Corner Bakery Cafe has signed two multi-unit development agreements with California-based businessman Anil Yadav, chief executive officer of JIB Management, who plans to open 16 cafes in Seattle and 7 in Las Vegas over the next seven years.
“While looking for a brand that is relevant in today’s market, we came across Corner Bakery Cafe and knew we had to be a part of it,” Mr. Yadav said. “The brand has a lot of promise for the future and is in the right segment — fast casual. We feel very strongly about the markets we are entering with Corner Bakery Cafe and the future for our cafes there is very bright and promising.”
Corner Bakery Cafe operates 166 company-owned and franchised locations in 17 states and Washington, D.C. Last month, the company announced plans to open 18 restaurants in Kentucky and Tennessee, as well as plans for 17 cafes in the Orlando, Fla., area, bringing total development commitments to more than 350 locations.
“Anil represents the type of experienced, highly successful franchisee that is attracted to the Corner Bakery Cafe franchise opportunity,” said Gregg Koffler, vice-president of franchise sales for Corner Bakery Cafe. “He understands how to grow a market, and we expect him to quickly replicate the success of his other business concepts with Corner Bakery Cafe.”
