Potbelly Turns Up the Heat on Strategic Growth in Florida
01 8월 2023 - 9:01PM
Florida is sizzlin’ hot right now, and it’s downright “toasty” as
Potbelly rapidly extends its presence, bringing its signature
sandwiches, soups and salads into new regions across the state.
Potbelly Corporation (NASDAQ: PBPB) announced today
that it has nearly 50 locations in various stages of development
throughout the state of Florida. Over the past year, the brand has
finalized multi-unit agreements with five franchise groups to
develop 46 shops in six critical regions: Tampa, Orlando, Fort
Myers, Broward County, Gainesville and Panama City.
“Florida as a whole holds immense promise for
Potbelly, and we are strategically expanding in the Sunshine State
to reach our potential,” said Lynette McKee, senior vice president
of franchising at Potbelly. “With experienced franchise groups
ready to showcase the Potbelly difference, I have no doubt that we
will continue to grow our loyal customer base as we bring our brand
to new regions across the state.”
- Tampa – The brand’s
accelerated growth efforts kicked off in September 2022, when
Potbelly announced a deal with STA Management to build 14 shops.
The group is expected to grow its current presence in the region
from two units to eight by the end of 2024, with the next four
shops slated to open in New Tampa, St. Petersburg, Clearwater, and
Largo.
- Orlando – Potbelly
signed a multi-unit agreement with Sugarland Investment Group LLC
in November 2022 that will bring six new shops to Orlando over the
next seven years. The group has already signed a lease for its
first location at the Colonial Plaza in the up-and-coming Milk
District.
- Broward County &
Gainesville - Stellar Hospitality agreed to a deal in
March that will add 16 units in two separate regions of the state,
including 14 shops in Broward County, north of Miami, and two shops
in Gainesville.
- Fort Myers &
Naples – In June, Potbelly signed a shop development
agreement for eight units with Innovative Consulting &
Management Inc. in Charlotte, Collier, and Lee counties.
- Panama City – Potbelly entered a two-shop
development agreement in July with father-son duo Daniel and
Zachary Incaudo of Incaudo Inc. With Daniel's nearly 35 years in
the food sales industry and Zachary's expertise in technology
sales, the Incaudo team is poised to ignite the sandwich scene in
Bay and Walton counties.
“We are eager to be part of the Potbelly family and
share in the passion for creating an inviting neighborhood vibe
with the best sandwiches in town,” said Daniel Incaudo. “Both Zac
and I are longtime fans of Potbelly. The brand has an undeniable
reputation for great food, a proven business model and extensive
support for its franchisees. We’re thrilled to add even more shops
to the Potbelly pipeline in Florida and anticipate a warm welcome
from our community.”
Looking ahead, Potbelly is committed to maintaining
its growth momentum in Florida, with plans to identify accomplished
restaurant owner/operator groups in key markets including
Pensacola, Tallahassee, Jacksonville, additional areas of Orlando
and Tampa, West Palm Beach and Miami. Potbelly is also looking for
experienced franchise partners to lead development across the state
border in Mobile, Alabama.
As Potbelly continues to attract multi-unit
franchise groups, ideal candidates should be able to meet the
required financial criteria, have restaurant operations experience,
strong entrepreneurial skillsets, focused problem-solving skills,
and enjoy working with others. Qualified franchise candidates can
benefit from the sandwich concept’s flexible shop designs,
including inline, endcap, drive-thru and non-traditional locations,
which are equipped with tech-enabled enhancements to foster
in-shop, take-out and delivery dining. These factors, along with a
diverse menu and multiple revenue streams stemming from various
dayparts, all make Potbelly an attractive franchise restaurant
investment.
Potbelly has a long-term goal of reaching 2,000
shops over the next 10 years, with at least 85% of those locations
being franchised, as part of the company’s Franchise Growth
Acceleration Initiative.
You can learn more about franchise opportunities
with Potbelly at www.potbelly.com/franchising-why-potbelly.
About PotbellyPotbelly Corporation
is a neighborhood sandwich concept that has been feeding customers’
smiles with warm, toasty sandwiches, signature salads, hand-dipped
shakes and other fresh menu items, customized just the way
customers want them, for more than 40 years. Potbelly promises
Fresh, Fast & Friendly service in an environment that reflects
the local neighborhood. Since opening its first shop in Chicago in
1977, Potbelly has expanded to neighborhoods across the country -
with more than 425 shops in the United States including
approximately 67 franchised shops in the United States. For more
information, please visit our website at www.potbelly.com.
Forward Looking StatementsThis
press release may contain statements that might be considered
forward-looking statements or predictions of Potbelly’s future
operations including with respect to (i) the shop development
agreements referenced in this release, (ii) expectations of growth
in the Southeast United States, (iii) ability to attract
experienced franchise partners and (iv) ability to successfully
execute on its Franchise Growth Acceleration Initiative. Such
statements are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and are based on
management’s belief or interpretation of information currently
available. These statements and assumptions involve certain risks
and uncertainties. Actual events may also differ from these
expectations as a result of the risks identified from time to time
in our filings with the Securities and Exchange Commission. We
assume no duty to update these statements as of any future
date.
CONTACT: |
Katie Gibbons |
|
All Points Public Relations |
|
(773) 354-6454 |
|
kgibbons@allpointspr.com |
Potbelly (NASDAQ:PBPB)
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Potbelly (NASDAQ:PBPB)
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부터 5월(5) 2023 으로 5월(5) 2024