Popular fast-casual restaurant signs area development agreement with existing franchisee
Newk’s Eatery announced it has signed a three-store development agreement with Mooney Restaurant Ventures, LLC for Memphis and the surrounding 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.
To learn more about Newk’s, visit Newks.com.
Based in Jackson, Mississippi, Newk’s Eatery is a fast-casual chain that operates and franchises just under 100 units in 15 states. Founded in 2004 and named after Co-Founder Chris “Newk” Newcomb, Newk’s offers salads, sandwiches, soups and pizzas, all made in-house without fryers or microwaves. Fresh grab-and-go options are also available, and Newk’s new mobile app, now available on Google Play and the App Store, offers mobile ordering for curbside, in-store pickup or delivery. In 2020, Newk’s ranked in Nation’s Restaurant News’ “Top 200 Countdown” and Restaurant Business’ Top 250 Chains. Newk’s has also been selected as a Top Food Franchise by Entrepreneur. In 2021, Newk’s was recognized in Nation’s Restaurant’s News as a “Top Scorer in Takeout Food Quality” and ranked among the highest “True Loyalty” scores – the percentages of respondents who said they visit because of a real desire to experience the brand, as opposed to convenience. For more information, visit Newks.com, join Newk’s Rewards or follow Newk’s on Facebook, Instagram, LinkedIn and Twitter. For franchise information, visit franchise.newks.com.
