Starbucks (SBUX), the house that Schultz built, is a success story that has inspired many. It is also a Top 10 holding in the Restaurant Finance Monitor and deserves comment.
Starbucks has led both technologically and culturally through its 175,000 “green aprons.” However, on June 26, its founder, Howard Schultz, will move on to bigger, and hopefully better things.
Bill Lenehan is CEO of that new REIT entity—Four Corners Property Trust (NYSE-FCPT) – and he is helping other restaurant chains and individual franchise operators by acquiring their properties and then leasing them back via long-term net leases.
36% of the stock float was sold short, so the numbers came through “adequately”, and the stock didn’t go down, so the short-term traders panicked, covered their positions and drove the stock higher. Visit www.rogerlipton.com to view free restaurant company descriptions and other articles.
QSR reported their first quarter results on April 25th, including eagerly awaited commentary regarding the important relationship with their Tim Horton franchisees. Visit www.rogerlipton.com to view free restaurant company descriptions and other articles.
Sandra McCraren will be the first to admit that when she started her career in restaurant financing nearly 30 years ago, she definitely had luck on her side. She went to work for a bank that was in the very early stages of helping form what is now the national lending program for McDonald’s franchisees.
Up until ten years ago, almost all the chief financial officers in the restaurant industry were male. At the recent Restaurant Finance & Development Conference, 36 of the 243 CFOs attending, or 15%, were female. One of them, Lina O’Connor, CFO of Tender Greens, in Culver City, Calif., remarked, “Fifteen percent is better than zero and the needle is moving, however slowly.”
Glen Kunofsky is a veteran of the sale-leaseback industry and one of the pioneers who helped establish a bigger buyer pool for net-leased restaurant properties among private investors nearly two decades ago.
The fast-casual segment appears to be evolving, causing private equity investors to pursue brands featuring menus ahead of their time. Case in point: Modern Market. Founders of the 30-unit chain sold controlling interest in late February to Butterfly Equity, a Los Angeles private equity firm specializing in “seed-to-table” investments.
Cooper’s Hawk has grown to 30 high-volume locations by tapping into the experiential and lifestyle trends that keep casual diners coming back. Visit www.rogerlipton.com to view free restaurant company descriptions and other articles.
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