News

Saladworks looking for growth partner

April 9, 2014

Saladworks is working to identify strategic investors to facilitate its next phase in growth, said John Scardapane, who founded the brand in 1986. It now has more than 100 units domestically and internationally.

Saladworks' 2013 systemwide sales reached $76 million, and the chain is on target to open 20 new units this year with more than 60 additional units in development.

"Selecting the best strategic partner for the brand's future is the most important decision I've made for Saladworks in my 27 year history with the company," Scardapane said. "We have all worked tirelessly to reach this new tipping point and are prepared for our next phase of growth."

Saladworks has engaged the investment banking firm of Mufson, Howe, Hunter & Company to assist it in identifying qualified strategic partners.