The first Cava restaurant opened in Bethesda, Maryland, in 2011.
Cava’s setup might be familiar if you’ve visited Chipotle. It’s a walk-along ordering system, where two to three employees prepare your order along a prep line.
With many ingredients available, there are endless choices for customizing the perfect bowl or pita.
The IPO market has slowed down over the past year. But, Cava joins a few other chains looking to go public, including Panera Bread and the owner of the Brazilian steakhouse of Fogo de Chão, according to the Wall Street Journal.
Source: Wall Street Journal
Cava operates 260 fast-casual restaurants in 22 states and Washington DC. Each restaurant’s average yearly sales is $1 million.
In 2018, Cava Group bought Zoës Kitchen in a deal valued at $300 million. The company took the publicly-traded Zoës private and began rebranding stores as Cava.