{"id":770957,"date":"2023-07-19T12:28:44","date_gmt":"2023-07-19T16:28:44","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/potbelly-signs-multi-unit-development-agreement-with-company-founder-bryant-keil\/"},"modified":"2023-07-19T12:28:44","modified_gmt":"2023-07-19T16:28:44","slug":"potbelly-signs-multi-unit-development-agreement-with-company-founder-bryant-keil","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/potbelly-signs-multi-unit-development-agreement-with-company-founder-bryant-keil\/","title":{"rendered":"Potbelly Signs Multi-Unit Development Agreement with Company Founder Bryant Keil"},"content":{"rendered":"<h2>\n27 Unit Deal Includes 15 New Shops and 12 Refranchised Locations in Maryland<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">CHICAGO, July  19, 2023  (GLOBE NEWSWIRE) &#8212; Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, today announced that it has finalized a 27-shop agreement in Maryland with the company\u2019s founder Bryant Keil and his son Hampden.<\/p>\n<p>The agreement grants Mr. Keil exclusive territory rights in seven Maryland counties \u2013 Washington, Frederick, Montgomery, Prince George, Charles, Calvert, and St. Mary\u2019s \u2013 to develop 15 new Potbelly shops in the next eight years. Additionally, Potbelly will refranchise 12 existing restaurant locations as part of the transaction.<\/p>\n<p>\u201cThe Potbelly brand we know and love was shaped by Bryant\u2019s leadership. He has a keen understanding of the Potbelly vision and deep appreciation for the brand and what sets us apart,\u201d said Bob Wright, President and CEO of Potbelly. \u201cHe oversaw years of incredible expansion for our brand, and we look forward to him accelerating our growth momentum in Maryland as we continue to execute our strategic franchise and growth strategy across the U.S. Along with refranchising several of our existing shops, this agreement will extend Potbelly\u2019s presence in central and southern regions of the state over the next decade, giving residents and visitors more access to our delicious food.\u201d<\/p>\n<p>\u201cFor nearly three decades, I\u2019ve believed in the strength of the Potbelly brand and the company\u2019s growth potential,\u201d said Mr. Keil. \u201cI\u2019m thrilled for this new partnership and the opportunity to open and operate additional shops on the East Coast. I\u2019m especially excited to partner with my son Hampden to develop the market and our family business. He grew up in Potbelly and has significant restaurant experience. We are both very excited to join the system.\u201d<\/p>\n<p>Mr. Keil first purchased Potbelly in 1996, when it was a single antique shop in the Lincoln Park neighborhood of Chicago whose owners served sandwiches to their customers. As CEO, he leaned into the differentiated Potbelly business model \u2013 creating shops that serve delicious, craveable food in an environment prioritizing good vibes \u2013 and successfully expanded the company to 250 locations by 2008. Today, there are more than 425 Potbelly locations in cities around the U.S.<\/p>\n<p>Potbelly has a long-term goal of reaching 2,000 shops over the next 10 years, with at least 85% of those locations being franchised, as part of the company\u2019s Franchise Growth Acceleration Initiative.<\/p>\n<p>You can learn more about franchise opportunities with Potbelly at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=45C6L2qS7-SnXQYyidaAXbHEZ_I8h1tljvFlPZ8n5v8GTVCyC1tw6IW0UdJ_oSCcwu42fRuPGAhtPQ-bEgRbfYnKB52yy3xLoFEbKw6-_r246J9N3jcwPx00CSwftwZF97ld3H3a1w0cI3k_cWOrFOXlamBkAWrINvSSJHRZwoA=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.potbelly.com\/franchising-why-potbelly<\/a>.<\/p>\n<p>\n        <strong>About Potbelly<\/strong><br \/>\n        <br \/>Potbelly Corporation is a neighborhood sandwich concept that has been feeding customers\u2019 smiles with warm, toasty sandwiches, signature salads, hand-dipped shakes and other fresh menu items, customized just the way customers want them, for more than 40 years. Potbelly promises Fresh, Fast &amp; Friendly service in an environment that reflects the local neighborhood. Since opening its first shop in Chicago in 1977, Potbelly has expanded to neighborhoods across the country &#8211; with more than 425 shops in the United States including approximately 53 franchised shops in the United States. For more information, please visit our website at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=AVM1PJn87AGMS5tna_VY2Q1O1Q7jUe6sK0tj4A_oV8fgagS_Xj76NcoH3Ce5gBYd-ukOm77vnkPLezuXotXzFQ_PonvS9IA5B6yYSl1gafd31EDqkmEbHH2MKRcpkfDfMl6CbgDvslMSu-RMhdPx7s9oNmbuQ0LGOYyxXwczLj5ofv_DLkJTiylUm_dClZrn4z5L6M-NGH3uJwm2fdOaVI7qR6jyJwwIpW3QKXKF9bM=\" rel=\"nofollow noopener\" target=\"_blank\">www.potbelly.com<\/a>.<\/p>\n<p>\n        <strong>Forward Looking Statements<\/strong><br \/>\n        <br \/>This press release may contain statements that might be considered forward-looking statements or predictions of future operations including with respect to the shop development agreement with Bryant Keil and Potbelly\u2019s ability to successfully execute on its Franchise Growth Acceleration Initiative. Such statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management\u2019s belief or interpretation of information currently available. These statements and assumptions involve certain risks and uncertainties. Actual events may also differ from these expectations as a result of the risks identified from time to time in our filings with the Securities and Exchange Commission. We assume no duty to update these statements as of any future date.<\/p>\n<p>Contact:<br \/>PotbellyPR@icrinc.com\u00a0<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg3Njc2NiM1Njk4MzAyIzIwMDk5NTk=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NmQzMTJhZjEtNDJlZi00OWI3LTk4MzgtZTFhZGU1NjRlYWIxLTEwMjE1MzI=\/tiny\/Potbelly-Sandwich-Works-LLC.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>27 Unit Deal Includes 15 New Shops and 12 Refranchised Locations in Maryland CHICAGO, July 19, 2023 (GLOBE NEWSWIRE) &#8212; Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, today announced that it has finalized a 27-shop agreement in Maryland with the company\u2019s founder Bryant Keil and his son Hampden. The agreement grants Mr. Keil exclusive territory rights in seven Maryland counties \u2013 Washington, Frederick, Montgomery, Prince George, Charles, Calvert, and St. Mary\u2019s \u2013 to develop 15 new Potbelly shops in the next eight years. Additionally, Potbelly will refranchise 12 existing restaurant locations as part of the transaction. \u201cThe Potbelly brand we know and love was shaped by Bryant\u2019s leadership. He has a keen understanding of the Potbelly vision and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/potbelly-signs-multi-unit-development-agreement-with-company-founder-bryant-keil\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Potbelly Signs Multi-Unit Development Agreement with Company Founder Bryant Keil&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-770957","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Potbelly Signs Multi-Unit Development Agreement with Company Founder Bryant Keil - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/potbelly-signs-multi-unit-development-agreement-with-company-founder-bryant-keil\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Potbelly Signs Multi-Unit Development Agreement with Company Founder Bryant Keil - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"27 Unit Deal Includes 15 New Shops and 12 Refranchised Locations in Maryland CHICAGO, July 19, 2023 (GLOBE NEWSWIRE) &#8212; Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, today announced that it has finalized a 27-shop agreement in Maryland with the company\u2019s founder Bryant Keil and his son Hampden. The agreement grants Mr. Keil exclusive territory rights in seven Maryland counties \u2013 Washington, Frederick, Montgomery, Prince George, Charles, Calvert, and St. Mary\u2019s \u2013 to develop 15 new Potbelly shops in the next eight years. Additionally, Potbelly will refranchise 12 existing restaurant locations as part of the transaction. \u201cThe Potbelly brand we know and love was shaped by Bryant\u2019s leadership. 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