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.
Sweet Franchise Opportunities: Interview with Tim Casey, CEO of TCBY and Mrs. Fields Cookies
Because we have 30 years of experience as the largest frozen yogurt concept, our size allows us to provide services to franchisees that smaller brands don’t have the resources to provide. We are only as successful as each of our individual franchises are, so it is of utmost importance that we offer a service model, economic model and brand model that are appealing and profit generating for our franchisees.
Massage Envy Franchise
The pioneer and national leader of affordable and convenient Total Body Care services is seeking to expand its nationwide presence. This unprecedented growth campaign makes now the ideal time to open a Massage Envy.
Growler USA® Acquires Smiling Moose Rocky Mountain Deli
“Smiling Moose attracts a very similar customer base as Growler USA, in that guests are looking for a unique, higher quality experience,” said Dan White. “The brand has a strong infrastructure that offers great synergy with our franchise operations team, and I expect it will have a parallel growth path with Growler USA.”