Franklin Junction opens more than 80 Nathan’s Famous Host Kitchens® in under two years
ATLANTA, Oct. 12, 2022 /PRNewswire/ — Restaurant e-commerce trailblazer, Franklin Junction expands their prosperous relationship with Nathan’s Famous by opening 25 additional Host Kitchen® locations in the past month. The partnership has now expanded the iconic Nathan’s Famous brand to more than 80 new locations in less than two years. Franklin Junction’s ability to translate the iconic American restaurant’s beloved full menu to scale, all while ensuring quality and consistency, has enabled Nathan’s Famous to preserve its reputation as the world’s premier hot dog brand and serve “The Flavor of New York” to generations to come.
“Our fruitful partnership with Nathan’s Famous speaks to the way we are able to work with iconic restaurant brands to untap new markets, increase visibility to new demographics of consumers, broaden geographic reach without capital expenditure, and offer avenues for incremental revenue,” shares Bob Pascal, Chief Revenue Officer of Franklin Junction. “Our increasing number of Nathan’s Famous Host Kitchen® concepts have re-engaged and introduced a new group of consumers to the comforting nostalgia of this American institution.”
“Franklin Junction is helping power our growth and reinforce us as a household name across the country,” stated Vice President of Operations, Oliver Powers. “Our newest round of Host Kitchen® openings in Ohio only speaks to the success of this partnership and Franklin Junction’s integral role in the future of restaurant e-commerce.”
Franklin Junction’s Host Kitchen® experts have successfully interpreted Nathan’s Famous signature hot dogs and a variety of menu items into dozens of locations nationwide, without losing the quality, freshness, and authenticity of their signature New York flavors. The Nathan’s menu includes hand-dipped chicken sandwiches, chicken tenders, onion rings and a rotisserie hot honey half chicken. Nathan’s Famous boasts a line of fresh Angus beef burgers, a New York Cheesesteak featuring Pat LaFrieda beef, and premium milkshakes. Order Nathan’s Famous powered by Franklin Junction Host Kitchen® on major delivery platforms including DoorDash, UberEats, and Deliverbee.
Franklin Junction is a digital platform acclaimed for pioneering the Host Kitchen® model, which connects restaurants with underutilized kitchens (“Host Kitchens®) to iconic restaurant brands seeking rapid expansion (Cloud Concepts®). The resulting match creates rapid, capital-free, incremental revenue with unparalleled profit margins for both partners. Host partners include restaurants, hotels, grocery stores, and family entertainment centers. Concept partners include Nathan’s Famous, Hooters, Frisch’s Big Boy, and other industry leaders. Franklin Junction’s end-to-end solution features automated matchmaking, virtual training tools, supply chain support, digital marketing, order aggregation, and centralized accounting. For more information or to inquire about a partnership opportunity, visit http://www.franklinjunction.com.
Nathan’s is a Russell 2000 Company that currently distributes its products in 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, and 16 foreign countries through its restaurant system, foodservice sales programs and product licensing activities. For additional information about Nathan’s, please visit our website at www.nathansfamous.com.
Except for historical information contained in this news release, the matters discussed are forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties. Words such as “anticipate”, “believe”, “estimate”, “expect”, “intend”, and similar expressions identify forward-looking statements, which are based on the current belief of the Company’s management, as well as assumptions made by and information currently available to the Company’s management. Among the factors that could cause actual results to differ materially include but are not limited to: the impact of the COVID-19 pandemic; the status of our licensing and supply agreements, including our licensing revenue and overall profitability being substantially dependent on our agreement with John Morrell & Co.; the impact of our debt service and repayment obligations under the 2025 Notes, including the effect on our ability to fund working capital, operations and make new investments; economic (including inflationary pressures like those currently being experienced); weather (including the impact on the supply of cattle and the impact of weather on sales at our restaurants particularly during the summer months), and change in the price of beef trimmings; our ability to pass on the cost of any price increases in beef and beef trimmings; legislative and business conditions; the collectability of receivables; changes in consumer tastes; the continued viability of Coney Island as a destination location for visitors; the ability to attract franchisees; the impact of the minimum wage legislation on labor costs in New York State or other changes in labor laws, including regulations which could render a franchisor as a “joint employee” or the impact of our union contracts; our ability to attract competent restaurant and managerial personnel; the enforceability of international franchising agreements; the future effects of any food borne illness, such as bovine spongiform encephalopathy, BSE and e coli; and the risk factors reported from time to time in the Company’s SEC reports. The Company does not undertake any obligation to update such forward-looking statements.
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SOURCE Franklin Junction
