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Logan’s Roadhouse Inc. – The Hub of Casual Dining with Lip Smacking Taste
The Logan’s Roadhouse is a top steakhouse for casual dining based in Nashville at Tennessee. The corporate has 26 Logan’s Roadhouse Inc. franchise and 195 of the company-operated chain of restaurants in 23 different states. The restaurants of Logan’s Roadhouse rooted to the Music City with its sounds, spirit as well as the sights. Logan’s Roadhouse is avid for providing the home like flavor in their foods and the unparalleled satisfaction from the food and services.
Logan’s Roadhouse is the finest restaurants with its earliest and perfected Southern flavor food recipes, which it has been collecting and serving to its diners. Its grilled steaks from the wood fire, along with the mouth-watering aroma explain its efforts in bringing out all the delicious flavors of the food. Great seasoning on the dishes prepared from scratch further alleviates the taste. Once the food gets combined with the handcrafted tea of Roadhouse or a cold beer, the level of taste exceeds the standard of deliciousness.
The friendly and warm vibes of Logan’s Roadhouse is one reason which attracts all people for good times at Logan’s Roadhouse. Other reason would be the passion in the folks of Logan’s Roadhouse to create from the top-quality ingredients, the Southern-inspired cuisines. All the right things start from the scratch in the kitchen. Even a single bite of Logan’s Roadhouse food fills one with the southern hospitality.
It’s current market position
Logan’s Roadhouse is a privately held company. Since it is private, it has not listed the Logan’s Roadhouse Inc. investment property in the stock exchange market. The total increase in sale according to the PR Newswire is $161.7 million in the FY2013 which increased from $159.8 million in the previous FY2012. The Bloomberg have listed the overview on finance of the restaurant chain.
How it originated?
The Logan’s Roadhouse was established in Lexington in Kentucky in the United States in 1991. The CBRL Group Inc., owner of Cracker Barrel, is a public company, which owned the subsidiary of Logan’s Roadhouse in 1999. Later on, the CBRL Group sold the chain of restaurants to the affiliates of Canyon Capital Advisors LLC, Rosser, Bruckmann, Black Canyon Capital LLC and Sherrill & Co. for the price of $486 million on 6th December 2006. The Kelso & Company, a private equity corporate acquired the Logan’s Roadhouse Inc. properties later in 2010. The central office situated at Tennessee in Nashville.
The Logan’s Roadhouse Inc. real estate is still increasing with the 26 of the Logan’s Roadhouse Inc. franchise and 210 of company-operated restaurants in 23 different states. The restaurants have been providing peanut buckets to diners and using the retro-styled interior decorations. And few of the restaurants have the locally-stimulated artworks. The restaurants at Detroit have paintings of people wearing the shirts of Detroit Pistons. The former Boston Market’s CEO and the vice-president of McDonald’s, Mike Andres gave the position of CEO to Tom Vogel on 20 February 2013.
It’s working process
The chain still aspires for more great opportunities to add more of its restaurants and franchise to its current number of the restaurants. The company wants to expand business with a lease term of 10-20 years with expectations to extend it further to 20-40 years more. The chain expects an investment of $1 to $3 million and yearly growth of 10% in the five years of the term.
For people interested to invest their money for long term and healthy returns, choosing Logan’s Roadhouse may well turn out to be a profitable affair. The company is quite capable of providing fruitful returns owing to its stable market position and consistent annual growth.
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