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K-Bob's Steakhouse
K-BOB'S is a regional restaurant chain that operates in Texas, New Mexico, and formerly Colorado. The company was founded in 1966 in Clovis, New Mexico, by Gabe E. Parson. It filed for Chapter 11 bankruptcy in 1989 and emerged from in 1991 under the new ownership and management of Edward Tinsley III. Tinsley relocated the company headquarters from Dallas to Albuquerque, and then later to Santa Fe. In August 2015, Tinsley sold the company to a private equity fund founded by his son (Edward R. Tinsley IV) and son-in-law (Morgan Booth). Tinsley retained 4 stores in the New Mexico market as a franchisee. Today, Tinsley IV and Booth operate the company out of its current corporate headquarters in Houston Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in .... References External l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Franchising
Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. In return, the franchisee pays certain fees and agrees to comply with certain obligations, typically set out in a franchise agreement. The word ''franchise'' is of Anglo-French derivation—from , meaning 'free'—and is used both as a noun and as a (transitive) verb. For the franchisor, use of a franchise system is an alternative business growth strategy, compared to expansion through corporate owned outlets or "chain stores". Adopting a franchise system business growth strategy for the sale and distribution of goods and services minimizes the franchisor's capital investment and liability risk. Franchising is rarely an equal partnership, especially in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
