Crafthouse Inks $250M Franchise Development Deal with American Development Partners

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Crafthouse Inks $250M Franchise Development Deal with American Development Partners

12/03/2018

Crafthouse, the Virginia-based eatery known for its dedication to local craft beer, has secured over $250 million dollars of funding to expand the brand nationwide. 

This development agreement with American Development Partners provides qualified franchisees with 100% financing to develop freestanding buildings for Crafthouse restaurants.

American Development Partners’ primary role will be to aid in the development of new locations, facilitate the acquisition of land and oversee construction of over 100 new Crafthouse franchise locations within the next five years.

Evan Matz, founder and CEO of Crafthouse Franchising LLC opened three Crafthouse restaurants in Northern Virginia (Fairfax, Arlington and Reston) in May 2017.

The developer behind Crafhouse plans to open 100 franchise locations in 5 years.

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