Growth At Newk's Eatery Accelerates
Fast casual chain's continued growth includes new markets and franchisees.
JACKSON, Miss. - Jan. 26, 2017 // PRNewswire // - Newk's Eatery, the fresh fast casual restaurant known for its culinary-driven menu and open kitchens, experienced continued growth in 2016, including six new area development agreements that will add more than 40 new restaurants to the brand's regional footprint.
The company's rapid expansion in 2016, with 16 new restaurant openings and three new market entries, has created 48 percent new store growth in two years. In December 2016 and January 2017 alone, the company signed three new development agreements with retail and restaurant franchise industry veterans CTM Hospitality, C&P Retail Investments and Eagle Dining LLC.
CTM Hospitality is expanding Newk's presence in North Texas, covering Texarkana, Greenville and Rockwall, while C&P Retail Investments will further develop the state of Georgia in Albany, Warner-Robbins and Valdosta. Eagle Dining LLC has inked a deal to open four restaurants in the Fort Myers/Naples, Florida, DMA. Large area development agreements for Indianapolis and Northern Virginia rounded out the new market penetration for 2016.
"When we founded Newk's in 2004, we committed to a rate of growth that allowed us to maintain our high standards for food, service quality and thoughtful development," said Newk's CEO and co-founder Chris Newcomb. "The Newk's Eatery concept has been developed and refined to meet the needs of consumers and franchise operators alike, truly carving out a unique point of difference."
In addition to franchise-based expansion, the chain will continue corporate growth in Jacksonville and Gainesville, Florida.
About Newk's Eatery
Based in Jackson, Mississippi, Newk's Eatery is leading the next generation of fast casual with its culinary-driven menu prepared in open-view kitchens, including made-from-scratch soups, fresh tossed salads, artisan pizzas, hot toasted sandwiches and desserts. Founded in 2004, Newk's currently operates and franchises more than 110 units in 13 states and is gaining national attention for its accelerated growth and commitment to community. FastCasual.com named Newk's one of its top 20 "Movers and Shakers," Franchise Times Magazine ranked Newk's among its top Fast and Serious franchise brands, Newk's ranked No. 1 on NRN's next 20 list, and Technomic ranked Newk's in its top 50 U.S. fast casual chains. For more information, visit Newks.com, join the Roundtable Club or follow Newk's on Facebook and Twitter.
SOURCE Newk’s Eatery
24-hour Media Line: 817-329-3257
Add to Request List
Comments:comments powered by Disqus
- Expansions & Growth
- Financial & Earnings Claims
- Mergers & Acquisitions
- Personnel Changes
- General Announcements
- Conferences & Events
- Product Announcements
- Media Coverage
- Strategic Alliances