Award-Winning Fast Casual Restaurant Develops Finance Program with First Franchise Capital, Balboa Capital and Franchise America Finance
McAlister’s Deli, a leading fast casual restaurant, announced today it has partnered with several lenders for franchise expansion nationwide. First Franchise Capital, Balboa Capital and Franchise America Finance have committed to financing new construction and remodels, as well as POS upgrades and equipment.
“As we continue to drive aggressive franchise development across the U.S., we have established finance solutions that will assist new and existing franchisees with acquiring the necessary capital to grow,” said McAlister’s Deli Chief Development Officer Jeff Sturgis. “The development of this program is a testament to the strength of the brand and the confidence lenders have that McAlister’s is a sound, long-term investment for business owners.”
In 2014, McAlister’s will celebrate its 25th anniversary and expects to open 25 new restaurants in new and existing markets, including in Ohio, Texas, Pennsylvania, Wyoming, Arizona, New Mexico, Virginia and Florida, among others.
To further fuel its national expansion, McAlister’s is actively seeking qualified franchisees and will present at the Franchise Times Franchise Finance & Growth Conference March 26-27, 2014, in Las Vegas.
Technomic recognized McAlister’s as the top kid-friendly fast casual chain in its 2014 Chain Restaurant Consumers’ Choice Awards, and as one of the Top Five Chains Overall in its 2013 “Consumer Restaurant Brand Metrics” Report. FastCasual.com also ranked the brand No. 2 on its “Top 100 Movers and Shakers” list of 2013 and named McAlister’s President and CEO Frank Paci one of the “Top 20 People” in the industry to watch.
Founded in 1989, McAlister’s Deli is a fast casual restaurant chain known for its sandwiches, spuds, soups, salads, desserts and McAlister’s Famous Sweet Tea. In addition to dine-in and take-out service, McAlister’s also offers catering with a selection of sandwich trays, box lunches, desserts, a hot spud bar and more. With numerous industry accolades, the McAlister’s brand has more than 320 restaurants in 24 states. The company has corporate offices in both Alpharetta, Ga., and Ridgeland, Miss. For more information, visit www.mcalistersdeli.com.