First Watch is a restaurant chain based in University Park, FL. The headquarters is located at 8027 Cooper Creek Blvd in University Park, FL. 6,000 employees employed by First Watch are spread among over 200 locations in 26 states. The first opened in Pacific Grove, California in 1983 by Ken Pendery and John Sullivan. They moved the business to Bradenton, FL in 1986. The First Watch restaurants were named for marine terminology referring to the first shift of the day. They founded it after leaving Le Peep's breakfast chain in Colorado. Since January 1, 2016, Kenneth L Pendry Jr. become CEO. First Watch President is Christopher A. Tomasso, Chief Financial Officer Paul Hineman, Chief Operating Officer is Richard M. Akman, and Brand Director is Kevin Hall. The First Watch restaurant is only open between 07:00 and 2:30.
By 2016, the restaurant chain generates $ 243 million in revenue. Egg & amp; based in Colorado; My Restaurant was purchased by First Watch in May 2015. The Egg & I have 114 restaurants in twenty states. Not every Egg & amp; The location of Restaurant I will be First Watch, but starting 2016, 22 conversions have been completed. In 2014, First Watch purchased The Good Egg, located in Arizona. The 18 The Good Egg restaurant has been converted into a First Watch restaurant. In addition, First Watch has Bread & amp; Companies, bakeries and cafes located in Nashville, Tennessee.
Advent International, a private equity firm, bought a majority stake in First Watch in 2017. Advent International values ​​the restaurant chain between $ 300 million and $ 500 million. Advent International buys First Watch from Freeman Spogli & amp; Co., which acquired First Watch in 2011. Freeman Spogli & amp; Co bought 85 percent of shares previously held by Catterton Partners. Catterton's coup was acquired in 2004 with a $ 35 million investment that allowed First Watch to flourish in the Southeast and Midwest, doubling the number of First Watch restaurants. First Watch has a great presence in Florida, Texas, Ohio, Colorado, and Arizona. First Watch and Egg & amp; My restaurant serves breakfast, lunch and lunch and offers a wide variety of items.
In 2016, Mac Haik Enterprises approved an exclusive franchise development agreement with First Watch to develop 18 restaurants in Southeast Texas and Southwest Louisiana. First Watch offers menu items like Avocado Toast, Smoked Salmon Eggs Benedict, Farm Stand Breakfast Tacos, Lemon Ricotta Pancakes, and Fresh Juice Bar.
In 2018, First Watch began taking coffee from Huila, Colombia. The company calls this Project Sunrise, and this single origin coffee grew from a group of women living in Colombia. First Watch chose to change their coffee source because they wanted to, "Support hardworking women and their families in Huila by 2018." Royal Cup Coffee, a coffee company based in Alabama, roasting coffee.
First Watch is classified as the best breakfast chain in a survey of 150,000 Consumer Reports readers who ranked top in taste, service, value and menu options.
Video First Watch (restaurant chain)
References
Source of the article : Wikipedia
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