Restaurant & QSR Expansion Report

New Name to Grow the Company

American Restaurant Concepts Inc., owner, operator and franchisor of the Dick's Wings & Grill concept, announced in late June that it has changed its name to ARC Group Inc. and has completed its reincorporation into the state of Nevada. The name change and reincorporation were two of several proposals approved by the company's shareholders at its annual meeting earlier in the month. "This change from American Restaurant Concepts to ARC Group comes at a defining moment in our company's history," commented CEO Richard W. Akam. "We are successfully executing upon our plan of growing the company into a diversified restaurant company operating a portfolio of premium restaurant brands, as evidenced by our acquisition of a 50 percent interest in the franchisor of the Wing Nutz brand earlier this year. Our name change is part of a broader marketing initiative that we are implementing that will include a new corporate website and company logo. We look forward to unveiling these new measures later this Summer." The company has implemented a number of additional corporate measures designed to strengthen the company, most notably, a reincorporation of the company from Florida to Nevada to take advantage of Nevada's advanced and flexible corporate statutes and well-established body of case law.  Headquartered in Lafayette, Louisiana, ARC Group is the owner, operator and franchisor of the Dick's Wings & Grill concept, and the co-owner of the owner, operator and franchisor of the Wing Nutz concept.

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CATEGORY:   Casual NASCAR themed

Chain Name:  Dick's Wings & Grill

Company Name:  ARC Group Inc.

Street Address:   13453 N. Main St., Suite 206, Jacksonville, Florida 32218

Tel:   904/741-5500          Fax: 904/741-5577

Email:                               Website:   www.dickswingsandgrill.com  

Menu Specialty: Boldly-flavored Buffalo, New York-style chicken wings and Dick's Blingz boneless chicken wings along with a variety of fresh sandwiches, burgers, wraps, salads and signature waffle fries. 

Introduced:  Jacksonville, Florida in 1996

No. of Locations:  16 in Florida, one in Georgia

Areas of Operation: 

Types of Location:  Lifestyle and power centers, Regional and super regional malls, near colleges, universities, theatres, etc., Conversions.

BusinessType (corp., franchise, jv): Franchise

Size Req’d: 

Special Requirements (patio, drive-thru, etc):  Minimum trade area of 30,000 aged 20 to 50 years.  Median household income of $35,000 or greater.  Minimum daily traffic count of 25,000 vehicles. 

Contact Name:  Richard W. Akam - CEO American Restaurant Concepts Inc.

REAL ESTATE REPRESENTATIVES:

FRANCHISE REPRESENTATIVES:

PARENT COMPANY: ARC Group Inc.Lafayette, Louisiana

Related Chains:  

Last Report:  Restaurant & QSR Expansion Report #118 Last Update:

NOTES, NAMES & NUMBERS:

 

 

 

 

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