Atlanta Bread Company was founded in 1993, when brothers, Jerry and Basil Couvaras purchased a Sandy Springs Sandwich shop. The company began franchise operations the following year. The company operates a chain of sandwich and bakery shops in the US.
The company grew very quickly and by 2006 had more than 232 franchises, as well as corporate owned locations. The Couvaras brothers were charged with fraud in South Africa in 2004 and paid more than $5.5 million in fines, but avoided jail time. The company suffered as a result, with most small business administration loans going into default. The company ranked #11 on the SBA’s list of 25 Worst Franchises.
CEO Jerry Couvaras states that the company is back on track, however, and growing once more, but this time, more slowly. Today the company has about 50 locations, but they are hiring once more and making plans to re-open some of their former locations in 2017.
Atlanta Bread CompanyAtlanta Bread Company was founded in 1993, when brothers, Jerry and Basil Couvaras purchased a Sandy Springs Sandwich shop. The company began franchise operations the following year. The company operates a chain of sandwich and bakery shops in the US.
The company grew very quickly and by 2006 had more than 232 franchises, as well as corporate owned locations. The Couvaras brothers were charged with fraud in South Africa in 2004 and paid more than $5.5 million in fines, but avoided jail time. The company suffered as a result, with most small business administration loans going into default. The company ranked #11 on the SBA’s list of 25 Worst Franchises.
CEO Jerry Couvaras states that the company is back on track, however, and growing once more, but this time, more slowly. Today the company has about 50 locations, but they are hiring once more and making plans to re-open some of their former locations in 2017.