Freddy’s Opened 30 Restaurants in 2020

Share on FacebookTweet about this on TwitterFreddy's InstagramPin on PinterestEmail to someone

1/26/2021

Freddy’s Frozen Custard & Steakburgers announced that it experienced significant development success in 2020, opening 30 new restaurants in key markets throughout the U.S., including its milestone 400th location. Despite a challenging industry landscape, Freddy’s commitment to innovation and customer experience helped the brand maintain strong systemwide sales throughout the pandemic and fuel ongoing growth efforts, reporting AUV growth of 6.5 percent. The brand’s continued success also fueled a surge in franchise development throughout the year, including signing six new development groups that committed to over 60 development options as well as signing 11 new development agreements with existing Freddy’s franchisees who committed to additional territory and over 70 new restaurant options.

“2020 brought unprecedented challenges to the restaurant industry and beyond, but our unwavering commitment to operating our business The Freddy’s Way has been the driving force behind our continued success. This philosophy has enabled us to develop close relationships with each and every franchisee, and that unique mutual support proved to be a huge strength as we all navigated this new environment together,” says Randy Simon, President and CEO of Freddy’s Frozen Custard & Steakburgers. “Our ability to continue growing and thriving despite the toughest of circumstances is a testament to the viability of the Freddy’s franchise model. We are thrilled to be heading into 2021 with a strong growth pipeline that positions us for further success.”

Read more: QSR Magazine

|