Cracker Barrel acquires Maple Street Biscuit Co. for $ 36 million
Comfort food behemoth Cracker Barrel has purchased Florida-favorite Maple Street Biscuit Company for a $ 36 million deal.
The fast-casual restaurant started in Jacksonville in 2012 and has grown regularly, especially in recent years. Tampa Bay welcomed its first Maple Street in 2018 on Central Avenue in downtown St. Pete. Well, there are places in Carrollwood, Brandon and Seminole. In total, Maple Street has 28 company-owned locations and five franchise locations in seven states.
RELATED: Maple Street Biscuits are now open, bringing much-needed biscuits to St. Pete's
Cracker Barrel Old Country Store was already communicated to boring biscuits by Holler & Dash Biscuit House. The company says it will begin converting the seven locations to new Maple Street locations.
Maple Street founder Scott Moore will remain CEO of Maple Street and report directly to Sandra B. Cochran, Cracker Barrel president and CEO.
We have long admired the Maple Street Biscuit Company with its emphasis on food and hospitality made from scratch, ”Cochran said in a statement. "It is a proven brand with attractive unit economics and strong growth potential, and it is positioned to be a leader in this category."
