Tag:

Franchising

Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights' Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights'
Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights' Jersey Mike’s Subs, a Garden State icon that grew into a national sandwich powerhouse, is set to sell a majority stake to private equity giant Blackstone, officials said. The Manasquan-based restaurant chain has agreed to sell the stake in the company, Blackstone said in a news release on Tuesday, Nov. 19. Jersey Mike’s founder and CEO Peter Cancro will keep a significant equity share and continue leading the business. When he was 14 years old, Cancro began working at the original location in Point Pleasant that opened as Mike's Subs in 1958. At 17, he bought the restaurant in 1975 and…
NJ High School Sweethearts Make Deal On 'Shark Tank,' Fry Bar Expands Across State: Report NJ High School Sweethearts Make Deal On 'Shark Tank,' Fry Bar Expands Across State: Report
NJ High School Sweethearts Make Deal On 'Shark Tank,' Fry Bar Expands Across State: Report A pair of high school sweethearts running a Latin-inspired French fry company struck a deal this week on "Shark Tank." James and Johanna Windon, who met at Morristown High School and are now married with three children, started Buena Papa Fry Bar in Raleigh, N.C., with just $18 in their bank account during the pandemic. View this post on Instagram A post shared by Buena Papa Fry Bar 🍟 (@buenapapafrybar) View this post on Instagram A post shared by Buena Papa Fry Bar 🍟 (@buenapapafrybar) In two…
Dumpling Automat With Flavors Like PB&J, Pastrami Coming To NJ Mall Dumpling Automat With Flavors Like PB&J, Pastrami Coming To NJ Mall
Dumpling Automat With Flavors Like PB&J, Pastrami Coming To NJ Mall A fast-growing dumpling automat chain is coming to a New Jersey mall. Brooklyn Dumpling Shop offers 32 unique dumpling varieties including Pastrami, Bacon Cheese Burger, Lamb Gyro, French Onion Soup, Philly Cheesesteak, Impossible and Reuben and Peanut Butter & Jelly. The zero human interaction quick-service restaurant opened its flagship location in the East Village in May 2021. The 24-hour restaurant has a contactless ordering system and brings back the Automat of yesteryear with the technology of today.  The shop is partnering with veteran franchisee Tom Graziano, who…