Apple American Group CEO Launches Flynn Restaurant Group; Acquires Yum! Brands Franchisee Southern Bells Inc.

  Apple American Group CEO Launches Flynn Restaurant Group; Acquires Yum!
  Brands Franchisee Southern Bells Inc.

Business Wire

SAN FRANCISCO -- January 15, 2013

Apple American Group Founder, Chairman and CEO, Greg Flynn, launched Flynn
Restaurant Group LLC and expanded his restaurant portfolio with the addition
of a quick-service concept. The company will now operate with two divisions,
Apple American Group and Bell American Group.

The new Bell American Group resulted from the acquisition of the assets of
Southern Bells Inc., a franchisee with 76 quick-service restaurants
(principally Taco Bell restaurants) throughout Indiana, Illinois and Kentucky.
Founded by Craig Fenneman and Charles Brown, the Southern Bells business
consisted of a very high quality portfolio of restaurants run by a top-notch
operations team. Going forward Bell American Group will benefit from the same
superb operations under the day-to-day leadership of Charles Brown, who will
stay on as President of Bell American Group.

Apple American Group, Flynn’s expanding casual-dining group, is comprised of
438 Applebee’s Neighborhood Grill and Bar restaurants in 23 states.

“We are excited to kick off 2013 with this re-organization and the opportunity
to take the talent we’ve developed for restaurant franchising to another
concept while keeping our focus on Applebee’s intact,” said Greg Flynn,
Founder, Chairman and CEO of Apple American Group. “Applebee’s is an
incredible brand that represents exactly what we love about this business –
that neighborhood gathering place with come-back cuisine – and we will
continue to grow that division as opportunities arise.”

Recognized as the largest franchisee in the Applebee’s system and,
domestically, of any concept in the restaurant industry, this expansion and
rebranding represents a diversification of Flynn’s restaurant portfolio which
up until now has been solely focused on Applebee’s.

Flynn Restaurant Group’s focus on Applebee’s will be realized through its
remodel and development plans for 2013. More than 100 of the group’s
Applebee’s restaurants will be remodeled this year alone, and the group is
also building 14 new restaurants. Over the next four years Apple American
Group expects to develop in excess of 60 new Applebee's restaurants.

“Our focus on building new units and keeping the environments of our current
restaurants fresh is just one example of our investment in the Applebee’s
brand,” said Flynn. “This dedication to the restaurant experience also will
extend to Bell American Group management.”

Flynn Restaurant Group LLC owns and operates 514 restaurants in 25 states,
employing approximately 28,000 employees and generating $1.25 billion in
annual revenues. Its two divisions, Apple American Group and Bell American
Group, represent 438 Applebee’s Neighborhood Grill and Bars and 76 Yum! Brands
restaurants respectively. Flynn Restaurant Group is the largest U.S.
franchisee in the restaurant industry. More information is available
atwww.appleamerican.com.

Contact:

Apple American Group
Chase Wagner, 816-877-5219
cwagner@crossroads.us
or
Mary Thompson, 914-714-8358
mthompson@crossroads.us
 
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