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May 20, 2011

Foodporium Acquires Two Good Earth Stores

PrintFoodporium Acquires Two Good Earth Stores  

 

Richard’s Foodporium, a 32-year-old chain of natural and specialty products headquartered in Sarasota, Fla., recently acquired two Good Earth stores in Bradenton.

During the summer, the two stores will be rebranded and remodeled. The new locations will bring the total number of Richard’s Foodporium corporate and franchised stores to 16.

As part of the transition, Good Earth owner Mark Egan will be joining the Richard’s organization and first be focused on transitioning the Good Earth stores into the Richard’s organization.

“The Good Earth locations in Bradenton are an excellent addition to our brand and strengthen the value proposition to our franchise system,” notes John Rorer, owner of Richard’s Foodporium. “While there are substantial similarities between the two businesses, Richard’s Foodporium will bring many unique elements of its own brand to these new locations. With these additions, we continue to consolidate our market share in SW Florida, enhance our purchasing power, and build a strong infrastructure for future growth.”

The two new locations are 3,500-4,500 square feet, slightly larger than the typical Richard’s Footprint, which average 2,500 square feet. Richard’s plans on experimenting with produce in the stores, creating best practices and training manuals, and evaluating the potential for future stores with larger floor plans. Once the two stores are remodeled, grand re‐opening events will be scheduled.

Source: Richard’s Foodporium
 








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