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Newk's Eatery

Newk's Eatery

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

Newk's Eatery
Private
IndustryRestaurants
Founded2004 inOxford, Mississippi[1]
HeadquartersJackson,Mississippi,United States[2]
100+[3][4]
ProductsFast casual/café, including hot and coldsandwiches,flatbreads,salads, andsoups
Revenue
Approximately 5,000 full/part time (including franchises)[6]
Websitenewks.com[26]

Corporate history

The original Newk's Eatery in Oxford, Mississippi

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 to 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.[11]

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.[11][13][14] Sentinel, which specializes in buying and building companies, implemented a plan for rapid growth.[7][16] Shortly after its acquisition by Sentinel, Newk's announced plans to grow to more than 300 units by 2018.[7][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.[6][5][23][24] Defining features of the company's restaurants are open kitchens and large round tables with complementary gourmet condiments, toppings, and breadsticks.[5][25]

See also

  • List of bakery cafés

References

[1]
Citation Linkwww.qsrmagazine.comsam (4 April 2016). "Newk's to Celebrate Unit No. 100 by Raising $100k". qsrmagazine.com. Retrieved 16 April 2018.
Sep 26, 2019, 7:49 PM
[2]
Citation Linkwww.bloomberg.com"Newk's Franchise Company, LLC: Private Company Information - Businessweek". Businessweek.com. Retrieved 12 August 2015.
Sep 26, 2019, 7:49 PM
[3]
Citation Linkwww.newks.com"Locations". newks.com. Retrieved 5 August 2015.
Sep 26, 2019, 7:49 PM
[4]
Citation Linkwww.nola.comBrasted, 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.
Sep 26, 2019, 7:49 PM
[5]
Citation Linkwww.nrn.comDempsey, Mike (17 May 2010). "Newk's Eatery". Nation's Restaurant News. New York City. Retrieved 2015-07-31.
Sep 26, 2019, 7:49 PM
[6]
Citation Linkwww.bizjournals.com"McAlister's Deli founders bringing Newk's Express Cafe to Triangle". Triangle Business Journal. Retrieved 12 August 2015.
Sep 26, 2019, 7:49 PM
[7]
Citation Linknrn.comThorn, Bret (3 September 2014). "Newk's names Jim Greco COO". Nation's Restaurant News. New York City. Retrieved 2015-07-31.
Sep 26, 2019, 7:49 PM
[8]
Citation Linkwww.restaurantnews.com"Newk's Eatery Experiences Explosive Year-end Growth". RestaurantNews.com. 20 November 2013. Retrieved 2015-07-31.
Sep 26, 2019, 7:49 PM
[9]
Citation Linkwww.fastcasual.com"McAlisters deli founders find second time success". Fast Casual. 21 November 2010.
Sep 26, 2019, 7:49 PM
[10]
Citation Linkwww.restfinance.comMaze, Jonathan (25 March 2014). "Sentinel Capital Buys Newk's Eatery". Restaurant Finance Monitor. Minneapolis, Minnesota. Retrieved 2015-07-31.
Sep 26, 2019, 7:49 PM
[11]
Citation Linknrn.comRuggless, Ron (10 April 2013). "Newk's rolls out rebranding initiative". Nation's Restaurant News. New York City. Retrieved 2015-07-31.
Sep 26, 2019, 7:49 PM
[13]
Citation Linkwww.washingtontimes.com"Founders sell majority of Newk's restaurant chain - Washington Times". The Washingtion Times. Retrieved 5 August 2015.
Sep 26, 2019, 7:49 PM
[14]
Citation Linkwww.wapt.com"Founders sell majority of Newk's restaurant chain". WAPT. 26 March 2014. Retrieved 12 August 2015.
Sep 26, 2019, 7:49 PM
[16]
Citation Linkwww.franchisetimes.com"Newk's COO, Backed by Sentinel Investment, Aims for Next Level". franchisetimes.com. Retrieved 5 August 2015.
Sep 26, 2019, 7:49 PM
[18]
Citation Linkwww.bizjournals.comhttp://www.bizjournals.com/southflorida/news/2015/11/11/five-guys-burgers-and-fries-franchisees-to-bring.html
Sep 26, 2019, 7:49 PM
[19]
Citation Linkwww.restaurantnews.com"Newk's Eatery Expands into Northgate Community with Second Baton Rouge Restaurant". RestaurantNews.com. Retrieved 5 August 2015.
Sep 26, 2019, 7:49 PM
[20]
Citation Linkwww.bizjournals.comSnider, Eric (29 January 2015). "Newk's Eatery announces franchise deal for 11 locations in Tampa Bay". Tampa Bay Business Journal. Retrieved 4 August 2015.
Sep 26, 2019, 7:49 PM
[21]
Citation Linkwww.newks.com"Menu". Newk's Eatery. Retrieved 2015-07-31.
Sep 26, 2019, 7:49 PM
[22]
Citation Linkmsbusiness.comWally Northway. "Newk's: chapter 2 in success story". Mississippi Business Journal. Retrieved 12 August 2015.
Sep 26, 2019, 7:49 PM
[23]
Citation Linkwww.qsrmagazine.com"Newk's Cafe Increases Sales, Opens New Locations". qsrmagazine.com.
Sep 26, 2019, 7:49 PM