Potbelly Sandwich Works Expands Through Franchising in Illinois with A New 3 Shop Development Agreement
Potbelly (NASDAQ: PBPB) has announced a new Shop Development Agreement (SDA) to expand its presence in Illinois. Franchisees Anand and Nimisha Patel will open three new locations across the Kane and Kendall markets.
The Patels, who currently own Dunkin' Donuts and Baskin Robbins franchises, bring significant food and beverage industry experience to this venture. This expansion aligns with Potbelly's strategic growth plan to extend its footprint through franchising in key areas nationwide.
The new shops will create local job opportunities in the Kane and Kendall areas, with specific locations and opening dates to be announced in the coming months. The company continues to seek partnerships with multi-unit operators for expansion in remaining untapped territories in Illinois and neighboring states.
Potbelly (NASDAQ: PBPB) ha annunciato un nuovo Accordo di Sviluppo di Negozio (SDA) per espandere la sua presenza in Illinois. I franchisee Anand e Nimisha Patel apriranno tre nuove sedi nei mercati di Kane e Kendall.
I Patel, attualmente proprietari di franchise di Dunkin' Donuts e Baskin Robbins, portano un'esperienza significativa nell'industria alimentare e delle bevande a questa iniziativa. Questa espansione si allinea con il piano di crescita strategica di Potbelly per estendere la sua presenza attraverso il franchising in aree chiave a livello nazionale.
I nuovi negozi creeranno opportunità di lavoro locali nelle aree di Kane e Kendall, con posizioni specifiche e date di apertura che saranno annunciate nei prossimi mesi. L'azienda continua a cercare partnership con operatori multi-unità per espandersi nei territori ancora non sfruttati in Illinois e negli stati limitrofi.
Potbelly (NASDAQ: PBPB) ha anunciado un nuevo Acuerdo de Desarrollo de Tienda (SDA) para expandir su presencia en Illinois. Los franquiciados Anand y Nimisha Patel abrirán tres nuevas ubicaciones en los mercados de Kane y Kendall.
Los Patel, que actualmente son propietarios de franquicias de Dunkin' Donuts y Baskin Robbins, aportan una experiencia significativa en la industria de alimentos y bebidas a esta empresa. Esta expansión se alinea con el plan de crecimiento estratégico de Potbelly para extender su huella a través del franquiciado en áreas clave a nivel nacional.
Las nuevas tiendas crearán oportunidades laborales locales en las áreas de Kane y Kendall, con ubicaciones específicas y fechas de apertura que se anunciarán en los próximos meses. La empresa continúa buscando asociaciones con operadores de múltiples unidades para expandirse en territorios no explotados en Illinois y estados vecinos.
Potbelly (NASDAQ: PBPB)는 일리노이주에서의 존재감을 확대하기 위해 새로운 매장 개발 계약(SDA)을 발표했습니다. 가맹점주 Anand와 Nimisha Patel는 케인 및 켄달 시장에 세 개의 새로운 매장을 열 예정입니다.
현재 던킨 도너츠와 배스킨라빈스 가맹점을 운영 중인 Patel 부부는 이 사업에 상당한 식음료 산업 경험을 제공합니다. 이번 확장은 Potbelly의 전략적 성장 계획과 일치하여, 전국의 주요 지역에서 가맹점을 통해 입지를 확장하는 것입니다.
새로운 매장은 케인과 켄달 지역에서 지역 일자리 기회를 창출할 것이며, 특정 위치와 개장 날짜는 향후 몇 달 내에 발표될 예정입니다. 회사는 일리노이주와 인근 주의 남아있는 미개척 지역에서의 확장을 위해 다수의 매장을 운영하는 사업자와의 파트너십을 계속 모색하고 있습니다.
Potbelly (NASDAQ: PBPB) a annoncé un nouvel Accord de Développement de Magasin (SDA) pour étendre sa présence dans l'Illinois. Les franchisés Anand et Nimisha Patel ouvriront trois nouveaux établissements dans les marchés de Kane et Kendall.
Les Patel, qui possèdent actuellement des franchises Dunkin' Donuts et Baskin Robbins, apportent une expérience significative dans l'industrie alimentaire et des boissons à cette initiative. Cette expansion s'inscrit dans le cadre du plan de croissance stratégique de Potbelly visant à étendre son empreinte par le biais du franchisage dans des zones clés à l'échelle nationale.
Les nouveaux magasins créeront des opportunités d'emploi locales dans les zones de Kane et Kendall, avec des emplacements spécifiques et des dates d'ouverture qui seront annoncés dans les mois à venir. L'entreprise continue de rechercher des partenariats avec des opérateurs multi-unités pour s'étendre dans les territoires encore inexploités de l'Illinois et des États voisins.
Potbelly (NASDAQ: PBPB) hat eine neue Shop-Entwicklungsvereinbarung (SDA) angekündigt, um seine Präsenz in Illinois auszubauen. Die Franchisenehmer Anand und Nimisha Patel werden drei neue Standorte in den Märkten Kane und Kendall eröffnen.
Die Patels, die derzeit Franchise-Nehmer von Dunkin' Donuts und Baskin Robbins sind, bringen bedeutende Erfahrungen in der Lebensmittel- und Getränkeindustrie in dieses Unternehmen ein. Diese Expansion steht im Einklang mit Potbellys strategischem Wachstumsplan, die Präsenz durch Franchising in wichtigen Gebieten des Landes auszudehnen.
Die neuen Geschäfte werden lokale Arbeitsplätze in den Bereichen Kane und Kendall schaffen, wobei spezifische Standorte und Eröffnungsdaten in den kommenden Monaten bekannt gegeben werden. Das Unternehmen sucht weiterhin Partnerschaften mit Multi-Unit-Betreibern zur Expansion in unerschlossene Gebiete in Illinois und den umliegenden Bundesstaaten.
- New franchise agreement secured for 3 shop locations in Illinois
- Expansion through experienced multi-unit operators with proven track record
- Strategic growth in key markets through franchising model
- None.
Insights
This franchise development agreement marks a calculated step in Potbelly's expansion strategy, though its immediate financial impact will be modest relative to the company's
The Kane and Kendall markets represent attractive expansion territories due to their demographic profiles and current presence of fast-casual sandwich concepts. Based on typical Potbelly unit economics, three new locations could potentially generate annual revenues of
What's particularly noteworthy is the franchisees' background in managing complementary rather than competing brands. This suggests minimal cannibalization risk while potentially offering operational synergies in areas like supply chain management and local marketing. Their experience with Dunkin', which operates in the breakfast and coffee segment, could be especially valuable for developing Potbelly's morning daypart business.
The agreement also signals confidence in Potbelly's franchise model, which has been evolving to attract more sophisticated multi-unit operators. In the competitive fast-casual segment, having experienced franchisees is important for maintaining brand standards and achieving unit-level profitability. The focus on Illinois expansion is logical given Potbelly's strong brand recognition in its home market, which typically leads to faster store ramp-up periods and lower marketing costs.
For investors, while this agreement alone isn't transformative, it validates Potbelly's franchise-driven growth strategy and ability to attract qualified operators. The company's focus on controlled expansion through experienced partners suggests a balanced approach to growth that prioritizes unit economics over rapid store count increases.
CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the beloved neighborhood sandwich shop, is proud to announce its latest expansion in Illinois with the signing of a new Shop Development Agreement (SDA). Franchisees Anand and Nimisha Patel have committed to opening three new Potbelly locations across the Kane and Kendall markets, further solidifying the brand’s presence in the region.
The development of these markets aligns with Potbelly’s strategic growth plan to expand its footprint through franchising in key areas nationwide. The company remains eager to partner with passionate multi-unit operators to expand its footprint in its remaining untapped territories in the State of Illinois and neighboring states.
Anand and Nimisha Patel bring extensive experience in the food and beverage industry, as owners of renowned brands such as Dunkin’ Donuts and Baskin Robbins. Their proven track record of success and passion for delivering exceptional dining experiences make them ideal franchise partners to continue growing the Potbelly brand in Illinois. This new agreement underscores Potbelly’s mission to partner with multi-unit operators who share a commitment to quality and community engagement.
Known for its craveable toasted sandwiches, hand-dipped shakes, and inviting atmosphere, Potbelly continues to resonate with customers seeking an elevated fast-casual dining experience.
The new shops will contribute to local economic growth by creating job opportunities in the Kane and Kendall areas. Details regarding specific site locations and grand opening events will be shared in the coming months.
For more information about Potbelly Sandwich Works’ available franchise opportunities, please contact:
Maureen DiStefano
Sales Director, Potbelly Sandwich Works
Phone: (445) 287-1182
Email: Maureen.Distefano@Potbelly.com
Website: https://franchising.potbelly.com
About Potbelly
Potbelly Corporation is a neighborhood sandwich concept that has been feeding customers’ smiles with warm, toasty sandwiches, signature salads, hand-dipped shakes and other fresh menu items, customized just the way customers want them, for more than 40 years. Potbelly promises Fresh, Fast & Friendly service in an environment that reflects the local neighborhood. Since opening its first shop in Chicago in 1977, Potbelly has expanded to neighborhoods across the country - with more than 440 shops in the United States including more than 90 franchised shops in the United States. For more information, please visit our website at www.potbelly.com.
FAQ
How many new Potbelly (PBPB) locations are planned for Kane and Kendall markets in Illinois?
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