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.
SMS Masterminds, Publicly Traded as SpendSmart Networks, Inc. announces the return of its United States Veteran’s Savings Initiative “Heroes Among Us”
SAN LUIS OBISPO, CA – Today SMS Masterminds announced the return of its United States Veteran’s recruitment initiative called “Heroes Among Us.” In 2013, SMS Masterminds unveiled its first Veteran’s program providing financial discounts and incentives to current and discharged Veterans. One of that programs participants, Lt. Commander (Ret.) Patti Mitrowski of the United States Coast Guard recently celebrated her third anniversary of becoming a Mastermind and had this to say about the program, “SMS Masterminds is serious about its support and training and has always been there for me and Veteran’s like me in the network.”
Interview with Alan Hixon, President of MOOYAH Burgers, Fries, & Shakes
MOOYAH doesn’t skimp on quality, and only uses the highest quality meats, cheeses, and vegetable toppings. With baked fresh buns and Dreyer's Ice Cream used for the shakes, MOOYAH doesn’t want to offer the customers anything less than top quality for their money. In fact, MOOYAH uses the following brand names, Ketchup: Heinz; Mayo: Hellman's; Mustard: French's; BBQ Sauce: KC Masterpiece; Ranch: Hidden Valley; Buffalo Sauce: Frank's Original, A1 Sauce, and Cholula Sauce.
Dickey’s Barbecue Pit Makes Entrepreneur’s Franchise 500 List
(Dallas, TX) Entrepreneur Magazine has released its annual Franchise 500 List and Dickey’s Barbecue Pit has ranked 101 on the list of top franchises. As a contender with national established franchised brands across multiple business categories, the nation’s largest barbecue chain stands out with its rapidly growing franchise program.