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Einstein Noah Plans Up to 90 New Restaurants

(March 2011) posted on Fri Mar 04, 2011 EST

Company operates three bagel-based chains


Einstein Noah Restaurant Group Inc. said it plans to open between 75 and 90 restaurants in 2011. The company, which operates quick-casual restaurants under the Einstein Bros. Bagels, Noah's New York Bagels and Manhattan Bagel brands, said those new locales will include 10 to 14 new company-owned restaurants, 20 to 26 new franchise restaurants and 45 to 50 license restaurants.

In addition, the company said it plans to relocate 10 to 14 company-owned restaurant in 2011. For the year, Einstein Noah said its capital expenditures are projected to total between $28 million to $30 million.


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