i s h c o m p u b l i c at i o n s s i n c e 19 8 6
P
A
C
I
F
I
C
/
P
R
A
I
R
I
E
estaurant News R December 2014 Vol. 20 No. 6
N A T I O N A L
C O V E R A G E
R E G I O N A L
F O C U S
$ 5 . 9 5
Deal gives Franworks room to grow GOING FOR GOLD MEDAL PLATES
3
VINTAGE AND VINYL AT THE RUBY
BREWING UP LAST BEST IN CALGARY
9
GETTING CHILI WITH RYAN O’FLYNN
6
State and Main downtown Calgary location.
By Jonathan Zettel, assistant editor CALGARY—Franworks has teamed up with Vancouver-based BENEV Capital Inc. (BCI) in a deal that will allow the group to pay down debt and grow in 2015. The group behind Elephant and Castle, State and Main and Original
Joe’s pubs gave BCI $12-million annual top-line royalty for a purchase price of about $103 million. “It was a good deal for both sides,” Franworks chief executive officer Derek Doke told PRN. “The cash proceeds from the deal were $88 million, so that allowed us to pay down a bunch of debt and also to reserve a
lot of capital for renewed growth—so we’ve got a very aggressive 2015 ahead of us.” According to Doke, five Original Joe’s restaurants will open this coming year with one in Fort St. John, BC, one in Brandon, MB, and two in the Prairies. Continued on page 3
Inside Earls’
collective Canada Post Publications Mail Agreement No. 40010152
By Kristen Smith, Assistant editor VANCOUVER—When Earls unveiled its new $1.2-million test kitchen earlier this year, the company also introduced what it has dubbed its “chef collective”. From left: Dawn Doucette, product development chef Andrew Hounslow, Tina Fineza, Jeff McInnis, Hamid Salimian and David Wong.
Continued on page 6
10 18
OPERATORS AND INDUSTRY EXPERTS SHARE THEIR TIPS ON HOW TO REFRESH A RESTAURANT'S CONCEPT, DESIGN AND MENU.
GOLDEN, BC CONVERTED AUGUST 2014
JOIN THE
WINNING TEAM
CALL US NOW.
Cal Briscoe 604.303.2162 BriscoeC@BostonPizza.com
CONVERT YOUR RESTAURANT
TO A BOSTON PIZZA. IT’S WORTH A CALL. IT’S EASIER THAN YOU THINK.