Corner Bakery Cafe announces development agreement with NW Ventures to open 12 cafes in Oregon and Washington state; agreement marks fast-casual chain's entry into Oregon
July 16, 2014
– Neighborhood Cafe Franchise Signs Development Deal with Experienced Entrepreneur to Open 12 Oregon-based Cafes
Corner Bakery Cafe, a fast-casual restaurant concept known for its ingredient-inspired menu and neighborhood cafe atmosphere, announces its entry into Oregon, with the addition of franchise partner NW Ventures, led by multi-restaurant operator Luis Boyance. As the operator of more than 138 Burger King franchises in Oregon and Mexico, as well as two TGI Fridays in Mexico, NW Ventures joins Corner Bakery Cafe as its 32nd franchise partner, with plans to open 12 neighborhood cafes in the state of Oregon and Vancouver, Wash.
"As a leader in the franchising industry, Luis Boyance and NW Ventures exemplifies the ideal partner we look for when growing our brand across the country," explains Gregg Koffler, vice president of franchise sales for Corner Bakery Cafe. "With Luis' extensive footprint in Oregon, including 68 Burger King locations, coupled with consumer demand for Corner Bakery Cafe, we know that Luis' market understanding will drive growth and excitement for the brand as we enter the state of Oregon in 2015."
Oregon Development Contributes to Record-Growth Year
According to Technomic, Inc., the $34.5 billion fast-casual restaurant segment is the fastest-growing segment of the restaurant industry this year. Exceeding expansion goals, Corner Bakery Cafe has also seen rapid growth in 2014, with 55 locations currently in development and franchise development commitments for more than 365 additional cafes.
"With 22 years of experience as a restaurant operator, I knew after my visit to Corner Bakery Cafe that the concept would flourish in the state of Oregon," explains Boyance. "Corner Bakery Cafe's exceptionally innovative menu and welcoming neighborhood atmosphere reflects the tastes and values of the Portland community and other consumers throughout the state. And as a franchisee, I can honestly say that the leadership team is the best in its industry."
Corner Bakery Cafe continues to seek multi-unit franchise partners to expand into additional franchise territories across the country. With one of the highest annual sales per location in the cafe segment, a focused leadership team and best-in-class franchise operators, the brand is poised to more than double its national footprint by 2017.
For more information on available Corner Bakery Cafe franchise territories, visit www.CornerBakeryCafe.com/Franchise-Information.
About Corner Bakery Cafe
Corner Bakery Cafe is a fast-casual restaurant serving breakfast, lunch and dinner to guests in 17 states and Washington, D.C. Established in 1991, Corner Bakery Cafe restaurants are owned and operated by CBC Restaurant Corp. with more than 165 company-owned and franchised locations around the country. Founded on a philosophy of creating a place for people to relax and gather with family and friends, Corner Bakery Cafe offers a casual atmosphere featuring innovative, seasonal menu options ranging from hot breakfasts and signature paninis to handcrafted salads, sandwiches and mouthwatering sweets. Offering dine-in, to-go and catering service for any occasion, Corner Bakery Cafe delivers a premier bakery cafe experience in the heart of neighborhoods everywhere. Corner Bakery Cafe was acquired in 2011 by Roark Capital Group, an Atlanta-based private equity firm that specializes in business and consumer service companies with attractive growth prospects and revenues ranging from $20 million to $1.0 billion. More information on Corner Bakery Cafe franchise opportunities is available at CornerBakeryCafe.com/Franchise-Information. Become a fan of Corner Bakery Cafe on Facebook and on Twitter.
SOURCE Corner Bakery Cafe