Potbelly Sandwich Works was founded by Peter Hastings in Chicago in 1977 when he started serving lunch to his customers in his antique shop.
In 1996 entrepreneur Bryant Keil bought the successful store and began to expand.
From 1997 to 2002 Potbelly opened 9 sandwich shops in Chicago.
In 2002 Potbelly began to expand, opening shops in Washington, DC in 2002, Michigan, Wisconsin, Baltimore, and Minnesota in 2003, Texas in 2004, Ohio in 2005, and Pennsylvania in 2007.
Today Potbelly has 280 quick-service restaurants that specialize in fresh-made sandwiches in 18 states and Washington, DC. The brand also has a dozen franchised shops in Dubai and other parts of the Middle East.
Potbelly went public in October of 2013, raising $105 million with their IPO. Potbelly had $300 million in revenue in 2013.
After several difficult years due to the Covid Pandemic, Potbelly Sandwich Works snagged a new $25 million loan in February 2023.
Potbelly Sandwich Works maintains a corporate office in Chicago, Illinois.
Potbelly Sandwich Works was founded by Peter Hastings in Chicago in 1977 when he started serving lunch to his customers in his antique shop.
In 1996 entrepreneur Bryant Keil bought the successful store and began to expand.
History
From 1997 to 2002 Potbelly opened 9 sandwich shops in Chicago.
In 2002 Potbelly began to expand, opening shops in Washington, DC in 2002, Michigan, Wisconsin, Baltimore, and Minnesota in 2003, Texas in 2004, Ohio in 2005, and Pennsylvania in 2007.
Today Potbelly has 280 quick-service restaurants that specialize in fresh-made sandwiches in 18 states and Washington, DC. The brand also has a dozen franchised shops in Dubai and other parts of the Middle East.
Potbelly went public in October of 2013, raising $105 million with their IPO. Potbelly had $300 million in revenue in 2013.
After several difficult years due to the Covid Pandemic, Potbelly Sandwich Works snagged a new $25 million loan in February 2023.
Potbelly Sandwich Works maintains a corporate office in Chicago, Illinois.