic partnership with Par Mar Stores, a division of Par Mar Oil Co. That 1,500-square foot unit will offer seating as well as carryout and drive-thru services. It is under construction in Fairmont, W.Va.
Par Mar has a three-unit development agreement with Fazoli’s and is planning to open the remaining two in 2012 and 2013.