The fast-growing breakfast/lunch segment has been ripe for consolidation and two of the largest restaurant operators did not disappoint.
First Watch Restaurants, headquartered in Florida, announced Wednesday it has acquired Colorado-based The Egg & I Restaurants.
The transaction positions First Watch as the nation’s largest and fastest-growing breakfast, brunch and lunch restaurant company with 267 restaurants in 26 states and a combined 18 under development in 2015.
Terms of the deal were not disclosed.
First Watch entered the Knoxville market in 2013 with a franchise location off Parkside Drive in Turkey Creek. The Egg & I followed in 2014, opening two restaurants in Bearden and off Lovell Road adjacent to Costco. Continue reading
Moonshine BBQ Sauce!?
Yep .. The folks at Dead End BBQ and Sugarlands Distilling Co. have teamed up to offer two moonshine flavored barbecue sauces just in time for the Memorial Day holiday.
Rye and peach moonshine BBQ sauces are now available for purchase at Dead End BBQ’s Knoxville and Maryville locations, as well as at Sugarlands distillery in Gatlinburg. It retails for $10.
A New York restaurant concept that combines Mexican and barbecue foods has a found an investor in Sandy Beall.
Beall, who in 2012 stepped down as CEO of Maryville-based Ruby Tuesday 40 years after he founded it, now owns 25 percent of Mexicue, a fast-growing restaurant concept that has three New York locations. It plans to open two new locations each year, according to a New York Times feature that was published today.
Beall got involved when the restaurant owners approached investors hoping to raise about $500,000 for its second restaurant
“I’ve invested a lot in Mexicue because I believe in what we’re doing,” Beall told the New York Times.
The restaurant began in 2010 as a food truck selling on New York streets and opened its first brick-and-mortar store in 2011. It saw revenues top $6 million in 2014. Continue reading