CSG Snapshot: Newk’s Franchise Company
2680 Crane Ridge Drive
Jackson MS 39216
$228.9 million (e)
AL, AR, FL, GA, KY, LA, MD, MO, MS, NC, SC, TN, TX
CEO and Co-Founder: Chris Newcomb
President + COO: Jim Greco
Chief Marketing Officer: Alan Wright
What a difference a few years make. When founders Don Newcomb, Debra Bryson and Chris Newcomb (the team that also created and later sold McAlister’s Deli) sold a majority stake of fast-casual Newk’s Eatery to Sterling Capital Partners in early 2014, they’d grown the chain to 67 locations in 10 years. Two years later, with a pocketful of private equity cash, CEO Chris Newcomb has 109 stores open, plans for 125 locations by the end of 2016 and 200+ total units by 2018. Current areas of expansion for Newk’s include greater Atlanta, Orlando and Denver, the latter of which will become the westernmost outpost for the chain.
Historical Data Source: Chain Store Guide’s Database of Chain Restaurant Operators. *CSG projection based on proprietary analysis and company statements. Actual figures are subject to change. This data is not intended for investment decisions.