---
title: "Newk’s Eatery Announces Plans to Expand in Memphis"
url: https://burnaze.com/article/c93e117d-f83b-43d9-b652-0ee7a3a27f0c
source: "Franchising.com"
original_url: https://www.franchising.com/news/20230620_newks_eatery_announces_plans_to_expand_in_memphis.html
category: "Fast casual"
industry: "Restaurants"
segment: "Fast casual"
topics: ["Development & multi-unit"]
published: 2023-06-20T12:00:00.000Z
modified: 2026-10-31T20:33:58.686Z
image: https://images.unsplash.com/photo-1555396273-367ea4eb4db5?w=1600&q=80&auto=format&fit=crop
---

# Newk’s Eatery Announces Plans to Expand in Memphis

**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.

*originally published in Franchising.com on 2023-06-20. [Read the original](https://www.franchising.com/news/20230620_newks_eatery_announces_plans_to_expand_in_memphis.html).*

## Story

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.

## Entities

- Franchising.com (publication)
- unit expansion (topic)
- QSR (sector)
- franchise agreement (topic)
- restaurant development (topic)
- Newk's Eatery (company)
- Memphis (location)
- Frank Paci (person)
- Mooney Restaurant Ventures (company)
- Dr. Spencer Mooney (person)
- Mooney Restaurant Ventures investment in Newk's Eatery (deal)

---
Originally reported by Franchising.com (https://www.franchising.com/news/20230620_newks_eatery_announces_plans_to_expand_in_memphis.html). Summarized by Burnaze (https://burnaze.com/article/c93e117d-f83b-43d9-b652-0ee7a3a27f0c).