M&A
confidence high
sentiment positive
materiality 0.55
First Watch acquires 6 franchise restaurants in Georgia and SC, plus development rights
First Watch Restaurant Group, Inc.
- Acquired six franchise-owned restaurants, one under construction, and development rights in Georgia and South Carolina.
- Funded with cash on hand; total franchise acquisitions in 2023 now 17 restaurants.
- CEO notes successful transition from franchise partners who began operations in 2018.