PHILADELPHIA - Philadelphia-based Federal Donuts is expanding its mid-Atlantic footprint with the help of a significant investment from NewSpring Franchise.
Federal Donuts Investors Hope To Grow To 150 Locations
Founded in 2011, Federal Donuts specializes in fried chicken and doughnuts and has recently announced a partnership with NewSpring. The partnership will help the fast-casual chain grow, providing expertise and capital to expand. In addition to the NewSpring franchise, the company will keep its CEO on board.