Garbanzo Mediterranean Fresh announced a strategic growth plan to sign more than 20 new deals in 2020 and make its entrance into key markets across the United States.
This announcement comes on the heels of an impressive 2019. Last year, GARBANZO signed 13 franchise agreements totaling 45 units, including eight corporate-owned restaurants sold to a new franchise partner. Over the past several months, GARBANZO has added 30 locations to its franchise pipeline through development deals in Boston, Cincinnati, Indiana and Kentucky. The brand’s 2020 franchise expansion strategy is primarily focused on prime territories spanning the Midwest, south to Texas and west to the Rocky Mountain states.
Additionally, the brand introduced a new restaurant prototype in its home market of Denver Metro displaying a bright, open and fresh environment.
“The success GARBANZO experienced in 2019 perfectly sets the stage for a strong 2020,” says Larry Sidoti, chief development officer for Garbanzo Mediterranean Fresh. “Our concept has the ability to meet the need for convenient dining options that are both nutritious and delicious on a large scale through franchising. This year, we plan to open at least 10 restaurants and sign 20 new deals to meet our goal of adding 50 units to our development pipeline annually.”
Aligned with consumer preferences for healthier, fresh meal options, GARBANZO is well on its way to making Mediterranean cuisine a staple across the United States. As the brand expands into key markets, GARBANZO is actively seeking qualified multi-unit owners looking to add an exciting health-forward fast casual concept to their portfolios. Ideal GARBANZO franchisees have restaurant operations and management experience, as well as share the brand’s values and mission of showing the world how delicious nutritious can be. Franchisees must have a minimum net worth of $1,000,000 and meet the minimum liquid assets requirement of $400,000. The initial investment per restaurant ranges between $387,400 and $783,967.