Shipley Do-Nuts Signs Development Deal for First North Carolina Locations

Shipley Do-Nuts, known for its delicious do-nuts, kolaches, and beverages, is set to open its first North Carolina locations in late 2024.

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Here’s what we’ve got for you today:

  • Shipley Do-Nuts signs deal to open first locations in North Carolina, starting in late 2024

  • Big Chicken signs 20-unit deal for expansion in Michigan

  • Huddle House has a new prototype that’s setting sales records

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SHIPLEY BUILDIN’ QUICKLY

Shipley Do-Nuts has signed a development deal to open its first North Carolina locations in late 2024 (Read Here)

Shipley Do-Nuts

Expanding presence: Shipley Do-Nuts, founded in Texas in 1936, currently operates over 340 locations across 12 states. The brand offers a wide variety of do-nuts, kolaches, and beverages. The move to North Carolina marks the company's expansion into a new territory.

Continued growth: Shipley Do-Nuts has been rapidly expanding throughout the South and Southeast, opening new locations in Maryland and Georgia this year. The company is also exploring development opportunities in the Midwest, demonstrating its commitment to continued growth and brand presence.

💰 THE MONEY SHOT

Quickly Shipley’s: Shipley Do-Nuts is set to make its debut in North Carolina with the opening of three locations in the Charlotte area. The franchisees and the brand's expansion plans reflect the company's dedication to growth and providing its iconic treats to new markets.

For a contact list of Shipley Do-Nuts property owners reply “Shipley Do-Nuts List” to this email.

HACK-A-SHAQ

Big Chicken, a fast-casual concept founded by Shaquille O’Neal, has signed a 20-unit development deal for Michigan (Read Here)

Matthew Liedke/Franchise Times

Big Chicken's Michigan Expansion: Big Chicken has partnered with franchisee company H&D Group Investments to open 20 new locations in Michigan, including cities such as Detroit, Ann Arbor, Lansing, Flint, Saginaw, and Mount Pleasant.

Dave's Hot Chicken's Virginia Deal: Dave's Hot Chicken has signed a deal with its original franchisees, Deryl Pangelinan, Andrew Voss, Chris Cook, Andrew Fehali, and Lawrence Kourie, to open 12 additional units in the state of Virginia. The franchisees already own 10 units across Arizona, California, and Nevada.

💰 THE MONEY SHOT

Expanding Franchises and New Deals: In addition to Big Chicken and Dave's Hot Chicken, other brands such as PayMore, Serotonin Centers, Twin Peaks, Pet Evolution, Hand & Stone Massage and Facial Spa, Bad Ass Coffee of Hawaii, Discover Strength, and Regis Corp. have also announced expansion plans and new franchise deals.

For a contact list of Big Chicken and Dave’s Hot Chicken property owners reply “Big Chicken List” to this email.

HUSTLE HOUSE

New CEO Sees Growth Opportunities in Family Dining Segment (Read Here)

Huddle House

Oh Really: James O'Reilly, the CEO of Huddle House and Perkins owner Ascent Hospitality Management, believes that the family dining segment offers significant growth potential in the full-service restaurant industry.

Gap in the Market: O'Reilly believes that family dining chains like Huddle House and Perkins can fill a void by offering elevated value and experience at lower price points. He sees potential for these brands to become destinations for family dining in suburban areas and smaller towns.

💰 THE MONEY SHOT

Expanding Through Franchising and M&A: Ascent Hospitality Management plans to grow its portfolio by adding more franchise agreements and pursuing mergers and acquisitions. The company aims to deepen and broaden its expertise in the family dining segment while achieving scale and expanding its market presence.

For a contact list of Huddle House and Perkins property owners reply “Huddle House List” to this email.

TRIPLE NET TENDIES

🧠 Thought Leader: Aaron Allen shares how some FSR restaurants are managing to grow at an accelerated pace (First Watch, Texas Roadhouse, Fogo)

👂 Ear Hustle: Chris Powers interviews Kyle Matthews about The Blueprint for Becoming a Successful Broker

💎 Web Gem: FSR Magazine shares the Top 10 Casual-Dining Chains

NET LEASE NUGGIES

  • Luxury Retailers: Leasing More than Double They Did Last Year (Gucci, Louis Vuitton, Ralph Lauren)

  • Discounted Loan Payoffs: A potential solution for Maturing Loans in commercial real estate as lenders face pressure to remove from books

  • Young Brokers: Despite the challenges, many young office brokers feel energized and optimistic about the opportunities in the industry

  • WeTwerk: WeWork has decided not to make interest payments of approximately $95 million as it navigates its financial crisis

  • Tex-Mex: Palacios Murphy Hospitality is set to open a new Mandito's Tex-Mex location in Katy, TX in early 2024

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