Corner Bakery in pact for new stores in two states
October 02, 2007
by Josh Sosland
DALLAS — Corner Bakery Cafe on Oct. 1 announced the signing of agreements that will result in the development in Colorado and Utah of 20 Corner Bakery cafes.
In Colorado, Corner Bakery, through its CBC Restaurant Corp., is partnering with Cutter Restaurant Group. Headed by John Cutter, a former president and chief executive of Friendly’s Restaurants and the former chief operating officer of Boston Market, Cutter will develop 12 restaurants in Colorado over the next five years. In addition, Cutter Restaurant Group will acquire two company-operated Corner Bakery cafes over the next five years.
The second agreement was signed with Cornerstone Foods, L.L.C., for the development of eight Corner Bakery cafes in Utah over the next four years.
With the signing of the new agreements, CBC Restaurant Corp. has signed five such agreements under the franchise development program launched in October 2006. According to Corner Bakery, the program "is designed to attract potential franchise partners who have relevant multi-unit restaurant experience and have received ‘best-in-class’ recognition within their current system."
In September, Corner Bakery signed an agreement with New Jersey Corner Foods L.L.C. for the development of Corner Bakery cafes in New Jersey.