Arizona Fast Foods Acquires 41 Whataburger, Inc. Stores In Phoenix, Tucson, Scottsdale, Tempe And Other Arizona Markets.PHOENIX--(BUSINESS WIRE)--May 22, 1996--In one of the largest transactions in the history of Whataburger, Inc., Arizona Fast Foods, L.L.C., a limited liability corporation headed by Paul K. Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. and investor Paul Thomas Paul Thomas (born Paul Anthony Thomas, 5 October 1980, Waldorf, Maryland, United States) is the bassist of the band, Good Charlotte. He started out on the guitar, but then a friend influenced him to play the bass guitar. of San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Calif., has purchased 41 Whataburger, Inc. restaurants, located throughout the state of Arizona. Three of the restaurants are located in The America West Arena in Phoenix, Ariz. The acquisition also includes Whataburger restaurants in Litchfield, Glendale, Tempe, Tucson, Casa Grande Casa Grande (kä`sä grän`dā), city (1990 pop. 19,082), Pinal co., S Ariz.; inc. 1915. It lies in an irrigated farm area near the Casa Grande Mts. , Mesa, Prescott, Peoria, Avondale, Apache Junction, Chandler, and Scottsdale. The acquisition makes Arizona Fast Foods, L.L.C., the largest franchisee of Whataburger restaurants in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with more than 1,100 employees and 1996 revenues projected to be approximately $30 million. According to Cohen of Arizona Fast Foods, L.L.C., "The Arizona market is a very exciting one with great growth potential. There's tremendous customer loyalty to Whataburger, and that loyalty has been earned over a 30 plus year period. "We're also proud of the long-term relationship with the Phoenix Suns," says Cohen. "The team and the fans are terrific, and we enjoy sponsoring the 3-point Whatashot." Cohen was president of the successful Whataburger franchise in El Paso, Texas when he learned of the opportunity to acquire the Arizona stores, as well as the franchise development rights for the entire state of Arizona. "Our plans are to add 50 more Whataburger restaurants throughout the state," says Cohen. "The customer demand for a great, made-to-order burger has never been better." According to Whataburger, Inc. President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Tom Dobson, "We are very pleased with Arizona Fast Foods' commitment to the future growth of Whataburger in the state. Paul Cohen and his organization will continue to build on their successful franchise track record, and we believe these markets represent a wide open opportunity." Last year, Whataburger, Inc. moved to first place among the top 100 U.S. restaurant chains in the category of "same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of percentage increase" vs. the prior year, up from 71st place in 1994. Headquartered in Corpus Christi, Texas Corpus Christi is a coastal city and the county seat of Nueces CountyGR6 in the U.S. state of Texas. It is part of the region known as South Texas. , Whataburger, Inc. was founded in 1950 by Harmon A. Dobson and, today, under the leadership of Tom Dobson, the founder's son, has grown to over 500 restaurants in seven states and Mexico, generating more than $500 million in revenues. CONTACT: Arizona Fast Foods, L.L.C. Paul K. Cohen, 602/995-2300, or Marek & Company, Annemarie Marek, 214/828-0634 |
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