Potbelly Sandwich to Issue Initial Public Offering
Chicago-based sandwich purveyor Potbelly Corp recently filed with the U.S. Securities and Exchange Commission to raise money through an initial public offering. Reuters reports that Potbelly is attempting to raise up to $75 million through the IPO. Bank of America, Merrill Lynch, and Goldman Sachs are all amongst the underwriters for the IPO, listed in a preliminary prospectus given to the SEC. Maveron Equity Partners is the largest single shareholder of Potbelly, owning over 28 percent, with ASP PSW LLC and Oak Investment second and third. Potbelly, which currently operates nearly 300 locations throughout the US and opened its first location in 1977, reported profits of $24 million and revenue of $274.9 million in 2012. One of the best sources for details on the the health of the potbelly franchise system, its unit growth, and its expansion plans is a review of the Potbelly Franchise Disclosure Document, which can be found here.
Questions and Answers with Hobby Quest
Q: What sets Hobby Quest apart from other Education franchises?
Wayback Burgers continues its expansion in Georgia and California
As of this writing Wayback Burgers has added 40 new stores to its development schedule in 2016.
From Boots to Barbecue: Man Opens Dickey’s Barbecue Pit in Las Vegas
“I fell in love with the Dickey’s Barbecue concept and I can’t wait to meet our guests and serve them great barbecue,” said first time franchise owner, John Schouten. “I’m also looking forward to moving to Las Vegas where I have my parents and older brother nearby.”