AMERICAN FORK, UTAH--(BUSINESS WIRE)--
Restaurant development, investment, operations and management company Four Foods Group (FFG) closed out 2016 by nearly adding 100% revenue growth and securing a spot at No. 116 on the coveted annual Restaurant 200 list from national business publication, Franchise Times magazine. And with the added 55% growth in the first half of 2017, Four Foods Group continues pace as one of the fastest growing restaurant groups in the nation.
With an established presence as the largest franchisee in fast growing Kneaders Bakery & Café, FFG moved on to acquire a majority stake in brands R&R BBQ, The Soda Shop and MoBettahs and will scale each brand to new levels. FFG enters the second half of the year with a portfolio of 106 restaurant locations across the country with 11 additional locations under development. In February of 2017 they acquired 48 Little Caesars restaurants in Alabama and Louisiana with new growth into the Florida region later this year. FFG now owns and operates restaurants in 8 states.
“As a Utah Based company, we are thrilled to be recognized by the Restaurant 200 as one of the leading restaurant concept incubators and management growth companies in America,” said FFG Co-Founder and Chief Executive Officer Andrew K. Smith. “At a time of such rapid growth for FFG, I couldn’t be more proud of our team for their dedication in accomplishing such monumental goals for our growth. We are excited to add more locations to our portfolio and to acquire additional brands and grow them throughout the United States.”
Kimo Mack, co-founder of MoBettahs Hawaiian Style, is delighted with the news, commenting on their partnership with FFG by saying, “knowing that our brand is in the hands of one of the top five fastest growing operators in the country is an unbelievable feeling. We’re honored to be working alongside the Four Foods Group team and feel confident in their proven ability to take our brand to the next level. We’re looking forward to an even brighter future with these guys by our side.”
Released yearly by Franchise Times magazine, the nation's top publication devoted exclusively to the franchise community, the Restaurant 200 list ranks the top 200 restaurant owners in the United States. Ranking is decided by publicly available data for the largest restaurant groups in the country, surveyed by Restaurant Finance Monitor.
The restaurant groups on the list represent roughly 5 percent of the overall restaurant industry revenue, collectively generating $37.5 billion in revenue and operating nearly 27,000 restaurants. Applebee’s, Taco Bell and Panera giant Flynn Restaurant Group maintains its No. 1 spot after almost hitting the $2 billion revenue mark, but groups FFG and The RC Group of Maryland are catching up, both adding 91 percent to the topline revenue of the Restaurant 200.
More information about Four Foods Group can be found at www.fourfoodsgroup.com
About Four Foods Group
Four Foods Group (FFG) is a restaurant investment, development, operations and management company with 105 restaurant locations with two to five additional sites in development or under construction every month. FFG has ranked among Inc. Magazine’s 500/5000 Fastest Growing Companies in America for six consecutive years, a Mountain West Capital Network (MWCN) 100 recipient for five years running, and as a Utah Valley (UV) 50 company for seven years running. The company currently employs more than 3,400 employees, with more than 145 at their corporate offices in American Fork, Utah and Birmingham, Alabama. Their restaurants rank among the Technomic Top 150 Fast Casual Restaurants.
Copyright Business Wire 2017