An investment group led by former Morton’s and Smokey Bones CEO Chris Artinian has acquired a controlling interest in the 65-unit Another Broken Egg Cafe daytime-only chain.
The amount paid by Beekman Investment Partners, an affiliate of The Beekman Group, was not revealed.
The investment firm said Artinian will serve as president of Broken Egg, but the rest of the franchise chain’s management would remain in place with a “meaningful equity stake.” The concept was created by CEO Ron Green in 1996.
Artinian remains managing director of The Beekman Group, a New York City-based investment firm. Its other holdings include Sky Chefs, the airline catering concern, and Ted’s Cafe Escondido, a casual-dining chain.
“Another Broken Egg is a winning franchisor model and positioned as one of the leading daytime restaurant concepts in the quickly growing upscale breakfast category,” Artinian said in a statement. “We look forward to working with franchise partners as we continue to innovate the brand and grow our market presence.”
Another Broken Egg Cafe currently has 65 units, largely in the Southern U.S., the majority of which are franchised. It specializes in breakfast, brunch and lunch; dinner is not served. Among its distinguishing features is a full-service bar that opens with the restaurant.
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