Olive Garden

9
Krishna Polasani

description

 

Transcript of Olive Garden

Page 1: Olive Garden

Krishna Polasani

Page 2: Olive Garden

History Of FranchiseFounded in 1982. Olive Garden is a casual

dining American restaurant chain specializing in Italian-American food. The first Olive Garden was opened by General Mills on December 13, 1982, in Orlando, Florida. As of 2008 there are 668. All Canadian restaurants have been closed except for a few in Winnipeg, Manitoba, Calgary, and Alberta,

Page 3: Olive Garden

Restaurants on the U.S.AIn the United States there are 668 olive

garden locations

Page 4: Olive Garden

Restaurant Entrepreneur INFOThe Red Lobster and Olive Garden owner

shocked investors as it saw November a big rise in sales, despite a less-than-favorable forecast from analysts. The stock gained nearly 20% Friday, up $4.74 to $28.72.

Page 5: Olive Garden

Training and SupportYes! The Olive Garden franchises across the

nation to business entrepreneurs. They made the top 500 restaurant chains and still gross large amounts in profit each year. For moguls interested in starting a restaurant, the Olive garden may be a great opportunity. However, for many business moguls who want to stay in the business world without owning a business they become consultants for WSI instead. Consultants assist with small and medium size businesses by helping them maintain success in their community.

Page 6: Olive Garden

Menus for Olive Garden

Page 7: Olive Garden

Olive Garden in CaryI think I would have my Olive Garden in

Chapel Hill, North Carolina because there none there.

Page 8: Olive Garden

Olive Garden Rankings Growth

Darden Restaurants is the home of Olive Garden, Red Lobster, Season 52 and Bahama Breeze, LongHorn Steakhouse and the Capital. During its analyst conference, Darden announced that a slowdown. The expected slowdown caused Darden to reduce the total number of new restaurant openings originally planned for fiscal 2009, but it's still focusing on building 36-38 new Olive Garden restaurants - and with good reason.

ValueDarden added 39 new Olive Gardens to its portfolio during the 2008 fiscal year. Same store sales growth increased 4.9%, driven by a 3% increase in guest checks and a 1.9% increase in the number of guests dining at Olive Garden. The increases helped Olive Garden generate a record $3.07 billion in revenuewith the average restaurant generating $4.9 million.

Page 9: Olive Garden

Competitor'sWe recognize that consumers are under incredible pressure

and are more discerning about how and where they spend their discretionary income," Darden's CEO Clarence Otis said at the end of the company's second quarter, ending November 2008. Consumers are having to make tough choices about whether they can afford to go out to eat at all, and Darden brands also compete with fast food giants like McDonalds .

 The closure of 189 Macaroni Grills was cited as one cause. DineEquity completed theaquistion of the Applebee's restaurant chain at the end of 2007. Although Applebee's added $298 million to the consolidated company's revenues for the third quarter ending September 30, Q3 still reported a $14.8 million loss from continuing operations from interest expense on $2.3 billion of funded debt, impairment charges and a loss on a financial derivative in 2007.