Captain D's Signs Franchise Development Agreements to Expand Footprint Nationwide
(3 months ago)
NASHVILLE, Tenn., Feb. 14: Captain D's, the nation's leading fast casual seafood restaurant, announced today the signing of franchise development agreements that will expand its presence in key markets throughout the Midwest and Southwest.
This growth will bring new restaurants to the greater Dallas, Texas; St. Louis, Missouri; and Columbus, Ohio regions. Captain D's has experienced a surge in franchise and corporate development fueled by its ongoing success over the past several years, with 2017 marking another year of substantial growth for the brand.
"Captain D's continued success has reinforced our position as the leader of the fast-casual seafood segment. Our outstanding business model and exceptional franchisee support have helped us attract new candidates as well as fuel growth from our existing franchise system. We're excited to accelerate these development efforts further in 2018," said Michael Arrowsmith, chief development officer of Captain D's.
The new and existing Captain D's franchise agreements signed include:
•Building on Captain D's ongoing expansion in Texas is new franchisee Mohammad "Jimmy" K. Jamshed of Alaskan Ventures LLC, who has signed a franchise agreement to open a new restaurant in Stephensville. Jamshed has more than 20 years experience in multi-unit executive management, and will be opening his first Captain D's location later this year. Captain D's has continued to target Texas as a key market for development, and this agreement comes on the heels of new restaurant openings within the past 6 months in Houston, Dallas, and Garland.
•First-time Captain D's franchisee Tom Durst has signed an agreement to open a new restaurant in Wentzville, Missouri. Durst has more than a decade of experience in the food service industry, and also operates three additional restaurant concepts throughout the region including a Dairy Queen franchise. This new restaurant will mark Captain D's 19th location in the state, the second in the greater St. Louis area, and is slated to open this summer.
•Existing Captain D's franchisee Ike Khosla has signed a franchise agreement to develop one new restaurant in Chillicothe, Ohio, helping expand the brand's footprint in the greater Columbus market. Khosla currently owns and operates Captain D's restaurants in Goody, Kentucky and Logan, West Virginia, and his newest location is expected to open in early 2019.
"Texas, Missouri, and Ohio are each key regions in our overall growth strategy, as we geographically expand the footprint of our brand. We are thrilled to be developing new restaurants with such experienced franchisees who share our passion and commitment to providing an exceptional dining experience," added Arrowsmith.
Coupled with its ongoing menu innovation, Captain D's credits its new restaurant beach design with contributing to the brand's ongoing strong performance. To date, nearly 75 percent of all restaurants have been reimaged to the brand's new vibrant, coastal design. With these efforts, Captain D's has remained true to what it does best — serving high-quality seafood with warm hospitality at an affordable price in a welcoming atmosphere.
With 533 restaurants in 21 states, Captain D's is the fast-casual seafood leader and number one seafood franchise in America ranked by average unit volume. The company is currently seeking single- and multi-unit operators to join in the brand's rapid expansion.