The coffee chain, part of Panera Brands, has opened a store in St. Petersburg, the first of many locations that Caribou Coffee said it intends to open in the state.
Featuring indoor and outdoor seating and coastal-inspired designs, the shop is owned and operated by Wake Up 727, which has signed a multi-unit franchise agreement with Caribou.
In addition, the company signed development agreements with Kevin Ricci, owner of Covelli Family Partnership, and Sam Covelli, CEO of Covelli Enterprises, to deepen the brand’s roots throughout Florida.
Earlier this year, Caribou announced the signing of several multi-unit development agreements to franchise more than 300 new locations across the US. (The company launched its first-ever domestic franchise program in October 2021.)
As of 26 September, Caribou Coffee has 329 company-owned, 139 non-traditional and 310 franchise locations in 11 countries.
