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.
Yeehaw Yakima! Dickey’s Barbecue Opens with a Three Day Barbecue Bash
The three-day barbecue bash includes:
Retired Army Engineer Joins the Barbecue Business with New Dickey’s Barbecue Pit
“I worked as an assistant manager for a restaurant before joining the army. I have always wanted to own my own business and Dickeys offered a great opportunity,” said local owner, Timothy Brock. “Macomb hasn’t been exposed to really great barbecue and I think they are ready for authentic slow smoked barbecue... Dickey’s style!”
Dickey's Signs off on Six Pennsylvania Stores
Dickey’s Barbecue Restaurants Inc. continues to expand nationwide with development agreements recently signed for six additional stores in the state of Pennsylvania. The new Dickey’s Barbecue Pit stores will be located in the communities of Robinson Township, Cranberry Township, Hanover, Gettysburg, and two stores in York.