Tennessee based Cracker Barrel Old Country Store, has acquired Maple Street Biscuit Company for $36 million. Maple Street Biscuit Company was founded Florida in 2012.
Details are provided below:
- Maple Street Biscuit Company has currently 28 company-owned and five franchised fast casual locations across seven states
- “The breakfast and lunch-focused fast casual category is an attractive segment, and our experience with Holler & Dash has reinforced this belief. We have long admired Maple Street Biscuit Company with its emphasis on made-from-scratch food and hospitality. It is a proven brand with attractive unit economics and strong growth potential, and it is positioned to become a leader in this category. The acquisition accelerates our penetration in this segment and provides growth for delivering shareholder value. I look forward to working with Scott and his team as we further grow this brand together,” said President and CEO of Cracker Barrel Sandy Cochran.