As part of this new franchising agreement, Chaac Foods will open 40 new Bojangles stores over the next seven years.
Southern restaurant Bojangles has announced a new business venture with Chaac Foods Restaurants, which the franchisor is calling the ‘40 and 40 deal’.
As part of this arrangement, Chaac Foods will open 40 new stores over the next seven years, comprising 20 in Georgia, 15 in the Orlando, Florida area, and a further five in Tennessee.
Chaac Foods will also acquire 40 existing, corporate-owned locations across the Georgia, South Carolina, and Tennessee markets.
“We are thrilled to join forces with the accomplished team at Chaac Foods,” said Jose Costa, chief development officer for Bojangles. “The company’s caliber of operations is well-recognized, and to have a partner with that pedigree invest in Bojangles speaks volumes about our brand and our growth plans for the future.”
Chaac Foods Restaurants is an experienced multi-brand operator, having an existing portfolio of 135 Pizza Hut restaurants, as well as several Cru Food & Wine Bars, Ling & Louie’s, Applebee’s, and Panda Express locations in nine states.
“We welcome Bojangles to the Chaac Foods family and are excited to participate in the growth of this highly regarded brand,” said Sam Banon, senior vice president at Gauge Capital, which acquired Chaac Foods in 2019.