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.
WAYBACK BURGERS OFFICIALLY OPENS IN LAWRENCEVILLE AND BUFORD
Wayback Burgers offers delicious, cooked-to-order burgers, available as a single, classic double, triple and triple triple (nine) patty, and rich, thick milkshakes made the old-fashioned way by hand, using only fresh milk and hand- dipped ice cream, served in an environment that hearkens back to a simpler place and time – when “customer service” meant something and everyone felt the warmth of the community. Going “way” beyond the burger, Wayback Burgers offers crispy and grilled chicken sandwiches, veggie burgers, turkey burgers, fresh salads and delicious sides, including fries, onion rings and House-Made Chips.
Feel Good Fashion: Apricot Lane
“I know the opportunity to give back will be the most rewarding aspect of this job,” said Barnes, who runs the shop with her daughter, Ashley Herrin. “ We really look forward to getting involved in the community and making a positive difference.”
Interview with SailTime: NetJets-Style Fractional Sailing and Boating
In addition to new franchises, in the next 12 months SailTime is launching various membership types offering boaters preferred access: to a fleet and/or a specific boat; locally and/or nationally; for power-boats and/or for sail- boats.
