Newk's Eatery

Newk's Eatery
Private
Industry Restaurants
Founded 2004 in Oxford, Mississippi[1]
Headquarters Jackson, Mississippi, United States[2]
Number of locations
 100+[3][4]
Key people
Products Fast casual/Café, including hot and cold sandwiches, flatbreads, salads, and soups
Revenue Increase$141 million USD (2014)
Number of employees
 Approximately 5,000 full/part time (including franchises)[6]
Website newks.com

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

Corporate history

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 restaurant 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, brought in industry veteran James J. Greco to execute Newk's 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, United States.[20] Newk's announced $141 million in revenue in 2014.

Newk's purveys gourmet made-from-scratch sandwiches, soups, salads, California-style pizzas, desserts, fresh fruit, coffee, specialty drinks, wine, beer, and a large variety of other 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.[6][5][23][24] Defining features of the company's restaurants are open kitchens and large roundtables with gourmet condiments, toppings, and breadsticks, which can be found at all Newk's locations.[5][25][26]

See also

References

  1. ↑ https://www.qsrmagazine.com/news/newks-celebrate-unit-no-100-raising-100k
  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 Express Café". Nation's Restaruant 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. ↑ "McAlister’s Deli founders find second-time success". www.fastcasual.com. Retrieved 12 August 2015. C1 control character in |title= at position 10 (help)
  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.
  13. ↑ "Founders sell majority of Newk's restaurant chain - Washington Times". The Washingtion 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. ↑ http://www.bizjournals.com/southflorida/news/2015/11/11/five-guys-burgers-and-fries-franchisees-to-bring.html
  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. Retrieved 2015-07-31.
  22. ↑ Wally Northway. "Newk's: chapter 2 in success story". Mississippi Business Journal. 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.
  26. ↑ "Fast Casual Eatery Upscales Menu and Service - QSR magazine". qsrmagazine.com. Retrieved 12 August 2015.
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