🠈  Food Management Partners  🠊

Food Management Partners

Founded in 1999, Food Management Partners (FMP) is a multi-concept operator of independent restaurant brands. The portfolio includes:

• Carrows Restaurant lists ten restaurants in California.
• Coco’s Bakery has 57 restaurants in California, Arizona, and Nevada.
• Country Buffet
• Don Pablo’s lists 8 restaurants in Delaware, Maryland, New Jersey, Ohio and Texas
• Furr’s Fresh Buffet has 18 restaurants in New Mexico, Oklahoma, and Texas.
• Hometown Buffet and Old Country Buffet are chains of buffet restaurants.
• Hops
• Ryan’s Grill is a chain of steak houses and grills.
• Founded in 1993: Tahoe Joe’s is a chain of steak restaurants in California.
• Zio's Italian Kitchen has restaurants in Texas, Missouri and Oklahoma.
• Dynamic Foods

Prior franchises relations include: Buffalo Wild Wings, Little Caesars. They were a founding franchise of Smashburger.

Corporate History

This is my attempt to piece together the corporate history of this corporation:

• 1999: FMP Founded
• 2014: FMP acquired 25 restaurant Furr's chain and Dynamic Foods
• 2015: FMP acquires Catalina Restaurant Group from Zensho:

  Catalina Restaurant Group History

  The Catalina Restaurant Group was created by a chemical conglomerate called W. R. Grace and Company which was founded in 1854 by William Russell Grace. The firm diversified into restaurants then spun off the chain.

  • ???? Grace acquired Coco's Bakery

    Coco's Bakery

    • 1948: John and Audrey McIntosh purchased The Snack Shop
    • ????: The family acquired bought Reuben E. Lee restaurants.
    • Around 1965 they change the name of The Snack Shop to Coco's Bakery.
  • Grace also acquired El Torito
  • 1984 Grace acquired Carrows which had 89 restaurants for $37M.

    Carrows Restaurant

    • 1970: David G. Nancarrow founded Carrows Hickory Chip Restaurant in Santa Clara, California
  • 1986-1993: Grace spun off its 145 unit restaurant division as Restaurant Enterprises Group.
  • 1996: Flagstar acquired The Restaurant Enterprise Group
  • 1997: Flagstar filed chapter 11 and changed its name to Advantica Restaurant Group.
  • 2002: Advantica spins off Coco's and Carrows as Catalina Restaurant Group, Inc.
  • 2006: Zensho America Corporation (株式会社ゼンショーホールディングス) acquired Catalina Restaurant Group which had 209 restaurants (115 Coco's and 94 Carrows.)
• 2015: FMP closed 75 of the 149 restaurants from Catalina Group.
• 2015: FMP acquired Ovation Brands

  Ovation History

  • 1983-1989: Roe Hatlen, C. Dennis Scott, Dermot Rowland and Doron Jensen developed buffet restaurants with names such as HomeTown Buffet and HomeStyle Buffet.
  • 1996: The companies merged as Buffets Inc.
  • 2006: Buffets Inc. acquired the 340 unit Ryan's Restaurant Group which operated Ryan's Grill Buffet and Bakery and Fire Mountain Grills.

    Ryan's History

    • 1976-1977: Alvin A. McCall, Jr. developed a chain of steakhouses called Quincy's which he sold to Trans World
    • 1978: McCall opened a new chain called Ryan's Family Steak Houses, Inc.
    • 1982: company goes public in 1982 on NASDAQ with ticker RYAN.
  • 2008: Buffets Inc filed chapter 11 and closed 52 stores.
  • 2012: Buffets Inc filed chapter 11 and closed 81 restaurants
  • 2013: Buffets Inc changed its name to Ovations Brands to much applause.

profile page

References:

1. Businesswire - Zensho America Sale (Drawn 3/23/2018)
2. NY Times - Grace to acquire Carrows (Drawn 3/23/2018)
3. Reference For Business - Ryan's (Drawn 3/24/2018)
4. Wikipedia - Ovation Brands (Drawn 3/24/2018)

Directory Listings:

• Coconino County - Dining: Coco's Bakery
• Phoenix Color - Dining: Coco's Bakery and Hometown Buffet
• Pima County - Dining: Coco's Bakery
• Yuma County - Dining: Coco's Bakery
• Colorado Springs Color - Dining: Country Buffet

Prev ~ ~ Index ~ ~ Next