Bojangles expanding its presence in Texas by signing a multi-unit agreement for five travel center locations

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CHARLOTTE, North Carolina , March 1, 2024 (press release) –

Bojangles is expanding its presence in Texas by signing a multi-unit agreement for five travel center locations. The brand focuses on non-traditional growth strategies and plans to open over 200 restaurants in the coming years. Foodster Fusion, led by Arsh Momin , joins as a franchisee to enhance Bojangles' portfolio. Bojangles, a recognized leader in the QSR space, continues to seek franchisees for its aggressive U.S. expansion.

Key Highlights:

* Foodster Fusion, LLC , a Houston -based franchisee, will lead the non-traditional growth for Bojangles in Texas

* Bojangles has a record AUV of more than $2.2M , positioning itself for successful growth in 2024 and beyond

Original Press Release:

Charlotte, North Carolina , Feb. 28 -- Bojangles issued the following news release:

- Leader in Chicken, Biscuits and Tea Set to Build Five Travel Center Locations Across Multiple Texas Markets

Bojangles, one of the nation’s leading franchises famous for its chicken, biscuits and tea, announced today the signing of a multi-unit development agreement to bring five travel center locations to several markets in Texas , including Lorena (Waco) , Seguin ( San Antonio ) and Tyler . The non-traditional growth will be led by Foodster Fusion, LLC , a Houston -based franchisee with over 15 years of experience in the QSR industry. The deal builds on Bojangles’ pipeline of opening more than 200 restaurants over the next several years. As the brand continues to accelerate its nationwide growth, it is placing an emphasis on non-traditional development in venues such as airports, travel centers, sports stadiums, and college campuses.

“By incorporating non-traditional growth to our expansion strategy, we can introduce Bojangles to much larger audiences and take advantage of the high volume of foot traffic. These new locations will be no different, and we couldn’t be more excited to make our beloved chicken, biscuits and tea available to those making a stop at the travel centers,” said Jim Cannon , chief development officer of Bojangles. “Texas remains a priority for our team, so it was important to partner with an experienced franchisee that has a deep understanding of the region. Foodster Fusion has proven to be a strong operator and clearly shares our commitment to bringing Bojangles to the great people of this state.”

Led by Arsh Momin , Foodster Fusion joins the Bojangles franchisee network focused on growing the group’s portfolio of Bojangles restaurants. Before establishing the Foodster Fusion entity to begin franchising with Bojangles, Momin worked alongside his family, assisting with the day-to-day operations of their franchisee group, Greenville Fortune, LLC . They’ve spent over 15 years as franchisees in the QSR segment and currently own and operate locations with major brands including Subway and SONIC Drive-In.

“With my family’s involvement in the QSR space for over 15 years, I grew up around the industry and developed my own genuine passion for the opportunities it provides over time. I’m proud to be taking on a larger role and super excited to get these Bojangles locations up and running,” said Arsh Momin of Foodster Fusion. “As we looked for a concept to further diversify our portfolio, we wanted to partner with a brand that has loyal customer base and fully believes in what they offer guests. With such a large stake in their corporate stores, it was clear to us from day one that Bojangles was the perfect fit.”

Bojangles continues to be a nationally recognized leader in the QSR space with accolades including being ranked #57 in Franchise Times’ Top 400, #43 in Technomic’s Top 500 Chains, as well as #32 in QSR Magazine’s Top 50 Fast Food Chains of 2021. Most recently, Bojangles ranked #115 in Entrepreneur Magazine’s Top 500.

Bojangles’ compounding success and record AUV of more than $2.2M has continued to position itself for further successful growth throughout 2024 and beyond. Bojangles is continuing to seek qualified franchisees to add to its growing brand portfolio amid its aggressive US expansion. Franchise opportunities remain in regions across the U.S. , including the Southwest, Northeast, Midwest, Mid-Atlantic, and parts of the Southeast. Candidates should have restaurant and business experience, along with a minimum net worth of $1.0M and liquid capital of $500,000 . For both traditional and non-traditional units, operators that meet preliminary qualifications can expect an investment ranging from $590,100 - $2,828,500 . For more information on development opportunities with Bojangles, please visit https://www.bojangles.com/franchising/

[Category: Agricultural Products, Financial/ Capital Market, Investment Banking & Brokerage, Business Expansion]

Source: Bojangles

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