Newk's Eatery

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

Corporate history[edit]

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[edit]

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[edit]

References[edit]

  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. ^ a b c "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. ^ a b c Dempsey, Mike (17 May 2010). "Newk's Eatery". Nation's Restaurant News. New York City. Retrieved 2015-07-31.
  6. ^ a b "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. ^ a b "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.[self-published source]
  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.

External links[edit]