Brinker International Expands Partnership With First Macaroni Grill Franchisee, Waterloo Restaurant Ventures; New Franchise Agr
16 Giugno 2006 - 12:00AM
PR Newswire (US)
DALLAS, June 15 /PRNewswire-FirstCall/ -- Romano's Macaroni Grill
franchisee Waterloo Restaurant Ventures, Inc. purchased four
corporate-owned restaurants and plans to develop 11 more through an
expanded franchise and development agreement with Brinker
International (NYSE:EAT). Waterloo currently operates five Macaroni
Grill restaurants in Oregon, Washington and Idaho. Through the
newly inked agreement, Waterloo purchased four greater San
Francisco-area Macaroni Grill restaurants and is slated to complete
development on 11 more by the end of 2013. Based in Vancouver,
Wash., Waterloo was founded by CEO and President Barry McGowan, a
former Brinker employee and 20-year restaurant industry veteran.
Waterloo has been a Brinker franchisee since becoming Macaroni
Grill's first domestic franchise partner in 2002. "Waterloo
Restaurant Ventures is excited to expand our partnership with
Brinker and strengthen market penetration of the Macaroni Grill
brand in the Pacific Northwest and California Bay area," said Barry
McGowan, CEO and President of Waterloo Restaurant Ventures. "Our
team of experienced casual dining operators combined with Brinker's
support and operations infrastructure will be the recipe for our
success." In the current fiscal year, Brinker's domestic and
international franchisees have purchased 20 corporately-owned
restaurants and signed agreements to develop an additional 115
restaurants over the next ten years. Brinker International, Inc. is
one of the world's leading casual dining restaurant companies,
serving more than 1 million guests daily. Founded in 1975 and based
in Dallas, Texas, Brinker owns or franchises more than 1,500
restaurants in 24 countries and employs more than 100,000. Brinker
restaurant brands include Chili's Grill & Bar, Romano's
Macaroni Grill, On The Border Mexican Grill & Cantina and
Maggiano's Little Italy. The company was named one of FORTUNE
Magazine's Most Admired Companies in 2006 and in 2005 was honored
by the magazine as one of the Top 50 Employers for Minorities and
the Top 50 Employers for Women. For more information visit
http://www.brinker.com/ . DATASOURCE: Brinker International
CONTACT: Stacey Calbert, Media Relations of Brinker International,
+1-800-775-7290 Web site: http://www.brinker.com/
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