ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Bojangles Marks Next Chapter of Westward Expansion with Multi-Unit Development Agreement in Phoenix

Experienced Franchisee Inks Additional 20-Unit Restaurant Deal with Leading Chicken Brand

Bojangles, one of the leading chicken and breakfast brands famous for its made-from-scratch food, announced today the signing of a multi-unit development agreement that will bring 20 new restaurants to Phoenix, marking the next chapter of the brand’s expansion West. The growth will be led by operators, LVP Restaurant Group, LLC, an entity of LV Petroleum, in partnership with Kingsbarn Realty Capital, serving as real estate developer. This agreement is an extension of the group’s partnership with Bojangles, signing a multi-unit development agreement last year to bring 20 first-to-market restaurants to Las Vegas, and 10 non-traditional units in TravelCenters of America locations across the West.

“We’re excited to expand our partnership with LVP and Kingsbarn as we continue to grow Bojangles outside of our core in the Southeast. They have proven to be strong operators, have a deep understanding of their markets, and share our commitment to bringing Bojangles West,” said Jim Cannon, chief development officer of Bojangles. “With the consumer demand for chicken at an all-time high, there has never been a better time to be in the segment, and our new boneless platform has resonated strongly in each new market we enter. We know guests in Phoenix are going to love the Southern flavor of Bojangles food and hospitality, and we look forward to working closely with the LVP and Kingsbarn teams to open these restaurants.”

Founded by Lissette Amiel, LV Petroleum’s executive team has over 30 years of experience in the QSR industry. Jeanette Davis, the group’s vice president of food and franchise brands, will lead the construction and development of the new Bojangles restaurants in Phoenix. Before joining LVP, Davis served as the director of operations of 13 different QSR brands within 107 locations across the United States, which has since grown to 18 brands within her portfolio including Arby’s, Carl’s Jr., and Subway. LVP Restaurant Group has cultivated a strong presence in the Phoenix region through the team’s C-store operations, bringing a deep knowledge and understanding of the QSR market as they expand their portfolio in the area with Bojangles.

“We are firm believers in the direction Bojangles is heading, and we couldn’t pass up the opportunity to increase our commitment with the brand, expanding its footprint into Phoenix,” said Jeanette Davis, vice president of food and franchised brands at LVP Restaurant Group. “From our experience in the market, we know excellence is required to stand out and attract customers throughout all dayparts. Bojangles will be welcomed with open arms in the West Valley, and we are excited to be a part of the journey.”

Last year, Bojangles announced the launch of its expansion strategy, including a streamlined boneless chicken menu, new building design and new staffing model across new and existing markets. This system-wide change was implemented to simplify operations and enhance the guest experience. The brand has implemented this new strategy within several restaurants across the U.S., most recently in Ohio, Texas, and Florida, among others.

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, ranking #115 and one of the best chicken franchises. 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/.

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, N.C., Bojangles® serves menu items such as made-from-scratch biscuit breakfast sandwiches, delicious hand-breaded chicken, flavorful fixins (sides) and Legendary Iced Tea®. Currently, Bojangles has more than 800 systemwide restaurants in 17 states. Over the past several years, the brand has garnered noteworthy industry recognition including being named No. 4 in the chicken category by Entrepreneur Magazine, ranking #43 in Technomic’s Top 500 Chains, and #32 in QSR’s Top 50 Fast Food Chains. For more information, visit www.bojangles.com or follow Bojangles on Facebook, Instagram and Twitter.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.