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In November 2018, Cava Group bought Zoës Kitchen, a restaurant chain with more than 250 locations, in a deal worth $300 million, taking the company private and helping Cava expand further into the suburbs. [6] [17] [18] As of August 2021, there are 133 Cava locations. All Cava restaurants are company-owned, and none are franchised. [6]
Brett Schulman knows crazy—and he’s not talking about the feta.. The 52-year-old CEO and co-founder has watched Cava, the cult-classic Mediterranean fast-casual spot, skyrocket.
NORTH BRUNSWICK – Cava Mezze Grill, a fast-growing, casual Mediterranean restaurant, may be coming to the Route 1 corridor. The township Planning Board will consider in a virtual June 11 meeting ...
Zoës Kitchen was a Mediterranean Style restaurant chain, and a subsidiary of the Cava Group. [1] Their headquarters were located in Plano, Texas.In 2013, the chain had grown to host over 200 locations across 17 states, [citation needed] however, acquisition by Cava Group resulted in a reduction of Zoe's locations (some replaced by Cava restaurants).
Cava's Mediterranean-themed restaurants are drawing crowds and it is opening new locations, hinting at material long-term growth potential.
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Cava lays out slow and steady growth plans. By 2032, the company plans to have 1,000 Cava locations. At the end of fiscal 2023, the company had 309 locations, with 72 opened last year, and plans ...
If Cava hits 1,000 locations and a $4 million AUV, that is $4 billion in annual revenue 10 years from now with still plenty of room for store expansion thereafter. Trailing-12-month revenue was ...