Harman Patil (Editor)

Newk's Eatery

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Type
  
Private

Number of locations
  
100

Founded
  
2004

Industry
  
Restaurants

Headquarters
  
Jackson

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Key people
  
Don Newcomb, Co-founder Chris Newcomb, Co-founder Michael T. Clock, President and CFO

Products
  
Fast casual/Café, including hot and cold sandwiches, flatbreads, salads, and soups

Revenue
  
$141 million USD (2014)

Number of employees
  
Approximately 5,000 full/part time (including franchises)

Parent organization
  
Newk's Holding Company, LLC

Newk's Eatery is a chain of fast casual cafés. Newk's operates over 100 restaurants in 13 states.

Contents

Newk s eatery


Corporate history

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. Newcomb and Newcomb had previously created and sold the restaurant chain McAlister's Deli. 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.

The business was bought by private equity firm Sentinel Capital Partners in 2014 for an undisclosed amount, identifying the restaurant chain's opportunity for growth as a driving factor in the decision to acquire the company. Sentinel, which specializes in buying and building companies, implemented a plan for rapid growth. Shortly after its acquisition by Sentinel, Newk's announced plans to grow to more than 300 units by 2018.

Today, over 100 Newk's locations operate in 13 U.S. states. The company is headquartered in Jackson, Mississippi, United States. Newk's announced $141 million in revenue in 2014.

Newk's purveys gourmet made-from-scratch sandwiches, soups, salads, California-style pizzas, desserts, fresh fruit, coffee, specialty drinks, wine, beer, and a large variety of other related items. 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. Defining features of the company's restaurants are open kitchens and large roundtables with gourmet condiments, toppings, and breadsticks, which can be found at all Newk's locations.

References

Newk's Eatery Wikipedia