Wichita Group 3B Lodge Acquires 5 Twin Peaks Items | Franchise Mergers and Acquisitions
Newly fashioned 3B Lodge bought 5 Twin Peaks places in Kansas Metropolis and Wichita from an present franchisee, PB&J Restaurants.
“We look ahead to having the 3B group, simply so as to add to that with a few of their experience and produce some native aptitude from Wichita, Kansas, into these Twin Peaks lodges,” Twin Peaks CEO Joe Hummel stated.
The brand new Twin Peaks franchisee group includes brothers Brad and Brent Steven in addition to Brian Carduff. Brad and Brent Steven personal Steven Hospitality Group, a Wichita-based agency that owns just a few eating places in Kansas, together with Wine Dive and Kitchen in addition to Vora Restaurant European.
Carduff is an efficient buddy of the brothers, so the 3B group fashioned naturally. “He’s actually good at financials, and it’s undoubtedly a giant bonus to have him with us,” Brent Steven stated.
Brent Steven serves as CEO, Brad Steven is chief working officer and Carduff is chief monetary officer.
The group is simply beginning out, so the three need to take issues slowly with regard to enhancements. “We need to deal with meals high quality, cleanliness, visitor experiences, enhancing little issues right here and there,” Brad Steven stated. “Long term, we need to do extra upgraded services.”
Twin Peaks preferred 3B’s native ties to the Wichita space. Hummel sees the acquisition as a stepping stone to increasing inside the Midwest. “The Midwest is an important place of the nation for us to confide in the west and as much as the north,” Hummel stated.
Twin Peaks’ systemwide gross sales hit $388 million in 2021. The model ranked No. 192 on the Franchise Occasions High 500 checklist. The funding required to open a Twin Peaks franchise ranges from $1.65 million to $4.5 million.
Twin Peaks plans to open 18 new eating places this 12 months, and the model is increasing in worldwide markets as properly. Twin Peaks now has 4 places open in Mexico, with one other three or 4 on the best way, Hummel stated.
“The model goes to proceed to flourish and do the issues we’ve accomplished up to now, and make them higher yearly and entice folks like Brian and Brent and Brad to be part of the buffalo plaid household to proceed to develop our model,” Hummel stated.