Fazoli's

Fazoli's
Private
Industry Restaurants
Founded 1988 as Gratzi's in Lexington, Kentucky
Headquarters Lexington, Kentucky, U.S.
Key people
 Carl T Howard, President and CEO
Products Fast casual Italian-American food, including spaghetti and meatballs, Fettuccine alfredo, lasagna, ravioli, breadsticks, pizza, Submarinos sandwiches, and salads.
Owner Sentinel Capital Partners
Number of employees
 4700
Slogan fast. fresh. italian.
Website fazolis.com

Fazoli's is an Italian-American fast casual restaurant chain[1][2] based out of Lexington, Kentucky. It was founded in 1988[3] and is now owned by Sentinel Capital Partners.Today, there are over 200 Fazoli’s located nationwide and plans have been installed to expand overseas.[4] The restaurant chain specializes in Italian cuisine and dishes.[2] Carl Howard is the company's president and CEO.[5]

Fazoli's in Valdosta, Georgia

History

In 1988 the concept of the casual Italian-American dinner, Fazoil’s, was set and 2 years later in 1990 the Fazoli’s system was established. Fazoli’s started with five location in the Lexington, Kentucky area. Fazoli’s was originally ran by Jerrico Inc. but later was put up for sale and sold to Duskin Co. Ltd so the Jerrico Inc. could focus on Long John Silver's. Duskin Co. Ltd later formed Seed Restaurant Group with the help of Entrepreneur Kuni Toyoda.[6] Once Kuni Toyoda and Duskin Co. Ltd formed Seed Restaurant Group this group began its ownership of the Fazoli’s system.[7]

During the mid-1990s there was rapid expansion of the company. By the year 1992 the small Lexington based company had grown to include 35 restaurant. This almost doubled in 1993 when Fazoli’s added 25 more locations. By 1992 now totaling 63 location within Kentucky, Indiana, and Florida. During this time the operations of Fazoli’s increased from $500,000 per restaurant per year in total volume to $1 million per restaurant per year in total volume within five year. This rapid financial success made the expansion of Fazoli’s easy and with the start-up cost ranging from $150,000 to $500,000 most location were able to turn a profit within the first year of opening.[8]

Corporate Overview

Fazoli’s restaurants operates in 26 states and has over 217 restaurants.[9] Fazoli’s has a plan to expand overseas to Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Bahrain and Oman. Fazoli’s as made a deal with the World Franchise Associates that assures them the ability to build locations in those locations. Fazoli’s also opened its first college campus location at the Texas Tech University in 2014.[10] The expansion onto the TTU campus is part of the plan to grow the company via non-traditional locations.[11]

Headquarters

The Fazoli’s headquarter in located on Palumbo Drive in Lexington, Kentucky.[12]

Products

During the early years before the help of Kuni Toyoda, Fazoli’s main production was pizza. Toyoda realized that it was not feasible for Fazoli’s to compete with the large pizza chains so the focus should be on the pasta. With this change of focus on pasta the recipes quickly upgraded.[6] Some of the changes that Toyoda made to the pasta was making the pasta more firm and creating larger portions.[7]

In the early 2000's low carb diets became more popular, dropping sales among the company forcing Fazoli’s to rethink its menu. In 2004, the company added eight menu items with eight or less grams of fat and also added new items featuring more vegetables and protein. The company later hired Elizabeth Somer to help with the development of low-calorie and healthy dishes. In 2005, Fazoli’s announced that there would no longer be trans-fat in its breadsticks.[8]

Today, Fazoli’s menu consists of classic Italian dishes, baked pastas, their signature Submarinos sandwiches, pizza, salads, desserts, and unlimited garlic bread sticks. Some of these dishes include:[13]

Fazoli’s also provides specials and family meals that serve up to 4 people. Specials include a Create Your Own Sampler, Lunch Specials, and Senior Specials.[13]

Catering

Fazoli’s provides catering for any event in participating locations. The catering menu offers Group Meal Deals, Fresh Made Pastas, Oven Baked Pastas, Fresh Chopped Salads, Box Lunches, and much more. There is also a full service option that includes table service, plates, and plastic ware. Caterings may be ordered online or in store and are available for pick-up or delivery in certain locations.[14]

Awards

2012

2013

2014

2015

See also

References

  1. ↑ Brandau, Mark (November 26, 2013). "Fazoli's CEO talks turnaround". Nation's Restaurant News. Retrieved 10 July 2014.(subscription required)
  2. 1 2 Oches, Sam (May 18, 2013). "From the Floor: Fazoli's to Launch New Concept". QSR Magazine. Retrieved 10 July 2014.
  3. ↑ http://www.fazolis.com/company-info
  4. ↑ "News | SBC Advertising". www.sbcadvertising.com. Retrieved 2016-05-02.
  5. ↑ Truman, Cheryl (May 23, 2014). "Lexington-based Fazoli's CEO tops list of restaurant industry movers and shakers". Kentucky.com. Retrieved 10 July 2014.
  6. 1 2 History of Fazoli's - Fast Food Menu Prices. (2014). Retrieved April 29, 2016, from http://www.fastfoodmenuprices.com/history-fazolis/
  7. 1 2 Fazoli's Systems, Inc. History. Retrieved April 29, 2016, from http://www.fundinguniverse.com/company-histories/fazoli-s-systems-inc-history/
  8. 1 2 Fazoli's Management, Inc. - Company Profile, Information, Business Description, History, Background Information on Fazoli's Management, Inc. Retrieved May 02, 2016, from http://www.referenceforbusiness.com/history2/42/Fazoli-s-Management-Inc.html
  9. ↑ Company Info. Retrieved May 02, 2016, from http://www.fazolis.com/company-
  10. ↑ Tagalong, E. (2014, September 18). Italian Restaurant Fazoli's Same-Store Sales Shoot Up. Retrieved May 02, 2016, from http://www.franchiseherald.com/articles/6964/20140918/fazolis-franchise-same-store-sales-surge-ahead-industry-see-more.htm
  11. ↑ Texas Tech University to Open Fazoli’s First On-Campus Restaurant. (n.d.). Retrieved May 02, 2016, from http://www.businesswire.com/news/home/20140520005118/en/Texas-Tech-University-Open-Fazoli’s-On-Campus-Restaurant
  12. ↑ Fazoli's Corporate Office - Lexington, KY. Retrieved May 02, 2016, from http://www.yelp.com/biz/fazolis-corporate-office-lexington
  13. 1 2 "Menu - Fazolis". m.fazolis.com. Retrieved 2016-05-02.
  14. ↑ "Catering". Fazoli's. Retrieved 2016-05-02.
  15. 1 2 3 4 "Awards & Recognition". Fazoli's. Retrieved 2016-05-02.

External links


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