![]() The Company plans to convert its Holler & Dash Biscuit House units into Maple Street Biscuit Company locations in the coming months. Maple Street Biscuit Company has targeted AUVs of $1.0+ million and targeted store-level EBITDA of 17%+ of net sales. ![]() It currently has 28 company-owned and five franchised fast casual locations across seven states. Maple Street Biscuit Company was founded by Scott Moore and Gus Evans in Jacksonville, FL in 2012. (" Cracker Barrel" or the "Company") (Nasdaq: CBRL) announced it has acquired Maple Street Biscuit Company in an all-cash transaction for $36 million. 11, 2019 /PRNewswire/ - Cracker Barrel Old Country Store, Inc. The network described the program as "your favorite Food Network stars reveal their best-kept, most-intimate, guilty-pleasure secrets for the first time ever.LEBANON, Tenn., Oct. Maple Street was featured on the Food Network in 2015 during a segment of its "Guilty Pleasures" show. The restaurant also serves up sought-after sides including Smokey Mountain Mac-N-Cheese, fried green tomatoes and collard greens. ![]() The restaurant is known for its hearty biscuit sandwiches such as The Farmer, Iron Goat with goat cheese and sauteed spinach, and the Squawking Goat with a fried chicken breast, fried goat cheese medallion and in-house made pepper jelly. Maple Street has always focused on biscuits and doing that Southern staple well. It is a proven brand with attractive unit economics and strong growth potential, and it is positioned to become a leader in this category."Ĭochran also said the acquisition accelerates Cracker Barrel's growth in this segment of the market, which will benefit company shareholders as well as customers of both restaurants.įounded in 1969 in Lebanon, Tenn., Cracker Barrel and its affiliates operate 660 company-owned Cracker Barrel Old Country Store® locations in 45 states. "We have long admired Maple Street Biscuit Company with its emphasis on made-from-scratch food and hospitality. "The breakfast and lunch-focused fast casual category is an attractive segment, and our experience with Holler & Dash has reinforced this belief," Cochran said in the release.Įach Maple Street Biscuit restaurant strives for an average unit volume over $1 million and targets earnings of more than 17 percent of net sales, according to the Cracker Barrel news release. "I'm excited about this opportunity, and I believe Cracker Barrel will help us grow our brand and further achieve our mission of helping people, serving others, and being a part of the community," Moore said.Ĭracker Barrel intends to convert its Holler & Dash Biscuit House units into Maple Street Biscuit Company locations in the coming months, officials said in a news release.ĭINING NOTES | Read more restaurant and dining news from Jacksonville "From the beginning, Maple Street Biscuit Company has focused on serving its communities through comfort food with a modern twist and gracious service," said Moore, noting Maple Street and Cracker Barrel share many similarities such as "scratch cooking and an emphasis on hospitality." However, Moore said in the release that Maple Street remains true to its roots. Neither Moore nor Evans could be reached for comment Saturday. Cochran, president and chief executive officer of Cracker Barrel, the company said in a news release. Moore will remain chief executive officer of Maple Street. …Their biscuits are always perfect," Redmond said. Redmond outside the San Marco restaurant Saturday morning, where he came to get breakfast - two of The Farmer, which has a fried chicken breast, pecan wood bacon, cheddar cheese and apple butter - for him and his wife, Gina. "As long as they don't ruin it by cutting corners, we'll keep coming back," said T.J. on the historic San Marco Square in December 2012. The original restaurant opened at 2004 San Marco Blvd. ![]() Maple Street currently has 28 company-owned restaurants and five franchised fast-casual locations in seven states. Scott Moore and Gus Evans founded the breakfast and lunch restaurant showcasing from-scratch, freshly made biscuits in Jacksonville seven years ago. Maple Street Biscuit Company, one of Jacksonville's most popular restaurants, has been sold for $36 million to Cracker Barrel.
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