Kaylyn Amunrud
New member
I want to know which company in the restaurant business is this and I have a few random data points for us to guess:
First, this company doesn't feed a daily habit like Starbucks did. But, the business model is remarkably similar to Starbucks. It has a rock-solid management, has a pristine balance sheet ($65 million cash and ZERO debt)... aggressive yet prudent expansion plans... this company IS following the Starbucks model with similar results! This company is still small -- with a market cap below $500 million. But what really sets this company apart is that management steadfastly refuses to take on crippling debt in order to fund its ambitious expansion plans. It is expanding bottom line earnings at a rate in excess of 25-30% per year. Like Starbucks, this company started with a regional base... in this case in Ohio. And despite having more than 400 stores up and running, only seven are in New York, one in California, and exactly ZERO within 40 miles of our nation's capital.
First, this company doesn't feed a daily habit like Starbucks did. But, the business model is remarkably similar to Starbucks. It has a rock-solid management, has a pristine balance sheet ($65 million cash and ZERO debt)... aggressive yet prudent expansion plans... this company IS following the Starbucks model with similar results! This company is still small -- with a market cap below $500 million. But what really sets this company apart is that management steadfastly refuses to take on crippling debt in order to fund its ambitious expansion plans. It is expanding bottom line earnings at a rate in excess of 25-30% per year. Like Starbucks, this company started with a regional base... in this case in Ohio. And despite having more than 400 stores up and running, only seven are in New York, one in California, and exactly ZERO within 40 miles of our nation's capital.