Einstein Bros NNN Properties for Sale
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| Type | Private |
|---|---|
| Industry | Quick-casual[1] restaurant |
| Founded | December 1995 Golden, Colorado, U.S. |
| Headquarters | Lakewood, Colorado, U.S. |
| Owner | JAB Holding Company |
| Parent | Einstein Noah Restaurant Group, Inc.[1] |
| Website | EinsteinBros.com |
Einstein Brothers – Leading American Coffee and Bagel Chain
Einstein Brothers is a leading American coffee and bagel chain created by Boston Chicken (Boston Market), the chain restaurant corporation, in 1995, to market breakfast foods. Currently, the chain is owned by Noah and Einstein Corp, a wholly owned Einstein Noah Restaurant Group, Inc. subsidiary. Coffee and bagels are the major products for the company. Einstein Noah Restaurant Group is the leading bagel shop operator in America with over 815 Einstein Brothers franchisee and company owned location.
Einstein Bros. Bagels is its flagship coffee chain which is offering around dozens of varieties of fresh spreads and bagels, apart from pastries, coffee, and menu of salads and sandwiches in its 685 stores. Along with Einstein Brothers, it also operates Manhattan Bagel Chains and Noah’s New York Bagels. Around 460 bagel shops are owned by the company and rest are operated by licensees and Einstein Brothers properties. Einstein Noah Restaurant Group is controlled by JAB Holding Company since 2014.
Current Status
One of the leading bagel giants in the world, JAB Holding Company is now private by acquiring Einstein Noah Restaurant Group for around $364.5 million. Traded under BAGL stock symbol in NASDAQ, the company owns Einstein Brothers, Bagels, Manhattan Bagel, and Noah’s New York Bagel along with a doughnut production facility. JAB has paid $20.25 per share to the stockholders, a 51% premium on the closing price of $13.39. According to Entrepreneur, shares were up to 50%, hovering at $20.15 that time.
According to David Einhorn, President (Greenlight Capital), JAB is an experienced company, which is leading Einstein Noah Restaurant Group to another phase of growth. Greenlight Capital is the largest stockholder of Einstein Bros, with over 35% of shares outstanding. The hedge fund has tendered its share for buyout.
Einstein has ventured into the business, which has many fast-casual beverage and food brands. JAB holds most of the stake in Caribou Coffee, Peet’s Coffee & Tea Inc, and D.E. Master Blenders 1753, an international tea and coffee giant. The three bagel chains of Einstein Bros. run 855 stores in 42 states.
The Origin
Einstein Bros. was established in the year 1995 by Boston Chicken, a restaurant company is owned by Einstein & Noah Corp. Originally, Boston Chicken Inc. formed Einstein & Noah Bagel Corporation in March 1995 when it owned 3 retail bagel outlets located in United States without having any longstanding bagel traditions. These companies are Incorporated (Fort Lauderdale), Offerdahl’s Bagel Gourmet, Bagel & Bagel, Baltimore Bagel (San Diego), Incorporated (Kansas City), and Brackman Bros.
Noah Alper founded Noah’s Bagels in Berkeley, California. Einstein Brothers owned 38 stores in 1996 for $100 million. In the early 1990s, New World Coffee was founded by Ramin Kamfar, investment banker who launched a coffee shop and left his job.
Einstein Brothers Real Estate
For a single Einstein Brothers property, Einstein Bros. Bagels charges $35000. Initially, Einstein Brothers investment property calls for $536,300 to $828,850 to establish and operate. On gross sales, a 5% of royalty fee is paid to the company along with 5% of advertising fee. Einstein Brothers corporate lease is not all about bagels. People always come back to Einstein Bros. for delicious, quick lunches of hearty soups, salads, and sandwiches. The restaurants are cozy, casual and spacious. The diverse menu of the restaurant offers widest range of finger licking, quality selections, including made-to-order sandwiches, baked goods and decedent desserts.
Indeed, Bagels are the specialty of Einstein Brothers, but one can definitely try widest range of creative culinary dishes at the restaurants. Einstein Bros has pioneered in originality and restaurants are ideal as the perfect coffee shop, breakfast point, and sandwich store.