News

Arby's signs deal for 50 new locations

November 8, 2016

Arby's Restaurant Group has signed an agreement with Parikh Network, LLC, a new franchisee to the Arby's brand, to open 50 new restaurants over the next eight years. Parikh Network also purchased 18 ARG-owned Arby's restaurants in the Baltimore, MD and Harrisburg, PA markets.

Parikh Network CEO Ashish Parikh, and President Amish Parikh are brothers and 10-year veterans of the business, who now have more than 100 restaurants operating under another quick service restaurant brand name. 

"Their track record of operational excellence, including a focus on guest service, and their proven ability to grow their business through new restaurant development year after year has been incredibly impressive," said Arby's CEO Paul Brown, in a news release.

"There has never been a better time to join the Arby's brand," said Ashish Parikh, CEO, Parikh Network, LLC. "With the significant business momentum and continued industry outperformance, the future is very bright for Arby's."

Arby's remains on track with its goal to surpass $4 billion in total system-wide same-store sales by the end of 2018. The brand has achieved 24 consecutive quarters of system-wide same-store sales growth and 15 consecutive quarters of industry outperformance.