Flynn Group Expands Portfolio Through Acquisition Of Applebee's Restaurants; Signs Agreement With Applebee's To Open 25 New Restaurants

Flynn Group expands portfolio with acquisition of 26 Applebee's restaurants across Florida and Georgia from Applebee's Franchisee, Doherty Enterprises;

World's largest restaurant franchise operator planning to open 25 new Applebee's restaurants over seven years in new markets across the U.S.

Applebee's, one of the world's largest casual dining brands, recently signed an agreement with the world's largest restaurant franchise operator, Flynn Group, with the goal to open 25 new Applebee's restaurants in the U.S. over the next seven years. This expansion goal is part of Applebee's development strategy to return the brand to net new unit openings.

Tony Moralejo, President of Applebee's, said, "After 44 years as the neighborhood dining destination in America, this agreement reinforces the confidence in the Applebee's brand from our largest franchisee – and the largest franchise operator in the world – Flynn Group. Flynn Group's journey with Applebee's began 25 years ago, and their leadership team, culture, and focus on operational excellence is unparalleled. We're excited to expand our partnership with them and to bring Applebee's to more neighborhoods across the U.S."

Greg Flynn, Founder and Chief Executive Officer of Flynn Group said, "Applebee's has always been a special brand for us, as it has been for millions of guests throughout the country. We feel the love and passion our guests have for Applebee's every day, and we're excited to continue building and growing with Applebee's, as we have for the past two-and-a-half decades. There is untapped potential in markets across the U.S., and we look forward to continuing to do what we do best: serving great food and delivering great experiences to our neighbors."