April 25, 2023 // Franchising.com // MINNEAPOLIS, MN - Caribou Coffee® is pleased to announce the signing of several multi-unit development agreements to franchise more than 300 new locations domestically.
In March 2022, Caribou Coffee announced the signing of its first multi-unit development agreement with Mike Mariola Restaurants to franchise locations in Ohio. Mike Mariola and his team opened their first Caribou Coffee location on November 17, 2022, in Wooster, Ohio.
Caribou Coffee also executed a multi-unit development agreement with Wake Up 727 to franchise locations in Pinellas County Florida, most known for the cities of St. Petersburg and Clearwater. Wake Up 727, under the leadership of Michelle Mathis, recently expanded their agreement to develop 35 locations with Mathis’ first location opening this fall.
Additional agreements have been executed with several Panera Bread franchisees. Caribou Coffee is part of the Panera Brands’ portfolio consisting of complementary brands bound by common values, which also includes Panera Bread® and Bagel Brands®.
Most recently, Caribou Coffee entered into multi-unit development agreements with Kevin Ricci and Sam Covelli, the brand’s largest domestic franchise agreements to date.
“Over the past 30 years, Caribou Coffee has refined and elevated the guest experience through an unwavering commitment to quality, as well as strategic investments in innovation,” said John Butcher, president and CEO of Caribou Coffee.
From using premium ingredients like real chocolate chips and real caramel sauce for their handcrafted beverages, to sourcing 100% Rainforest Alliance Certified green coffee, Caribou Coffee has differentiated itself with its commitment to brand purpose, quality, and innovation.
SOURCE Caribou Coffee®
Caribou Coffee provides high quality, handcrafted beverages and food options to fuel life's adventures.