Shari's Restaurants
From Wikipedia, the free encyclopedia
| Shari's Restaurants | |
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| Type | private |
| Founded | 1978, Hermiston, Oregon |
| Headquarters | Beaverton, Oregon, United States |
| Key people | Larry Curtis, CEO, President |
| Industry | foodservice |
| Revenue | $97.6 million (2006) |
| Employees | 4,500 (2007) |
| Website | sharis.com |
| Company data.[1] | |
Shari's Restaurants is a chain of family dining restaurants in the western United States. Shari's is open 24 hours a day, 365 days a year. Shari's currently has 98 locations in Washington, Oregon, California, Idaho, Wyoming, and Nebraska. The original restaurant was opened in Hermiston, Oregon in 1978. Its corporate offices are located in the Progress area of Beaverton, Oregon. In 2001 a Salem, Oregon location tied for best late night meal as judged by the Statesman Journal,[2] and in 2005 came in second for best midnight meal.[3]
[edit] History
Shari’s began in Hermiston, Oregon in 1978 with Ron and Sharon Bergquist as proprietors.[4] The two ran the company for seven years. By 1999 Shari’s was the ninth largest family restaurant chain in the United States based on total sales, and sixth in growth.[5]
In March of 1999, the chain was acquired by Fairmont Capital Inc. for $60 million.[6] At that time Shari’s operated 96 locations in seven states with 4,000 employees and $128 million in annual revenue.[6] They were still the ninth largest family chain in 2003.[7]
Shari’s lost a gender discrimination lawsuit in April of 2005 and were ordered to pay $122,225 in damages.[8] Then in December of 2005 the company was purchased by New York private investment firm Circle Peak Capital.[4]
[edit] External links
[edit] References
- ^ Hoovers: Shari's Management Corporation
- ^ Midnight diners will find variety at Shari's. Statesman Journal, November 15, 2001.
- ^ Complete list of winners. Statesman Journal, October 27, 2005.
- ^ a b Shari’s: Our History
- ^ Family chains fight back with acquisitions, reduced unit size. Nation's Restaurant News, July 26, 1999.
- ^ a b Fairmont, execs buy Shari's chain for $ 60M. Nation's Restaurant News, March 15, 1999.
- ^ Most second-tier family brands seek recovery from sales slippage; Special Report: Second 100. Nation's Restaurant News, July 28, 2003.
- ^ Gresham man wins gender-bias suit. The Oregonian, April 20, 2005.
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