Newk's Eatery Seeking To Team Up With Experienced Multi-Unit Franchisees
Newk's Eatery is a fast-casual restaurant brand that has attracted the attention and loyalty of customers in search of fresh authentic "scratch-made" food at a great value. Now the brand is catching the attention of sophisticated multi-unit operators who are looking to expand their portfolios - and that's just the kind of operators the brand is looking for.
Newk's Eatery represents a sweet spot for those investors. The brand is proven and established but still young enough to have open territories for interested proven operators, says Newk's Eatery Chief Development Officer Chris Cheek. "We're looking to partner with multi-unit operators who understand the restaurant business and have the infrastructure and passion to grow with us," he says. "They're smart operators who understand operations, site selection, and real estate, and desire to control their entire market area by way of an exclusive development agreement.."
The brand makes an attractive portfolio addition for these kinds of operators. Newk's Eatery has a history of sustained innovation in everything from its food and restaurant operations to its flexible real estate models and cost-cutting labor and kitchen strategies. For example, the brand just opened its first drive-thru location and is testing the format for a more broad rollout. In 2018, Newk's Eatery made Technomic's Top 500 Chain Restaurant Report and won "Best Overall Fast Casual" and "Most Kid Friendly Fast Casual" in its Consumers' Choice awards as well.
Cheek says all of this combines to make an attractive investment opportunity for the right multi-unit operators. "We have solid unit economics and sophisticated multi-unit operators understand that and know that's the most critical part of choosing a franchise brand," he says. If that's not enough, Newk's has the credibility of being the largest single operator of its own brand - operating 20 corporate-owned restaurants in 6 markets.
Newk's Eatery is now looking to expand outside its existing territories and team up with qualified and experienced multi-unit operators in areas such as Philadelphia all the way east across Pennsylvania, Ohio, Virginia, North and South Carolina, and Chicago. Just this month, the brand signed a new 18-unit development agreement with a multi-unit, multi-brand operator. And Cheek says an even larger agreement is also in the works.
Newk's Eatery currently operates 125 restaurants in 16 states and has become known for being a great franchise brand, with great food, and a strong AUV. Customers love the brand's open kitchen format where they can see their freshly tossed salads, hand-crafted pizzas, and hot toasted sandwiches being made.
If the opportunity of adding an established and growing fast-casual brand with open territories to your portfolio sounds enticing, now is the time to get in touch with Newk's Eatery officials to discuss the opportunities and territories available. Contact Cassidy Raynor at 601-326-4539 or visit www.newks.com/franchise/ for more information.
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