TL;DR
Freshii Inc. has filed for a Canadian IPO to raise funds for growth, buying back a master partner agreement, and repaying debt. The company aims to create a future with healthy restaurants in every cluster of fast-food outlets.
The fast-growing healthy restaurant chain, Freshii Inc., is planning for significant growth in 2017. According to a recent Nation’s Restaurant News article , the company has filed for preliminary documents for an initial-public offering in Toronto where the company is based.
Talk of a public offering both in the U.S. and Canada for Freshii has been in the works for the past year. The company would like to use funds raised for its own growth, buying back a master partner agreement in Chicago and repaying debt.
“Imagine a world where every cluster of fast-food outlets also included a healthy restaurant serving fresh salads, hearty quinoa bowls, whole grain wraps and fresh pressed juices,” Matthew Corrin, who founded the chain in 2005 and is its CEO, wrote in the filing. “That is the future that we are aiming to create with Freshii.”
With a primarily franchised business model and innovative marketing strategy, the brand’s unit count has tripled from 2013 and reports 244 locations currently.
In this story
This story was originally published in 1851 Franchise on December 21, 2016. Burnaze summarizes and links to the original reporting.
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