Fresh Dining Concepts doubles in size to become the largest Multi-Unit-Operator in Auntie Anne’s & Cinnabon
Fresh Dining Concepts (FDC) Doubles in Size to Become the Largest Franchisee Auntie Anne’s and Cinnabon multi-unit operator Fresh Dining Concepts (“FDC” or the “Company”) completed an acquisition of 73 stores on December 29, 2021, doubling in size to become the largest Auntie Anne’s and Cinnabon franchisee in the United States with a total of 145 stores.
“This is the third large acquisition that Fresh Dining Concepts has completed with the assistance of ReInvest Capital,” stated Luis San Miguel, President and CEO of the Miami, Florida-based franchisee group.
The Double P Corporation transaction fits into the Company’s strategy to grow its portfolio throughout the United States via acquisition as well as new development. By purchasing Double P, the Company has expanded its geographic footprint. This positions the Company for future bolt-on acquisitions and organic development in new markets across the US.
“ReInvest Capital has extensive experience in financial due diligence and real estate and we have leveraged that expertise effectively in the past and expect to continue to partner with them in future large transactions.”
About Fresh Dining Concepts
Fresh Dining Concepts is the largest Auntie Anne’s franchisee with baking kiosks and satellite retail units throughout the United States. FDC operates in several major markets including New York, Philadelphia, Washington DC, Chicago, Las Vegas and South Florida. In addition to its Auntie Anne’s operations, the Company also operates several Cinnabon and Carvel stores.
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