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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.
In its IPO documents, management said it thinks there is room for at least 1,000 Cava restaurant locations in the United States. Last year, it opened 72 stores, and it plans to open 50 more in 2024.
As of April 21, Cava had only 323 locations -- about half the footprint of Cracker Barrel. Moreover, Cava was only just founded in 2010. In other words, Cracker Barrel had a head start of four ...
[9] [10] Non corporate owned locations remain open. By September 2014, 14 franchise locations operate in Texas, Oklahoma, and Louisiana. [11] [12] As of 2024, there were a total of four Pancho's-branded locations still open (1 in Arlington, 1 in Humble, 1 in the Fort Worth area and one in Mesquite Tx). [13]
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Cava, which now expects to open 50 to 54 restaurants this year, up from a Feb. 26 forecast of 48 to 50, also raised its same-restaurant sales outlook range to 4.5% to 6.5% from 3% to 5%.