Schlotzsky's is a privately held franchise chain of restaurants, specializing in sandwiches. The company is headquartered in Atlanta, Georgia. Schlotzsky's has more than 350 franchised and company-owned locations worldwide. Most locations are in the south and southwestern United States, but the company is expanding into areas across the country, particularly the north and southeast.
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History
In 1971, Don and Dolores Dissman founded the company in Austin, Texas. The initial menu consisted of one sandwich of mixed meats, cheeses and black olives on a freshly made, toasted bun called "The Original." The first sandwich was based on the Muffuletta sandwich. In 1981, the company had 100 franchise stores when real estate investors, John and Jeff Wooley and Gary Bradley, purchased the company for less than $3 million. Bradley split with the Wooleys in 1982, with Bradley taking the real estate business while the Wooleys kept the chain.
The Wooleys expanded Schlotzsky's menu to include panini, specialty pizzas, toasted wraps, salads, soups, and other items. The Wooleys also took the company public on 15 December 1995, trading as BUNZ on NASDAQ,
The chain peaked in 2001 with 759 stores and over $400 million in sales, when same store sales started to plateau. 2003 saw the company posting a $11.7 million loss; as a result The Schlotzsky's board of directors relieved the Wooley brothers from day-to-day management on 17 June 2004 and named Sam Coats as the new chief executive officer of the company. The Wooleys eventually resigned from the board in July 2004.
The company ceased public trading once the Bobby Cox Companies came on board. Under new ownership and management, Schlotzsky's spent two years strengthening its franchise operations and restructuring the brand. The new owners operated the business under the corporate entity Schlotzsky's, Ltd., and began streamlining the menu. Under new ownership and management, Schlotzsky's has strengthened franchise operations and is licensing new franchisees in Texas and other states. The company also plans to open several new corporate-owned stores.
On 21 November 2006, Schlotzsky's was acquired by Focus Brands, an affiliate of private equity firm Roark Capital Group, parent company of Moe's Southwest Grill, Carvel, Cinnabon and Auntie Anne's. The following year, the company named Kelly Roddy as president, who joined Schlotzsky's from H-E-B Grocery Company. With Kelly on board, Schlotzsky's began to plan for growth along with a systemwide reimage, which included updated restaurants, improved menus, table service, and the addition of Cinnabon. The company is currently remodeling its locations across the country with a "Lotz Better" look, which includes bright, bold colors, circle-themed furniture and decor and playful slogans.
Slogan
Current slogans are "All 'Round, Lotz Better," "Lotz Better," "Every Bite Lotz Better." Former slogans include "Funny name. Serious sandwich." and "Just one sandwich, it's that good."
Source of the article : Wikipedia
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