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'''Schlotzsky's''' is a [[privately held company|privately held]] franchise chain of [[restaurant]]s, specializing in [[sandwich]]es, headquartered in [[Austin|Downtown]] [[Austin, Texas]]. Schlotzsky's has more than 350 franchised and company-owned locations worldwide. Most of the locations are across the south and southwestern [[United States]], but the company is expanding into areas across the country, particularly the north and southeast.<ref>[http://www.qsrmagazine.com/news/schlotzskys-growth-skyrockets?microsite=9344&utm_campaign=20110628&utm_source=jolt&utm_medium=email Schlotzsky's Growth Skyrockets], ''QSR Magazine'', June 27, 2011.</ref> |
'''Schlotzsky's''' is a shitshow, it has the worst food ever. I have no idea why anyone would order it for cubicle people. F this place. Seriously. [[privately held company|privately held]] franchise chain of [[restaurant]]s, specializing in [[sandwich]]es, headquartered in [[Austin|Downtown]] [[Austin, Texas]]. Schlotzsky's has more than 350 franchised and company-owned locations worldwide. Most of the locations are across the south and southwestern [[United States]], but the company is expanding into areas across the country, particularly the north and southeast.<ref>[http://www.qsrmagazine.com/news/schlotzskys-growth-skyrockets?microsite=9344&utm_campaign=20110628&utm_source=jolt&utm_medium=email Schlotzsky's Growth Skyrockets], ''QSR Magazine'', June 27, 2011.</ref> |
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==History== |
==History== |
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Revision as of 16:52, 26 September 2011
| File:Schlotzsky logo.png | |
| Company type | Wholly owned subsidiary |
|---|---|
| Industry | Quick-casual |
| Founded | 1971 |
| Headquarters | 301 Congress Downtown Austin, Texas |
| Products | Sandwiches, pizzas, salads, wraps |
| Parent | FOCUS Brands |
| Website | schlotzskys.com |
Schlotzsky's is a shitshow, it has the worst food ever. I have no idea why anyone would order it for cubicle people. F this place. Seriously. privately held franchise chain of restaurants, specializing in sandwiches, headquartered in Downtown Austin, Texas. Schlotzsky's has more than 350 franchised and company-owned locations worldwide. Most of the locations are across the south and southwestern United States, but the company is expanding into areas across the country, particularly the north and southeast.[1]
History
Don and Dolores Dissman founded the company in 1971 in Austin, Texas.[2] The initial menu consisted of one sandwich of mixed meats, cheeses and black olives on a freshly made, toasted bun. The sandwich was called "The Original."[3] The first sandwich was based on the Muffuletta sandwich.[2]
In 1981, the company had 100 franchise stores. Real Estate investors, John and Jeff Wooley and Gary Bradley purchased the company for less than $3 million. Bradley split with the Wooleys in 1982. Bradley took the real estate business and the Wooleys kept Schlotzsky's.
The Wooleys expanded Schlotzsky's menu to include panini, specialty pizzas, toasted wraps, freshly tossed salads, soups, and other items.[4] The Wooleys also took the company public on December 15, 1995, trading as BUNZ on NASDAQ [5] until 2004, the same year that Bobby Cox Companies came on board. [6]
The chain peaked in 2001 with 759 stores[7] and over $400 million in sales, when same store sales started to plateau. In 2003, the company posted an $11.7 million loss. The Schlotzsky's board of directors relieved the Wooley brothers from day-to-day management on June 17, 2004 and named Sam Coats as the new chief executive officer of the company.[8] Under pressure, the Wooleys resigned from the board in July 2004.[9]
In 2004, the company ceased trading on NASDAQ and Bobby Cox Companies came on board. Under new ownership and management, Schlotzsky’s spent two years strengthening its franchise operations and reinvigorating the brand.[10][11] The new owners operated the business under the corporate entity Schlotzsky's, Ltd., and began streamlining the menu.[12] Under new ownership and management, Schlotzsky's has strengthened franchise operations and is licensing new franchisees in Texas and other states. The company also plans to open several new corporate-owned stores.[13]
On November 21, 2006, Schlotzsky's was acquired by FOCUS Brands, an affiliate of private equity firm Roark Capital Group, parent company of Moe's Southwest Grill, Carvel, Cinnabon and Auntie Anne's.[14] The following year, the company named Kelly Roddy as president, who joined Schlotzsky's from H-E-B Grocery Company. [15] With Kelly on board, Schlotzsky's began to plan for growth along with a systemwide reimage,[16] which included updated restaurants, improved menus, [17] table service, and the addition of Cinnabon[18]. The company is currently remodeling its locations across the country with a "Lotz Better" look, which includes bright, bold colors, circle-themed furniture and decor and playful slogans.[19]
Headquarters
Schlotzsky's headquarters are located at 301 Congress in Downtown Austin, Texas.[20]
Before moving in to 301 Congress, Schlotzsky's was located at 203 Colorado in Downtown Austin.[21]
Slogan
Current slogans are "All 'Round, Lotz Better," "Lotz Better," "Every Bite Lotz Better." Former slogans include "Funny name. Serious sandwich." and "Just one sandwich, it's that good."
References
- ^ Schlotzsky's Growth Skyrockets, QSR Magazine, June 27, 2011.
- ^ a b Smith, Amy (2004-10-08). "Original History". Austin Chronicle. Retrieved 2008-10-15.
- ^ Our Rise to the Top, Schlotzsky's. Retrieved October 26, 2005.
- ^ Can Schlotzsky's Be Saved?, Austin Chronicle, October 8, 2004.
- ^ The Life of a Sandwich, Austin Chronicle, October 8, 2004.
- ^ Cox Closes Sale of Schlotzsky's, "Dallas Business Journal", January 10, 2005.
- ^ Schlotzsky's new owners want to simplify, Austin American-Statesman, January 11, 2005.
- ^ Schlotzsky's board fires Wooley brothers, Austin American-Statesman, June 17, 2004.
- ^ The Beard Gambit, Austin Chronicle, October 8, 2004.
- ^ Fort Worth company buys Schlotzsky's, Austin American-Statesman, December 9, 2004.
- ^ Schlotzsky's next move, Austin Business Journal, September 23, 2005.
- ^ Schlotzsky's new owners want to simplify, Austin American-Statesman, January 11, 2005.
- ^ Restaurant chains bounce back from bankruptcy, Houston Business Journal, December 9, 2005.
- ^ Focus Brands buying Schlotzsky's, Austin Business Journal, November 20, 2006.
- ^ Schlotzsky's Names Kelly Roddy President, "QSR", December 10, 2007.
- ^ Schlotzsky's gears up for a comeback, "Austin Business Journal", April 4, 2010
- ^ Schlotzsky's adds healthier fare to menu "Austin Business Journal", August 18, 2010.
- ^ Schlotzsky's to co-brand with Cinnabon, "Fast Casual", March 25, 2010
- ^ Schlotzsky's goes all in with Cinnabon, new look "QSR Magazine", March 23, 2010
- ^ "Contact Us." Schlotzsky's. Retrieved on February 25, 2010.
- ^ "Company." Schlotzsky's. May 11, 2000. Retrieved on May 6, 2010.
External links
- Schlotzsky's Official website