Corner Bakery Cafe Increases New York Footprint with Entry into Brooklyn
Neighborhood Cafe Franchise Signs Development Deal to Open Eight Borough Cafes
DALLAS - July 30, 2014 // PRNewswire // - Corner Bakery Cafe, a fast-casual restaurant concept known for its ingredient-inspired menu and neighborhood cafe atmosphere, announces its entry into Brooklyn, N.Y. with the development deal from franchise partner Parikh Network, led by multi-restaurant operator Ashish Parikh. As the operator of more than 78 Popeyes Louisiana Kitchen franchises in the Greater NYC area, Parikh Network plans to open eight neighborhood cafes in the borough of Brooklyn, with plans to open its first cafe in 2015.
"New York boroughs, specifically Brooklyn, have seen an upsurge in food and retail growth over the last several years," explains Gregg Koffler, vice president of franchise sales for Corner Bakery Cafe. "With Ashish's understanding of the market and experience as a tireless franchise operator, we have no doubt that Corner Bakery Cafe will quickly grow to become the choice for craveable, healthy menu options for Brooklyn residents."
Corner Bakery Cafe an Ideal Fit for New York Neighborhood
According to the U.S. Census Bureau, Brooklyn is the most populous of New York's five boroughs with an estimated 2.6 million residents, making it one of the largest neighborhoods in the state of New York and across the U.S. As a New York resident, Parikh understands the business opportunity that Corner Bakery Cafe provides as a leader in the bakery cafe space.
"While there is so much to love about Corner Bakery Cafe – from the quality of the food to the warmth of the experience – what truly resonates with us is the community feel of the brand," says Parikh, CEO of Parikh Network. "Additionally, Corner Bakery Cafe stands out amongst the other players in the bakery cafe category with its operational excellence, best-in-class catering and excellent unit-level economics."
According to Technomic, bakery cafes continue to lead all menu categories among the Top 150 fast-casual chains, with U.S. systemwide sales of $6.7 billion, up more than 9 percent over 2012. With record growth in 2014, Corner Bakery Cafe has 55 locations currently in development and franchise development commitments for more than 365 additional cafes. With one of the highest annual sales per location in the cafe segment, a focused leadership team and best-in-class franchise operators, the brand is poised to more than double its national footprint by 2017.
Corner Bakery Cafe continues to seek multi-unit franchise partners to expand into additional franchise territories across the country. For more information on available Corner Bakery Cafe franchise territories, visit www.CornerBakeryCafe.com/Franchise-Information.
About Corner Bakery Cafe
Corner Bakery Cafe is a fast-casual restaurant serving breakfast, lunch and dinner to guests in 17 states and Washington, D.C. Established in 1991, Corner Bakery Cafe restaurants are owned and operated by CBC Restaurant Corp. with more than 165 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 panini 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 CornerBakeryCafe.com/Franchise-Information. Become a fan of Corner Bakery Cafe on Facebook and on Twitter.
SOURCE Corner Bakery Cafe