Now we focus on buying bigger assets, financing them in a cost efficient way and accelerate opportunities that are either undermanaged, poorly capitalized or growing well but in the mid-to-early stages of growth that we can accelerate,” Gowda said. “It took us a little while to get the snowball going, but now we have a scalable platform with Church’s. REGO plans to continue taking advantage of the mergers & acquisitions market while it remains hot. Gowda would like to get to at least 10 brands and double its EBITDA (earnings before interest, taxes, depreciation and amortization) to north of $100 million in the next few years. Janae Price Courtesy of Church's Chicken For a lot of fast food chains, this time of year has almost always been fish sandwich season, largely thanks to Lent. With the acquisition of the chicken chain, REGO Restaurant Group diversifies its portfolio that already includes sub chain Quiznos and Mexican concept Taco Del Mar. In two or three years, we’ll be leading this category versus following in this category.” “We recognize we’ll fail sometimes but we’ll win big sometimes. Our operators are thirsty for this type of innovation,” Gowda said. International is one of our strongest assets and it will help us bring forward great products that will generate great sales. “We have this wonderful international business and we can take all the flavors that we put into those businesses and import them here that are in high demand.
#Churchs chicken fish driver
He also likes the momentum Church’s has with its international business, its strongest driver of growth throughout the past two years. He wants to grow its footprint, including in nontraditional ways such as ghost kitchens–a plan he’s deploying with REGO’s other brands.įurther, consumers have proven their appetite for chicken is boundless and he believes there is plenty of room for Church’s Texas-style chicken alongside the Kentucky-style chicken of KFC and the Louisiana-style chicken of Popeyes (both of which are on a significant upswing, by the way). If that alignment is sustained, Gowda expects big things for the Church’s brand. They’re in acute alignment with that objective,” he said. Churchs Chicken Adds Fried Shrimp and Fish Menu Offerings for Lent SEAFOODNEWS.COM SeafoodNews FebruFast-food chain Churchs Chicken will bring back fried shrimp and fish menu items for the Lenten season starting on February 8. Our objective is to bring more sales to franchisees in a more agile way and give them more opportunities at growth and more flexibility with technology. If we’re not working to increase their margin, we shouldn’t be in the market. Gowda isn’t worried about this so much, however. Namely, it could turn off loyal franchisees who have been with the system for a long time. Taking over a legacy brand at a sprint’s pace has its risks, however.
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