South Beach, Fla. – Mohari Hospitality, the global investment company founded by entrepreneurial investor Mark Scheinberg, has taken a significant minority stake in luxury restaurant business Riviera Dining Group (RDG) to support the development of new concepts and to fund its ambitious expansion plans. This investment marks the first time Mohari has invested directly in the food & beverage (F&B) space. Envisioned by Gregory and Marine Galy through their travels, experiences and thirst for discovery and adventures, the first MILA restaurant (part of RDG) opened in South Beach, Fla., in …
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Houston — Shipley Do-Nuts, a leading do-nut restaurant franchisor and manufacturer of specialty food products, has hired Bob McGahan as its new chief financial officer. McGahan adds over 30 years of experience to Shipley’s already strong leadership team as the brand continues its robust growth. Most recently, McGahan served as CFO at private equity-owned Friedrich Air Conditioning Inc. and AirBorn Inc., and has also held management positions at Dell Inc. and Coca-Cola Enterprises Inc. McGahan started at Shipley in November. “Bob knows how to aggressively grow a brand in a …
Miami — Slim Chickens, a leading fast-casual franchise in the better-chicken segment, has inked a deal for the entire state of Indiana and the Southeast region of Florida for a total of 60 locations. “Slim Chickens’ leadership team is top-notch,” says Al Cabrera, the franchise partner with over 35 years of experience who is spearheading the 60-unit deal. “After three decades in the restaurant industry, it is easy to spot an amazing opportunity, and Slims’ was a clear choice for the next addition to my portfolio.” “This is a huge …
San Diego and Lake Forest, Calif. — Jack in the Box Inc. and Del Taco Restaurants have entered into a merger agreement valued at approximately $575 million, inclusive of existing debt. Under the terms of the agreement, Jack in the Box will acquire Del Taco for $12.51 per share in cash. The deal, which is expected to close in the first quarter of 2022, would yield a company with more than 2,800 restaurants across 25 states. In addition, the new entity plans to grow its store count by 4% annually …
WOWorks Restaurant Brands Finalizes 12 Franchise Agreements and Openings in 10 States in 2021
St. Petersburg, Fla. — The WOWorks family of restaurant brands — Saladworks, Frutta Bowls, Garbanzo Mediterranean Fresh and The Simple Greek — experienced growth of its co-branded restaurant concepts in 2021 with six locations opening and six additional franchise agreements signed across 10 states by the end of the year. “We are seeing an accelerated growth in co-branded WOWorks restaurants because our healthy-halo brands meet growing menu and flavor demands, and have the flexibility in size and operation to open alongside current restaurants and inside many non-traditional spaces,” says Eric …
Los Angeles — Blaze Pizza, a leading fast-casual franchise pizza concept, has signed a new franchise development agreement that will significantly expand the brand’s South Florida footprint, bringing nine new units to the greater Miami market. Spearheading this development are seasoned multi-unit operators Asif Ghaffar and Tahir Mahmood of BLD Restaurant Group, who are expanding their existing portfolio. Blaze Pizza currently has 25 locations throughout the Sunshine State and a strong development pipeline that will further propel its expansion statewide over the next several years. Local franchisees Ghaffar and Mahmood …
Los Angeles — The Dolly Llama, the waffle and artisanal ice cream destination with three locations currently open in L.A. and three more in development, has signed a 4-unit franchise deal that includes the brand’s entry into Nevada. One Nevada unit is planned for Reno, and another in Lake Tahoe; The Dolly Llama also plans two units in Sacramento. The brand aims to open all four locations in early 2022, along with the existing units currently in development in Bethlehem, Pa., Jacksonville, Fla., and Dallas. “This year has been a …
Atlanta — As part of its strategic plan to accelerate new restaurant openings and new consumer markets for Krystal Restaurants, the brand has named a dedicated vice president of real estate & construction. Dan James assumed the role on November 15, 2021 and has immediately taken charge of real estate acquisitions, lease negotiations, buildouts and other matters related to corporate and franchise physical restaurant space. “Making Krystal one of the most attractive franchise opportunities in the industry is key to our expansion strategy,” says CEO Thomas Stager. “Dan brings keen …
— By Todd S. Kentzel, R.A. — New speakeasy beats pandemic-era odds to become a summer of ‘21 restaurant success story. Architetra p.c. , an architectural firm based in Paoli, Pennsylvania, has announced a collaboration, more than 2 years in the making has come to fruition with the grand opening of Nucky’s Kitchen & Speakeasy in Ventnor, New Jersey, on May 25, 2021. Amidst the backdrop of a global pandemic, a proven team of collaborators led by Joseph Lombardi, co-owner of Architetra, forged forward to create a unique dining …
Pasadena, Calif. — Kitchen United, the ghost kitchen industry leader with a proprietary tech platform and multi-concept ordering, has opened its newest location at 307 W. 38th St. in Manhattan. The opening marks the company’s third New York City and East Coast location, and it follows the recent news that the company has acquired software and ghost kitchen developer, Zuul. The acquisition saw Zuul’s existing locations in the Soho and Hudson Yards neighborhoods rebranded as a Kitchen United MIX kitchen center last month. The newest ghost kitchen center for the …