Newk's Eatery
TypePrivate
IndustryRestaurants
Founded2004 (2004) in Oxford, Mississippi[1]
HeadquartersJackson, Mississippi, United States[2]
Number of locations
100+[3][4]
Key people
ProductsFast casual/café, including hot and cold sandwiches, flatbreads, salads, and soups
RevenueIncrease$141 million USD (2014)
Number of employees
Approximately 5,000 full/part time (including franchises)[6]
Websitenewks.com

Newk's Eatery is an American chain of fast casual cafés which operates over 100 restaurants in 13 states.[3][7]

Corporate history

The original Newk's Eatery in Oxford, Mississippi

Newk's Eatery was founded in 2004 as Newk's Express Café by father and son chefs, Don and Chris Newcomb, with the first store opening in Oxford, Mississippi.[8][9] Newcomb and Newcomb had previously created and sold the restaurant chain McAlister's Deli.[10][11]

In 2013, the company rebranded itself as Newk's Eatery. In addition to the updated name, the company introduced a fresh design to its logo.[12]

The business was bought by private equity firm Sentinel Capital Partners in 2014 for an undisclosed amount, identifying the chain's opportunity for growth as a driving factor in the decision to acquire the company.[12][13][14] Sentinel, which specializes in buying and building companies, implemented a plan for rapid growth.[15][16] Shortly after its acquisition by Sentinel, Newk's announced plans to grow to more than 300 units by 2018.[17][18]

Today, over 100 Newk's locations operate in 13 U.S. states.[3][19] The company is headquartered in Jackson, Mississippi.[20] Newk's announced $141 million in revenue in 2014.

Fare

Newk's sells gourmet made-from-scratch sandwiches, soups, salads, California-style pizzas, desserts, fresh fruit, coffee, specialty drinks, wine, beer, and a large variety of related items.[21][22] The restaurant chain, situated on the upscale spectrum of fast casual, maintains a strong culinary focus with all products made from scratch, with fresh ingredients in each store daily.[5][6][23][24] Defining features of the company's restaurants are open kitchens and large round tables with complementary gourmet condiments, toppings, and breadstick crackers.[5][25]

See also

References

  1. ↑ sam (4 April 2016). "Newk's to Celebrate Unit No. 100 by Raising $100k". qsrmagazine.com. Retrieved 16 April 2018.
  2. ↑ "Newk's Franchise Company, LLC: Private Company Information - Businessweek". Businessweek.com. Retrieved 12 August 2015.
  3. 1 2 3 "Locations". newks.com. Retrieved 5 August 2015.
  4. ↑ Brasted, Chelsea (2 June 2015). "Newk's Eatery to open in Northgate near LSU on June 8". The Times-Picayune. New Orleans. Retrieved 2015-07-31.
  5. 1 2 3 Dempsey, Mike (17 May 2010). "Newk's Eatery". Nation's Restaurant News. New York City. Retrieved 2015-07-31.
  6. 1 2 "McAlister's Deli founders bringing Newk's Express Cafe to Triangle". Triangle Business Journal. Retrieved 12 August 2015.
  7. ↑ Thorn, Bret (3 September 2014). "Newk's names Jim Greco COO". Nation's Restaurant News. New York City. Retrieved 2015-07-31.
  8. ↑ "Newk's Eatery Experiences Explosive Year-end Growth". RestaurantNews.com. 20 November 2013. Retrieved 2015-07-31.
  9. ↑ "McAlisters deli founders find second time success". Fast Casual. 21 November 2010.
  10. ↑ Maze, Jonathan (25 March 2014). "Sentinel Capital Buys Newk's Eatery". Restaurant Finance Monitor. Minneapolis, Minnesota. Retrieved 2015-07-31.
  11. ↑ Ruggless, Ron (10 April 2013). "Newk's rolls out rebranding initiative". Nation's Restaurant News. New York City. Retrieved 2015-07-31.
  12. 1 2 "Newk's rebrands as Newk's Eatery - Latest Headlines content from Nation's Restaurant News". nrn.com. 10 April 2013.
  13. ↑ "Founders sell majority of Newk's restaurant chain - Washington Times". The Washington Times. Retrieved 5 August 2015.
  14. ↑ "Founders sell majority of Newk's restaurant chain". WAPT. 26 March 2014. Retrieved 12 August 2015.
  15. ↑ "Newk's names Jim Greco COO". nrn.com.
  16. ↑ "Newk's COO, Backed by Sentinel Investment, Aims for Next Level". franchisetimes.com. Retrieved 5 August 2015.
  17. ↑ "Newk's names Jim Greco COO". nrn.com. Retrieved 5 August 2015.
  18. ↑ Reiser, Emon (11 November 2015). "Five Guys Burgers and Fries franchisees to bring Newk's Eatery to South Florida". South Florida Business Journal. Retrieved 23 December 2022.
  19. ↑ "Newk's Eatery Expands into Northgate Community with Second Baton Rouge Restaurant". RestaurantNews.com. Retrieved 5 August 2015.
  20. ↑ Snider, Eric (29 January 2015). "Newk's Eatery announces franchise deal for 11 locations in Tampa Bay". Tampa Bay Business Journal. Retrieved 4 August 2015.
  21. ↑ "Menu". Newk's Eatery. Archived from the original on 2015-08-01. Retrieved 2015-07-31.
  22. ↑ Wally Northway. "Newk's: chapter 2 in success story". Mississippi Business Journal. Archived from the original on 21 September 2015. Retrieved 12 August 2015.
  23. ↑ "Newk's Cafe Increases Sales, Opens New Locations". qsrmagazine.com.
  24. ↑ "Newk's Eatery plans to open nine Houston locations in five years - Houston Business Journal". Houston Business Journal. 22 May 2015. Retrieved 12 August 2015.
  25. ↑ "Fast Casual Eatery Upscales Menu and Service - QSR magazine". qsrmagazine.com. Retrieved 5 August 2015.
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