Company officials say that while the company is working to attract new franchisees, they don’t want it to grow too quickly.
Wichita’s Freddy’s Frozen Custard & Steakburgers continues to grow beyond its hometown.
The company has reached a new stage in its development. It has largely perfected the product and is now working to push growth.
Freddy’s co-founder and president Bill Simon said the company’s executives are spending a lot of time evaluating locations for corporate and franchisee stores.
The chain has 16 restaurants and expects to have 26 by the end of 2008. Freddy’s reported record sales and profits in 2007, as sales chainwide grew 57%, officials said.
Sales at stores open more than 15 months, a key statistic in the restaurant business, grew 16% last year. Revenue and fees from franchisees increased 81% in 2007 over the prior fiscal year.
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