"I know the restaurant industry well and see an opportunity here that I simply cannot pass up," said John Lockett of Biloxi, Mississippi. Lockett, together with his business partner Charlie Short, recently purchased 10 Affordable franchise territories, which span three states in the Gulf Coast region of the U.S.
This positions Lockett and Short as Affordable's largest franchise area representatives. Lockett is a retired Lt. Colonel in the USAF and remarked that his "experience in the military is a perfect fit for owning this type of equipment service business."
In a transaction closer to the brand's headquarters, Pete Fella, who has over 20 years of professional restaurant equipment experience, purchased three Affordable franchises with his partner Hugh Johns. Fella explains he is "very excited to be an owner-operator of Affordable franchises. The commercial kitchen industry has been waiting for years on a solution like Affordable offers."
"We are excited to grow with our current franchisees and to continue to expand the Affordable brand," said Affordable's founder and CEO, JT Thomson. "Thanks to experienced multi-unit operators like John and restaurant-equipment veterans Pete and Charlie, Affordable is quickly becoming a national brand whose impact will continue to grow rapidly."
Affordable opened its first location in Salt Lake City in 2014 and is now poised to experience its greatest period of growth since its launch. Sales of Affordable franchises over the next 18 months are expected to establish Affordable as a premier national brand with units operating from coast to coast.
About Affordable Restaurant Service and Equipment™
Affordable is a highly-specialized service company that services commercial kitchen equipment typically found in restaurants but also found in businesses such as hospitals, schools, convenience stores, office buildings and cafeterias. Affordable is an accessibly-priced franchise that can typically be opened and operating with less than a $125,000 U.S. initial investment.
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SOURCE Affordable Restaurant Service and Equipment