Spread Bagelry is seeking to raise $15 million to fund a two-year expansion plan. The Philadelphia-born brand aims to double its store footprint by the end of 2028.
CEO Tom Selementi said the company plans to open 15 to 18 new locations, including a new site in Philadelphia’s Fairmount neighborhood. Spread is currently majority-owned by MVP Capital Partners, which invested in the company in 2018.
Selementi confirmed discussions are underway with several restaurant-focused private equity funds. No transaction has been finalized.
Founded in 2010 in Rittenhouse Square, Spread specializes in Montreal-style bagels. The chain now operates 16 locations across Pennsylvania, New Jersey, South Carolina, and Georgia.
A 17th location in Atlanta is opening this week. Leadership believes the brand is positioned for accelerated growth.
Selementi previously helped scale Le Pain Quotidien and Bluestone Lane. The capital raise would support new unit development and broader market penetration.
The planned expansion reflects continued investor appetite for scalable fast-casual concepts. It also signals confidence in neighborhood-driven retail growth.
*Article courtesy of The Philadelphia Business Journal
For more information about Philadelphia retail space for sale or lease, please contact WCRE at 215-799-6900.
Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.
Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.
