Corner Bakery Cafe Continues Rapid Growth with San Diego Expansion
Additional 9 signature neighborhood bakery cafes to open as part of multi-unit franchise agreement.
DALLAS - Sept. 4, 2013 // PRNewswire // - Corner Bakery Cafe today announced plans to open as many as nine new restaurants in the San Diego area as part of a new multi-unit restaurant franchise agreement with FEAST California Cafe, LLC.
The group of veteran hospitality operators, which through its FEAST Foods, LLC partnership group, owns and operates 170 Jack in the Box restaurants in Southern California and the Pacific Northwest U.S., as well as several Denny's restaurants in Southern California, plans to open its first restaurant next year. These nine new locations will add to the three Corner Bakery Cafe locations currently operating in the San Diego area.
"Corner Bakery Cafe has a clear understanding of their brand vision, which is consistently demonstrated by the way they bring to life their core values in everyday business," said Ben Eramya, owner and operator of FEAST Foods, LLC. "I am in absolute love with the food and the diverse menu options Corner Bakery Cafe offers. The leadership team has a great understanding of how dynamic quality food is important to attracting guests to the brand. And the leadership team clearly has an understanding of how important it is to involve and embrace its franchisees in efforts towards bringing their brand vision to life, which will surely enable the brand to remain relevant in the guests' eyes forever."
Currently, the fast-casual brand has franchise agreements for a total of almost 300 cafes, as the company 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 Corner Bakery Cafe's emphasis on multi-unit national expansion and commitment to partnering with respected franchise leaders and operators in the restaurant industry who bring value and expertise to the brand.
"We're excited to expand our presence in the San Diego area," said Gregg Koffler, Vice President of Franchise Sales for Corner Bakery Cafe. "San Diego is the perfect place for each new restaurant to quickly become a favorite gathering place for local families and friends. 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."
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 14 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 14 states and Washington, D.C. 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 $1.0 billion. More information on Corner Bakery Cafe franchise opportunities is available at www.CornerBakeryCafe.com/Franchise.aspx.
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*$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