Arby’s Restaurant Group (ARG), franchisor of the iconic quick-service sandwich chain with nearly 3,400 Arby’s restaurants worldwide, has entered into an agreement with Element Financial to power the Arby’s Remodel Financing Program.
Arby’s recently announced a new brand revitalization and remodel program with plans to renovate at least 30 company-operated restaurants in 2014 and further significant remodels across the system in 2015.
In conjunction with that effort, and with the goal of facilitating access to capital, ARG has cultivated relationships with financial institutions to improve lender knowledge of the Arby’s system and recent business success. The Element program will provide capital to qualified Arby’s franchisees for up to 100% of remodel costs.
“Element has a proven track record within the franchise finance industry in providing financing for activities such as capital campaigns, remodels, reimages, restaurant construction and acquisitions. We are proud to work with ARG and its franchisees on the Remodel Financing Program,” commented Steve Grosso, President of Element Financial (USA).
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