ADDISON, Texas, Sept. 6, 2013 /PRNewswire/ -- Bar Louie, a neighborhood bar and eatery known for its handcrafted cocktails, local brews and craveable food, just announced that it is in the midst of an aggressive expansion. The company is 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.
"This is an exciting time for Bar Louie as we are experiencing growth at an exceptional pace," said John Neitzel, chief executive officer of Bar Louie. "We believe this success can be attributed to our proven 50/50 bar-restaurant business model that encourages multiple customer visits throughout the day, and truly differentiates our brand from competitors. We invite entrepreneurs interested in business ownership to join our system and help establish Bar Louie as America's favorite bar and eatery."
With more than 70 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.
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