News

Nekter Juice Bar pressing out Q2 growth

August 17, 2016

Q2 has ended with Nekter Juice Bar signing agreements to open 41 new restaurants throughout its existing markets, as well as new markets, including Salt Lake City, Houston and Sacramento, according to a company press release. With 58 restaurants now open in California, Arizona, Nevada, Texas and Colorado, this represents a 71 percent increase in store count, said Steve Schulze, CEO, Nekter Juice Bar.

"The momentum we continue to experience at Nékter Juice Bar stems from our steadfast commitment to offering a menu based on integrity of ingredients – we use only fresh, pure and nutrient-rich ingredients, and provide an engaging and inspiring experience for our guests," said Schulze, who will talk about that growth at this year's Fast Casual Executive Summit.

"In doing so, we continue to enjoy high average unit volumes in the juice bar world and the franchise community is responding. We continue to seek out entrepreneurs and leaders, who are looking to own a business in the thriving health and wellness sector of the restaurant industry, and want to make a real difference in their communities."

In February 2016, Nékter announced plans for national expansion with a goal of growing to 300 franchise and corporate locations within five years, and its recent success in Q2 puts the company on par to exceed this goal by 2020. The chain reported an average unit volume of $840,740, for example.

"As evidenced by our accomplishments in these past three months alone, Nékter is on an upward trajectory by continuing to delight our guests through product innovation and by providing our franchise partners with an award-winning, proven concept that delivers on sales and ongoing support," Schulze said. "Americans are increasingly embracing healthy lifestyles and at Nékter, we're providing them with a pathway to affordable and great-tasting wellness."