Foodtastic has acquired a majority interest in sports-themed restaurant Shoeless Joe’s Sports Grill.
Shoeless Joe’s Sports Grill has 22 locations across Canada. Founded by Fred Lopreiato, the establishment offers a wide variety of food including gourmet burgers, flatbreads, bar staples like wings and nachos, and health-conscious alternatives.
“We are extremely happy to welcome Shoeless Joe’s into our family. It is a great sports bar brand that will fit in perfectly in our restaurant portfolio,” says Peter Mammas, president/CEO of Foodtastic. “We are excited that Frank Lopreiato will stay on board as an equity partner and lead the brand, and we are also looking forward to working with all our new franchisees and growing the brand in Canada.”
“We are thrilled to join Foodtastic Inc. Our commitment to continually evolve the brand has played a major role in the success of our growth and ability to compete in this ever-changing landscape. We look forward to sharpening the enterprise with the acquisition.” said Lopreiato.
Foodtastic is the franchisor of multiple restaurant concepts including Milestones, Pita Pit, and Second Cup. Foodtastic is a leader in the restaurant franchising business, with over 700 restaurants and $700 million in annualized sales.