Experienced Restaurant Operator Plans to Open Five Restaurants in Five Years in
Based in
"The craveable food and comfortable atmosphere of the popular Einstein Bros. brand fit in well with the neighborhood," said
Mendoza and his business partner,
As the franchised restaurants open their doors, neighbors and guests in
"We believe that Addicting Food Concepts Operators, INC. is going to be a great franchisee for the continued growth of our brand," said
Since late-2007 when Einstein Noah Restaurant Group began to franchise the Einstein Bros. brand, the company has signed seven multi-unit franchise agreements which, when fully developed, represent a total of 49 stores. The first two franchise locations opened in
"Our franchise and licensing efforts are a part of Einstein Noah Restaurant Group's growth strategy," added Carolan. "Demand for the brand is building and we intend to see that we expand with the right franchise partners who can carry on the Einstein Bros. tradition."
About Einstein Noah Restaurant Group
Einstein Noah Restaurant Group, Inc. is a leading company in the quick casual restaurant industry that operates and licenses locations primarily under the Einstein Bros. and Noah's New York Bagels brands and primarily franchises locations under the Manhattan Bagel brand. The company's retail system consists of approximately 600 restaurants in 36 states and the
Forward looking statements
Certain statements in this press release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "estimate," "project," "plan to," "is designed to," "expectations," "intend," "indications," "expect," "should," "would," "believe," "target," "trend," "will be able," "is going to be," "is slated to," "will play" and similar expressions and all statements which are not historical facts are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the actual results or achievements to differ from those expressed or implied by such forward-looking statements. These factors include but are not limited to the following: the ability of Addicting Food Concepts Operators, INC. to build, open and successfully run Einstein Bros. locations is dependent upon, among other factors, its ability to find suitable locations, reach acceptable lease terms, obtain acceptable financing, have adequate capital, find acceptable contractors, obtain licenses and permits, locate and train staff appropriately and properly manage the new restaurants. These and other risks are more fully discussed in the Company's SEC filings.
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SOURCE Einstein Noah Restaurant Group, Inc.