Financing

How Flynn Restaurant Group stacks up against other big operators

The country's largest franchisee now operates more locations itself than all but two other companies. Here's a look at how it compares.
Flynn Restaurant Group buys NPC
Photograph: Shutterstock

What do you get when you combine the largest franchisee in the U.S. with the second biggest?

One of the largest operators of any sort in the U.S.

Flynn Restaurant Group (FRG) was already the largest restaurant franchisee in the U.S. by sales, with big Pizza Hut-Wendy’s franchisee NPC International No. 2.

NPC, however, operated more overall locations—more than 1,600 restaurants to Flynn’s 1,200. Flynn has acquired more than 1,100 of those NPC restaurants—300 of the NPC Pizza Hut restaurants closed while 200 are being sold to existing franchisees.

That not only makes Flynn by far the largest franchisee in the U.S., it also makes FRG the country’s third-largest restaurant operator of any kind, behind Starbucks and Chipotle Mexican Grill. The $3.5 billion in annual sales, meanwhile, makes it about the size of Olive Garden.

Most of the largest restaurant brands in the U.S. don’t actually operate their own restaurants, instead relying on franchisees to do that for them. So major operators that in the past ran many of their own locations—notably McDonald’s and Burger King—instead run remarkably few locations and instead leave it up to franchisees.

Here’s a look at the 10 biggest restaurant operators by unit count. (Outback Steakhouse operator Bloomin’ Brands also operates more than 1,000 locations in the U.S.)

10 big restaurant operators

Source: Technomic, Restaurant Business research

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Financing

Podcast transcript: Dutch Bros CEO Christine Barone

A Deeper Dive: Here is the transcript for the May 29 podcast with the chief executive of the drive-thru coffee chain, who talks real estate, boba and other topics.

Financing

McDonald's value perception problem is with its lighter users

The Bottom Line: The fast-food giant took the extraordinary step of publicizing average prices this week. It was speaking to its less-frequent customers, who are a lot less likely to say the chain is a good value.

Financing

CEO pay soared last year, despite a volatile period for restaurants

Pay for CEOs at publicly traded restaurants took off last year, but remains lower than average among public companies, even as tenure for the position remains volatile.

Trending

More from our partners