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.
Dickey’s Barbecue Pit Announces Three-Store Development Agreement in Northern California
Owner/Operator Amrik Singh will open new locations in Ceres, Oakdale and Atwater
Batteries Plus Finalizes 6-Unit Franchise Agreement for Charlotte Expansion
CHARLOTTE, N.C. (OCTOBER 11, 2023) – Batteries Plus, the world’s leading specialty battery franchise, recently welcomed its latest signed agreement for the development of six new units in Charlotte, North Carolina. This deal will not only expand Batteries Plus’s well-known presence in the state, but it will also further establish the brand’s expertise in the state’s most populous city.
Cruise Planners Launches Enhanced Veterans Initiative Program
“Cruise Planners has always supported the military community and this Veterans Day we are proud to launch a revamped benefits package for them,” said Michelle Fee, CEO and co-founder of Cruise Planners, an American Express Travel Representative. “The Veterans Initiative Program will incorporate all that Cruise Planners has to offer a franchise owner to be successful as well as additional marketing, technology and training support.”