Corner Bakery Cafe Continues National Growth with Expansion into Arizona and Wisconsin New multi-unit franchise agreements to add 23 new cafes
DALLAS, Nov. 13, 2013 /PRNewswire/ -- Corner Bakery Cafe announced today the company has signed two new multi-unit franchise agreements to open new restaurants in Arizona and introduce its first restaurants in Wisconsin beginning in 2014.
The fast-casual brand's new franchise partners include Blue Mountain Cafes, Inc., which plans to open 13 restaurants in Phoenix over the next seven years and Neo Fourno Inc., which plans to open ten new restaurants in Madison and Milwaukee over the next five years
"These markets are a perfect fit for Corner Bakery Cafe," said Gregg Koffler, Vice President of Franchise Sales. "Each community is known for its strong neighborhoods and with our neighborhood approach to development, we expect each new restaurant to quickly become a favorite gathering place for local families and friends."
Overall, the new franchise agreements add 23 cafes, raising the total to more than 300 committed cafes, as Corner Bakery Cafe moves forward on its goal to more than double its U.S. footprint in the next three to four years. Much of the rapid growth can be attributed to the company's emphasis on multi-unit national expansion and commitment to partnering with respected franchise leaders in the restaurant industry.
"As a leading brand in the fastest growing segment of the restaurant industry, there is no question that Corner Bakery Cafe has an advantage with *$2.3 million AAVs and outstanding unit-level economics," said Koffler. "Adding to that advantage, our new franchise partners include some of the most successful veteran restaurant professionals in the industry."
Corner Bakery Cafe's made-to-order menu features hot breakfast scramblers, signature paninis and sandwiches, homemade soups, hand-tossed salads, pastas and indulgent sweets while providing a place to gather with family and friends. With more than 150 company-owned and franchised locations in 16 states and Washington, D.C., Corner Bakery Cafe provides a robust, best-in-class catering platform, presenting fresh food perfectly packaged for delivery or pick up.
More information on Corner Bakery Cafe franchise business opportunities is available at www.CornerBakeryCafe.com/Franchise.aspx.
About Corner Bakery Cafe
Corner Bakery Cafe is a fast-casual restaurant serving breakfast, lunch and dinner to guests in 16 states and Washington, D.C. by the end of 2013. Established in 1991, Corner Bakery Cafe restaurants are owned and operated by CBC Restaurant Corp. with more than 150 company-owned and franchised locations around the country. Founded on a philosophy of creating a place for people to relax and gather with family and friends, Corner Bakery Cafe offers a casual atmosphere featuring innovative, seasonal menu options ranging from hot breakfasts and signature paninis to handcrafted salads, sandwiches and mouthwatering sweets. Offering dine-in, to-go and catering service for any occasion, Corner Bakery Cafe delivers a premier bakery cafe experience in the heart of neighborhoods everywhere. Corner Bakery Cafe was acquired in 2011 by Roark Capital Group, an Atlanta-based private equity firm that specializes in business and consumer service companies with attractive growth prospects and revenues ranging from $20 million to more than $1.0 billion. More information on Corner Bakery Cafe franchise opportunities is available at www.CornerBakeryCafe.com/Franchise.aspx.
*$2.3M AAV represents the average for the 83 company-owned cafes that have been in operation for at least 18 months, as disclosed in Item 19 of the 2013 Franchise Disclosure Document (FDD). Individual financial performance will vary. A copy of the FDD is available by contacting Franchising@CornerBakeryCafe.com.
SOURCE Corner Bakery Cafe