Saxbys is a certified benefit corporation

fast casual restaurant A fast casual restaurant, found primarily in the United States and Canada, does not offer full table service, but advertises higher quality food than fast food restaurants, with fewer frozen or processed ingredients. It is an intermediate conce ...

on the

eastern United States The Eastern United States, commonly referred to as the American East, Eastern America, or simply the East, is the region of the United States to the east of the Mississippi River. In some cases the term may refer to a smaller area or the East C ...

. Its headquarters are in

Philadelphia Philadelphia, often called Philly, is the List of municipalities in Pennsylvania#Municipalities, largest city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, the List of United States cities by population, sixth-largest city i ...

, Pennsylvania. It sells coffee, other drinks, and bakery items. Saxbys was founded by Nick Bayer who serves as CEO.

History

Saxbys was founded in 2005 by Nick Bayer. Originally, Saxbys started off in

Denver Denver () is a consolidated city and county, the capital, and most populous city of the U.S. state of Colorado. Its population was 715,522 at the 2020 census, a 19.22% increase since 2010. It is the 19th-most populous city in the Unit ...

with an investment from Bayer, and it expanded into the Philadelphia region. In 2009, Saxbys filed for bankruptcy as they were facing 18 lawsuits from former franchisees and investors who said the company owed them money. Even though the company was in court, they continued to open up new stores, including one in

Center City, Philadelphia Center City includes the central business district and central neighborhoods of Philadelphia. It comprises the area that made up the City of Philadelphia prior to the Act of Consolidation, 1854, which extended the city borders to be coterminous wi ...

. According to Bayer, the company was re-built into "something we all believe in". In September 2015, Saxbys moved its headquarters from

Broomall, Pennsylvania Broomall is a census-designated place (CDP) in Marple Township, Delaware County, Pennsylvania, United States. The population was 10,789 at the 2010 census. History This crossroads community was renamed for the post office established to hon ...

, to Center City, Philadelphia. Their new headquarters is over 10,000 square feet and includes a Saxbys shop. Saxbys runs an "experiential learning platform" with colleges and universities, including

Temple University Temple University (Temple or TU) is a public state-related research university in Philadelphia, Pennsylvania. It was founded in 1884 by the Baptist minister Russell Conwell and his congregation Grace Baptist Church of Philadelphia then calle ...

Rowan University Rowan University is a public research university in Glassboro, New Jersey, with a medical campus in Stratford and medical and academic campuses in Camden. It was founded in 1923 as Glassboro Normal School on a site donated by 107 residents. ...

, Penn State University, and St. Joe's University. It has 12 student-run cafes on college campuses. Students are able to become "student CEOs" or student café executive officers, receiving academic credit and salary.

Restaurants and locations

In 2014, the company launched an app for mobile payments at Saxbys location and receive rewards on the app for spending. As of October 2015, 35 percent to 40 percent of Saxbys is corporate-owned and the balance was franchised. In 2015, Saxbys corporate bought out two franchises in Philadelphia, one in

30th Street Station 3 (three) is a number, numeral and digit. It is the natural number following 2 and preceding 4, and is the smallest odd prime number and the only prime preceding a square number. It has religious or cultural significance in many societie ...

and the other on the campus of the

University of Pennsylvania The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universitie ...

. Both stores were "completely torn down and rebuilt."

References

Coffeehouses and cafés in the United States Fast-food chains of the United States Restaurants in Philadelphia American companies established in 2005 Restaurants established in 2005 Companies that filed for Chapter 11 bankruptcy in 2009 2005 establishments in Colorado {{Restaurants in Philadelphia