Baja Fresh

Baja Fresh is a chain of fast-casual Tex Mex restaurants founded in Newbury Park, California in 1990 and headquartered in Cypress, California.[1] The chain emphasizes fresh ingredients, and each restaurant features a self-serve salsa bar.

The chain operates 256 restaurants in 29 states,[2] and in 2010 opened a store at the Burj Khalifa in Dubai.[2]

Competitors include California Tortilla, Panchero's Mexican Grill, Chipotle Mexican Grill, Moe's Southwest Grill, Qdoba, Rubio's Fresh Mexican Grill, Tijuana Flats.

History

In 1990, Jim and Linda Magglos took out a third mortgage on their home[3] and opened the first Baja Fresh in the Conejo Valley of California with the vision of fast food, Mexican-style, that was not processed.[4] The result was a chain of restaurants where the customer would "never see a can opener"[4] — and the motto “no microwaves, no can openers, no freezers, no lard and no MSG.”[5] Franchising began In 1995,[3] and the chain had expanded to 31 outlets by 1997.[6] In 1998, the Magglos worked with Greg Dollarhyde, who recapitalized the parent company, acquired venture capital and bought shares from outside holders to take control of Baja Fresh.[3] Dollarhyde then grew the chain from 45 locations in 1998 to 249 stores.[5]

In 2002, Wendy's International purchased Baja Fresh for $275 million.[7] As a wholly owned subsidiary of Wendy's, the 249 restaurant chain[5] saw consistently declining same store sales.[5] In 2006, Wendy's sold the roughly 300-location Baja Fresh chain for $31 million to a private investor consortium that operates other restaurants, including Sweet Factory, La Salsa[8], Cinnabon and Denny's.[9] The consortium is led by David Kim, who took on the role of CEO of the company.[5]

In 2009, Baja Fresh moved its corporate headquarters from Thousand Oaks to Cypress,[6] California, and closed all locations in central Ohio.[10] Between 2009 and 2010, the chain closed stores in Berkeley, Pasadena and Torrance, CA.

References

  1. ^ "Contact Us." Baja Fresh. Retrieved on February 25, 2010.
  2. ^ a b "Quick-Causal Fresh Mexican Chain to Open in Dubai's World Famous Burj Khalifa". Franchising.com, January 22, 2010. http://www.franchising.com/pressreleases/14264/. 
  3. ^ a b c "Hurry Up & Relax Fast Casual is Booming". Restaurant Hospitality, Nov 1, 2001, Barb Axelson. http://restaurant-hospitality.com/features/rh_imp_3130/. 
  4. ^ a b "The Chain Gang". Forbes, November 12, 2001, David Shribman. November 12, 2001. http://money.cnn.com/magazines/fortune/fortune_archive/2001/11/12/313337/index.htm. 
  5. ^ a b c d e "Baja Fresh buyers look to inject new life into struggling chain". Restaurant News, Lisa Jennings,. http://qsrconsultinggroup.com/Baja.pdf. 
  6. ^ a b "Baja Fresh company leaves Thousand Oaks: Corporate operations are now in Orange County". Trading Markets, 25 Mar 2009. http://www.tradingmarkets.com/.site/news/Stock%20News/2239852/?relatestories=1. 
  7. ^ "Wendy's diversifies with purchase of Baja Fresh". USAtoday, 5/31/2002. May 31, 2002. http://www.usatoday.com/money/general/2002/05/31/wendys-bajafresh.htm. 
  8. ^ Facebook Page of David Kim, http://www.facebook.com/DavidKimIGNITE 
  9. ^ "Wendy’s/Arby’s Group, Inc. :: News Release" (Press release). Ir.wendysarbys.com. 2006-11-28. http://ir.wendysarbys.com/phoenix.zhtml?c=67548&p=irol-wendynewsArticle&ID=1200298&highlight=. Retrieved 2010-04-10. 
  10. ^ "Central Ohio bids adios to Baja Fresh locations". The Columbus Dispatch, July 21, 2009, Bill Chronister. http://www.dispatch.com/live/content/business/stories/2009/07/21/rest_0721.ART_ART_07-21-09_A8_L5EHIGB.html. 

External links

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Companies portal
Food portal