Thinking of Buying a Fast-Casual Franchise? Read this report first.

Ones to Watch | By Sabrina Davis

Daily Soup

Other wholesale customers include school systems that buy the standard soup line—the lowest priced of three categories—and restaurants who either ask White to prepare proprietary soups for their outlets or serve Daily Soup–branded soups. This fall, Daily Soup will move onto the shelves of Whole Foods and New York’s Gourmet Garage.

“Everything is fresh; we use a natural pasteurization process and package the soup in quick-chill, reheatable bags. There’s a 35-day shelf life,” White says.

Ideally, White wants his company to run as 70-percent wholesale/30-percent retail operation. But he is adamant that his retail stores won’t be getting just 30 percent of his attention. Two more Daily Soups are slated to open in New Jersey, one in Maplewood and the other in Orange’s up and coming art district. The Orange store will be a prototype for the next iteration of Daily Soup—a café/dessert bar with live music.

Existing Daily Soup locations serve specialty sorbets, frozen yogurt, and ice cream in summer months. Those offerings, along with additional desserts, will be regular fare at the Orange store.

Daily Soup
CEO: Anthony W. White
HQ: Newark, New Jersey
Year Started: 1985
Annual Sales: $1.5 million
Total Units: 2
Franchise Units: 0
Why it bears watching: Although Daily Soup had to re-establish itself after moving to New Jersey, brand recognition endured. Past devotees and new customers are proving to be loyal, frequent visitors. The two existing locations each serve between 250 and 400 customers a day.
In addition to the two new locations set to open in the fourth quarter, White plans to focus over the next two years on increasing and diversifying his wholesale business. The upscale restaurants planned for Newark’s new Prudential Center have expressed interest in serving Daily Soup’s top-tier offerings. White is also talking with operators about selling basic varieties, like tomato cheddar and chicken noodle from the concession stands.
Once bulk sales are strong, White plans to turn his attention to franchising. “In five years, I’d like to be in most of the major cities in the Northeast,” he says. “In 10 years, I’d like to have 500 locations in the works.”
Page 1 | 2 | End