Crafthouse Signs $250 Million Expansion Deal and Launches Franchise Program

Crafthouse has signed a $250 million expansion deal with American Development Partners, according to a Nation’s Restaurant News report.

The three-unit Virginia chain has also launched a franchising program with the goal of adding 100 new locations over the next five years, according to the article, which also stated that the target markets for the brand are Maryland, Michigan, North Carolina and Virginia.

“As a former franchisee myself who knows what it takes to succeed in the restaurant industry, it’s very gratifying to create this opportunity for other business owners to have access to the financing and real estate guidance they need to make their dream a reality,” Crafthouse Franchising LLC founder and CEO Evan Matz said in a statement, according to the article. “We are thrilled to team with American Development Partners to bring Crafthouse’s community-minded appeal to neighborhoods all over the country.”  

Read the full report at Nation’s Restaurant News.

Photo courtesy of Crafthouse Facebook page.