About First Watch
First Watch is a company based in Bradenton (United States) founded in 1983 was acquired by Advent International in July 2017. The company has 15,000 employees as of December 31, 2024. First Watch has completed 3 acquisitions, including Bread & Company, The Egg & I and The Good Egg Co. First Watch offers products and services including Breakfast Menu, Online Ordering Platform, and Brunch Offerings. First Watch operates in a competitive market with competitors including Burger King, Cracker Barrel, Restaurant Brands International, YUM! Brands and Aurify Brands, among others.
- Headquarter Bradenton, United States
- Employees 15000 as on 31 Dec, 2024
- Stage Public
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Sectors
Consumer
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Phone
Locked
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Website
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Social
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- Legal Name First Watch Restaurant Group, Inc.
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Annual Revenue
$1.02 B (USD)13.95as on Dec 31, 2024
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Net Profit
$18.93 M (USD)-25.45as on Dec 31, 2024
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EBITDA
$103.1 M (USD)15.03as on Dec 31, 2024
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Latest Funding Round
$225 M (USD), Debt – Conventional
Aug 24, 2017
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Investors
Freeman Spogli
& 2 more
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Employee Count
15000
as on Dec 31, 2024
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Investments & Acquisitions
Bread & Company
& 2 more
- Acquired by
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IPO & Listings of First Watch
First Watch is a publicly listed company on the NASDAQ with ticker symbol FWRG in USA, operating in the Consumer services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of First Watch
First Watch offers a comprehensive portfolio of products and services, including Breakfast Menu, Online Ordering Platform, and Brunch Offerings.
Provides fresh breakfast items for dine-in and takeout options.
Enables app-based ordering for meals and waitlist management.
Features seasonal brunch dishes using quality ingredients.
People of First Watch
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Operations Team
49 people
Leadership Team
34 people
General Team
16 people
Human Resources and Administration
13 people
Software Development Team
8 people
Sales and Marketing
5 people
Legal and Compliance
4 people
Customer Team
2 people
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Funding Insights of First Watch
Investors in First Watch
First Watch has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Freeman Spogli, L Catterton and Advent International.
| Investor | Description | Founded Year | Domain | Location |
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L Catterton is recognized as a leading consumer-focused private equity group.
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Private equity firm focused on multiple sectors
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North American private equity investments are managed by Freeman Spogli.
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Investor details for First Watch
Investor domains, locations, round participation, and complete history require an active premium plan.
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by First Watch
First Watch has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Bread & Company, The Egg & I and The Good Egg Co.
Investment portfolio details for First Watch
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Recruitment services for marketing and creative sectors are provided.
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A chain of bakeries and cafes is operated nationwide.
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Locked | Locked | 2000 | Locked | |
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Fresh home-style breakfast, lunch, and dinners are served.
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Locked | Locked | 1987 | Locked |
Complete acquisition details for First Watch
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- Transaction dates
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- Domains and locations
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Financial Statements - First Watch
Detailed financials for First Watch
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- Profit trends
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First Watch Comparisons
Peer comparison for First Watch
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- Named peers
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Competitors of First Watch
First Watch operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Burger King, Cracker Barrel, Restaurant Brands International, YUM! Brands and Aurify Brands, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Burgers and fast food are served by a restaurant chain.
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A chain of limited-service restaurants is operated nationwide.
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Quick-service restaurant brands are operated on a global scale.
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Restaurants chains
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Owns & operates restaurant serving food & beverages
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Detailed competitors of First Watch
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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- Full company profiles
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Verified entity values are shown only after access is granted.
Latest news on First Watch
Complete news archive for First Watch
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- Full article archive
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- Brand-specific news history
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Frequently Asked Questions about First Watch
First Watch was founded in 1983 and raised its 1st funding round 21 years after it was founded.
First Watch is headquartered in Bradenton, United States. It is registered at Bradenton, Florida, United States.
As of Dec 31, 2024, the latest employee count at First Watch is 15,000.
Annual revenue of First Watch is $1.02B as on Dec 31, 2024.
First Watch was established in 1983 in Bradenton, United States, as a chain within the restaurant sector. Limited-service dining establishments are managed across multiple locations, primarily focusing on casual meals during daytime hours. Operations emphasize efficient service models without full table attention, catering to breakfast, lunch, and brunch preferences. The headquarters remains in Bradenton, with expansion occurring throughout various U.S. states to serve regional markets.
First Watch's top competitors include Burger King, Cracker Barrel and Fazoli’s.
First Watch offers Breakfast Menu, Online Ordering Platform, and Brunch Offerings.
Yes, First Watch is publicly traded on NASDAQ under the ticker symbol FWRG.
First Watch has made 3 acquisitions, including Bread & Company, The Egg & I, and The Good Egg Co.
First Watch has 3 investors. Key investors include Freeman Spogli, L Catterton, and Advent International.
The ticker symbol of First Watch is FWRG on NASDAQ.