Restaurant & QSR Expansion Report

Second in the East Coast, then Hawaii

On May 12th, the second Little Sheep Mongolian Hot Pot restaurant in the East Coast region opened in the recently renovated Festival Plaza on Route 27 in Edison in New Jersey’s Middlesex County. The fondue-style restaurant offers dining room seating…

Mullany Joins Pizza Inn

As of May 5th, Timothy Mullany has joined Dallas-based Pizza Inn Holdings Inc. as Chief Financial Officer.  He was previously CFO of Restaurants Unlimited Inc., a Seattle-based company with approximately $200-million in sales that owns and operates more than 20 full…

Lippert to Drive Restaurant Growth

In late April, casual-dining franchise Quaker Steak & Lube announced that it has appointed Greg Lippert as Chief Executive Officer effective immediately. Lippert is a 30-year industry veteran, and since 2005 was chief executive officer of Mazzio’s LLC, where he…

Sells Red Lobster, Attention on Olive Garden

Darden Restaurants Inc. has just announced that it has entered into a definitive agreement to sell its Red Lobster business and certain other related assets and assumed liabilities to Golden Gate Capital for $2.1-billion in cash.  The agreement is the culmination of a robust process to maximize…

Argosy Group Acquires Donper America

Foodservice equipment manufacturer Argosy Group International has finalized an agreement to acquire the privately held manufacturer Donper America.  Founded in 1996, the Donper America line has become a favored choice by foodservice operators in the frozen yogurt business. The Orlando, Florida-based…

Working on 2015 Openings

In early May, a new BJ’s Restaurant & Brewhouse opened in Orlando, the fourth restaurant in Orlando and 16th on Florida for the Huntington Beach, California-based BJ’s Restaurants Inc.  The 280 seat casual restaurant is about 8500 square feet located…

Acquiring to Expand Nationwide

Late in April, Border Holdings LLC and Golden Gate Capital announced that they had entered into a definitive agreement whereby Border Holdings LLC will acquire the On The Border Mexican Grill & Cantina brand from Golden Gate Capital.  Border Holdings…

Jennings Brings Costa Vida to the SE

Costa Vida is a Lehi, Utah-based fast casual restaurant chain inspired by the fresh tasting foods and vibrant lifestyle of the Baja Peninsula. The menu is created from scratch using quality ingredients and offers a variety of made-to-order items such…

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