Four Foods Group Announces Major Funding to Launch New Franchise Brands
Four Foods Group (FFG), a restaurant concept accelerator company, announced it has completed the placement of over $35 million of growth capital funding. The funds will be used to expand FFG’s business operations and relationships across multiple brands by utilizing its established operating processes, expertise, systems and relationships to accelerate the growth of emerging restaurant brands and concepts.
“We have proven, with the Kneaders Bakery and Café brand, that we can accelerate restaurant concepts profitability through our platform,” said Andrew K. Smith, Four Foods Group CEO. “We provide the requisite recipe for success, including providing resources for growth, management and all back office functions.”
FFG has built and opened 43 Kneaders Bakery & Café restaurants throughout the Western United States with five more currently in development. The company is projected to surpass over $100 million in revenue in 2016, a number that recently placed them on the Inc. 5000 list for the fifth consecutive year.
FFG has established teams for in-house real estate, development and construction, facility management, operations, human resources, recruiting and training, payroll and benefits administration, IT support, marketing, and financial oversight.