Английская Википедия:First Watch (restaurant chain)
Шаблон:Short description Шаблон:Use mdy dates Шаблон:Infobox companyШаблон:Advert First Watch is an American restaurant chain based in Bradenton, Florida.[1] As of August 2023, the chain has more than 500 locations[2] in 29 statesШаблон:Fact and 9,000 employees.Шаблон:Fact First Watch is also the owner of Sun & Fork by First Watch, a fast-casual café concept located in Nashville, Tennessee.[3]
First Watch offers a variety of breakfast items marketed as being healthier than other breakfast chains.[4]
History
The name "First Watch" is a nautical reference to the first work shift aboard a ship as First Watch restaurants are only open from 7:00 AM to 2:30 PM.[5] The first location was opened in Pacific Grove, California in 1983 by Ken Pendery and John Sullivan. The co-owners founded it after leaving the Le Peep breakfast chain in Colorado. In 1986, they moved their headquarters to Bradenton, Florida.[6]
2014-present
In 2014, First Watch bought The Good Egg, which is located in Arizona. As of 2021, 18 of The Good Egg restaurants have been converted into First Watch restaurants.[2] In May 2015, the company acquired the Colorado-based Egg & I Restaurants chain.[2] The Egg & I has 114 eateries across twenty states.[3] Not every Egg & I Restaurant location will become a First Watch, but as of 2016, 22 conversions had been completed. In 2012 First Watch ranked as the best breakfast chain in a survey of 150,000 Consumer Reports readers earning top ratings in taste, service, value, and menu choices.[7]
In 2017 private equity firm Advent International bought a majority stake in First Watch. Advent International bought First Watch from Freeman Spogli & Co., which obtained First Watch in 2011.[8] Freeman Spogli & Co. bought out the 85 percent stake previously held by Catterton Partners.[7] Catterton's stake was acquired in 2004 with a $35 million investment that allowed First Watch to expand in the Southeast and Midwest, doubling the number of First Watch restaurants.[9] First Watch has a large presence in Florida, Texas, Pennsylvania, Ohio, Colorado, and Arizona. First Watch and the Egg & I restaurants serve breakfast, brunch, and lunch and offer a wide variety of items.[8]
In 2018, First Watch began to source its coffee from Huila, Colombia to "support hard-working women and their families in Huila in 2018." Royal Cup Coffee, an Alabama-based coffee company, roasts the coffee.[10] In October 2021, First Watch went public with an initial public offering raising $170 million on Nasdaq.[11]
The company bought back six of its franchise locations in August 2023.[12]
References
External links
- Английская Википедия
- Restaurants in Florida
- Restaurants established in 1983
- Companies listed on the Nasdaq
- 1983 establishments in California
- 2021 initial public offerings
- Companies based in Manatee County, Florida
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