Flynn Restaurant Group is already the largest franchisee company in the world and is now going international.
The organization recently agreed to take over Pizza Hut's roughly 260-unit Australia business. The operator purchased the master franchisee license from Sydney‑based private investment firm Allegro Funds.
The company has now acquired Australian Pizza Hut stores, a portfolio of around 260 locations. CEO and founder of Flynn Restaurant Group, Greg Flynn, said in a statement that this is an incredibly exciting moment for the company.
“We spent our first 12 years growing in Applebee’s and then the next 12 years diversifying as a domestic franchise operator. In this next chapter, we’re layering on international expansion, and the growth potential is essentially unlimited.”
This deal, expected to be completed by the end of June 2023, will total Flynn Restaurant Group’s ownership of more than 2,600 restaurants in the quick service sector. The group has generated over $4.5 billion in sales and employs over 75,000 staff.
