Potbelly Signs Multi-Unit Development Agreement With Company Founder Bryant Keil
Portfolio Pulse from Benzinga Newsdesk
Potbelly Corporation (NASDAQ:PBPB) has signed a 27-shop agreement with its founder Bryant Keil and his son Hampden in Maryland. The deal includes the development of 15 new Potbelly shops over the next eight years and the refranchising of 12 existing locations. This is part of Potbelly's Franchise Growth Acceleration Initiative, aiming to reach 2,000 shops over the next decade, with at least 85% of those locations being franchised.
July 19, 2023 | 1:04 pm
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Potbelly's new agreement with its founder Bryant Keil for the development and refranchising of shops in Maryland could potentially boost the company's growth and expansion plans.
The agreement with Bryant Keil, who has a deep understanding of the Potbelly brand and vision, could accelerate the company's growth momentum in Maryland. This is in line with Potbelly's Franchise Growth Acceleration Initiative, which aims to significantly expand the number of Potbelly shops over the next decade.
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