INTRODUCTION The Cheesecake Factory Incorporated is in the “Restaurant Industry.” It started in the 1940s in the home of Oscar and Evelyn Overton. The business was so successful that in 1971, they moved the cheesecake business to Los Angeles and named it “The Cheesecake Factory”. In 1978, their son David founded The Cheesecake Factory restaurant in Beverly Hills and 30 years later you can find their restaurant in towns and cities all over the United States with new businesses opening all the time. They do not offer franchise or joint venture opportunities and have no plans to do so in the future. They own and manage all of the full-service Cheesecake Factory restaurants and presently do not have plans for international expansion. …show more content…
In Millions of U.S. Dollars (except for per share items) 2006 01/02/07 2005 01/03/06 2004 12/28/04 Restated 01/03/06 2003 12/30/03 Restated 12/28/04 2002 12/31/02 Restated 12/30/03 Cash & Equivalents 45 31 14 15 11 Short Term Investments 56 63 31 34 12 Cash and Short Term Investments 101 94 45 49 23 Trade Accounts Receivable, Net 12 8 8 7 5 Other Receivables 48 26 23 18 21 Total Receivables, Net 59 34 32 26 26 Inventory - Finished Goods 18 17 8 11 16 Inventory - Raw Materials 3 2 2 1 2 Inventories - Other -- -- -- 9 -- Total Inventory 21 19 10 20 18 Prepaid Expenses 21 15 10 12 7 Other Curr. Assets, Total 0 10 6 5 2 Total Current Assets 202 173 103 112 76 Buildings 18 18 18 6 6 Land/Improvements 13 12 12 2 2 Machinery/Equipment 285 252 211 161 138 Construction in Progress 45 36 31 38 20 Leases 620 490 382 283 209 Property/Plant/Equipment - Gross 981 808 654 490 376 Accumulated Depreciation (249) (198) (156) (120) (94) Property/Plant/Equipment - Net 732 610 498 370 282 Intangibles, Net 3 3 2 2 2 Long Term Investments 33 84 106 88 92 Other Long Term Assets 69 57 50 38 15 Total Assets 1,040 926 759 610 467 Accounts Payable 46 32 32 26 15 Accrued Expenses 117 95 79 55 43 Notes Payable/Short Term Debt 0 0 0 0 0 Income Taxes Payable 0 6 3 0
The company has been franchising since 1997 and currently has over 600 restaurants across the globe. Many celebrities such as Rick Ro$$ and
Once Job Analysis is complete, the next step is to define the responsibilities of the candidate to meet the needs of the position. Job description is basically a list of the tasks required of the employee holding the particular position defined in the job analysis. A Complete job description will include level of responsibility and the expected outcome. Once these attributes are defined and documented, finding the ideal candidate will become easier and more precise.
Due Diligencer is posing here a few queries that only Henares and her chosen expert, and hopefully honest, tax examiners could properly explain. She need not worry about the repercussion of any explanation she could provide Due Diligencer. She is assured that the queries revolve around the use of percentages in GDI’s 2007-2007 financial reports.
The founhder of the company, Godfrey Keebler, started with jus a small bakery in Philadelphia, PA in 1853. During the next two generations, local bakeries popped up around the country, including Strietmann, Hekman, Supreme and Bowman. With the introduction of cars and trucks (carrying the Keebler logo), bakery goods could be distributed beyond the neighborhood and regional distribution began.
Everybody from down South knows about the Waffle House and has one close in a local area. The Waffle House is a 24-hour diner place that sales just about anything that you want. Although Waffle House is an excellent place to eat at, there are things that make people think twice bout going. Most Waffle Houses are extremely cold. Why? because workers are dealing with eggs and things of that nature and employees become very hot quick. When sitting at the table, the waiter gives a napkin to put the fork, the spoon and the knife on. In some Waffle Houses, the utensils are not always clean. Dirty spots are on both utensils, plates and cups. The drinks have things floating around in it, which is very unacceptable. When customers. come they have
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Despite its location, Dot’s Doughnut shop was about to get famous. The shop was a mini diner near the Interstate 23, a block away from New John City, but the place was well visited though. They recently came out with the new Double Decker doughnut that had two prodigious donuts glued together by vanilla custard creme. It quickly became the #1 best selling snack in the county. The only thing that kept citizens from buying it was the distance from the city, and the shop didn’t have home delivery, so people would call cabs or take the bus. Also, people wouldn't be able to buy their products because people would have spent all of their money on rides to the shop. On the shop’s 25th anniversary, they sold all donuts for 50% off. Peculiarly there
The main reason of the challenge that is happening at the Mom & Pop smorgasbord café or also known as the Cherrygate Cafeteria is that full time employees obtain more benefits than part time employees. As a full time employee, not only they get meal benefits for free, they also get their beverage for free as well. On the other hand, part time employees have to play half price for their food and half price for any other beverage besides water, coffee, or tea.
According to Chris Arnold, a spokesperson for the brand; "The reason we don’t franchise is because we don’t need to, companies tend to franchise because they need money to grow and/or operators to run their business. We have plenty of money for growth.” he continues by stating “When you franchise, you give up control over how restaurants are run and that can compromise the experience.”.
A man by the name of John Fremont McCullough and his son Alex developed the recipe for Dairy Queen’s famous soft-serve. At first, they did not have anywhere to serve it. They then asked a “friend and loyal customer Sherb Noble” (Wikipedia Contributors; wikipedia.com) to serve their soft serve in his ice cream store. Since their ‘ice cream’ was such a large hit, the father and son team opened their very first Dairy Queen on June 22, 1940 in Joliet, Illinois (.D.Q. Corp Mpls., dairyqueen.com). This restaurant is still up and standing, however it is not in operation, and it has not been since 1950’s.(Wikipedia
According to their most recent 10-K report (2012), there are many key points for review. “Of the 1,961 restaurants across the United States & Canada none of them are franchised” (Nation’s
Burger Ranch’s restaurant has been shut down and this creates an opportunity for Burger Ranch to search for new ways in attracting customers, “most products exist in an ecosystem of complementary goods and services, each of which influences the others’ sales and prices” (Garr). For example, by Burger Ranch offering free Wi-Fi connectivity inside their restaurants, Burger Ranch has created a potential advantage over other nearby fast food restaurants. Offering Wi-Fi connectivity allows Burger Ranch to tap into the pool of consumers who own some type of technological device. Even if customers decided to enter the restaurant for the sole purpose of using free Wi-Fi, customers who linger inside the restaurant would
As of June 30, two have been opened. A critical ingredient to the Company’s expansion strategy is the development of a smaller floor plan (7,200 to 8,500 square feet versus 10,000 for a traditional Cheesecake location although existing units range from 5,000 to 21,000 of interior square feet). Total costs are targeted at $800 per interior square foot and during 2015 the average sales per “productive” square foot was $967. The most recent opening was in Greenville, SC and the next openings are scheduled in Queens, NY; Greensboro, NC; Stamford, CT; Valencia, CA; and Tacoma, WA. I am dubious of CAKE’s ability to successfully drive the Cheesecake brand to 300
Apart from that by 2022 we plan to be globally present in all the developed countries and some other growing economies as well.
Dunkin Donuts is one of the biggest donuts and coffee shop around the United States. A lot of people in the States would purchase from Dunkin every single morning, because it faster with low prices. However, Dunkin Donuts are not successful in Taiwanese market. The store has been enter to Taiwan’s market twice but also leave the market , This research paper we would discussion why Dunkin Donut is successful in United States market but no the market in Taiwan.