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Denny’s Corporation – The Largest Chain of Franchised and Full Service Restaurant in America
Denny’s, the famous American diner is a reputed full-service chain of family restaurants operating not only in the United States but also in Canada, Venezuela, El Salvador, Dominican Republic, Japan, Mexico, UAE, New Zealand and Qatar. Having over 1700 stores worldwide, the company is rigorously looking for ideal properties on lease to expand its operations and become the no. 1 restaurant chains operating in the world.
Its current financial status
Being a public sector company registered under NASDAQ with the ticker symbol DENN, Denny’s Corporation is surely one of the most popular profit earning companies in the market. According to annual financial report of the Wall Street Journal, the company showed a net growth of 8.67% in its net income by the end of September 2016 that accounts to $9.7 million. While talking about its revenue growth, the increased percentage is 3.72% that amounts to $128.39 million.
The Wall Street Journal also estimates total liabilities as well as debt accounting to S351.48 million and $228.54 million respectively. Considering its tremendous growth over the years, the company emerges as a profitable entity for the investors to invest in.
How it originated?
Instigated out of the visionary guidance of Richard Jezak and Harold Butler, Denny’s came into existence in the year 1953 with the name of Danny’s Donuts at Lakewood in California. The concept further changed from donut shops to coffee shops in the year 1956 when Jezak departed from the then chain of 6-store in 1955. The resultant rename of the company became Danny’s Coffee Shop offering 24 hours services to its customers.
Furthermore, Butler changed the name to Denny’s Coffee shop in order to avoid any kind of confusion with the leading restaurant chain of Los Angeles namely Coffee Dan’s. After completion of two years, in the year 1961, Denny’s coffee shop occupied a simple name Denny’s. With continuous expansion, the company was able to open its 1000 restaurants by the end of 1981 across all fifty states of the United States.
During its reign of expansion, the company acquired various Sambo’s restaurants thereby becoming the rapidly growing chain of restaurants in the US. Initially operating its headquarters at La Mirada in California, the company further moved towards Irvine in California and further it shifted to Spartanburg in the South Carolina. The second shifting of its headquarters was the outcome of its acquisition by the renowned parent company TW Corporation (Trans World Corporation) in the year 1987.
Later in the year 1992, 47% interest of the company was acquired by a privately owned equity firm namely Kohlberg Kravis that became popular as The Flagstar Companies. The name further changed to Denny’s Corporation and began to trade under NASDAQ with the ticker symbol DENN even today.
How it operates?
Having its presence across over 1700 locations worldwide, Denny’s is constantly looking forward to expand its reach on a global platform. With a vast experience of more than 50 years in franchising, the company today operates over 90% of its full-service restaurants as franchises. Looking at such diversified and sustainable growth plan of the company, it is surely a noteworthy investment to make for the investors.
Introducing the new incentive based program for emerging markets, the company is looking for ideal properties on lease to open its new franchises globally. The minimum amount of investment that an investor need to make in becoming a share partner of the company may range between $1M and $3M. Additionally, you also need to sign in a corporate lease agreement promising minimum lease tenure of 15 to 20 years.
Depending on the profit earned by you, the provision for further expansion of the lease term is also available in the agreement. They can further extend your lease tenure from 20 to 40 years. Furthermore, with its capital rate ranging between 6% and 7%, the company also promises to offer a 10% increment on the rent of your property after every five years.
Denny’s Restaurant Properties For Sale Across the United States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming