Corner Bakery Cafe continues rapid growth
Corner Bakery Cafe today announced that it is entering the Oklahoma and Massachusetts markets, as well as three new markets in Florida and California as part of five multi-unit restaurant franchise agreements.
The agreements represent nine new restaurants in San Diego, seven in Oklahoma, 14 in Tampa, 10 in Northeast Florida and 21 in Boston. The first cafes in each market are expected to open next year.
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. In addition, Corner Bakery Cafe recently promoted Gregg Koffler to Vice President of Franchise Sales to spearhead overall sales and growth of the franchise division for the fast-casual brand.
"These new markets are a perfect fit for Corner Bakery Cafe," says Koffler. "Each community is known for its strong neighborhoods and with our neighborhood approach to development, we expect each new restaurant to quickly become a favorite gathering place for local families and friends."
Overall, the agreements add 61 new cafes, raising the total to almost 300 committed cafes, as the company moves forward on its goal to more than double its US footprint in the next three to four years.
"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," says Koffler. "Adding to that advantage, our new franchise partners include some of the most successful veteran restaurant professionals in the industry."
The new franchise partners include:
FEAST California Cafe, LLC, through its FEAST Foods, LLC partnership group, owns and operates more than 170 Jack in the Box restaurants in Southern California and the Pacific Northwest US, as well as several Denny's restaurants in Southern California, plans to open nine new Corner Bakery Cafes in San Diego.
CBCOK, LLC, which also owns and operates more than 30 hotels nationwide including Hilton, Marriott and IHG Hotels, as well as Subway, plans to open seven new Corner Bakery Cafes throughout Oklahoma.
CB Restaurant Holdings, which also owns and operates more than 25 Wendy's restaurants in Southern Florida and Panama, plans to open 14 new Corner Bakery Cafes in and around Tampa.
Lee-Wesley Restaurants, LLC, which also owns and operates several Panda Express, Burger King, Nathan's Famous, Auntie Anne's and Taco Bell restaurants, plans to open ten new Corner Bakery Cafes in Northeast Florida.
Parikh Network, which owns 68 Popeyes Louisiana Kitchens, plans to open 21 new Corner Bakery Cafes in and around Boston.
For Ben Eramya, owner and operator of FEAST Foods, LLC, the decision to franchise with Corner Bakery Cafe was an easy one. "Corner Bakery Cafe has a clear understanding of its brand vision, which is consistently demonstrated by the way they bring to life their core values in everyday business," says Eramya. "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 has a clear understanding of how important it is to involve and embrace its franchise partners in efforts towards bringing their brand vision to life, which will surely enable the brand to remain relevant in the guests' eyes forever."
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.