Bojangles’® Franchise Partners Sign Additional Development Agreements
24 February 2016 - 12:08AM
Business Wire
Three New Development Agreements Continue Brand
Expansion in New and Existing Markets
Bojangles’, Inc. (NASDAQ: BOJA), the popular restaurant chain
known for its breakfast served all day, every day,
uniquely-seasoned and marinated bone-in chicken, and
made-from-scratch buttermilk biscuits, today announced that it has
recently signed three new multi-unit development agreements with
existing franchisees.
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New restaurants will have a similar look
to the pictured Bojangles' location. (Photo: Bojangles')
The new development agreements are anticipated to result in
multiple new Bojangles’ restaurant locations across the Southeast,
and will expand the brand in existing and new markets. According to
the agreements, over the next several years new franchise locations
are expected to be constructed in Georgia, Alabama and Northern
Florida. A key strategic initiative for the Company is to expand
its footprint through greater scale in adjacent markets within the
Southeast, while filling in its core North and South Carolina
markets.
“These new development agreements show the confidence our
franchisees have in us, our partnership, and the Bojangles’ brand,”
said Bojangles' President and CEO Clifton Rutledge. “Our growth
strategy is clear and sound. We will expand as a brand the smart
way, growing into adjacent markets where we can leverage brand
recognition, while continuing to create real value for those who
believe in the Bojangles’ brand.”
The franchise organizations that will be expanding their
business relationship with Bojangles’ all have been actively
developing and opening new restaurants with the iconic brand for
more than a decade.
- Bo Benton, Inc. currently
operates 10 restaurants in the Myrtle Beach, South Carolina
market.
- Bojland Restaurant Group
currently operates eight restaurants in the greater Augusta,
Georgia market.
- Jeniel, LLC currently operates
14 restaurants in the Pee Dee region of North and South Carolina
and in the Atlanta, Georgia market.
Fans are attracted to Bojangles’ proprietary, made-from-scratch
fare, offering a flavor profile unlike anything in the market. The
menu features southern classics with Bojangles’ one-of-a kind
flavors, including fresh, never frozen, hand-breaded bone-in
chicken, buttermilk biscuits, wraps, salads, sandwiches, flavorful
fixin’s like dirty rice and Cajun pintos, and Legendary Iced Tea®
steeped the old-fashioned way. For more information, visit
www.bojangles-franchise.com.
About Bojangles', Inc.
Bojangles', Inc. is a highly differentiated and growing
restaurant operator and franchisor dedicated to serving customers
high-quality, craveable food made from our Southern
recipes. Founded in 1977 in Charlotte, NC, Bojangles' serves
menu items such as delicious, famous chicken, made-from-scratch
buttermilk biscuits, flavorful fixin's and Legendary Iced
Tea®. At September 27, 2015, Bojangles' had 657 system-wide
restaurants, of which 274 were company-operated and 383 were
franchised restaurants, primarily located in the Southeastern
United States. For more information, visit www.bojangles.com or
follow Bojangles' on Facebook and Twitter.
Forward-Looking Statements
This press release contains forward-looking statements. All
statements other than statements of historical fact included in
this press release are forward-looking statements. These statements
are not guarantees of future performance and involve a number of
known and unknown risks, assumptions, trends, uncertainties and
factors that are beyond our control. Should one or more of these
risks or uncertainties materialize or should underlying assumptions
prove incorrect, actual results may vary materially from those
anticipated, estimated or projected. We undertake no obligations to
update or revise publicly any forward-looking statements, whether
as a result of new information, future events or otherwise than as
required under the federal securities laws.
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Bojangles’, Inc.Brian K. Little,
704-519-2118blittle@bojangles.com
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