ADDISON, Texas, Oct. 29, 2013 /PRNewswire/ -- Bar Louie, a neighborhood bar and eatery known for its handcrafted cocktails, local brews and craveable food, announced today it is experiencing significant growth in the fourth quarter with seven projected grand openings. The brand started the quarter strong with four new restaurant openings in October in Ashburn, Va., Rochester, N.Y., Minnetonka, Minn., and South Arlington, Texas, and before year-end, plans for three more openings are slated for Gainesville, Va., Charlotte, N.C. and Arlington, Va. To further fuel this growth and expansion, executives from Bar Louie will be available to discuss franchise opportunities with interested entrepreneurs at the Restaurant Finance & Development Conference in Las Vegas, Nev. on Nov. 4-6, booth #825.
"Our growth and success this quarter is a true testament to our franchisee partners and unique bar/restaurant concept," said John Neitzel, chief executive officer of Bar Louie. "Having been around since 1990, we are thrilled at our momentum this year and look forward to expanding our brand's presence across the country. As we continue to develop, we invite interested entrepreneurs to join our team and help bring Bar Louie to additional markets in the U.S."
The company is currently experiencing solid growth with 40 projected new openings for 2013 and 2014. In addition, Bar Louie has plans for nearly 100 new corporate and 100 franchise locations across the U.S. within the next five years. Since 2011, Bar Louie has seen a 50 percent growth in corporate locations. This number is expected to climb to more than 70 percent by the end of 2013.
With more than 75 Bar Louie locations across the country, the brand is dedicated to remaining a national brand with local appeal and delivering an unforgettable experience to every guest. Bar Louie features an exceptional selection of distinctly prepared food such as small plates, flatbreads, salads, sandwiches, burgers and large plates. While beer and wine connoisseurs enjoy a wide selection of imports, microbrews and over 20 wines by the glass, cocktail drinkers revel in signature martinis, mojitos and margaritas made from the highest quality ingredients, fresh fruit and hand squeezed juices.
Bar Louie is positioned to grow across the United States over the next several years. To fuel this growth, the company is seeking experienced multi-unit foodservice and retail operators with a passion for the industry who demonstrate community involvement and will be committed to day-to-day operations. Qualified franchisee candidates should possess a minimum net worth of $3 million and liquid assets of at least $1 million. Bar Louie franchisees can expect their initial investment to range from approximately $410,000 - $3 million.
Entrepreneurs interested in joining one of the fastest growing concepts in the country may contact Andy Gunkler, 816-305-7427 or Franchise@BarLouieAmerica.com or visit barlouieamerica.com/franchise. Entrepreneurs can also stop by booth #825 at the Restaurant Finance & Development Conference on Nov. 4-6 in Las Vegas.
About Bar Louie
Bar Louie, based in Addison, Texas, is a casual-dining restaurant and neighborhood bar located in the United States. Founded in 1990, Bar Louie has more than 70 locations across 25 states. The average unit volume for a Bar Louie is $2.5 million with an industry high average gross profit margin. The company was named to Nation's Restaurant News' 2013 Breakout Brands and Top 10 Newcomers lists. In addition, the company was awarded the 2011 Cheers Beverage Excellence Award for "Best Chain Overall Beverage Program". For more information, visit barlouieamerica.com/
SOURCE Bar Louie