Frisch's Adds 21 Golden Corral Restaurants To Development Plans, Will Enter W. Pennsylvania., S. Michigan, Columbus, Ohio
W. PENNSYLVANIA., S. MICHIGAN, COLUMBUS, OHIO (Wednesday, April 13, 2005) -
Frisch's Restaurants, Inc. of Cincinnati and Golden Corral of Raleigh, N.C. have signed an area development agreement under which Frisch's will open and operate 21 Golden Corral restaurants in the western Pennsylvania, southern Michigan and Columbus, Ohio, markets by 2011. This brings to 62 the number of Golden Corrals that Frisch's has agreed to own and operate.
Craig F. Maier, President and CEO of Frisch's said, "Our board of directors approved the additional expansion based on the success of our current Golden Corral restaurants and the potential for grill-buffet restaurants in the markets we are adding.
"We will maintain our future growth plan to open five new Golden Corral restaurants a year for the foreseeable future, underscoring the success of our long-term strategy of making Golden Corral restaurants a major growth vehicle for our company," Mr. Maier added.
Ted Fowler, President and CEO of Golden Corral Co0rporation, said, "Frisch's Restaurants opened their first Golden Corral restaurant in Cincinnati in 1999 and have averaged five openings per year since then. Only a company with their management strength and operational excellence could perform consistently at such a high level.
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COMPANY INFORMATION
Golden Corral Franchising Systems Inc.
5151 Glenwood Ave.
Raleigh,
NC
Toll Free: (800)284-5673
Fax: (919)881-5252
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