Captain D’s inks new franchise agreement

As a result of its 23rd consecutive month of compound sales growth, Captain D’s announced it is expe…

As a result of its 23rd consecutive month of compound sales growth, Captain D’s announced it is experiencing heightened interest from multi-unit/multi-brand owners looking to diversify their existing restaurants portfolio.

In addition, the sales growth has sparked renewed interest in development from its existing franchise base.

“Captain D’s unit-level economics are very strong and provide our franchises with best-in-class QSR returns,” said Phil Greifeld, CEO. “Our current franchisees have shown strong dedication and interest in the growth of our brand.”

Jim and Val McClure opened their first Captain D’s location in Georgia nine years ago and have since built their operations to four locations under the VJM Seafood name. The pair recently signed a multi-unit deal with Captain D’s to open an additional three locations in northern Georgia over the next 36 months.

“We are very excited about the direction that Captain D’s is taking. Sales have been great with a large increase in traffic and resulting profit margin,” said McClure. “I have been a franchisee for about nine years, Right now, the leadership we have at the corporate office is the best that I’ve seen. It’s an easy decision to go in and sign the agreement to open more locations.”

This signing with the McClures comes on the heels of another multi-unit signing from Townsend Foods. Townsend Foods, owned by 11-year franchise veteran Bill Townsend, signed four additional locations in the Alabama and Tennessee area. McClure and Townsend both serve on the brand’s president’s advisory council.