Flynn Group Expands Portfolio Through Acquisition of Applebee’s Restaurants; Signs Agreement with Applebee’s to Open 25 New Restaurants

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."

Focused on growth, Flynn Group has also successfully completed an acquisition of 26 Applebee’s restaurants in Florida and Georgia from long-standing franchisee, Doherty Enterprises. With the acquisition, Flynn Group further strengthens its position as the world’s largest Applebee’s franchisee, now owning and operating more than 450 Applebee's restaurants across 23 states. In addition to its domestic growth strategy, Flynn Group has also expanded internationally. Over the past year, the business has completed several strategic investments outside the U.S., which have elevated its influence in new markets and added even more depth to its portfolio of consumer facing franchise businesses.

Doherty Enterprises has been an Applebee's franchisee for more than 30 years, and today owns and operates 80 Applebee's restaurants in New York and New Jersey. Team Members working in the acquired restaurants in Florida and Georgia have been offered jobs with Flynn Group, ensuring a continuous experience for guests, and recognizing the dedication of excellent team members.