When Fat Tuesday was developed nearly four decades ago as a sister brand to the already thriving chain New Orleans Original Daiquiris, it was clear the brand had locked onto something unique.
After realizing it could capitalize on customer desire by developing a social space that focused on frozen drinks, Fat Tuesday’s simple, specialty offering quickly filled a glaring hole in the market, opening the door for further expansion of the concept.
Strategically targeting tourist hotbeds and vacation destinations for its locations in the years since its inception, Fat Tuesday has experienced tremendous brand recognition and become a sought-out destination both domestically and internationally. Now, as the brand takes its next steps toward growth by launching a new traditional franchise offering, Fat Tuesday’s scalable concept is a key element in its plan to break open its segment on a global scale.
With more than 35 units throughout the U.S., Mexico and the Bahamas in cities such as Miami, Philadelphia, Las Vegas, Cozumel, Playa Del Carmen and Nassau, Fat Tuesday has proven itself to be marketable in tons of different environments with few demographic and geographic confines.
By turning to the traditional franchise model as a means for growth and unveiling a new brand positioning and experience, Fat Tuesday is hoping to add additional locations and enter new markets all around the world in 2019, chief development officer James Vitrano said.
“We see a ton of great growth potential both inside and outside of the U.S.,” Vitrano said. “We’re looking forward to this evolution of our business helping us expand Fat Tuesday’s footprint.”
Vitrano said he sees franchising as a viable and lucrative option for Fat Tuesday because of the brand’s streamlined operations model. Where preparing frozen drinks like daiquiris and margaritas are too time-consuming for standard bar setups, Fat Tuesday’s layout is specifically designed to accommodate all that it takes to prepare frozen drinks without the operational burdens the popular options bring about elsewhere.
“Fat Tuesday’s standard offering gives customers 16,000 drink variations to choose from,” Vitrano said. “Our addition of new drink flavors that are standard across all locations, the seemingly neverending options available to our guests and our presence in many fun destination spots all contribute to the scalability of Fat Tuesday’s model. Consumer appetite for frozen drinks keeps growing, which has made way for our concept to become the most popular frozen drink destination in the world,” he continued.
With a low startup cost, a simple operations model and the propensity to yield extremely high returns, Fat Tuesday brings a lot to the table as a franchise opportunity. Vitrano also pointed out that Fat Tuesday is a favorable investment because the brand’s popularity helps most locations show a positive cash flow almost immediately.
“Fat Tuesday’s steady growth over the last 36 years has brought our distinct and popular offering to so many people,” Vitrano said. “We’re excited to use franchising as a vehicle to reach new markets where Fat Tuesday would really prosper and to help seasoned multi-unit operators and prospective new franchisees experience the success of Fat Tuesday.”
The investment range for a Fat Tuesday franchise falls between $479,000 and 1,079,000. For more information about franchising opportunities, click here.