FR NEWS: KnowFat planning nationwide growth
Published by Sean June 16th, 2006 in Who's Selling? Who's Buying?Know kidding: KnowFat planning nationwide growth
Boston Herald - United States
A Boston Herald article reports that the Boston-based Knowfat LifeStyle Grill chain “has commitments for 60 new franchise locations that will open in the next 5 1/2 years in markets including Des Moines, Iowa; Houston; Miami; Minneapolis; San Francisco and San Jose. The first opened outside St. Paul, Minn., Saturday…. The private company’s ambitious growth target is 600 store commitments by the end of 2009…”
The article states that the company has landed $8 million from individual investors in the venture capital field and soon will close another $8 million round to help finance its growth.
KnowFat currently has 7 stores.
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