Corner Bakery Cafe to Strengthen Footprint in Northeast
Fast-Casual Franchise Signs 22-Unit Deal to Bring Restaurants to Connecticut, Rhode Island
DALLAS, April 24, 2012 // GLOBE NEWSWIRE // -- Corner Bakery Cafe, the fast-growing bakery cafe franchise favored for its signature line of grilled panini, freshly baked sweets and made-to-order breakfast scramblers, will open 22 new locations in Rhode Island and Connecticut throughout the next eight years.
The agreement, signed by Top Line Restaurants, calls for 16 cafes in Connecticut and six in Rhode Island, with the first location scheduled to open by summer 2013. The new restaurants will help boost the local economy in those states by adding more than 800 jobs into the market over the next eight years.
Top Line Restaurants is managed by husband-and-wife franchise partners Glenn and Tina Beattie, who have more than 20 years experience in the restaurant industry. The Beatties own 37 Denny's in western New York and Arizona.
"The decision to take a restaurant concept such as Corner Bakery Cafe into untapped markets is an easy one for us," said Glenn Beattie, who was born and raised in Rhode Island. "I'm confident that everything from the wall murals depicting local landmarks to the freshly prepared breakfast scramblers, grilled panini and hand-roasted coffee will make Corner Bakery Cafe an instant neighborhood staple throughout Connecticut and Rhode Island."
Growing from a small bread bakery on a corner in downtown Chicago to a national cornerstone of the fast-casual dining segment, Corner Bakery Cafe offers fresh, made-to-order food served during all dayparts. Corner Bakery Cafe also provides a robust, best-in-class catering platform, presenting fresh food perfectly packaged for delivery or pick-up
Since being acquired by Roark Capital Group in 2011, Corner Bakery Cafe has accelerated its national expansion plans through franchising, with plans to double the brand's presence in the next three years. The bakery cafe brand currently boasts an EBITDA of over 18 percent and an average unit volume exceeding $2.2 million.
"There are multiple untapped markets throughout the Northeast and across the country that are perfect for multi-unit Corner Bakery Cafe agreements," said Mike Hislop, CEO of Corner Bakery Cafe. "We've perfected the Corner Bakery Cafe business model by running company-owned cafes for more than 20 years and know that our brand caters well to the dense populations and family-focused lifestyles in Connecticut and Rhode Island."
About Corner Bakery Cafe
Corner Bakery Cafe is a fast-casual restaurant serving breakfast, lunch and dinner to guests in Arizona, California, Colorado, Florida, Georgia, Illinois, Maryland, Massachusetts, Mississippi, New Jersey, Pennsylvania, Texas, Utah, Virginia, and Washington, D.C. Established in 1991, Corner Bakery Cafe restaurants are owned and operated by CBC Restaurant Corp. with more than 130 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 features innovative, seasonal menu options while delivering a premier bakery cafe experience in the heart of neighborhoods everywhere. For more information, visit www.cornerbakerycafe.com.
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Fishman Public Relations