If youâ€™re dressed to the nines and sitting next to someone in jeans and T-shirt, everybody is going to feel at home.â€
Bob Hartnett, Houlihanâ€™s chief executive officer
Houlihanâ€™s Restaurants Inc., flush with $68 million to spend, is embarking on the next phase of a national expansion that will add 12 new locations by year end.
Already, Houlihanâ€™s has 30 company-owned restaurants in some phase of development. Some of those are in markets new to the Leawood-based casual dining chain, including San Antonio, Dallas, Charlotte, N.C., and Denver.
In addition to expanding its portfolio of corporate-owned stores, Houlihanâ€™s is focusing on developers that can build out entire markets. By year end, the company, which is expected to do $350 million in sales this year, will have 115 locations.
â€œReally, we want to grow two ways, and weâ€™re excited about what weâ€™re building,â€ said Bob Hartnett, Houlihanâ€™s chief executive officer. â€œWe think weâ€™ll get really good returns on our invested capital.Houlihanâ€™s has recently received a two-part equity infusion. It got $28 million in private equity from Goldner Hawn Johnson & Morrison, a Minneapolis-based investment firm, and a new $40 million senior credit facility from Wells Fargo Foothill Restaurant Finance, which Goldner Hawn helped place.
Amazing opportunity for only $500 in an industry that is prime for sales.
Be a part of the number one growth industry while securing your future with residual income.
Millions of people retire in poverty - but it doesnt have to be this way!
Make money building websites for small businesses with our private label website builder
The coffee vending business is your opportunity to cash in on the 30 billion dollar coffee industry.