Philadelphia, PA - According to a spokesperson for Federal Donuts, the company is looking to open 150 new branches. The recent locations will include franchise locations as well as corporate-owned stores.
Federal Donuts Plans Mid-Atlantic Expansion
But what are Federal Donuts' long-term goals? Co-founders Cook and Solomonov still hold a significant amount of ownership. However, the company also hopes to increase its store count in the long run.
Philadelphia-based Federal Donuts is expanding its mid-Atlantic footprint with the help of a significant investment from NewSpring Franchise. Founded in 2011, Federal Donuts specializes in fried chicken and doughnuts and has recently announced a partnership with NewSpring. The partnership will help the fast-casual chain grow, providing expertise and capital to expand. In addition to the NewSpring franchise, the company will keep its CEO on board.
Federal Donuts is taking on a new strategy to expand in the mid-Atlantic region. The new strategy aims to grow the company from the inside out by establishing franchises in the region. In addition to opening franchises in the suburbs, the company is tinkering with its recipes and adding new products. Federal Donuts is now in 11 locations in Philadelphia.
With the recent investment from NewSpring, Federal Donuts is poised for expansion across the mid-Atlantic region. The company, based in Philadelphia, offers fried chicken sandwiches, donuts, and coffee, packaged in a fast-casual setting. Its founders are Michael Solomonov, Steve Cook, Felicia D'Ambrogio, and Bob Logue.
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Food and Event Writer
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