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.
SkyRun Vacation Rentals Arrives in Big Bear with Two Locals at the Helm
BIG BEAR, CA (JULY 24, 2024) – Over the course of the last 40 years, Phil and Serena Chap’s family have developed a lifetime of memories in Big Bear, California. They’ve built a community for themselves, connected with homeowners throughout the area, and, in Serena’s case, spent the last decade serving with the mountains volunteer ski patrol. And in a move to deepen those local ties, they’re launching a new location of SkyRun Vacation Rentals, a premier vacation rental property management franchise, in Big Bear for the very first time.
CAPRIOTTI’S SANDWICH SHOP ANSWERS FANS’ CALL WITH LIMITED-TIME GRAVY AND MASHED POTATOES
LAS VEGAS (Nov. 1, 2023) – Capriotti’s Sandwich Shop is one-upping its Thanksgiving-inspired The Bobbie® — voted the “Greatest Sandwich in America" — and introducing gravy and mashed potatoes for a limited time only. The Bobbie® is made with slow-roasted turkey topped with cranberry sauce, handmade stuffing and mayo, but fans have been begging for the only natural side – gravy – for years. Today is a day fans can truly be thankful for.
