From Inc · · 1m 20s
Salad and Go Founder Buys Brand Back
Salad and Go founder Daniel Patiño plans to revive the brand with new partners after bankruptcy.
In brief
Salad and Go founder Daniel Patiño plans to revive the brand with new partners after bankruptcy. Salad and Go co-founder Daniel Patiño acquired the brand with partners Mike Myers and Tom Misitano to reopen Arizona locations after bankruptcy. Originally reported by Inc.
Salad and Go Bankruptcy
Salad and Go filed for bankruptcy earlier this year.
Co-Founder Acquires Brand
Daniel Patiño, a co-founder, announced he acquired the brand with new partners Mike Myers and Tom Misitano.
New Partnerships
Myers and Misitano are co-founders of Arizona restaurant group Hospitality First Concepts.
Revival Plans
The group plans to reopen several Arizona locations and expand across the U.S. with a franchise model.
Revival Statement
Myers posted on LinkedIn about bringing back fresh food, great value, and hospitality for Arizona communities.
Major Hurdle
Many former Salad and Go sites have new owners after 7 Brew bought at least 60 locations.
7 Brew Acquisition
7 Brew won a $123 million bid for at least 60 former Salad and Go locations, including 36 in Arizona.
Dutch Bros Offer
Dutch Bros made a $105 million private offer for at least 36 Arizona locations but lost to 7 Brew.
The key point
Salad and Go co-founder Daniel Patiño acquired the brand with partners Mike Myers and Tom Misitano to reopen Arizona locations after bankruptcy.
