|By PR Newswire||
|August 13, 2014 02:50 PM EDT||
ADDISON, Texas, Aug. 13, 2014 /PRNewswire/ -- Bar Louie, a neighborhood bar and eatery known for its handcrafted cocktails, local brews and craveable food, announced today plans to expand in California, with a focus on the San Diego market. Due to the success of its Arizona and Colorado locations, the company is actively seeking qualified candidates to open new restaurants along the West Coast over the next few years.
This is part of Bar Louie's national expansion plan to target specific communities throughout the country. The company has plans for nearly 100 new corporate and 100 franchise locations across the U.S. within the next five years.
"This is an exciting time for Bar Louie as we are expanding to California for the first time," said John Neitzel, chief executive officer of Bar Louie. "As we continue to expand, our goal is to develop profitable businesses for franchisees and provide top-shelf service to local communities throughout San Diego. We invite entrepreneurs interested in owning their own bar/restaurant to join our system and benefit from the support of a proven business model."
With more than 80 Bar Louie locations across the country, the brand is dedicated to remaining a national brand with local appeal and delivering an unforgettable experience to every guest. Bar Louie features an exceptional selection of distinctly prepared food such as small plates, flatbreads, salads, sandwiches, burgers and large plates. While beer and wine connoisseurs enjoy a wide selection of imports, microbrews and over 20 wines by the glass, cocktail drinkers revel in signature martinis, mojitos and margaritas made from the highest quality ingredients, fresh fruit and hand squeezed juices.
To fuel this growth on the West Coast, the company is seeking experienced multi-unit foodservice and retail operators with a passion for the industry who demonstrate community involvement and will be committed to day-to-day operations. Qualified franchisee candidates should possess a minimum net worth of $3 million and liquid assets of at least $1 million. Bar Louie franchisees can expect their initial investment to range from approximately $410,000 - $3 million.
About Bar Louie
Bar Louie, based in Addison, Texas, is a casual-dining restaurant and neighborhood bar located in the United States. Founded in 1990, Bar Louie has more than 80 locations across 25 states. The average unit volume for a Bar Louie is $2.5 million with an industry high average gross profit margin. The company was named to Nation's Restaurant News' 2013 Breakout Brands and Top 10 Newcomers lists. In addition, the company was awarded the 2011 Cheers Beverage Excellence Award for "Best Chain Overall Beverage Program". For more information, visit barlouieamerica.com.
SOURCE Bar Louie
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