- First Watch Restaurant Group (NASDAQ: FWRG) acquires three franchise-owned restaurants in Missouri.
- The acquisition marks First Watch's seventh franchise acquisition since May 2023, bringing the total to 48 acquired restaurants.
- Further transaction details to be provided during the company’s first fiscal quarter earnings report for March 30, 2025.
First Watch Restaurant Group (NASDAQ: FWRG), a prominent name in the Daytime Dining sector, has expanded its portfolio with the acquisition of three franchise-owned restaurants in Missouri. The newly acquired locations in Lee's Summit, West Columbia, and South Columbia will now transition to the company's direct ownership system. Alongside these locations, the deal also includes the acquisition of development rights for the respective areas, enabling potential growth opportunities in these key market zones.
This strategic move supports First Watch's long-term goal of growth and value creation. All three restaurants have been operational for less than five years, ensuring they are well-positioned for integration and future development. The acquisition represents the company's seventh franchise acquisition since May 2023, bringing the total number of acquired franchised restaurants to 48.
Chris Tomasso, CEO and President of First Watch, expressed pride in incorporating these locations into the company-owned system, citing strong community connections and customer relationships as significant assets. First Watch plans to release more detailed transaction information in its upcoming first fiscal quarter earnings report for the period ending March 30, 2025.
