US-based daytime dining restaurant First Watch Restaurant Group has acquired six of its previously franchise-owned restaurants in Georgia and South Carolina.
It has also acquired the corresponding development rights of the restaurants.
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The company has not disclosed the financial details of the deal. First Watch funded the deal with the available cash on hand.
The restaurant company noted that out of the six, one restaurant is currently under construction.
First Watch president and CEO Chris Tomasso said: “We are excited to welcome our newest teams in Georgia and South Carolina to the First Watch company-owned system and we are thankful for a successful transition from our wonderful franchise partners who began operating their first restaurant in 2018.
“We continue to execute on our long-term growth strategy by acquiring 17 franchise restaurants so far this year. We look forward to serving new communities and empowering our new restaurant teams in our You First culture.”
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By GlobalDataFirst Watch restaurants serve made-to-order breakfast, brunch and lunch items.
Its menu offers quinoa power bowls, farm stand breakfast tacos, avocado toast, chickichangas, morning meditation, spiked lavender lemonade and its signature million-dollar bacon.
There are currently more than 490 First Watch restaurants across 29 US states.
In June this year, First Watch purchased five of its previously franchise-owned restaurants and their corresponding development rights in Milwaukee, Wisconsin.
