Wing It On! was obtained in January and serves as just one of the 4 Craveworthy makes./Photo courtesy of Craveworthy.
Jimmy John’s veteran and CEO of Mongolian Concepts Gregg Majewski has released a new system to grow—and perhaps acquire—fast-everyday restaurant brands.
In partnership with FG Economical Team Inc., Majewski on Thursday debuted the recently produced Craveworthy LLC, which is launching with 4 first restaurant manufacturers less than its umbrella:
- Wing It On! This 12-unit chain was obtained by Craveworthy in January. With a menu of wings, sandwiches and dumplings, it operates in Connecticut, Alabama, New Jersey, Ga, North Carolina, New York, Texas and, quickly, Florida. Founder Matt Ensero will provide as the brand’s president.
- Krafted Burger + Tap: Designed by the Craveworthy workforce in Bolingbrook, Unwell., Krafted is identified for burgers, brunch and brews. A second unit is coming soon to Elmhurst, Unwell. The menu was made by chef Robert Kabakoff, who also has consulted for Mongolian Principles, Yum Manufacturers, Hillstone Eating places and many others.
- The Budlong Scorching Rooster: Also an acquisition, this Nashville scorching rooster principle established by Chicago restaurateur Jared Leonard of Stone Soup Collective, with four retailers, which include a ghost kitchen area, in the Windy Metropolis.
- The Fortunate Cat Poke Firm: Also developed by Craveworthy, this idea is scheduled to start in Oak Brook, Ill., in early 2023. Another 50 ghost kitchen area spots are also prepared.
And the group is on the lookout to develop through both of those franchising and acquisitions.
“Each of our present-day brand names is primed for considerable development, the two as a result of extra franchise spots and via Craveworthy-owned places,” explained Majewski, Craveworthy’s CEO, in a assertion. “In addition, we are cultivating potential acquisition chances that can even further increase to Craveworthy’s system growth.”
Majewski is a previous COO, CFO and CEO of the Jimmy John’s sandwich chain, wherever he grew that brand name from 33 to 300 restaurants, with an additional 600 bought. He also restructured that brand’s operational specifications and was behind the concentration on the “Freaky Fast” advertising technique.
He is making Craveworthy although also serving as CEO of Mongolian Concepts, the father or mother of Genghis Grill, FlatTop Grill and Bd’s Mongolian Grill.
“I have seen the restaurant earth from so a lot of views around the years, and it is distinct to me that the sector requires a new way of thinking specified the value structure and commoditized experiences out there,” Majewski included in a assertion. “That is why we produced Craveworthy. We have a clean up slate but a ton of suitable marketplace ‘muscle power’ to come out of the gates strong and sustain it. The new organization obviously has the probable to provide quite a few pathways for our staff members and franchisees to are living and realize the American Aspiration.”
FG Fiscal is a reinsurance and asset management keeping organization. Craveworthy is a second project underneath the group’s newly fashioned merchant banking platform, which was made with a business mix settlement with tech firm iCoreConnect.
Kyle Cerminara, FG Financial’s chair and fundamental international CEO, mentioned in a statement, “We are thrilled to launch Craveworthy with Gregg at the helm. This is a great prospect to be portion of a multi-brand name platform and a franchise-concentrated corporation with the possible for a continuously increasing royalty stream. Our aim is to support improve Craveworthy into 1 of the most properly-highly regarded and major restaurant manufacturer platforms in the nation.”
UPDATE: This report has been updated with new information and facts from Craveworthy and to explain that Gregg Majewski has not remaining Mongolian Ideas.
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