Einstein Noah Restaurant Group Inc. has signed a multi-unit Einstein Bros. Bagels development agreement with a franchisee in South Carolina and Georgia.
The deal, the third for the Lakewood company, comes a week after it posted higher revenue and net income in the fourth quarter and after a full year of being profitable.
The turnaround for the company is significant considering it was on the brink of disappearing after bankruptcy, change in ownership and a rough five-year stretch of financial instability several years ago.
After altering its image, weeding out underperforming stores, banking cash and relocating from Golden to Lakewood, the company showed gradual progress starting in 2006.
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