How much does it cost to open First Watch franchise?
How much does it cost to open a First Watch Restaurants Franchise? The estimated investment required to open a First Watch Restaurants Franchise is between $899,800-$1,522,000. There is an initial franchise fee of $45,000-$80,000 which grants you the license to run a business under the First Watch Restaurants name.
Who is first Watch restaurants?
Headquartered in Bradenton, FL, and operating more than 80 restaurants in 11 states, First Watch Restaurants offers something for everyone, from traditional Breakfast, Brunch and Lunch favorites to our signature creations. Business or pleasure, we take pride in meeting the special needs of our customers.
Is the Good Egg owned by first watch?
In 2014, First Watch bought The Good Egg, which is located in Arizona. As of 2021, 18 of The Good Egg restaurants have been converted into First Watch restaurants. In May 2015, the company acquired the Colorado-based Egg & I Restaurants chain.
What kind of food does First Watch have?
First Watch offers menu items such as avocado toast, smoked salmon eggs benedict, farm stand breakfast tacos, lemon ricotta pancakes, and a fresh juice bar. The name First Watch is a nautical reference to the first work shift aboard a ship as First Watch restaurants are only open from 7:00 AM to 2:30 PM.
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What is First Watch franchise?
First Watch franchise is a breakfast and lunch restaurant franchise serving made-to-order breakfast, brunch and lunch using fresh ingredients. So, First Watch offers traditional favorites, such as omelets, pancakes, sandwiches and salads, and unique specialty items like quinoa power bowls, and avocado toast.
Is First Watch a chain?
There are more than 445 First Watch restaurants in 28 states, and the restaurant concept is majority owned by Advent International, one of the world's largest private-equity firms.
Is First Watch a public company?
First Watch was one of five restaurant chains that went public last year. The company went public at $18 a share and rose to over $20.
How many First Watch locations are there?
First Watch (restaurant chain)Trade nameFirst WatchFounded1983 Pacific Grove, California, U.S.FoundersKen Pendery John SullivanHeadquartersBradenton, Florida , U.S.Number of locations420+12 more rows
Is First Watch a chain or a franchise?
Restaurant Development: At December 26, 2021, First Watch had 435 system-wide restaurants, consisting of 341 company-owned restaurants and 94 franchise-owned restaurants across 28 states.
Is First Watch a good investment?
Is First Watch Restaurant Group Stock a good buy in 2022, according to Wall Street analysts? The consensus among 9 Wall Street analysts covering (NASDAQ: FWRG) stock is to Strong Buy FWRG stock.
Is First Watch Republican?
First Watch Overview First Watch employees are slightly more likely to be members of the Republican Party than the Democratic Party, with 58.0% of employees identifying as members of the Republican Party. Despite their political differences, employees at First Watch seem to be happy.
When did first watch go public?
The shares are expected to begin trading on the NASDAQ Global Select Market on October 1, 2021, under the ticker symbol “FWRG.” The initial public offering is expected to close on October 5, 2021, subject to the satisfaction of customary closing conditions.
What is first watch famous for?
First Watch is famous for its breakfast and lunch option with a sizeable menu, fresh ingredients, generous portions and a wait and kitchen staff that are willing to help you customize an order.
Who did First Watch buyout?
First Watch Restaurants Inc. has acquired The Egg & I Restaurants, the company said Wednesday, in a deal that merges the two largest chains in the burgeoning breakfast-and-lunch segment.
Where was the original First Watch restaurant?
Pacific Grove, CAFirst Watch / Place foundedPacific Grove is a coastal city in Monterey County, California in the United States. The 2010 United States Census population is 15,041. Pacific Grove is located between Point Pinos and Monterey. Pacific Grove has numerous Victorian-era houses, some of which have been turned into bed-and-breakfast inns. Wikipedia
Where is the headquarters for First Watch?
Bradenton, FLFirst Watch / Headquarters
How many First Watch restaurants are there in Florida?
There are 471 First Watch Restaurants locations in the United States as of September 09, 2022. The state with the most number of First Watch Restaurants locations in the US is Florida, with 114 locations, which is about 24% of all First Watch Restaurants locations in the US.
Why is it named First Watch?
A 'first watch' is a nautical term that refers to the very first shift of the day. And if you ask us, it's the best shift of the day. That's because come the crack of dawn, we're slicing and juicing fresh fruit and vegetables and whipping up our French toast batter from scratch, just for you.
Where is the headquarters for First Watch?
Bradenton, FLFirst Watch / Headquarters
Who owns Keke's Breakfast Cafe?
Denny'sDenny's completed its $82.5 million acquisition of Keke's Breakfast Cafe, which has 52 units across Florida, the company announced Wednesday. Denny's used cash on hand as well as funds from a revolving credit facility to purchase the chain.
How many First Watch franchises will be open in 2020?
As seen in the table above both First Watch franchise locations and company-operated locations have increased over the past two years. In 2020 there was an increase of 22 company-operated restaurants and 19 franchise locations. These numbers indicate the business overall is expanding.
Who owns First Watch?
The First Watch restaurant concept is majority owned by Advent International, one of the world’s largest private-equity firms. In 2018 2018 it was voted as one of the “Best Places to Work” by Business Intelligence Group.
How much does it cost to get a first watch license?
The initial license fee for a First Watch franchise is $40,000. This is the upfront fee that must be paid when opening a First Watch franchise.
How much did First Watch make in 2020?
Assuming a profit margin of 10%, it is expected that average First Watch restaurant made $112,000 in profit in 2020.
How long does it take to recoup a first watch investment?
Based on a midpoint investment of $1.3M on $250k of profit and time to scale up, it is expected to take 5-6+ years to recoup your initial capital investment in a First Watch restaurant.
When did the first watch open?
First Watch, Inc., opened the original First Watch Restaurant in Pacific Grove, California in 1983. First Watch, Inc. was dissolved on April 18, 2008. Then on April 30, 2008 First Watch Restaurants began to offer franchises. At the end of 2020 there were 88 franchised locations and 321 company-owned locations across 29 states in the United States.
Does First Watch make any representations?
First Watch does not make any representations about a franchisee’s future financial performance or the past financial performance of company-owned or affiliate-owned or franchised outlets. The company also does not authorize employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, First Watch may provide you with the actual records of that outlet.
When was First Watch Restaurants founded?
Breakfast, Brunch and Lunch. First Watch Restaurants was founded in 1983 in Pacific Grove, CA on the simple concept of putting customers first. In other words, we strive to provide unexpectedly extraordinary experiences everyday.
How much does it cost to open a first watch restaurant?
The estimated investment required to open a First Watch Restaurants Franchise is between $681,400-$1,126,000. There is an initial franchise fee of $40,000-$80,000 which grants you the license to run a business under the First Watch Restaurants name.
Where is First Watch located?
Today, First Watch Restaurants, Inc. is one of the largest privately owned, daytime-only restaurant companies in the country. Headquartered in Bradenton, FL , and operating more than 80 restaurants in 11 states, First Watch Restaurants offers something for everyone, from traditional Breakfast, Brunch and Lunch favorites to our signature creations.
How much does a First Watch Restaurants franchise make?
Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation. Please unlock this franchise for more information.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
How many franchise locations do they have?
As of the 2019 Franchise Disclosure Document, there are 55 franchised First Watch Restaurants locations in the USA.
Does First Watch have territorial rights?
First Watch Restaurants offers territory protections. For an explanation of territorial rights, unlock this franchise for important details.
About Franchise
First Watch Restaurants was founded in 1983 in Pacific Grove, CA on the simple concept of putting customers first. In other words, we strive to provide unexpectedly extraordinary experiences everyday. It's all part of our "YOU FIRST" service philosophy - our commitment to doing whatever it takes to make our customers' visits memorable.
Training and Support
We work together with each franchisee to determine (1) the size of the development area of the market you are interested in pursuing, (2) the number of restaurants to be developed and (3) the schedule of openings. We also provide support in the areas of Real Estate site selection, training, marketing and a comprehensive Operations Manual.
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Complete the form below to get more information, including estimated costs to open and operate this franchise.
Seasonal Menu
Kick off 2022 with new adventures and fresh food from our Jump Start menu. Start with brand new dishes like the Trailblazer Bowl and the Superseed Protein Pancakes, and First Watch favorites, the Carnitas Breakfast Burrito and Purple Haze.
Who is First Watch
Every season brings change to First Watch, but our commitment to quality and sourcing exceptional ingredients never skips a beet.
What time does First Watch open?
The name First Watch is a nautical reference to the first work shift aboard a ship as First Watch restaurants are only open from 7:00 AM to 2:30 PM.
Where is First Watch located?
First Watch is an American restaurant chain based in University Park, Florida . As of May 2021, the chain has more than 300 locations in 26 states and 6,000 employees. First Watch is also the owner of Bread & Company, a bakery and café located in Nashville, Tennessee.
How many First Watch locations are there in 2021?
First Watch (restaurant chain) First Watch is an American restaurant chain based in University Park, Florida . As of May 2021, the chain has more than 300 locations in 26 states and 6,000 employees. First Watch is also the owner of Bread & Company, a bakery and café located in Nashville, Tennessee.
Who bought First Watch?
Advent International bought First Watch from Freeman Spogli & Co, which obtained First Watch in 2011. Free man Spogli & Co. bought out the 85 percent stake previously held by Catterton Partners. Catterton's stake was acquired in 2004 with a $35 million investment that allowed First Watch to expand in the Southeast and Midwest, ...
Is the Good Egg a first watch?
In May 2015, the company acquired the Colorado-based Egg & I Restaurants chain. The Egg & I has 114 eateries across twenty states. Not every Egg & I Restaurant location will become a First Watch, but as of 2016, 22 conversions had been completed. In 2012 First Watch ranked as the best breakfast chain in a survey of 150,000 Consumer Reports readers earning top ratings in taste, service, value, and menu choices.
