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.
Catering Sales Are Smokin’ Hot at Dickey’s Barbecue Restaurants
“Since our inception in 2011, we’ve continued to see a significant increase in catering orders across all markets,” said Michelle Sarlls, director of catering sales for Dickey’s Barbecue Restaurants, Inc. “And, with our store count climbing to 500 by the end of 2014, we anticipate our busiest holiday season yet.”
EY Recognizes Dickey’s Barbecue Restaurants, Inc. CEO Roland Dickey Jr. as Entrepreneur Of The Year® 2015 Award Winner in the Southwest Region
“I am honored to receive this prestigious recognition and wouldn’t be here without the support of my talented team and family – it’s truly a collaborative effort,” said CEO Roland Dickey Jr. “We pride ourselves on authenticity, innovation and an entrepreneurial spirit and this a testament to the brand we have built as we blaze new trails by bringing Texas-style barbecue across the country.”
Dickey’s Barbecue Restaurants, Inc. Addresses the WHO Red Meat Study
(Dallas, TX) After the World Health Organization (WHO) recently announced the possible carcinogenicity of processed and red meats, Dickey’s Barbecue Restaurants, Inc. is addressing these concerns.