History
Twin Peaks was founded in 2005 by Randy Dewitt and Scott Gordon in Lewisville, Texas.[3][6] Dewitt, who had previously helped Brinker International develop Rockfish Seafood, noted a thriving sports-bar market and decided to create a chain with a mountain-lodge motif and attractive servers.[6] According to analysts, 'breastaurant' chains have been growing at a rate of 30-40% per year, while the general restaurant industry as a whole has only grown about 3-5% annually.[10]
By August 2013, Twin Peaks had expanded to 38 locations across 17 states in the United States.[11] Most locations are in Texas, with others in the American Southwest, Midwest and South.[12] Twin Peaks has a mix of franchised and corporate-owned restaurants.[6]
In 2014, Bloomberg recognized Twin Peaks as "one of the nation’s fastest-growing restaurant chains".[4]
By August 2018, Twin Peaks had 84 locations, 54 franchised, 30 company operated, and sales of $322 million with the 85th Twin Peaks opening in Toledo, Ohio.[13][14]
Twin Peaks plans to open 10-12 restaurants in 2021, after reporting strong profit during the COVID-19 pandemic.[15]
On September 1, 2020, Twin Peaks announced that it would be acquired by FAT Brands, owner of Fatburger and Johnny Rockets, for $300 million.[16] The acquisition was completed on October 1.[17]
On January 26, 2026, parent company FAT Brands filed for Chapter 11 bankruptcy protection in an effort to shed billions of dollars in debt. The company listed assets and liabilities between $1 billion and $10 billion.[18]
