TL;DR
Everbowl, a superfood and smoothie chain, has received a $3 million private equity injection from Serruya Private Equity to accelerate its growth and expansion plans. The company plans to use the investment to open as many as 45 locations by the end of 2019.
A private equity injection of $3 million San Diego-based Everbowl, a superfood and smoothie chain, has been announced from the same Toronto-based private equity group that invested in frozen yogurt giant Pinkberry, according to an article in Nation’s Restaurant News.
“The 17-unit Everbowl said the company plans to use the investment from International Franchise Inc., or IFI, a subsidiary of Serruya Private Equity, or SPE, to accelerate growth,” the article said. “By the end of 2019, the company said it plans to open as many as 45 locations,” according to the article.
Everbowl’s founder and CEO, Jeff Fenster, expressed excitement over the investment, saying “Our brand identity and company culture remain vital to our success, and we are thrilled that this partnership will allow us to facilitate our expansion, achieve our long-term business goals, while remaining true to our core vision,” the article said.
The company started two years ago and currently has 17 units, according to the article.
In this story
This story was originally published in 1851 Franchise on February 19, 2019. Burnaze summarizes and links to the original reporting.
Read the full story at 1851 FranchiseLiked this? Get the week's franchise news, explained
- Sunday 8 AM ET weekly + a monthly deep dive
- Sections picked for the industries you follow
- Every claim linked to its source. Free.