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| {{Infobox company | |||
| | name = Flynn Group LP | |||
| | logo = | |||
| | logo_caption = | |||
| | logo_upright = <!-- default: 1 --> | |||
| | logo_alt = | |||
| | type = Private company | |||
| | industry = Franchising | |||
| | predecessor = <!-- or: predecessors = --> | |||
| | founded = 1999 | |||
| | founder = Gregg Flynn | |||
| | defunct = <!-- {{End date|YYYY|MM|DD}} --> | |||
| | fate = | |||
| | successor = <!-- or: successors = --> | |||
| | hq_location_city = ] | |||
| | hq_location_country = ] | |||
| |areas_served = ], ], USA | |||
| | key_people = | |||
| | products = | |||
| | owner = <!-- or: owners = --> | |||
| | num_employees = 72,000 | |||
| | num_employees_year = 2024 | |||
| | parent = | |||
| | website = <!-- {{URL|example.com}} --> | |||
| }} | |||
| '''Flynn Group LP''' is a major operator of ] ]s and ]s. They operate approximately 2,600 franchise locations around the world, primarily ], ], ], ], ], ] and ]. | '''Flynn Group LP''' is a major operator of ] ]s and ]s. They operate approximately 2,600 franchise locations around the world, primarily ], ], ], ], ], ] and ]. | ||
| == History == | == History == | ||
| The Group was founded in 1999 by Greg Flynn.<ref name= "Reuters" /> Its first acquisitions were eight Applebee's franchises. Early financing was provided by ]. Applebees was initially |
The Group was founded in 1999 by Greg Flynn.<ref name= "Reuters" /> Its first acquisitions were eight Applebee's franchises. Early financing was provided by ]. Applebees was initially wary of the Flynn Group controlling too many franchises and entered an agreement which limited the Group to 11% of franchises. In 2007 Applebees, then under new ownership, lifted the restriction and sold the Group a number of company owned stores. The Group expanded its Applebees holdings during the ].<ref name= "entrepreneur feature" /> | ||
| In 2018 the Group reported yearly sales of 2.3 billion. The Group historically avoided ] franchises, prefering niches with more differentiation between competitors.<ref name= "entrepreneur feature" >{{cite web |last1=LUCAS |first1=SCOTT |title=Greg Flynn Owns 1,245 Restaurants and Makes $2 Billion A Year. Here's How He Did It. |url=https://www.entrepreneur.com/franchises/greg-flynn-owns-1245-restaurants-and-makes-2-billion-a/333187 |website=entrepreneur.com |publisher=Entrepreneur Magazine |access-date=7 January 2025}}</ref> | In 2018 the Group reported yearly sales of 2.3 billion. The Group historically avoided ] franchises, prefering niches with more differentiation between competitors.<ref name= "entrepreneur feature" >{{cite web |last1=LUCAS |first1=SCOTT |title=Greg Flynn Owns 1,245 Restaurants and Makes $2 Billion A Year. Here's How He Did It. |url=https://www.entrepreneur.com/franchises/greg-flynn-owns-1245-restaurants-and-makes-2-billion-a/333187 |website=entrepreneur.com |date=28 May 2019 |publisher=Entrepreneur Magazine |access-date=7 January 2025}}</ref> | ||
| In 2021 the Group acquired 937 Pizza Hut franchises during the bankruptcy of ].<ref>{{cite web |last1=Michaels |first1=Laura |title=Pizza Hut Australia, Planet Fitness Mark Next Stage for Flynn Group |url=https://www.franchisetimes.com/dealmakers/pizza-hut-australia-planet-fitness-mark-next-stage-for-flynn-group/article_74194978-00ec-11ef-9830-ffdf81e9157b.html |website=franchisetimes.com |publisher=Franchise Times |access-date=31 December 2024}}</ref> | In 2021 the Group acquired 937 Pizza Hut franchises during the bankruptcy of ].<ref>{{cite web |last1=Michaels |first1=Laura |title=Pizza Hut Australia, Planet Fitness Mark Next Stage for Flynn Group |url=https://www.franchisetimes.com/dealmakers/pizza-hut-australia-planet-fitness-mark-next-stage-for-flynn-group/article_74194978-00ec-11ef-9830-ffdf81e9157b.html |website=franchisetimes.com |date=25 April 2024 |publisher=Franchise Times |access-date=31 December 2024}}</ref> | ||
| The Group began buying ] franchises in 2021. As of 2024 it operated approximately 5% of Wendy's in the United States with a total of around 300 stores. It is also the ]e for Wendy's in ] and ].<ref>{{cite web |last1=Canham-Clyne |first1=Aneurin |title=Flynn Group buys 32 more |
The Group began buying ] franchises in 2021. As of 2024 it operated approximately 5% of Wendy's in the United States with a total of around 300 stores. It is also the ]e for Wendy's in ] and ].<ref>{{cite web |last1=Canham-Clyne |first1=Aneurin |title=Flynn Group buys 32 more Wendy's |url=https://www.restaurantdive.com/news/flynn-group-buys-32-more-wendys-stores-ahead-of-2025-remodel-push/733666/ |website=restaurantdive.com |publisher=Restaurant Dive |access-date=30 December 2024}}</ref> The New Zealand franchisee Wendco (NZ) Ltd. was acquired in 2023 from the ].<ref>{{cite web |last1=Ruggless |first1=Ron |title=Flynn Group acquires New Zealand Wendy's |url=https://www.nrn.com/mergers-acquisitions/flynn-group-acquires-new-zealand-wendy-s |website=nrn.com/ |date=21 May 2024 |publisher=Nation's Restaurant News |access-date=31 December 2024}}</ref> | ||
| In 2024 they claimed to be the largest operator of franchises in the world.<ref>{{cite web |last1=Cunningham |first1=Waylon |title=Flynn Group buys 83 more Wendy's franchises in US |url=https://www.reuters.com/business/retail-consumer/flynn-group-buys-83-more-wendys-franchises-us-2024-08-15/ |website=reuters.com |publisher=Reuters |access-date=31 December 2024}}</ref> | In 2024 they claimed to be the largest operator of franchises in the world.<ref>{{cite web |last1=Cunningham |first1=Waylon |title=Flynn Group buys 83 more Wendy's franchises in US |url=https://www.reuters.com/business/retail-consumer/flynn-group-buys-83-more-wendys-franchises-us-2024-08-15/ |website=reuters.com |publisher=Reuters |access-date=31 December 2024}}</ref> and they were the largest Applebees operator in the world with more than 450 restaurants. Annual sales were approximately $4.5 billion.<ref name= "restaurant business online applebees" >{{cite web |last1=Lalley |first1=Heather |title=Greg Flynn expands his Applebee's empire |url=https://www.restaurantbusinessonline.com/financing/greg-flynn-expands-his-applebees-empire |website=restaurantbusinessonline.com |publisher=Restaurant Business |access-date=7 January 2025}}</ref> | ||
| In 2024 the Group reportedly explored the sale of a majority stake in the company.<ref name= "Reuters" /> However the company quickly denied that they had with Greg Flynn clarifying that they were instead undergoing an equity ].<ref name= "Franchise Times Not Selling" >{{cite web |last1=Halpern |first1=Joe |title=Greg Flynn: |
In 2024 the Group reportedly explored the sale of a majority stake in the company.<ref name= "Reuters" /> However the company quickly denied that they had with Greg Flynn clarifying that they were instead undergoing an equity ].<ref name= "Franchise Times Not Selling" >{{cite web |last1=Halpern |first1=Joe |title=Greg Flynn: 'I'm Not Selling and We're Not Going Anywhere' |url=https://www.franchisetimes.com/greg-flynn-i-m-not-selling-and-we-re-not-going-anywhere/article_5a1a070a-d0c8-11ee-82af-77bb156e2077.html |website=franchisetimes.com |date=21 February 2024 |publisher=Franchise Times |access-date=31 December 2024}}</ref> | ||
| In March 2024 in response to claims that the Group had inserted a loophole into California law which would allow Panera franchises to charge lower wages than other restaurants Gregg Flynn said that all of the Group's restaurants in California would pay 20 dollars an hour or better.<ref>{{cite web |last1=Zavala |first1=Ashley |title=Panera franchisee Greg Flynn says his California restaurants will pay a minimum of $20 an hour |url=https://www.kcra.com/article/california-greg-flynn-panera-20-dollar-minimum/60104256 |website=kcra.com |publisher=KRCA |access-date=7 January 2025}}</ref> | In March 2024 in response to claims that the Group had inserted a loophole into California law which would allow Panera franchises to charge lower wages than other restaurants Gregg Flynn said that all of the Group's restaurants in California would pay 20 dollars an hour or better.<ref>{{cite web |last1=Zavala |first1=Ashley |title=Panera franchisee Greg Flynn says his California restaurants will pay a minimum of $20 an hour |url=https://www.kcra.com/article/california-greg-flynn-panera-20-dollar-minimum/60104256 |website=kcra.com |date=6 March 2024 |publisher=KRCA |access-date=7 January 2025}}</ref> | ||
| == Operations == | == Operations == | ||
| The Group is headquartered in ].<ref>{{cite web |last1=Jennings |first1=Lisa |title=Flynn Group acquires 83 more Wendy's units |url=https://www.restaurantbusinessonline.com/financing/flynn-group-acquires-83-more-wendys-units |website=restaurantbusinessonline.com |publisher=Restaurant Business |access-date=31 December 2024}}</ref> A support office is located in ].<ref name= "entrepreneur feature" /> | The Group is headquartered in ].<ref>{{cite web |last1=Jennings |first1=Lisa |title=Flynn Group acquires 83 more Wendy's units |url=https://www.restaurantbusinessonline.com/financing/flynn-group-acquires-83-more-wendys-units |website=restaurantbusinessonline.com |publisher=Restaurant Business |access-date=31 December 2024}}</ref> A support office is located in ].<ref name= "entrepreneur feature" /> | ||
| As of 2024 the Group operated around 2,600 franchise locations around the world, primarily of Applebee’s, Arby's, Pizza Hut, Wendy's, Panera Bread, Taco Bell, and Planet Fitness.<ref name= "Franchise Times Not Selling" /> | As of 2024 the Group operated around 2,600 franchise locations around the world, primarily of Applebee’s, Arby's, Pizza Hut, Wendy's, Panera Bread, Taco Bell, and Planet Fitness.<ref name= "Franchise Times Not Selling" /> They had approximately 72,000 employees.<ref name= "restaurant business online applebees" /> | ||
| The company engages in a complex menu strategy overseen by a team of ]s and ]s.<ref>{{cite web |last1=Haddon |first1=Heather |title=How |
The company engages in a complex menu strategy overseen by a team of ]s and ]s.<ref>{{cite web |last1=Haddon |first1=Heather |title=How America's Largest Restaurant Franchisee Decides When to Raise Prices |url=https://www.wsj.com/articles/how-americas-largest-restaurant-franchisee-decides-when-to-raise-prices-178d3295 |website=wsj.com/ |date=21 May 2023 |publisher=Wall Street Journal |access-date=31 December 2024}}</ref> | ||
| == Investors == | == Investors == | ||
Latest revision as of 12:55, 9 January 2025
| Company type | Private company |
|---|---|
| Industry | Franchising |
| Founded | 1999 |
| Founder | Gregg Flynn |
| Headquarters | San Francisco, USA |
| Areas served | Australia, New Zealand, USA |
| Number of employees | 72,000 (2024) |
Flynn Group LP is a major operator of franchise restaurants and health clubs. They operate approximately 2,600 franchise locations around the world, primarily Applebee’s, Pizza Hut, Arby's, Wendy's, Taco Bell, Panera Bread and Planet Fitness.
History
The Group was founded in 1999 by Greg Flynn. Its first acquisitions were eight Applebee's franchises. Early financing was provided by Goldman Sachs. Applebees was initially wary of the Flynn Group controlling too many franchises and entered an agreement which limited the Group to 11% of franchises. In 2007 Applebees, then under new ownership, lifted the restriction and sold the Group a number of company owned stores. The Group expanded its Applebees holdings during the Great Recession.
In 2018 the Group reported yearly sales of 2.3 billion. The Group historically avoided hamburger franchises, prefering niches with more differentiation between competitors.
In 2021 the Group acquired 937 Pizza Hut franchises during the bankruptcy of NPC International.
The Group began buying Wendy's franchises in 2021. As of 2024 it operated approximately 5% of Wendy's in the United States with a total of around 300 stores. It is also the master franchisee for Wendy's in New Zealand and Australia. The New Zealand franchisee Wendco (NZ) Ltd. was acquired in 2023 from the Lendich family.
In 2024 they claimed to be the largest operator of franchises in the world. and they were the largest Applebees operator in the world with more than 450 restaurants. Annual sales were approximately $4.5 billion.
In 2024 the Group reportedly explored the sale of a majority stake in the company. However the company quickly denied that they had with Greg Flynn clarifying that they were instead undergoing an equity recapitalization.
In March 2024 in response to claims that the Group had inserted a loophole into California law which would allow Panera franchises to charge lower wages than other restaurants Gregg Flynn said that all of the Group's restaurants in California would pay 20 dollars an hour or better.
Operations
The Group is headquartered in San Francisco. A support office is located in Independence, Ohio.
As of 2024 the Group operated around 2,600 franchise locations around the world, primarily of Applebee’s, Arby's, Pizza Hut, Wendy's, Panera Bread, Taco Bell, and Planet Fitness. They had approximately 72,000 employees.
The company engages in a complex menu strategy overseen by a team of economists and data scientists.
Investors
Company managers, the Ontario Teachers' Pension Plan, and private equity group Main Post Partners each own roughly a third of the company.
Sources
- ^ Summerville, Abigail. "Exclusive: Flynn Group, world's largest franchisee, explores $5 bln-plus sale -sources". reuters.com. Reuters. Retrieved 30 December 2024.
- ^ LUCAS, SCOTT (28 May 2019). "Greg Flynn Owns 1,245 Restaurants and Makes $2 Billion A Year. Here's How He Did It". entrepreneur.com. Entrepreneur Magazine. Retrieved 7 January 2025.
- Michaels, Laura (25 April 2024). "Pizza Hut Australia, Planet Fitness Mark Next Stage for Flynn Group". franchisetimes.com. Franchise Times. Retrieved 31 December 2024.
- Canham-Clyne, Aneurin. "Flynn Group buys 32 more Wendy's". restaurantdive.com. Restaurant Dive. Retrieved 30 December 2024.
- Ruggless, Ron (21 May 2024). "Flynn Group acquires New Zealand Wendy's". nrn.com/. Nation's Restaurant News. Retrieved 31 December 2024.
- Cunningham, Waylon. "Flynn Group buys 83 more Wendy's franchises in US". reuters.com. Reuters. Retrieved 31 December 2024.
- ^ Lalley, Heather. "Greg Flynn expands his Applebee's empire". restaurantbusinessonline.com. Restaurant Business. Retrieved 7 January 2025.
- ^ Halpern, Joe (21 February 2024). "Greg Flynn: 'I'm Not Selling and We're Not Going Anywhere'". franchisetimes.com. Franchise Times. Retrieved 31 December 2024.
- Zavala, Ashley (6 March 2024). "Panera franchisee Greg Flynn says his California restaurants will pay a minimum of $20 an hour". kcra.com. KRCA. Retrieved 7 January 2025.
- Jennings, Lisa. "Flynn Group acquires 83 more Wendy's units". restaurantbusinessonline.com. Restaurant Business. Retrieved 31 December 2024.
- Haddon, Heather (21 May 2023). "How America's Largest Restaurant Franchisee Decides When to Raise Prices". wsj.com/. Wall Street Journal. Retrieved 31 December 2024.