Daily Newsletter

08 December 2023

Daily Newsletter

08 December 2023

Zaxby’s to open three new locations in US

The new restaurants will be opened in Vincennes, Indiana; and in Henderson and Madisonville, Kentucky.

Umesh Ellichipuram December 08 2023

US-based fast-casual restaurant chain Zaxby’s will further expand its Midwest footprint by opening three new venues under the leadership of new franchise owner Manish Malhotra.

Known for chicken fingers, wings and signature sauces, Zaxby’s new restaurants will be opened in Vincennes, Indiana; and in Henderson and Madisonville, Kentucky.

Zaxby's development vice president Bert Lane stated: “The expansion of our franchise network is always exciting.

“It's a pleasure to bring new franchise owners into the fold, and it's particularly gratifying to see Manish and his family join us, given our longstanding friendship.

“Manish's commitment and expertise are invaluable to Zaxby's, and I eagerly anticipate his continued success and growth with our brand.”

Zaxby’s now has 930 locations.

Malhotra utilised Zaxby’s incentive programme to facilitate the opening of his new locations. The programme includes select market incentives such as discounts on the standard royalty of 6%, allowing franchisees to increase marketing activities and drive sales in their new markets.

Malhotra stated: “Franchising has been a journey of discovery. Every day brings new learning opportunities and the chance to push the boundaries of growth. I'm thrilled to be part of Zaxby's brand, which values innovation and franchisee success.”

He intends to break ground for its new locations in November 2024.

Last month, Zaxby’s announced that it will open its third location in Cleveland, Tennessee, to further expand its regional network.

Located at 425 Stuart Road NE, the new restaurant will be operated by Cleveland Foods.

Cleveland Foods opened its first Zaxby’s restaurant in Cleveland, Tennessee, in 2000. The latest restaurant will be the franchisee’s third Zaxby’s location in the area.

Could the consumer industry be bolstered by the increased use of AI?

The consumer goods, foodservice, and packaging sectors are undergoing digital transformation, accelerated by the COVID-19 pandemic and changing consumer preferences. Data science and ML are strong investments across all areas. These sectors will help scale up the adoption of AI technologies, such as CV, conversational platforms, and smart robots.

Western Europe foodservice market dynamics

The total revenue of the Western European foodservice profit sector totaled $685.3 billion in 2022, having declined at a negative CAGR of 2.4% during 2017–22. In 2022, FSR was the largest foodservice channel, with a value share of 25.9%, followed by QSR. However, the region’s foodservice sector is poised to bounce back as it is forecasted to register a CAGR of 8.1% by 2027.

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