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The multi-unit agreement will see the brand expand across Florida and the Southeast.
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Freddy’s Frozen Custard & Steakburgers has signed a 50-unit development agreement with multi-unit operators RSolution Holdings, to expand the concept’s footprint throughout the Florida west coast and panhandle, with locations slated to open in 2021 in Pensacola and Tampa.
RSolution Holdings is no stranger to the benefits of Freddy’s ownership, having acquired three of the brand’s Florida locations last year. Collectively, members of the RSolution team have over 40 years of experience in business development.
“I was introduced to Randy Simon [Freddy’s co-founder] through our mutual involvement with the International Council of Shopping Centers,” said Gary Grewe, principal at RSolution Holdings. “Randy’s passion for the brand coupled with the impressive proven business model motivated our group to explore Freddy’s franchise opportunities.
“After purchasing several existing locations in Florida, we saw firsthand how well the state’s dual demographic resonated with the concept and didn’t hesitate to expand our partnership with a larger multi-unit deal. Freddy’s shares our commitment to prioritizing our team members and guests above all else, and we’re very excited to be a part of the growth of this terrific brand.”
Despite the pandemic, Freddy’s has continued to grow this year with Q3 marking a 28 per cent increase in year-over-year growth. 2020 has also seen the brand open 29 new locations, with additional sites coming before the end of the year; including the concept’s milestone 400th site.
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