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TRY Barings BDC Inc

9.045
0.00 (0.00%)
11:34:46 - Realtime Data
Share Name Share Symbol Market Type
Barings BDC Inc TG:TRY Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 9.045 8.955 9.185 0.00 11:34:46

Arby's Signs Four Franchise Agreements to Develop 30 New Locations

02/09/2004 3:00pm

PR Newswire (US)


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Arby's Signs Four Franchise Agreements to Develop 30 New Locations FORT LAUDERDALE, Fla., Sept. 2 /PRNewswire/ -- Arby's Franchise Trust has announced the signing of four multi-unit development agreements with existing franchisees to develop 30 new Arby's restaurants in the next four years. These agreements provide for the development of new Arby's restaurants in Nebraska, Iowa, Illinois, Wisconsin, Virginia and North Carolina. "It is especially gratifying that four long-term franchise organizations have strengthened their commitment to Arby's," said Jordan Krolick, Senior Vice President of Business Development. "These new locations will showcase the renewed enthusiasm and excitement for the Arby's experience while providing our guests more convenience." The following are details of each signed development agreement: - Matt Johnson, president and CEO of DRM, Inc. has agreed to develop 16 new Arby's locations in four states. DRM is one of Arby's 10 largest franchisees with over 58 restaurants in Iowa, Wisconsin, Nebraska and Illinois. The Johnson family has been Arby's franchise owners since 1968. - Joe Brumit, president of The Winning Team, Inc., has committed to develop four new Arby's restaurants over the next three years. He currently owns and operates 36 Arby's locations in North Carolina, and has been a franchisee since 1988. - Richard Ripp, president of The Restaurant Company, has agreed to add five new Arby's in the next five years to his current 17 located in Virginia. Ripp's units are among the highest sales leaders in the company. He has been an Arby's franchise owner since 1967. - Oren Trefz and Paul Trefz, owners of Trefz & Trefz, Inc., have committed to develop five new Arby's restaurants in North Carolina. They currently own and operate five locations in Georgia, 10 in South Carolina and eight restaurants in North Carolina. They have been franchisees since 1970. Arby's, LLC is an innovative restaurant company, bringing consumers fresh and unique tasting food, which provides growth opportunities for both our existing and new franchisees. As of August 1, 2004, Arby's services more than 3,450 franchised restaurants in 48 states and five countries with system wide sales of over $2.7 billion. Arby's is a subsidiary of Triarc Companies, Inc. (NYSE: TRY; TRY.B). Arby's, LLC also services the Pasta Connection and T.J. Cinnamons brands. Learn more about Arby's unique tastes and franchising opportunities at http://www.arbys.com/ . DATASOURCE: Arby's, LLC CONTACT: Cathie Koch, Director, Corporate Communications, +1-404-467-6849, for Arby's, LLC Web site: http://www.arbys.com/

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