TL;DR
Newk's Eatery signs a three-store development agreement with Mooney Restaurant Ventures for Memphis and the surrounding area. Mooney Restaurant Ventures, led by Dr. Spencer Mooney, will develop three additional locations in the area.
Mooney Restaurant Ventures is led by Dr. Spencer Mooney who has operated several very successful Newk’s Eatery restaurants since 2007. He recently purchased three existing stores in the Memphis market and agreed to develop three additional locations in the surrounding area.
“I’m incredibly honored to become a bigger part of the Newk’s family,” said Mooney. “The Memphis metropolitan area is a wonderful market for us. Memphians appreciate fresh, delicious food and we can’t wait to build relationships in the communities we serve as we bring Newk’s to even more people.”
“Dr. Mooney has been a great franchisee of Newk’s Eatery for over 15 years and we are thrilled to have him expand his presence in the Newk’s system,” said Newk’s Eatery CEO Frank Paci.
In this story
This story was originally published in Franchising.com on June 20, 2023. Burnaze summarizes and links to the original reporting.
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