Florida is sizzlin’ scorching proper now, and it’s downright “toasty” as Potbelly quickly extends its presence, bringing its signature sandwiches, soups and salads into new areas throughout the state.
Potbelly Company (NASDAQ: PBPB) introduced right this moment that it has almost 50 places in varied phases of improvement all through the state of Florida. Over the previous yr, the model has finalized multi-unit agreements with 5 franchise teams to develop 46 retailers in six crucial areas: Tampa, Orlando, Fort Myers, Broward County, Gainesville and Panama Metropolis.
“Florida as a complete holds immense promise for Potbelly, and we’re strategically increasing within the Sunshine State to succeed in our potential,” stated Lynette McKee, senior vp of franchising at Potbelly. “With skilled franchise teams able to showcase the Potbelly distinction, I’ve little doubt that we’ll proceed to develop our loyal buyer base as we carry our model to new areas throughout the state.”
Tampa – The model’s accelerated development efforts kicked off in September 2022, when Potbelly introduced a cope with STA Administration to construct 14 retailers. The group is predicted to develop its present presence within the area from two items to eight by the tip of 2024, with the subsequent 4 retailers slated to open in New Tampa, St. Petersburg, Clearwater, and Largo.
Orlando – Potbelly signed a multi-unit settlement with Sugarland Funding Group LLC in November 2022 that can carry six new retailers to Orlando over the subsequent seven years. The group has already signed a lease for its first location on the Colonial Plaza within the up-and-coming Milk District.
Broward County & Gainesville – Stellar Hospitality agreed to a deal in March that can add 16 items in two separate areas of the state, together with 14 retailers in Broward County, north of Miami, and two retailers in Gainesville.
Fort Myers & Naples – In June, Potbelly signed a store improvement settlement for eight items with Progressive Consulting & Administration Inc. in Charlotte, Collier, and Lee counties.
Panama Metropolis – Potbelly entered a two-shop improvement settlement in July with father-son duo Daniel and Zachary Incaudo of Incaudo Inc. With Daniel’s almost 35 years within the meals gross sales trade and Zachary’s experience in expertise gross sales, the Incaudo workforce is poised to ignite the sandwich scene in Bay and Walton counties.
“We’re wanting to be a part of the Potbelly household and share within the ardour for creating an inviting neighborhood vibe with the perfect sandwiches on the town,” stated Daniel Incaudo. “Each Zac and I are longtime followers of Potbelly. The model has an plain status for excellent meals, a confirmed enterprise mannequin and intensive help for its franchisees. We’re thrilled so as to add much more retailers to the Potbelly pipeline in Florida and anticipate a heat welcome from our neighborhood.”
Trying forward, Potbelly is dedicated to sustaining its development momentum in Florida, with plans to establish completed restaurant proprietor/operator teams in key markets together with Pensacola, Tallahassee, Jacksonville, further areas of Orlando and Tampa, West Palm Seashore and Miami. Potbelly can also be on the lookout for skilled franchise companions to steer improvement throughout the state border in Cell, Alabama.
As Potbelly continues to draw multi-unit franchise teams, best candidates ought to be capable of meet the required monetary standards, have restaurant operations expertise, robust entrepreneurial skillsets, targeted problem-solving expertise, and luxuriate in working with others. Certified franchise candidates can profit from the sandwich idea’s versatile store designs, together with inline, endcap, drive-thru and non-traditional places, that are outfitted with tech-enabled enhancements to foster in-shop, take-out and supply eating. These components, together with a various menu and a number of income streams stemming from varied dayparts, all make Potbelly a beautiful franchise restaurant funding.
Potbelly has a long-term objective of reaching 2,000 retailers over the subsequent 10 years, with not less than 85% of these places being franchised, as a part of the corporate’s Franchise Development Acceleration Initiative.
You’ll be able to be taught extra about franchise alternatives with Potbelly at www.potbelly.com/franchising-why-potbelly.
About Potbelly
Potbelly Company is a neighborhood sandwich idea that has been feeding prospects’ smiles with heat, toasty sandwiches, signature salads, hand-dipped shakes and different contemporary menu gadgets, custom-made simply the best way prospects need them, for greater than 40 years. Potbelly guarantees Recent, Quick & Pleasant service in an atmosphere that displays the native neighborhood. Since opening its first store in Chicago in 1977, Potbelly has expanded to neighborhoods throughout the nation – with greater than 425 retailers in the US together with roughly 67 franchised retailers in the US. For extra data, please go to our web site at www.potbelly.com.
Ahead Trying Statements
This press launch might include statements that is perhaps thought of forward-looking statements or predictions of Potbelly’s future operations together with with respect to (i) the store improvement agreements referenced on this launch, (ii) expectations of development within the Southeast United States, (iii) means to draw skilled franchise companions and (iv) means to efficiently execute on its Franchise Development Acceleration Initiative. Such statements are made pursuant to the protected harbor provisions of the Non-public Securities Litigation Reform Act of 1995 and are primarily based on administration’s perception or interpretation of data at the moment obtainable. These statements and assumptions contain sure dangers and uncertainties. Precise occasions can also differ from these expectations because of the dangers recognized on occasion in our filings with the Securities and Alternate Fee. We assume no obligation to replace these statements as of any future date.