First Watch acquires six of its franchise-owned restaurants

The concept, which has 470 restaurants in 29 states, acquired the restaurants in Nebraska as part of its growth strategy.

By Business Observer Staff
| 4:30 p.m. May 3, 2023
| 0 Free Articles Remaining!

Chris Tomasso says the acquisition is part of the public company's growth strategy.

Manatee-Sarasota

First Watch is acquiring some of its own — locations, that is.

The daytime dining concept, which went public Oct. 3, 2021, announced May 2 that it had acquired six franchise-owned First Watch restaurants in Omaha, Nebraska.

“We’re thrilled to share the news of our acquisition of these six First Watch restaurants in greater Omaha," CEO and president Chris Tomasso says in a statement. “We believe this acquisition — and the acquisition of additional franchise-owned restaurants in the future — will be an important part of our growth strategy going forward.”