Applebee's: Difference between revisions
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{{Use mdy dates|date=April 2012}} |
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{{Infobox company |
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| name = Applebee's |
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| logo = Applebee's.svg |
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| type = [[subsidiary|Wholly owned subsidiary]] |
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| traded_as = |
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| industry = Restaurants |
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| genre = [[Casual dining]] |
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| foundation = {{Start date and age|1980|11|19}}<br>[[Decatur, Georgia|Decatur]], [[Georgia (U.S. state)|Georgia]], [[United States|U.S.]]<ref>[http://applebees-founder.com/history1.htm The History of Applebees] September 7, 2015</ref> |
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| founder = Bill Palmer, T.J. Palmer |
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| location = [[Kansas City, Missouri]], U.S. |
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| locations = 2,033 (2015)<ref name=10K>[https://materials.proxyvote.com/Approved/254423/20160323/AR_276949/pubData/source/Annual%20Report.pdf 2015 DineEquity Annual Report]</ref> |
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| area_served = Worldwide |
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| key_people = [[Julia Stewart (businesswoman)|Julia Stewart]], CEO of DineEquity, Inc.; Interim President of Applebee's |
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| revenue = {{increase}} US$2.5 billion (2006)<ref name="Applebee's-Mar-2007-10-K">{{cite web|url=http://pdf.secdatabase.com/1704/0000853665-07-000041.pdf |title=Applebee's, Form 10-K, Annual Report, Filing Date Mar 1, 2007 |publisher=secdatabase.com |accessdate =Jan 11, 2013}}</ref> |
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| operating_income = {{increase}} US$131 million (2006)<ref name="Applebee's-Mar-2007-10-K" /> |
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| net_income = {{increase}} US$81 million (2006)<ref name="Applebee's-Mar-2007-10-K" /> |
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| assets = {{increase}} [[United States dollar|US$]]935 million (''2006'')<ref name="Applebee's-Mar-2007-10-K" /> |
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| equity = {{increase}} [[United States dollar|US$]]487 million (''2006'')<ref name="Applebee's-Mar-2007-10-K" /> |
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| num_employees = 28,000 (2013)<ref>{{cite web |url=http://www.applebees.com/about-us/faq |title=FAQs |publisher=Applebee's |accessdate=October 11, 2013}}</ref> |
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| parent = [[DineEquity]] (2007–present) |
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| homepage ={{url|www.applebees.com}} |
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}} |
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'''Applebee’s International, Inc.''', is an American company which develops, franchises, and operates the '''Applebee's Neighborhood Grill and Bar''' [[List of restaurant chains|restaurant chain]]. |
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As of December 2015, there were 2,033 restaurants operating system-wide in the United States, one U.S. territory (Puerto Rico) and 15 other countries, all owned and operated by franchisees.<ref name=10K>[https://materials.proxyvote.com/Approved/254423/20160323/AR_276949/pubData/source/Annual%20Report.pdf 2015 DineEquity Annual Report]</ref> The company is headquartered in [[Kansas City, Missouri]] after moving from [[Lenexa, Kansas]] in September 2011.<ref name="Applebee’s-Apr-2011-8-K">{{cite web |url=http://edgar.secdatabase.com/1192/110465911018770/filing-main.htm |title=Applebee’s, Form 8-K, Current Report, Filing Date Apr 5, 2011 |publisher=secdatabase.com |accessdate =Jan 11, 2013}}</ref> On September 3, 2015, it was announced that owner [[DineEquity]] would be consolidating its headquarters for Applebee's and IHOP to DineEquity's [[Glendale, California]] location.<ref>{{cite web|url=http://investors.dineequity.com/phoenix.zhtml?c=104384&p=irol-newsArticle&ID=2085382 |title=DineEquity,Inc. - Investor Relations – News Release |publisher=Investors.dineequity.com |date= |accessdate=2015-09-05}}</ref> As a result, President Steven R. Layt chose not to relocate and resigned effective September 4, 2015.<ref>{{cite web|author=Greg Palmer |url=http://www.wibw.com/home/headlines/Applebees-moving-from-Kansas-City-to-California-324459911.html |title=Applebee's moving from Kansas City to California |publisher=Wibw.com |date= |accessdate=2015-09-05}}</ref> |
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The Applebee's concept focuses on [[casual dining]], with mainstream American dishes such as salads, shrimp, chicken, pasta, and "[[riblets]]" (which is considered Applebee's signature dish). All Applebee's restaurants feature a bar area and serve alcoholic beverages (except where prohibited by law). |
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On November 29, 2007, [[IHOP]] (now DineEquity) announced that it had completed a $2 billion purchase of the Applebee's chain.<ref name="Applebee's-Dec-2007-8-K">{{cite web|url=http://edgar.secdatabase.com/1034/110465907086923/filing-main.htm |title=Applebee's, Form 8-K, Current Report, Filing Date Dec 5, 2007 |publisher=secdatabase.com |accessdate =Jan 11, 2013}}</ref><ref name="Acquisition">{{cite press release|url=http://phx.corporate-ir.net/phoenix.zhtml?c=104384&p=irol-newsArticle_Print&ID=1082773|title=IHOP Corp. Successfully Completes the Acquisition of Applebee's International, Inc.|publisher=IHOP Corp.|date=November 29, 2007|accessdate=April 10, 2012}}</ref> |
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== History == |
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The Applebee's chain was started by Bill and T. J. Palmer who opened their first restaurant, T.J. Applebee’s Rx for Edibles & Elixirs, in [[Decatur, Georgia]], on November 19, 1980.<ref>Palmer, T.J. Applebees founder history. [http://applebees-founder.com/history1.htm "Opening]. Retrieved on April 16, 2012.</ref> After opening their second restaurant the pair sold their company to [[W. R. Grace and Company]] in 1983. As part of the transaction, Bill Palmer was named president of the Applebee's Division, an indirect subsidiary of [[W. R. Grace and Company]]. In that capacity, Palmer guided the operation from its entrepreneurial beginnings to a full-fledged franchise system. He became an Applebee's franchisee in 1985 and today owns more than three dozen Applebee's restaurants. |
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In 1986, the name of the concept was changed to Applebee's Neighborhood Grill & Bar to reflect the Palmers' original concept of a place people could call their own. |
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In 1988, Applebee's International, Inc., became the restaurant chain's franchiser when Kansas City franchisees Abe Gustin and John Hamra purchased the rights to the Applebee's concept from W. R. Grace.<ref>{{cite web|url=http://ab.hoovers.com/12395831-1.html?hid=11606243&serv=GGLCHQ2231011760&t=30&num=8662819168&cm_ven=PAID&cm_cat=GGL&cm_pla=CHQ&cm_ite=applebee%27s_headquarters |title=Hoover's – Company Locations and Addresses: Applebee's International, Inc}}{{dead link|date=April 2012}}</ref> |
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{{center|{{gallery |
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|title=Applebee's locations |
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|lines=4 |
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|File:Applebee's Restaurant Yonkers NY 2012.jpg |
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|Applebee's Restaurant in [[Yonkers, New York]] |
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|File:Applebee's, Coral Springs.jpg |
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|Typical Applebee's in [[Coral Springs, Florida]] |
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|File:Applebee`s Restaurant Riyadh.JPG |
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|Applebee's, [[Riyadh]], Saudi Arabia |
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|File:Applebees carside to go.jpg |
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|Locations that have Carside To Go usually have two or three designated parking spaces. |
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}}}} |
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[[File:Applebees-lenexa.jpg|thumb|Headquarters in Lenexa (now called Restaurant Support Center)]] |
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=== Acquisition by DineEquity === |
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On July 16, 2007, [[IHOP (restaurant)|IHOP Corp.]] announced that it agreed to buy Applebee's International for about $2.1 billion. Applebee's shareholders would receive $25.50 in cash per share, representing a 4.6% premium to the closing price on July 13, 2007.<ref name="Applebee's-Dec-2007-8-K" /> After the acquisition, IHOP Corp. changed its name to [[DineEquity]], Inc.<ref name="DineEquity-Jun-2008-8-K">{{cite web|url=http://pdf.secdatabase.com/632/0001104659-08-037204.pdf |title=DineEquity, Form 8-K, Current Report, Filing Date Jun 2, 2008 |publisher=secdatabase.com |accessdate =Jan 11, 2013}}</ref> DineEquity, which franchises nearly all of its restaurants, said it hoped to employ that strategy with Applebee's. |
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With their merger in November 2007, Applebee's and IHOP combined to make the largest full service restaurant company in the world, with more than 3,250 locations.<ref name="Acquisition" /><ref name="Applebee's-Jul-2007-8-K">{{cite web|url=http://edgar.secdatabase.com/1076/110465907053976/filing-main.htm |title=Applebee's, Form 8-K, Current Report, Filing Date Jul 16, 2007 |publisher=secdatabase.com |accessdate =Jan 11, 2013}}</ref> |
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== Company headquarters == |
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Applebee’s Kansas City–area headquarters was at 3929 Broadway in Kansas City, Missouri in 1988. In 1993 it relocated to [[Overland Park, Kansas]]. In January 2008 it relocated to neighboring [[Lenexa, Kansas]] per an agreement made in 2005 before it was taken over by IHOP (now [[DineEquity]]) to a new {{convert|175000|sqft|m2|adj=on}} building designed by [[BNIM]] (lured by a 90 percent property tax reduction offer).<ref>{{cite web|url=http://www.easyir.com/easyir/prssrel.do?easyirid=CCC105A779BBE8DA&version=live&prid=347255&releasejsp=release_93 |title=Applebee's Celebrates Grand Opening of Its New Headquarters in Lenexa |publisher=Easyir.com |accessdate=April 10, 2012 }}{{dead link|date=October 2016 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> However DineEquity has since been downsizing the headquarters presence as it has begun a strategy of converting its company-owned restaurants to franchises with a goal of having 98 percent of its restaurants franchised by 2013. In July 2008 DineEquity sold the headquarters (officially called the Restaurant Support Center) for $39 million in a sale-leaseback arrangement. The company has now listed the headquarters for sale and is reported looking for new space after it was announced on January 30, 2009, that its headquarters staff of 325 did not meet Lenexa’s requirement that at least 497 be employed at the headquarters to receive the property tax abatement.<ref>{{cite web|url=http://www.bizjournals.com/losangeles/stories/2009/02/09/daily1.html|title=Applebee’s job, salary levels come up short for abatement on HQ|date=February 9, 2009 |work=Kansas City Business Journal|accessdate=April 10, 2012}}</ref> In 2011 it announced plans to relocate to 8140 Ward Parkway in [[Kansas City, Missouri|Kansas City]] proper after receiving $12.65 million in incentives from Missouri. |
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== Advertising == |
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{{update|section|date=September 2016}} |
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As part of the company's marketing campaign and slogan, [[Wanda Sykes]] was hired to voice the chain's new mascot, the Applebee's Apple.<ref name="Wanda">{{cite news |url=http://www.nytimes.com/2007/10/25/business/media/25adco.html|title=Polishing Up the Apple in Applebee's|author=Quenqua, Douglas|work=The New York Times|date=October 25, 2007 |accessdate=April 10, 2012}}</ref> The character appears in commercials touting Applebee's various specials and stating the new slogan, "Together is good." or saying, "Get it together, baby!" as the slogan appears at the bottom right of the screen. A new campaign started on February 25, 2008, without Sykes' character (the spokesapple) with its slogan, "It's a whole new neighborhood." The commercials used both the company's original and new logos.{{citation needed|date=April 2012}} In 2009, Applebee's changed its slogan again to "There's no place like the neighborhood." As of 2012, Applebee's is airing an advertising campaign focusing on fresh ingredients and new dishes, narrated by [[Jason Sudeikis]], featuring the slogan, "See you tomorrow".<ref>{{cite web|url=http://adwhois.com/2012/07/26/applebees-2012-commercials/ |title=Applebees 2012 Commercials |author= |date= |work= |publisher=AdWhois |accessdate=25 August 2012 |deadurl=yes |archiveurl=https://web.archive.org/web/20120801025553/http://adwhois.com/2012/07/26/applebees-2012-commercials/ |archivedate=August 1, 2012 }}</ref> |
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== Controversies == |
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=== Side-work compensation === |
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Since 2006, Applebee's and its servers have been engaged in a lawsuit over hourly wages. The servers, who received a federal minimum wage of $2.13 per hour as tipped employees, allege that the company requires them to spend 20% of their time doing non-serving labor for which they should be paid the federal minimum wage of $7.25 per hour. The case has gone through several stages, including a judicially mandated binding arbitration session.<ref>{{cite web |url=http://kansascity.bizjournals.com/kansascity/stories/2007/10/08/daily42.html |title=Judge orders mediation in Applebee's lawsuit |date=October 12, 2007|work=Kansas City Business Journal |accessdate=April 10, 2012}}</ref><ref>{{cite web |url=http://nrn.com/article/applebee%E2%80%99s-wages-fight-over-nontipped-duties |title=Applebee's wages fight over nontipped duties |last=Prewitt |first=Milford |date=October 21, 2007 |work=[[Nation's Restaurant News]] |accessdate=April 10, 2012}}</ref> |
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== References == |
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{{reflist|30em}} |
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== External links == |
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* {{Official website|http://www.applebees.com/}} |
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* [http://www.dineequity.com/ DineEquity, Inc. website] |
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* [http://www.secdatabase.com/CIK/853665/Company-Name/APPLEBEES-INTERNATIONAL-INC Applebee's Historical SEC Filings] |
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* [http://www.secdatabase.com/CIK/49754/Company-Name/DINEEQUITY-INC DineEquity, Inc SEC Filings] |
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[[Category:1980 establishments in Georgia (U.S. state)]] |
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[[Category:Companies based in Kansas City, Missouri]] |
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[[Category:Restaurant chains in the United States]] |
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[[Category:Restaurants established in 1980]] |
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[[Category:Companies that have filed for Chapter 7 bankruptcy]] |
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