Zoës Kitchen

Zoës Kitchen
Restaurant
Traded as NYSE: ZOES
Industry Fast Casual
Founded June 1995 (1995-06) (as Zoe's Kitchen, Inc.)
Homewood, Alabama, U.S.
Founders Marcus Cassimus
Zoë Cassimus
Headquarters Plano, Texas, U.S.
Number of locations
 258 stores
Key people
 Kevin Miles (CEO)
Products Sandwiches
Pitas
Salads
Soups
Kabobs
Other food products
Website www.zoeskitchen.com

Zoës Kitchen is a fast casual restaurant chain headquartered in Plano, Texas, United States. Serving a menu of variety of chicken salad, pasta salad, pitas and grilled chicken sandwiches, the chain has grown to include 203 locations across 17 [1] states with plans to expand further. Zoës’ menu features Mediterranean-inspired comfort food with made-from-scratch recipes using fresh ingredients. Kevin Miles (CEO), who joined Zoës in 2009, succeeded Greg Dollarhyde as president in March 2011.

History

Zoës Kitchen was originally incorporated in Jefferson County Probate Court in June 1995 as Zoe's Kitchen, Inc.[2] Founded by Zoë and Marcus Cassimus.[3] Originally, the restaurants were not franchised, with Cassimus retaining a 51 percent ownership stake in all newly opened locations.[4]

Its first location would open in October 1995 in downtown Homewood.[5] A second location opening in the Riverchase section of Hoover in 1999 and a third in downtown Birmingham in March 2001.[3] The restaurant would continue its expansion with the opening of its first store outside the Birmingham area in Tuscaloosa in May 2001 and its first out-of-state location in Nashville, Tennessee in the fall of 2001.[6] By 2006, Zoës had expanded to sixteen restaurants, with eight located in Alabama and others located in Phoenix, Nashville, Memphis, Baton Rouge and Destin.[7]

With 20 stores open by 2007, Cassimus would sell a majority ownership stake to Brentwood Associates of Los Angeles.[8] Following the purchase, Cassimus announced that he would remain as chief executive, the company would remain headquartered in Birmingham and that the menu would not be affected. Additionally it was revealed that the sale could potentially result in the opening of 200 new franchises over the next five years.[8] By Spring 2008 GE Capital Solutions loaned the company $10 million to allow for the development of 50 new stores across the southeast and southwest.[9]

In November 2008, Cassimus would resign with Greg Dollarhyde taking his place as CEO.[10] Formerly the CEO of Baja Fresh, Dollarhyde announced that he will be looking to expand the restaurant to new locales with two-thirds remaining company owned and the remainder being franchised.[10]

Kevin Miles, who joined Zoës in 2009 after working at Luby’s, Pollo Campero and Baja Fresh, succeeded Greg Dollarhyde as president in March 2011.

As of August 2011, Zoës has 11 franchised stores and the rest are company-owned [41]. Miles announced that Zoës would consider multi-unit franchisees in the future.

Zoës launched online ordering in 2011 and a mobile loyalty app in 2013.

Miles promised that the company would stay headquartered in Birmingham (the city where the company was founded and a majority of employees were located), in 2011.[11] In 2014, though, when the company announced that it was going to be publicly traded,[12] SEC filings showed the headquarters as Plano, Texas.[13] Reasons given for the shift included simplifying travel, a lack of talent available in Birmingham (the talent source for the companies initial growth and development), and the need to consolidate offices to prepare for an IPO. Local media, business, and civic leaders said they were unaware of the move.

Locations

As of March 2015, Zoës Kitchen has 203 locations throughout seventeen states of the United States.[14]

References

  1. ↑ http://zoeskitchen.com/locations/list-view.aspx?
  2. ↑ Staff Reporters (July 18, 1995). "June incorporations in Jefferson County". The Birmingham News.
  3. 1 2 Williams, Roy L. (November 14, 2000). "Zoe's to expand downtown". The Birmingham News.
  4. ↑ Williams, Roy L. (November 10, 2002). "Former running back to kitchen coach". The Birmingham News.
  5. ↑ Harvey, Fletcher (September 21, 1995). "New Zoe's features healthy menu". The Birmingham News.
  6. ↑ Williams, Roy L.; O'Hara, Jo Ellen (November 7, 2003). "Zoe's debuts its new look when Federal Place restaurant opens". The Birmingham News.
  7. ↑ Williams, Roy L. (May 31, 2006). "Zoe's set to spread wings with stores in more states". The Birmingham News.
  8. 1 2 Goodman, Sherri C. (November 2, 2007). "Zoe's Kitchen selling big stake Cassimus sees deal as spice for expansion". The Birmingham News.
  9. ↑ Williams, Roy L. (April 16, 2008). "Finance plan will enable Zoe's to add 50 locations". The Birmingham News.
  10. 1 2 Williams, Roy L. (December 10, 2008). "Zoe's new CEO wants to grow the eatery's brand". The Birmingham News.
  11. ↑ http://www.bizjournals.com/dallas/print-edition/2011/09/09/commercial-real-estate-zoes-set-to.html
  12. ↑ http://www.bizjournals.com/birmingham/news/2014/03/11/zo-s-kitchen-files-ipo-looks-to-raise-80-5.html
  13. ↑ http://www.bizjournals.com/birmingham/news/2014/03/18/why-zo-s-kitchen-moved-its-hq-from-birmingham.html
  14. ↑ http://zoeskitchen.com/locations/list-view.aspx
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