Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, March 14, 2025

Article Excerpt

POTBELLY CORP., $9.34, symbol PBPB on Nasdaq, is a neighbourhood sandwich concept offering toasted warm sandwiches, signature salads and other fresh menu items. The company is focused on the quality of that food, but also aims to engage people with a dining environment reflective of its Potbelly brand. Its mission is to “Make people really happy and to improve every day,” while being “The Best Place for Lunch.” Launched in 1977 in Chicago, Potbelly now has over 440 shops in the U.S., 90 of which are operated by franchisees. On March 4, 2025, the company announced its Potbelly 50/50 Large Area Developer Incentive Program, which rewards multi-unit restaurant developers for accelerating their store openings. Franchisees who enter a Shop Development Area Agreement (SDAA) to open at least 15 Potbelly shops in eight years or less will be rewarded for beating their committed dates for store openings. Qualifying franchisees will receive reduced initial franchise fees and reduced deposit fees. In addition, they’ll get 50% off…