Garbanzo Mediterranean Fresh Ranked on Franchise Times Top 200+ List
Leading Mediterranean Restaurant Concept Ranked on Prestigious List of Largest United States Franchises
November 13, 2019 // Franchising.com // DENVER - Garbanzo Mediterranean Fresh announced today that it has been ranked on Franchise Times’ Top 200+ list, the most comprehensive ranking of the 500 largest franchise systems in the United States. The distinguished list is based on Garbanzo’s global system sales and number of locations. Garbanzo joins the most reputable brands in the nation on the ranking.
The acknowledgement of being named to this ranking verifies the exceptional growth the company has experienced in the past year. In 2018, the brand generated $19 million in sales and signed development deals representing dozens of units. Currently, Garbanzo has reached 30 open locations throughout the United States.
“We’re honored to receive this recognition; there are so many incredible brands across the country, it’s great to be among these distinguished concepts,” said Larry Sidoti, chief development officer at Garbanzo. “Our momentum has been strong over the past year and we are eager to see more of Garbanzo’s expansion in the year ahead.”
Franchise Times uses a combination of companies’ voluntary reports and the most recent franchise disclosure documents to rank the 500 largest franchise systems in the United States. To qualify for the ranking, companies must be a legal United States franchise, with its headquarters based in the United States or at least 10 percent of their total units located in the country. Franchisees must also own at least 15 percent of the company’s total units.
Garbanzo Mediterranean Fresh is the leading fast casual Mediterranean franchise concept best known for its preservative-free, nutrient-rich menu. Aligned with consumer preferences for healthier, fresh meal options, Garbanzo is well on its way to making Mediterranean cuisine a staple across the United States. The 30-unit brand has recently set its course on a strategic franchise initiative that forecasts to add 50 units to the brand’s development pipeline annually. Already in 2019, Garbanzo has added 30 locations to its franchising plans through development deals covering Boston, Cincinnati, Indiana and Kentucky. The expansion plans come amid three straight years of positive comp store sales.
As the brand continues to expand into key markets, Garbanzo is actively seeking qualified multi-unit owners looking to add an exciting health-forward fast casual concept to their portfolios. Ideal Garbanzo franchisees must not only have restaurant operations and management experience, but share the brand’s values and mission of showing the world how delicious nutritious can be. Franchisees must have a minimum net worth of $1,000,000 and meet the minimum liquid assets requirement of $400,000. The initial investment per restaurant ranges between $387,400 and $783,967.
To learn more about Garbanzo Mediterranean Fresh, visit: https://eatGarbanzo.com.
About Garbanzo Mediterranean Fresh
Proudly serving authentic, delicious and nutrient-rich dishes free of preservatives or MSG, Garbanzo Mediterranean Fresh blends bold, guilt-free flavors with an approachable “co-creation” modern service style all set in an inviting and comfortable environment. Headquartered in Denver, Garbanzo has 30 locations open nationwide and several more in development.
With low startup costs and prime markets available, Garbanzo is actively seeking qualified franchise candidates across the United States.
About the Franchise Times Top 200+
The Franchise Times Top 200+® is the only ranking by systemwide sales and units of the largest 500 U.S.-based franchise brands. Published in the October issue and available in a searchable database online, the Franchise Times Top 200+ also analyzes industry sectors based on percentage change in sales growth, reports the 10 fastest-growing franchises by four different measures, and includes exclusive news stories about the biggest names in franchising. The rankings and full report, and the searchable online database, are available at www.franchisetimes.com/Top200.
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SOURCE Garbanzo Mediterranean Fresh