Gregor Coffee was established in 2006 and has more than 50 places.
Source: Gregor Coffee
Craveworthy brand is now an investor and managing partner of Gregories coffee, a nationwide footprint with a New York City -based coffee chain.
Both companies announced the deal on Thursday. Financial terms were not disclosed.
A rapidly growing restaurant holding company, Craveworth Brands, has become a vast investor since its establishment in 2022. Its portfolio includes heritage chains such as Chengis Grill and BD’s Mongolian Grill, including Big Chicken of Shakewal O’Neel as well as several virtual brands that offer delivery only.
Gregors were established in 2006. The regional coffee chain is often counted as part of the tendency of the third-wave coffee, focused on quality beans and artisans crafts, as well as with companions with blue bottle coffee and intelligence coffee. Today, Gregories have more than 50 places, but the deal with the Craveworth Brands is to help franchise Gregors and expand beyond its tristate stronghold.
The founder Gregory will remain as the chairman of the Zamfotis brand.
“Gregory has created something special: a creed is the following, an craft product and a clear identity. Our role is that to grow thoughtfully in operational firepower,” Craveworthy brands founder and CEO Greg Majski said in a statement.
More than two decades ago, Majevsky served as CEO of Sandwich Chain Jimmy Johns, growing it up to 300 places from a few dozen restaurants to 300 places until the time left in 2003. Private Equity Firm Rorak CapitalHe told CNBC in an interview in May. The metro near Rorak, Dunkin’s parents have inspired Brands and Cinebon owner Goto Foods.
When the Crewwithi brands are looking for potential additions to the portfolio, Majjarski has said that it is targeting brands with less than 75 places and easily franchise capacity. Today, the company’s holdings include more than a dozen restaurants, and its investment includes lump sum ownership to controlling bets. A spokesperson said that with Gregris acquisition, the company’s annual system sales would cross $ 400 million.
The latest deal of Craveworthy brands comes in the form of beverages, which run rapid traffic in the restaurant industry. Although Starbucks Sale is slippingNew series such as Dutch bros And 7 Bru has seen an increase in recent years. Like fast-food chain McDonald’s And Yama brand-A is a taco bell Extensive beverage menu testMore ways to customize and caffinate, from refreshers to cold brue.
Harborfield Management, Branded Hospitality and Restaurant Venture Capital Firm Kitchen Fund also invested in Gregories as part of the funding round. Like Majevsky and Zamfotis, the managing partner of the kitchen fund is also named Greg.
