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JAM Equities Signs Development Deal with Freddy’s Frozen Custard
Fast-casual restaurant concept Freddy’s Frozen Custard & Steakburgers has signed a multi-unit development agreement with Chicago-based JAM Equities. The agreement calls for six new Freddy’s restaurants in the Chicago region, adding to the 13 that went into the chain’s pipeline in the first quarter.
“The development success we’ve been able to achieve in Chicagoland is a testament to the incredible franchise groups who are bringing Freddy’s to the market,” said Andrew Thengvall, chief development officer at Freddy’s. “We strongly believe that our newly formed partnership with JAM Equities will propel our growth even further.”
With over 25 years of experience owning and operating QSR concepts, JAM president/CEO Asif Poonja and his team have nine Popeyes restaurants in their portfolio with eight in Iowa and one in Chicago. The group is set to further expand their footprint with the brand by developing four new units this year.
- ◦Development

