Thursday, February 14, 2019

Denny's on pace with refranchising plans

Restaurant Business Online
Denny’s, in the midst of a massive refranchising program, has so far sold 10 restaurants to franchisees, with plans to offload about 100 more company-owned units by mid-2020.

As it announced late last year, the 1,700-unit casual-dining chain aims to ultimately become 95% to 97% franchisee-owned to operate under a “lower-risk business model,” Denny’s President and CEO John Miller said during an earnings call with analysts Tuesday. . . . more